Salary Increase in Retirement
Want to enjoy an income that will increase with bonuses in most years?
This means that you will still get annual salary increase even though you are in your retirement days! This long-term contract makes this possible as it is invested in bonds and financial instruments to give a constant yield. Now with NTUC Income Guaranteed Life Annuity, you can with much more!
Stable Returns
Have a peace of mind because your annuity payments will never be reduced unlike the bank interest that fluctuates. Therefore you will enjoy high and higher payments for the rest of your life.
Income for Life
This policy is the only financial instrument that will assure you an income for a lifetime even if you live to a ripe old age of 100 or more!
There is a choice of our immediate and deferred basis. For the deferred mode, the higher of single premium or 97% of single premium accumulated with interest and bonuses will be paid to you if your surrender your policy or should premature death occurs. Interest rate is at 2.5% p.a. (guaranteed) for death and 2% (guaranteed) for surrender.
After annuity commences, surrender or death benefit will be single premium with interest 2.5% (guaranteed for death only) and bonuses accumulated during the deferred period less total annuity paid.
More Annuitants choose NTUC Income
We have become today’s leader of annuities with a large market to share as we are trusted by people to provide them high incomes for life.
Example
An investment of $10000 at age 62, the following monthly annuity amounts assuming a bonus of 2.75%* per annum is what you will receive.
Age |
Male |
Female |
At age 62 |
$445.60 |
$416.80 |
At age 67 |
$510.35 |
$477.35 |
At age 72 |
$584.45 |
$546.70 |
At age 77 |
$669.40 |
$626.10 |
Total amount received |
End of 10 Years |
$60,599.40 |
$56,681.40 |
End of 15 Years |
$97,650.00 |
$91,338.00 |
In comparison, assuming you save in a bank that pays an interest of 2% p.a., your savings will be fully withdrawn in 16 years if the same annuity amount assumed in the table is withdrawn.
For as long as you live, our annuity will keep on paying you and your yearly salary will increase as well!
* Bonus rate is not guaranteed
As the rates used for the benefits illustrated above are not guaranteed, the actual benefits payable may vary according to the future experience of the fund.
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