NTUC Income Luxe Solitaire Review

The complete Pros and Cons on NTUC Income Luxe Solitaire

NTUC Income Luxe Solitaire is a legacy annuity plan that pays you monthly cash from the end of the 2nd year onwards till age 120 with a single premium.

Build a legacy for your loved one by assigning a secondary life assured so that he/she can continue enjoying the benefits of the policy after you’ve passed on.

NTUC Income Luxe Solitaire product details

  • Life policy – Annuity
  • Single Premium Term
    • Pay a single lump-sum premium
  • Monthly Cash Payouts
    • Monthly cash payouts from the end of the 2nd year onwards till age 120
    • Spend these payouts as you wish or accumulate them at up to 3.25% per annum
  • Death & Terminal Illness Coverage
    • Be covered 105% of net single premium paid + non-guaranteed bonuses less any payouts
  • Secondary Life Assured
    • You can appoint a secondary life assured to carry on enjoying the benefits of the policy should death occur
  • Maturity Benefit
    • Lump-sum maturity payout upon age 120 of the original life assured

Read about:  Why your retirement planning starts now

Read about4 best Retirement plans and Annuity policies in Singapore (2021 Edition) *Updated*

Features of NTUC Income Luxe Solitaire at a glance

Cash and Cash Withdrawal Benefits

Cash value: Yes
Cash withdrawal benefits: Yes

Health and Insurance Coverage

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

Health and Insurance Coverage Multiplier

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

Optional Add-on Riders

NA

Additional Features and Benefits

Yes.

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

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NTUC Income Luxe Solitaire may be suitable if you are looking for

NTUC Income Luxe Solitaire may potentially be a good fit if the following matters to you:

  • Lifetime monthly cash payout till age 120
  • A one-time premium commitment with no further cash commitment
  • Insurance options without medical underwriting
  • Leaving a legacy for your loved ones to benefit from
  • Lump-sum payout upon maturity at age 120 of original life assured
  • To potentially generate higher financial returns compared to bank accounts

NTUC Income Luxe Solitaire may not be suitable if you are looking for

NTUC Income Luxe Solitaire 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
  • Potentially higher financial returns compared to a pure investment product.
  • Insurance policy with a high surrender value in the early years of the policy.

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

Further considerations on NTUC Income Luxe Solitaire

  • How is NTUC Income or NTUC Income Luxe Solitaire investment returns based on historical performance?
  • How does NTUC Income Luxe Solitaire compare with Annuity policies from other insurance companies?
  • Can NTUC Income Luxe Solitaire fulfill my financial, insurance, health, and protection needs?

The above information may not fully highlight all the product details and features on NTUC Income Luxe Solitaire. Talk to us or seek advice from a financial adviser before making any decision about NTUC Income Luxe Solitaire.

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?

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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Before you go...
NTUC Income Luxe Solitaire 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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