Great Eastern GREAT Retire Income Review
The complete Pros and Cons on Great Eastern GREAT Retire Income
Great Eastern GREAT Retire Income is a participating endowment plan, gives you a cash payout plus a potential cash bonus every month. You can choose your premium term, retirement age, and how long you want to receive payouts.
Great Eastern GREAT Retire Income product details
- Life policy – Annuity
- Pay premiums for 5, 10, 15 or 20 years.
- Choose when you want to retire and get monthly cash payouts and potential bonuses when you reach your selected retirement age. The total retirement income benefits will potentially reach 5X the total premiums paid5 at policy maturity.
- Receive additional monthly payouts if you are unable to perform two or more Activities of Daily Living (ADLs) during the payout period.
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Features of Great Eastern GREAT Retire Income at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes
Health and Insurance Coverage
Death: No
Total Permanent Disability: No
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 Great Eastern website. Alternatively, fill up the form below and let us advise accordingly.
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Great Eastern GREAT Retire Income may be suitable if you are looking for
Great Eastern GREAT Retire Income 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
Great Eastern GREAT Retire Income may not suitable if you are looking for
Great Eastern GREAT Retire Income 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 Great Eastern GREAT Retire Income
- How is Great Eastern or Great Eastern GREAT Retire Income investment returns based on historical performance?
- How does Great Eastern GREAT Retire Income compare with Endowment policy from other insurance companies?
- Can Great Eastern GREAT Retire Income fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Great Eastern GREAT Retire Income. Talk to us or seek advice from a financial adviser before making any decision about Great Eastern GREAT Retire Income.
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.
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Is Great Eastern GREAT Retire Income suitable for me?
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