The Gen XY Lifestyle

TM Retirement Paycheck

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TM Retirement Paycheck Illustration

Tokio Marine Life Insurance Singapore (TMLS) offers an endowment plan product to help customers address their need to plan for retirement.

Launched in April 2014, the TM Retirement Paycheck is an endowment plan that will provide a guaranteed monthly cash benefit for 20 years, starting from a pre-selected “payout age”. This “payout age” is chosen by the policy holder upon application and sign-up and starts from age 55, 60 or 65 years old.

The plan also provides for a non-guaranteed Yearly Bonus of up to 12 times the guaranteed monthly cash benefit that will be payable on each policy anniversary for 20 years.

At maturity, there will be a lump sum guaranteed maturity benefit paid with the possibility of an additional, non-guaranteed terminal dividend.

Main features of the TM Retirement Paycheck include:

• The policy holder can expect to receive a monthly cash benefit from their selected “payout age”
• The plan also offers a non-guaranteed Yearly Bonus of up to 12 times the guaranteed monthly cash benefit
• The plan is capital guaranteed
• There is no underwriting required for this product.

The plan is suitable for those looking:

• For income security for a fixed period in their retirement years
• For a shorter premium commitment period
• For no medical underwriting upon application

 

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