FWD Life Income Plus is a participating whole-of-life annuity plan that provides a continuous income stream for you and your next generations.
FWD Life Income Plus product details
- Life policy – Annuity
- 3 premiums term to choose from
- Single premium, 3 years, 5 years or 10 years.
- Guaranteed Special Benefit payout
- Get rewarded early with a Guaranteed Special Benefit valued at 6% of your policy’s sum insured at the 25th policy month.
- Continuous passive income payouts
- Receive cash benefits on a yearly or monthly basis after the 3rd policy year.
- Death and Terminal Illness Coverage
- The policy pays a lump sum in the event of death or terminal illness of the person insured.
- Choose to receive or accumulate cash benefits
- Enjoy the flexibility of choosing whether to receive or accumulate your cash benefits.
- Policy assignment
- You can gift the benefits and all the rights under your policy to someone else through an assignment. After policy assignment, cash benefits will be paid to the new policy owner.
- Change of person insured
- Changing the person insured provides you with the flexibility to leave your legacy to your loved ones or future generations.
- Secondary person insured
- With a secondary person insured, you can appoint your loved ones to continue the policy coverage in the event that the active person insured passes on.
Read about: 3 Best Retirement Plans and Annuity Policies in Singapore
Features of FWD Life Income Plus at a glance
Cash and Cash Withdrawal Benefits
- Cash value: Yes
- Cash withdrawal benefits: Yes
Health and Insurance Coverage
- Death: Yes
- Total Permanent Disability: N.A
- Terminal Illness: Yes
- Critical Illness: N.A
- Early Critical Illness: N.A
Health and Insurance Coverage Multiplier
- Death: N.A
- Total Permanent Disability: N.A
- Terminal Illness: N.A
- Critical Illness: N.A
- Early Critical Illness: N.A
Optional Add-on Riders
Yes
Additional Features and Benefits
Yes.
For further information and details, refer to FWD website. Alternatively, fill up the form below and let us advise accordingly.
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FWD Life Income Plus may be suitable if you are looking for
FWD Life Income Plus may potentially be a good fit if the following matters to you:
- Regular cash payout upon your desired retirement age
- Saving regularly over a period of time or
- Single lump-sum premium with no future financial commitments
- Insurance options without medical underwriting
- To potentially generate higher financial returns compared to bank accounts
- Insurance policy with a high surrender value in the early years of the policy
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FWD Life Income Plus may not be suitable if you are looking for
FWD Life Income Plus may potentially be a bad fit if the following matters to you:
- Health and Protection coverage
- High insurance coverage for Death or Terminal Illness
- High insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
- Potentially higher financial returns compared to a pure investment product.
Read about: Why should you choose a shorter premium term on your insurance policies
Further considerations on FWD Life Income Plus
- How is FWD or FWD Life Income Plus investment returns based on historical performance?
- How does FWD Life Income Plus compare with retirement plans and annuity policies from other insurance companies?
- Can FWD Life Income Plus fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features on FWD Life Income Plus. Talk to us or seek advice from a financial adviser before making any decision about FWD Life Income Plus.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering taking up.
Read about: 3 Best Retirement plans and Annuity Policies in Singapore
Where can I compare the payout and benefits of retirement plans and annuity policies?
Your retirement plans are meant to supplement your lifestyle and expenses in your golden years. Ensure your retirement plans matches the financial goal and objective you wish to achieve when you decided to talk a step back in life.
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.
And even worst, to find out you can compare retirement plans and annuity policies here, 100% free of charge on the InterestGuru.sg platform.
Is FWD Life Income Plus suitable for me?
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