AXA Retire Happy Plus II Review

The complete Pros and Cons on AXA Retire Happy Plus II

AXA Retire Happy Plus II is featured for lifetime payout benefits in our 3 Best Increasing/ Inflation-proof Retirement Plans in Singapore (2020 Edition)

AXA Retire Happy Plus II is featured for lifetime inflation-proofed payout benefits in our 3 Best SRS Retirement Plans in Singapore (2020 Edition)

AXA Retire Happy Plus II product details

  • Life policy – Annuity
  • Guaranteed and Non-Guaranteed Payouts
    • Enjoy Guaranteed return rates up to 2.67% per annum
    • Enjoy up Non-Guaranteed return rates up to 2.12% per annum
  • Choice of Premium Terms
    • Choose your Premium Payment terms from 5, 10, 15, 20, or 25 years or a Single Premium
    • Choose your Payout Period of 15 years, 20 years or a lifetime (age 99)
  • Choice of Retirement Age
    • Choose to retire at ages 50, 55, 60, 61, 62, 63, 64, 65, or 70
  • Inflation Payout Option
    • You can choose to increase your guaranteed retirement income to 3.5% per annum to fight inflation
  • Coverage
    • Receive additional 5x of your selected retirement income to cover you against Total and Permanent Disability
  • Optional Add-ons
    • Additional riders available to waive premiums in the event of disability, unexpected retrenchment, or critical illness
  • Guaranteed Approval
    • Enjoy hassle-free application with no medical checks required

AXA Retire Happy Plus II is an SRS-approved retirement annuity plan.

Read about: The Complete Guide to Retirement Planning (2020 Edition) *NEW*

Read about: 3 Best Retirement Plans for increasing/ inflation-proof payout (2020 Edition) *NEW*

Features of AXA Retire Happy Plus II at a glance

Cash and Cash Withdrawal Benefits

  • Cash value: Yes
  • Cash withdrawal benefits: No

Health and Insurance Coverage

  • Death: No
  • Total Permanent Disability: No
  • Terminal Illness: No
  • Critical Illness: No
  • Early Critical Illness: No

Health and Insurance Coverage Multiplier

  • Death: No
  • Total Permanent Disability: Yes
  • Terminal Illness: No
  • Critical Illness: No
  • Early Critical Illness: No

Optional Add-on Riders

  • PremiumEraser Total
  • Premium Waiver (UN)
  • Premium Waiver (CIUN)

Additional Features and Benefits

Yes.

For further information and details, refer to AXA website. Alternatively, fill-up the form below and let us advise accordingly.

Read about3 things to consider before taking up a new financial product

Read aboutEffects of compounding returns on your investments

AXA Retire Happy Plus II may be suitable if you are looking for

AXA Retire Happy Plus II may potentially be a good fit if the following matters to you:

  • Regular cash payout during your retirement
  • Saving regularly over a period of time or via a single lump sum
  • Insurance options without medical underwriting
  • Do not need access to the funds until retirement
  • To potentially generate higher financial returns compared to bank accounts

Read about:  Why your retirement planning starts now

AXA Retire Happy Plus II may not suitable if you are looking for

AXA Retire Happy Plus II may potentially be a bad fit if the following matters to you:

  • Health and Protection coverage
  • High insurance coverage for Death or Terminal Illness
  • Insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
  • Lump sum payout upon maturity
  • A one-time premium commitment with no further cash commitment
  • Potentially higher financial returns compared to a pure investment product.
  • Insurance policy with a high surrender value in the early years of the policy.

Further considerations on AXA Retire Happy Plus II

  • How is AXA or AXA Retire Happy Plus II investment returns based on historical performance?
  • How does AXA Retire Happy Plus II compare with Endowment policy from other insurance companies?
  • Can AXA Retire Happy Plus II fulfill my financial, insurance, health, and protection needs?

The above information may not fully highlight all the product details and features on AXA Retire Happy Plus II. Talk to us or seek advice from a financial adviser before making any decision about AXA Retire Happy Plus II.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.

Where can I compare the payout and benefits of retirement plans and annuity policies?

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It is too late to regret once you have made your financial commitment. Specific product features, benefits, and payouts will differ more than you think across insurance companies.

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Before you go...
AXA Retire Happy Plus II may be a good fit towards your current financial goals. However, there could be way more plans out there with features and/ or benefits that could be more relevant to you at a lower cost.
Drop us a message and find out about customised options across multiple insurance companies. You deserve to get the best out of your hard-earned savings!
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