NTUC Income Wealth Plus Solitaire Review
The complete Pros and Cons on NTUC Income Wealth Plus Solitaire
Receive a lifetime of monthly income for a single premium payment with NTUC Income Wealth Plus Solitaire. Appoint a secondary life insured to enjoy the remainder of your policy should you pass on before reaching age 120.
NTUC Income Wealth Plus Solitaire product details
- Life policy – Endowment and Saving policy
- Single Premium Policy
- Pay a Single Premium and enjoy the policy’s coverage and benefits up till age 120
- Monthly Cash Payouts
- Receive monthly cash payouts from the end of the 4th policy year
- Receive up to 3.75% of the single premium paid per year consisting of Guaranteed 0.864% and Non-Guaranteed 2.886%
- Spend these payouts as you wish or reinvest them at up to 3.0% per annum
- Secondary Life Insured
- Leave a legacy for your loved one by appointing them as the secondary life assured
- The secondary life insured will enjoy monthly payouts until your 120th birthday
- Death or Terminal Illness Coverage
- Be covered against Death and Terminal Illness the sum of 105% of the single premium paid and a non-guaranteed terminal bonus
- Maturity Benefit – upon reaching age 120
- Receive 120% of the single premium paid and a non-guaranteed terminal bonus
- Ease Of Application
- Guaranteed acceptance with no health or medical checks are required to take up this policy
Read about: Why your retirement planning starts now
Read about: Effects of compounding returns on your investments
Features of NTUC Income Wealth Plus Solitaire 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 NTUC Income website. Alternatively, fill up the form below and let us advise accordingly.
Read About: Effects of compounding returns
Read About: 3 things to consider before taking up a new financial product
NTUC Income Wealth Plus Solitaire may be suitable if you are looking for
NTUC Income Wealth Plus Solitaire may potentially be a good fit if the following matters to you:
- A hassle-free application without medical underwriting
- A one-time premium commitment with no further cash commitment
- Monthly regular cash payout up till age 120
- To potentially generate higher financial returns compared to bank accounts
- Leaving a legacy for your loved one(s)
- Whole life savings plan with insurance coverage against Death and Terminal Illness
NTUC Income Wealth Plus Solitaire may not be suitable if you are looking for
NTUC Income Wealth Plus Solitaire may potentially be a bad fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your Insurance policy
- High insurance coverage for Death or Terminal Illness
- Insurance coverage for Early Critical Illness, Critical Illness or Total and Permanent Disability
- 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 NTUC Income Wealth Plus Solitaire
- How are NTUC Income or NTUC Income Wealth Plus Solitaire investment returns based on historical performance?
- How does NTUC Income Wealth Plus Solitaire compare with Endowment policies from other insurance companies?
- Can NTUC Income Wealth Plus Solitaire fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features of NTUC Income Wealth Plus Solitaire. Talk to us or seek advice from a financial adviser before making any decision about NTUC Income Wealth Plus Solitaire.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering taking up.
Is NTUC Income Wealth Plus Solitaire suitable for me?
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