AXA Retire Happy Review
The complete Pros and Cons on AXA Retire Happy
AXA Retire Happy product details
AXA Retire Happy Rating on InterestGuru.sg: [usr=3.75]
AXA Retire Happy Popularity on InterestGuru.sg: [usr=2.5]
- Life policy – Annuity
- Issuance age from 18 to 65 years old
- Attractive guaranteed returns of up to 2.75% p.a
- Available for cash and SRS
- Receive a guaranteed stream of income from your selected retirement age to pay for your retirement expenses
- Option to increase your guaranteed retirement income at 3.5% p.a. to cushion the effects of inflation
- Customise your retirement plan with a variety of payment options and retirement ages to suit your needs:
- 8 selected retirement ages
- 6 premium payment options
- 4 retirement income types
- Longevity Benefit lump sum at the end of policy term
- Guaranteed issuance, no medical examination needed
Read about: Why your retirement planning starts now
Read about: 3 best Retirement plans and Annuity policies in Singapore (2018 Edition) *Updated*
Read about: The Complete Guide to Retirement Planning (2018 Edition) *NEW*
Features of AXA Retire Happy at a glance
Cash and Cash Withdrawal Benefits
- Cash value: Yes
- Cash withdrawal benefits: No
Health and Insurance Coverage
- Death: Yes
- Total Permanent Disability: No
- Terminal Illness: Yes
- 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
- Premium Waiver rider
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 about: How can I accumulate a million dollar (Realistically)
Read about: Effects of compounding returns on your investments
AXA Retire Happy may be suitable if you are looking for
AXA Retire Happy may potentially be a good fit if the following matters to you:
- Regular cash payout for retirement
- 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
AXA Retire Happy may not suitable if you are looking for
AXA Retire Happy 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
- How is AXA or AXA Retire Happy investment returns based on historical performance?
- How does AXA Retire Happy compare with Endowment policy from other insurance companies?
- Can AXA Retire Happy fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on AXA Retire Happy. Talk to us or seek advice from a financial adviser before making any decision about AXA Retire Happy.
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 AXA Retire Happy suitable for me?
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