NTUC Income Wealth Solitaire Review

*NOTE: NTUC Income VivoWealth Solitaire has been renamed to NTUC Income Wealth Solitaire

NTUC Income Wealth Solitaire is a lifetime insurance that provides monthly cash payouts with just a single premium. Receive monthly cash payouts starting from the 6th policy year till age 100.

NOTE: NTUC Income Wealth Solitaire has been phased out and replaced with NTUC Income Luxe Solitaire.

NTUC Income Wealth Solitaire product details

NTUC Income Wealth Solitaire is featured for lifetime income payout/ legacy features in our 3 Best Lifetime Endowment Savings Plans in Singapore (2023 Edition)

NTUC Income Wealth Solitaire Rating on InterestGuru.sg: [usr=3.45]
NTUC Income Wealth Solitaire Popularity on InterestGuru.sg: [usr=3.88]

• Life policy – Annuity
• Single premium
• Covers:
  • Death and total and permanent disability: Pays 105% of all net premiums paid (excluding premiums paid on the riders) and a terminal bonus in the event of death or total and permanent disability (TPD before age 70)
  • Accidental death and accidental total and permanent disability before age 70: Receive an additional 105% of the net single premium paid if death and total and permanent disability before age 70 are due to an accident (within 365 days of the accident). If the accident happened during a restricted activity, we only pay an additional 63% of the net single premium paid, on top of the death benefit or TPD benefit respectively
• Receive monthly cash payouts starting from the 6^th policy year till age 100. Over a year, these cash payouts can add up to 4.2% of your net single premium (of which 1.56% is guaranteed and 2.64% is non-guaranteed). You can choose to spend it as you wish or accumulate it with us at an interest rate of up to 3.5% p.a
• Receive a guaranteed special cash benefit equivalent to 1.56% of your net single premium at the start of the 21^st and 31^st policy year. The special cash benefit is paid on top of the monthly cash payout
• Receive 105% of the net single premium paid and a non-guaranteed terminal bonus, at the point of policy maturity when the insured reaches 100 years old
• Your policy will be accepted regardless of your health condition

NTUC Income Wealth Solitaire is featured in our 3 best lifetime saving plans (2023 Edition) *Updated*

Read about:  Why your retirement planning starts now

Read about: 3 best Retirement plans and Annuity policies in Singapore (2023 Edition) *Updated*

Features of NTUC Income Wealth 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: Yes
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 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 (2023 Edition) *NEW*

NTUC Income Wealth Solitaire may be suitable if you are looking for

NTUC Income Wealth Solitaire may potentially be a good fit if the following matters to you:

• Lifetime regular cash payout
• Saving regularly over a period of time
• A one-time premium commitment with no further cash commitment
• Insurance options without medical underwriting
• Do not need access to the funds until retirement
• To potentially generate higher financial returns compared to bank accounts

NTUC Income Wealth Solitaire may not be suitable if you are looking for

NTUC Income Wealth Solitaire 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
• 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: 3 things to consider before taking up a new financial product

Further considerations on NTUC Income Wealth Solitaire

• How is NTUC Income or NTUC Income Wealth Solitaire investment returns based on historical performance?
• How does NTUC Income Wealth Solitaire compare with Endowment policy from other insurance companies?
• Can NTUC Income Wealth Solitaire fulfill my financial, insurance, health, and protection needs?

The above information may not fully highlight all the product details and features on NTUC Income Wealth Solitaire. Talk to us or seek advice from a financial adviser before making any decision about NTUC Income Wealth Solitaire.

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 product features, benefits, and payouts will differ more than you think across insurance companies.

And even worse, to know you can compare retirement plans and annuity policies here,  100% free of charges on the InterestGuru.sg platform.

Is NTUC Income Wealth Solitaire suitable for me?

Contact InterestGuru using the form below and a licensed financial adviser will advise you accordingly, based on your financial profile and protection needs.

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Before you go...

NTUC Income Wealth Solitaire may be a good fit towards your current financial goals. However, there could be way more plans out there with features and/ or benefits that could be more relevant to you at a lower cost.

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