FWD Life Income Plus Review

The complete Pros and Cons on FWD Life Income Plus

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 about3 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.

Read aboutHow can I accumulate a million dollar (Realistically)

Read about: The Complete Guide to Retirement Planning in Singapore 

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

Read about:  When should you start making plans for retirement?

Read aboutThe effects of compounding returns on your savings

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 about3 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.

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Matching your profile…

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Your gender is:

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Understanding your retirement needs…

Your expected monthly retirement income and retirement age will determine the insurance premium payable.

You plan to save for a period of:

Your desired monthly income upon retirement:

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Finding you the best retirement income plan...

Choose the starting payout age of your retirement income plan (currently only available for age 65).

Your retirement income payout age:

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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?

Contact InterestGuru using the form below. Our panel of licensed financial advisers will advise accordingly, based on your financial profile and protection needs.

All financial reviews and proposals provided are 100% free of charge. There will be no obligation to take up any proposed financial products or services in any way.

*For a limited time, get attractive incentives when you take up any products that is proposed by our team of financial planners.

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3 easy steps for your customised retirement income plan based on your financial needs.
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Step 1: Getting to know you…

Let's start with your personal profile. Please note that your current age and gender will affect the insurance premium payable for your retirement plan.

Name:

Gender:

Birthdate:

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Step 2: Understanding your retirement needs…

Please select your desired retirement income and the payout age for your retirement plan from the selections below:

What is your ideal monthly retirement income?

What is your ideal retirement age?

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Before you go...
FWD Life Income Plus 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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