Best Lifetime Income Endowment Plans in Singapore (2026)

If you’re searching for the best lifetime income endowment plans in Singapore, you’re likely looking for a balance between guaranteed capital and sustainable long-term income. While many endowment policies promise wealth accumulation, only selected lifetime income structures are designed to deliver retirement stability beyond a fixed maturity date.

In this 2026 guide, we compare selected lifetime income endowment plans, explain how they work, and break down which type of saver each plan may be most suitable for.

Compare the Best Lifetime Income Endowment Plans in Singapore

Plan	Guaranteed Component	Lifetime Income	Best For
Singlife Flexi Life Income II	Strong capital preservation	Yes	Clients looking to park a lump sum
FWD Life Income Plus	Strong capital preservation	Yes	Clients looking for high guranteed income
NTUC Income Gro Cash Plus	Stable long-term accumulation	Yes	Senior clients looking for yearly income

Below, we break down each of these best lifetime income endowment plans in Singapore in greater detail.

This article is updated as of 11/02/2026.

How We Evaluated the Best Lifetime Income Endowment Plans in Singapore

When reviewing the best lifetime income endowment plans in Singapore, we focused on several key factors that determine long-term retirement suitability and income sustainability.

These include:

• The ratio of guaranteed to non-guaranteed payouts

• Sustainability of lifetime income streams

• Participating fund structure and performance considerations

• Retirement income suitability based on age and objectives

• Liquidity limitations and surrender conditions

• Long-term capital preservation strength

Each plan reviewed below serves a different financial objective. The “best” lifetime income endowment plan depends on whether your priority is guaranteed capital, income stability, or structured retirement accumulation.

The 3 Best Lifetime Income Endowment Plans in Singapore

Reviewing endowment policies across all insurers in Singapore, InterestGuru.sg presents this comprehensive list of the best lifetime income endowment plans in Singapore, based on their income structure, guaranteed components and suitability. Below, we break down each of these best lifetime income endowment plans in Singapore in greater detail.

• Best Lifetime Income Endowment Plan for Guaranteed Capital – Singlife Flexi Life Income II
• Best Lifetime Income Endowment Plan for Strong Guaranteed Income – FWD Life Income Plus
• Best Lifetime Income Endowment Plan for Retirees – NTUC Income Gro Cash Plus

Note: All the featured savings plans allow for lifetime wealth accumulation without a fixed maturity. To fully withdraw the accumulated cash value, you may simply surrender/ terminate the policy.

Should You Take Up a Lifetime Income Endowment Plan?

Should long-term wealth accumulation be your primary objective, a lifetime endowment plan may offer the best product features that meet your needs.

• The flexibility of partial withdrawal without financial penalty
• Long-term guaranteed capital growth on your money

Depending on the insurance companies, lifetime endowment plans can be classified as a whole life plan or an endowment savings plan.

Key characteristics of lifetime income endowment plans include:

• Paying insurance premium for a fixed number of years or in a lump sum single premium
  
• Reaching a higher guaranteed cash value than the total premium paid in a shorter number of years
• Choice of maturity or surrendering of the plan for cash value

In any case, it is never too early to start saving and let the effects of compounding returns generate additional wealth for you.

Advantages of Lifetime Income Endowment Plans

Within this category of life insurance plans, some features are generally available to all of them.

• Limited period of payment – Insurance premium is only paid for a fixed number of years or in a lump sum single premium
• Guaranteed of capital – Capital is principle guaranteed after a fixed number of years
• Partial withdrawal – Part of the accumulated savings can be withdrawn
• Unlimited wealth accumulation – The policy continues until termination for full cash value. you choose your own maturity date
• Guaranteed issuance – No medical underwriting or health check is required

Disadvantages of Lifetime Income Endowment Plans

As wealth accumulation is the primary objective of lifetime endowment plans, the insurance coverages are generally lacking. Compared to a whole life insurance policy, the following features are commonly lower in values.

• Critical and Early Critical Illness coverage – Lump sum payouts are not available for such plans
• Coverage multiplier – Multiplier for insurance coverage are not available
• Low Sum Assured value – In the event of death, the plan usually only pays the higher of 105% of total premium paid or surrender value

Read about: How to beat low fixed deposit interest rates in Singapore

Which Lifetime Income Endowment Plan Is the Best for You?

Depending on your financial objectives and goals, Singlife Flexi Income II, FWD Life Income Plus or NTUC Income Gro Cash Plus may each better fit you.

Best Lifetime Income Endowment Plan for Guaranteed Capital – Singlife Flexi Income II

Singlife Flexi Income II allows you to pay your premiums in a single lump sum or as short as 3 years for maxmium wealth accumulation. What’s even better? Start collecting your yearly income from as early as the end of 3rd policy year till a lifetime!

Key features of Singlife Flexi Income II includes:

• The payout of a yearly income of up to 5.2% of your sum assured from as early as the end of 3rd policy year
• Capital is guarateed once the income starts paying out
• Capital will not be reduced when income pays out
• Allows secondary life insured so the policy is automatically transferred to the secondary life assured upon the demise of the main policyholder for policy continuity for wealth accumulation

More about: Singlife Flexi Income II review

Best Lifetime Income Endowment Plan for Strong Guaranteed Income – FWD Life Income Plus

FWD Life Income Plus stands out for its focus on income delivery rather than accumulation alone. This means your plan is geared toward helping you maintain a regular stream of cash flow after retirement, not just building up savings to use later. Though lacking in the single lump sum option for premium payment, their 3 years premium payment term generates the highest guaranteed yearly income among its peers. 

Besides lifelong wealth accumulation, the policy can be re-assign or pass on to a third party for further financial gains.

Key features of FWD Life Income Plus includes:

• Receive cash benefit payouts of up to 4% p.a. of your total premiums paid
• Principal guaranteed from as early as end of year 3
• Capital will not be reduced when income pays out
• Option to collect income monthly instead of yearly
• Continuity of plan to the next generation or third party without starting all over again from the beginning 

More about: FWD Life Income Plus review

Best Lifetime Income Endowment Plan for Retirees – NTUC Income Gro Cash Plus

One of the newest plan in the market, NTUC Gro Cash Plus allows clients of up to age 75 to puchase this plan for wealth accumulation. NTUC Gro Cash Plus is perfect for retirees looking to grow their wealth via a safer option.

Key features of NTUC Income Gro Cash Plus includes:

• 3 years premiums option available only (Min sum of $15,000)
• Annual guaranteed income payout starting from the end of the 3rd policy year
• Option to accumulate annual income at the prevailing interest rate of 3.0% p.a

More about: NTUC Income Gro Cash Plus review 
Read more: NTUC Income Gro Cash Plus vs other endowment plans in Singapore

Are Lifetime Income Endowment Plans Suitable for You?

If mid to long-term wealth accumulation is your primary objective, a lifetime income endowment plan may be an excellent fit for your financial goals. Instead of being restricted by a fixed maturity endowment plan, you can now terminate the policy only when you need the funds.

Read about: Where do you start with financial planning?

If a lump sum payout is your priority

Prefer to have access to withdraw from your lump sum while allowing the remaining funds to accumulate over time?  Consider a limited payment policy with features that enhance your financial journey. 

And for those looking at wealth succession, Singlife Flexi Income II allows a joint-ownership to ensure there will be no unforeseen financial dispute within the family after your demise.

Read about: This is why your insurance payment term should be as short as possible

Read about: 4 Best Endowment Savings Plans in Singapore (Updated)

Lifetime Income Endowment Plans are for long-term gains

Not all lifetime income endowment plans allow withdrawal at any point in time, take your time to fully understand the terms and conditions.

In the event that you require insurance coverage or investment returns, such savings plans will certainly not be suitable for you. Hence, always ensure that your financial goals are met and there is a reasonable time horizon towards making a full withdrawal.

Read more: Why a periodic insurance portfolio review is essential

Frequently Asked Questions

What is a lifetime income endowment plan in Singapore?

A lifetime income endowment plan in Singapore is a participating insurance policy designed to provide long-term capital accumulation together with structured income payouts during retirement. These plans typically contain both guaranteed and non-guaranteed components.

Which lifetime income endowment plan provides ongoing retirement income?

The best lifetime income endowment plans in Singapore are structured to deliver sustainable income payouts after a selected policy year, depending on the insurer’s participating fund performance and policy terms.

Are lifetime income endowment plans guaranteed?

Lifetime income endowment plans usually include a guaranteed portion and a non-guaranteed bonus component. The level of guaranteed capital and income varies by plan and insurer and can be guaranteed from as early as the end of year 3.

Is a lifetime income endowment plan better than investing?

Lifetime income endowment plans prioritise capital stability and structured retirement income, while investments focus on higher growth potential with greater volatility. Suitability depends on your financial goals, time horizon and risk tolerance.

What are the best lifetime income endowment plans in Singapore?

The best lifetime income endowment plans in Singapore depend on whether your priority is guaranteed capital, sustainable income payouts, or retirement accumulation. Different plans cater to different financial objectives.

Which Lifetime Income Endowment Plans are the most suitable for you?