NTUC Income Gro Annuity Pro Review
The complete Pros and Cons on NTUC Income Gro Annuity Pro
With NTUC Income Gro Annuity Pro, you can build and protect your wealth from life’s uncertainties and enjoy a regular stream of income that will enable you to enjoy your golden years in comfort and ease.
NTUC Income Gro Annuity Pro product details
- Life policy – Annuity
- Single Premium.
- Lifetime annuity payouts.
- With lifetime annuity payouts, you can live the lifestyle you’ve looked forward to for so long.
- Choice of frequency for annuity payouts.
- Choose to receive your annuity payouts on a monthly, quarterly, half-yearly or yearly basis.
- Enhance your golden nest.
- Bonuses that are declared increase your annuity payouts so you can enjoy your desired retirement lifestyle.
- Receive protection as you save.
- NTUC Income Gro Annuity Pro provides you with coverage for death.
Read about: 3 Best Retirement Plans and Annuity Policies in Singapore (2023 Edition) *Updated*
Features of NTUC Income Gro Annuity Pro at a glance
Cash and Cash Withdrawal Benefits
- Cash value: Yes
- Cash withdrawal benefits: Yes
Health and Insurance Coverage
- Death: Yes
- Total Permanent Disability: N.A
- Terminal Illness: N.A
- Critical Illness: N.A
- Early Critical Illness: N.A
Health and Insurance Coverage Multiplier
- Death: N.A
- Total Permanent Disability: N.A
- Terminal Illness: N.A
- Critical Illness: N.A
- Early Critical Illness: N.A
Optional Add-on Riders
Yes
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.
Read about: How can I accumulate a million dollar (Realistically)
Read about: The Complete Guide to Retirement Planning in Singapore (2023 Edition)
NTUC Income Gro Annuity Pro may be suitable if you are looking for
NTUC Income Gro Annuity Pro may potentially be a good fit if the following matters to you:
- Regular cash payout upon your desired retirement age
- Single lump-sum premium with no future financial commitments
- Insurance options without medical underwriting
- To potentially generate higher financial returns compared to bank accounts
- Insurance policy with a high surrender value in the early years of the policy
Read about: When should you start making plans for retirement?
Read about: The effects of compounding returns on your savings
NTUC Income Gro Annuity Pro may not be suitable if you are looking for
NTUC Income Gro Annuity Pro 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
- Potentially higher financial returns compared to a pure investment product.
Read about: Why should you choose a shorter premium term on your insurance policies
Further considerations on NTUC Income Gro Annuity Pro
- How is NTUC Income or NTUC Income Gro Annuity Pro investment returns based on historical performance?
- How does NTUC Income Gro Annuity Pro compare with retirement plans and annuity policies from other insurance companies?
- Can NTUC Income Gro Annuity Pro fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features on NTUC Income Gro Annuity Pro. Talk to us or seek advice from a financial adviser before making any decision about NTUC Income Gro Annuity Pro.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering taking up.
Read about: 3 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 payouts will differ more than you think across insurance companies.
And even worst, to find out you can compare retirement plans and annuity policies here, 100% free of charge on the InterestGuru.sg platform.
Is NTUC Income Gro Annuity Pro 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.
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