Aviva MyRetirement Review
The complete Pros and Cons on Aviva MyRetirement
Aviva MyRetirement has been phased out and replaced with Singlife Flexi Retirement. For further information and details about this plan, fill up the form below and let us advise you accordingly.
Aviva MyRetirement product details
Aviva MyRetirement Rating on InterestGuru.sg: [usr=3.28]
Aviva MyRetirement Popularity on InterestGuru.sg: [usr=2.77]
Read about: The Aviva MyRetirement series of retirement products (update 2023)
Read about: The Complete Guide to Retirement Planning (2023 Edition) *NEW*
- Life policy – Annuity
- Monthly Guaranteed Retirement Income for 10 years starts just one month after your chosen Retirement Age
- Capital guaranteed so you can get all your premiums back to support your retirement
- Guaranteed returns of up to 2.38% per annum
- Choice of Retirement Age – 50, 55, 60, 65, 70 or 75 Age Next Birthday (ANB)
- Choice of premium payment term – 8 years, 10 years, or affordable regular payment (up to 5 years before your selected retirement age)
Aviva My Retirement is a common search alternative for Aviva MyRetirement.
Read about: Why your retirement planning starts now
Read about: 3 best Retirement plans and Annuity policies in Singapore (2023 Edition) *Updated*
Features of Aviva MyRetirement at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: No
Health and Insurance Coverage
Death: NA
Total Permanent Disability: NA
Terminal Illness: NA
Critical Illness: NA
Early Critical Illness: NA
Health and Insurance Coverage Multiplier
Death: NA
Total Permanent Disability: NA
Terminal Illness: NA
Critical Illness: NA
Early Critical Illness: NA
Optional Add-on Riders
Cancer Premium Waiver
EasyTerm
EasyPayer Premium Waiver
Critical Illness Premium Waiver
Payer Critical Illness Premium Waiver
Additional Features and Benefits
Yes.
For further information and details, refer to Aviva website. Alternatively, fill up the form below and let us advise accordingly.
Read about: How can I accumulate a million dollar (Realistically)
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Aviva MyRetirement may be suitable if you are looking for
Aviva MyRetirement may potentially be a good fit if the following matters to you:
- Regular cash payout
- Saving regularly over a period of time
- Insurance options without medical underwriting
- Do not need access to the funds until retirement
- To potentially generate higher financial returns compared to bank accounts
Aviva MyRetirement may not be suitable if you are looking for
Aviva MyRetirement 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 Aviva MyRetirement
- How is Aviva or Aviva MyRetirement investment returns based on historical performance?
- How does Aviva MyRetirement compare with Endowment policy from other insurance companies?
- Can Aviva MyRetirement fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Aviva MyRetirement. Talk to us or seek advice from a financial adviser before making any decision about Aviva MyRetirement.
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 products features, benefits and payout will differ more than you think across insurance companies.
And even worse, to know you can compare retirement plans and annuity policies here, 100% free of charges on the InterestGuru.sg platform.
Is Aviva MyRetirement 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.
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