China Taiping i-Retire II Review
The complete Pros and Cons on China Taiping i-Retire II
China Taiping i-Retire II is a retirement annuity plan that pays guaranteed and non-guaranteed monthly income upon your chosen retirement age. Enjoy additional benefits to protect you against severe disability.
China Taiping i-Retire II product details
- Life policy – Annuity
- Flexible Premium Term
- Choose to pay a Single Premium or over 5, 10 or 15 years
- Flexible Accumulation Period
- Choose an accumulation period between 5 and 25 years
- Flexible Income Payout Term
- Choose to receive retirement income for 10, 20 or 30 years after the end of the accumulation period
- Loss of Independence Benefit
- You will receive 24 months of your chosen guaranteed retirement income in the event you become severely disabled
- 100% Capital Guaranteed
- Capital is guaranteed upon the start of retirement income payout
- Ease of Application
- Enjoy guaranteed acceptance, no medical checks needed
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Features of China Taiping i-Retire II at a glance
Cash and Cash Withdrawal Benefits
- Cash value: Yes
- Cash withdrawal benefits: Yes
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
Nil
Additional Features and Benefits
Yes
For further information and details, refer to China Taiping website. Alternatively, fill up the form below and let us advise accordingly.
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China Taiping i-Retire II may be suitable if you are looking for
China Taiping i-Retire II may potentially be a good fit if the following matters to you:
- Regular cash payout upon your desired retirement age
- High non-guaranteed bonuses in a retirement annuity policy
- 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
- Future premium waiver in the event you become totally and permanently disabled
China Taiping i-Retire II may not be suitable if you are looking for
China Taiping i-Retire II 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
- 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.
Read about: Why should you choose a shorter premium term on your insurance policies
Further considerations on China Taiping i-Retire II
- How is China Taiping or China Taiping i-Retire II investment returns based on historical performance?
- How does China Taiping i-Retire II compare with retirement plans and annuity policies from other insurance companies?
- Can China Taiping i-Retire II fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features on China Taiping i-Retire II. Talk to us or seek advice from a licensed financial adviser before making any decision about China Taiping i-Retire II.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering taking up.
Read about: 4 best Retirement plans and Annuity policies in Singapore (2023 Edition) *Updated*
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 payout will differ more than you think across insurance companies.
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Is China Taiping i-Retire II suitable for me?
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