Get advice
Endowment

Introduction

As Singaporeans face increasing life expectancy and rising costs of living, planning for retirement has become more crucial than ever. The Singlife Flexi Retirement II offers a flexible and customizable solution to help you secure your financial future. This innovative retirement savings plan provides a steady stream of income during your golden years, allowing you to retire with confidence and peace of mind. With its unique features and adaptable options, Singlife Flexi Retirement II empowers you to tailor your retirement plan according to your specific needs and goals.

Insurance Calculator

Find the right coverage in minutes

  • Accurate coverage estimates
  • Save time with instant results
  • Personalized recommendations

Type of Endowment Plan

Singlife Flexi Retirement II is a participating endowment plan that offers both guaranteed and non-guaranteed benefits. This means that policyholders can enjoy a guaranteed monthly income along with potential bonuses based on the performance of the participating fund. The plan provides flexibility in premium payment, allowing you to choose between a single premium option or regular premium payments over 5, 10, 15, 20, or 25 years. This versatility enables you to align your premium payments with your financial capabilities and long-term retirement goals. As a participating plan, it offers the potential for higher returns compared to non-participating plans, but it's important to note that non-guaranteed benefits are subject to market conditions and fund performance.

Coverage Customization

Singlife Flexi Retirement II offers a range of customizable features to help you tailor your retirement plan to your specific needs. From guaranteed benefits to potential bonuses, this plan provides various options to secure your financial future. Let's explore the key aspects of coverage customization available with this innovative retirement savings plan.

Guaranteed Maturity Benefit

100% Capital Guarantee. Your policy will have cash values of at least the total premiums paid at the end of the chosen Accumulation Period, provided all premiums are paid on time.

Non-guaranteed Bonuses

Potential for Growth. Look forward to potential bonuses, including a lump-sum payout at the end of the Accumulation Period (convertible to Additional Monthly Income) and a Monthly Cash Bonus during the Income Payout Period.

Historical Performance

Illustrated Returns. Based on an illustrated investment rate of return of 4.25% per annum, the plan can potentially provide significant returns. For example, a policy with S$207,255.25 in total premiums paid could yield S$436,800 in total payouts, representing 210% of premiums paid.

Factors Affecting Returns

Variable Outcomes. Actual benefits may vary based on the future performance of the participating fund. At a lower illustrated rate of 3% per annum, the total payout could be S$346,560, representing 167% of total premiums paid.

Fill in your details to get started

or

By filling this out, you agree to allow us to contact you about insurance related information.

Learn more

Riders and Additional Benefits

Singlife Flexi Retirement II offers a range of additional benefits and riders to enhance your coverage and provide extra protection during your retirement years. These options allow you to customize your plan further and address specific concerns you may have about your financial security. Let's explore the key riders and benefits available with this comprehensive retirement savings plan.

Premium Waiver Benefit

Financial Protection. If you become totally and permanently disabled, you won't need to pay premiums, ensuring your retirement savings plan remains intact during challenging times.

Terminal Illness Coverage

Lump Sum Payout. Receive a lump sum payout if you are diagnosed with a Terminal Illness, providing financial support when you need it most.

Singlife Care Income Plus Cover

Disability Protection. This optional rider offers additional coverage for disability and specified senior conditions, providing up to 100% of the Monthly Care Income if you're unable to perform at least 3 out of 6 Activities of Daily Living.

Senior Special Benefit

Extra Support. Receive 600% of the Monthly Care Income (up to S$15,000) as a lump sum if diagnosed with specific conditions like Accidental Major Fractures or Severe Rheumatoid Arthritis during the Care Income Benefit Period.

Surrender Value and Partial Withdrawals

Understanding the surrender value and partial withdrawal options of your Singlife Flexi Retirement II plan is crucial for managing your retirement savings effectively. These features provide flexibility in accessing your funds if needed, but it's important to be aware of any associated charges or limitations. Let's explore the key aspects of surrender value and partial withdrawals available with this retirement savings plan.

Surrender Value Calculation

Guaranteed Returns. The surrender value is guaranteed to be at least the total premiums paid for the basic plan at the end of the chosen Accumulation Period, provided all premiums are paid on time.

Withdrawal Options

Flexible Access. You have the option to withdraw the accumulated Reversionary Bonus in one lump sum at the end of the Accumulation Period or convert it into Additional Monthly Income for your retirement years.

Reinvestment Option

Growth Potential. If you don't need your retirement income immediately, you can choose to reinvest your monthly payout for potentially higher returns in the future, subject to prevailing non-guaranteed interest rates.

Claims and Customer Service

Singlife is committed to providing excellent customer service and a smooth claims process for Singlife Flexi Retirement II policyholders. To file a claim or seek assistance, you can contact Singlife's customer service team at (65) 6827 9933. Their dedicated representatives are available to guide you through the claims process and answer any questions you may have about your policy. For added convenience, you can also visit Singlife's website at singlife.com to access online resources, policy information, and claim forms. Singlife aims to process claims efficiently, ensuring you receive the support you need during your retirement years.

Fill in your details to get started

or

By filling this out, you agree to allow us to contact you about insurance related information.

Learn more

1170+

Suggestions Facilitated

11+

Insurance Brands Represented

154+

MAS Licensed Advisors

Conclusion

Singlife Flexi Retirement II is an excellent choice for individuals seeking a flexible and customizable retirement savings plan. This product is particularly well-suited for those who value the ability to tailor their retirement income to their specific needs, such as self-employed professionals looking to build a reliable nest egg. It's also ideal for individuals nearing retirement who want the option to adjust their income payout duration and start date. Additionally, those concerned about potential disability or senior health conditions may find the optional Singlife Care Income Plus Cover particularly appealing.