Tokio Marine TM Retirement PaycheckLife Review
The complete Pros and Cons on Tokio Marine TM Retirement PaycheckLife
Tokio Marine TM Retirement PaycheckLife product details
- Life policy – Annuity
- Pays a guaranteed monthly paychecks for life, starting from the selected retirement age
- Pays a non-guaranteed yearly bonus of up to 12 times the guaranteed monthly paycheck is payable on each policy anniversary for life
- Death coverage is provided
- Premium Payment Terms available: 5, 10 or 15 years
- Retirement Ages available: age 55, 60 or 65
- Guaranteed acceptance (no medical underwriting is required)
- Choice of Single Life or Joint Life applications
- Capital is guaranteed if it is held to maturity
Tokio Marine TM Retirement Pay check Life is a common search alternative for Tokio Marine TM Retirement PaycheckLife.
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Features of Tokio Marine TM Retirement PaycheckLife at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: No
Health and Insurance Coverage
Death: Yes
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
Cancer Waiver Rider
(Enhanced) Payer Benefit Rider
Additional Features and Benefits
Yes.
For further information and details, refer to Tokio Marine website. Alternatively, fill up the form below and let us advise accordingly.
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Tokio Marine TM Retirement PaycheckLife may be suitable if you are looking for
Tokio Marine TM Retirement PaycheckLife may potentially be a good fit if the following matters to you:
- Lifetime 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
Tokio Marine TM Retirement PaycheckLife may not suitable if you are looking for
Tokio Marine TM Retirement PaycheckLife 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 Tokio Marine TM Retirement PaycheckLife
- How is Tokio Marine or Tokio Marine TM Retirement PaycheckLife investment returns based on historical performance?
- How does Tokio Marine TM Retirement PaycheckLife compare with Endowment policy from other insurance companies?
- Can Tokio Marine TM Retirement PaycheckLife fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Tokio Marine TM Retirement PaycheckLife. Talk to us or seek advice from a financial adviser before making any decision about Tokio Marine TM Retirement PaycheckLife.
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 Tokio Marine TM Retirement PaycheckLife suitable for me?
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