NTUC Income Gro Cash Flex Pro Review
The complete Pros and Cons on NTUC Income Gro Cash Flex Pro
NTUC Income Gro Cash Flex Pro is a flexible insurance savings plan that gives you yearly cash payouts from the end of the 2nd policy year. Choose to withdraw anytime you want to fund your goals or accumulate it.
NTUC Income Gro Cash Flex Pro product details
- Life policy – Annuity
- Flexible choice of premium and policy terms.
- Choose from premium term of 5 to 30 years (in blocks of 5 years).
- Choose from policy term of 10 years to till age 120.
- Yearly cash payouts from the end of the 2nd policy year.
- Receive yearly cash benefits of 3% of the sum assured and non-guaranteed yearly cash bonuses.
- You may also have the option of choosing monthly cash benefits.
- Capital guaranteed upon maturity.
- Get back all the premiums you’ve paid upon maturity.
- Option to accumulate or enjoy your cash payouts.
- The policy pays a lump sum in the event of death or terminal illness of the person insured.
- Choose to receive or accumulate cash benefits
- Choose to receive your cash payouts and spend it however you like or accumulate it to receive interest at a rate of up to 3.00% p.a.
- Continuity of wealth accumulation with a secondary insured.
- You can appoint your loved one as a secondary insured so your policy can continue in the event of death of the insured.
- Protection in the case of death or terminal illness.
- Provides coverage so that there is peace of mind that your loved ones are taken care of in the unfortunate event of the insured’s death or diagnosis of terminal illness.
- Guaranteed issuance.
- Enjoy hassle-free application with guaranteed acceptance. There is no need for any medical check-up.
Read about: 3 Best Retirement Plans and Annuity Policies in Singapore (2023 Edition) *Updated*
Features of NTUC Income Gro Cash Flex 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: Yes
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
Savings Protector Pro
Cancer Premium Waiver (GIO)
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 Cash Flex Pro may be suitable if you are looking for
NTUC Income Gro Cash Flex Pro may potentially be a good fit if the following matters to you:
- Regular cash payout upon your desired retirement age
- Saving regularly over a period of time (5 to 30 years)
- 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 Cash Flex Pro may not be suitable if you are looking for
NTUC Income Gro Cash Flex 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 Cash Flex Pro
- How is NTUC Income or NTUC Income Gro Cash Flex Pro investment returns based on historical performance?
- How does NTUC Income Gro Cash Flex Pro compare with retirement plans and annuity policies from other insurance companies?
- Can NTUC Income Gro Cash Flex 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 Cash Flex Pro. Talk to us or seek advice from a financial adviser before making any decision about NTUC Income Gro Cash Flex 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 Cash Flex Pro suitable for me?
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