TM Protect 1
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Are you worried about saving enough for retirement? Do you wish you could start seeing returns on your savings sooner rather than later? If so, Tokio Marine's TM Nest Egg (II) (CashBack 8/10) might be the solution you've been looking for. This unique savings plan allows you to fast-track your retirement savings and enjoy guaranteed payouts after just two years . Let's dive into the details of this innovative product and see if it's the right fit for your financial future.
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TM Nest Egg (II) (CashBack 8/10) is a short-term savings plan designed to help you jumpstart your retirement savings . Unlike traditional long-term savings plans, this product allows you to save for just two years and then start receiving guaranteed yearly payouts. It's an excellent option for those who want to see quick returns on their investment while still planning for the future.
Save for just 2 years
Enjoy guaranteed yearly payouts for 8 or 10 years
Receive your first guaranteed yearly payout on the 2nd policy anniversary
Be covered with a death benefit as you save
Guaranteed issuance with no medical underwriting required (for ages 70 and below)
You choose the plan that best fits your needs and save for two years. After that, you start receiving your guaranteed yearly payouts. It's that simple!
Guaranteed Yearly Payout: 8% of the Sum Assured
Number of Guaranteed Yearly Payouts: 8
Guaranteed Yearly Payout: 10% of the Sum Assured
Number of Guaranteed Yearly Payouts: 10
With TM Nest Egg (II) (CashBack 8/10), you don't have to wait decades to see returns on your investment. By saving for just two years, you can start enjoying guaranteed yearly payouts as soon as your second policy anniversary .
The plan offers an attractive return of up to 2.72% per annum (based on an illustrated investment rate of return of 4.25% p.a.). Even at a lower illustrated investment rate of 3.00% p.a., you can still expect returns of up to 1.45% p.a.
When you receive your guaranteed yearly payout, you have two options: a) Withdraw the money to use as you see fit, or b) Reinvest it with Tokio Marine to earn additional interest.
Upon maturity, you'll receive a guaranteed benefit of up to 140% of the Sum Assured .
In addition to the guaranteed maturity benefit, you may also receive a non-guaranteed bonus, potentially boosting your total payout.
The plan provides a death benefit equivalent to 101% of the total annual premiums paid , regardless of how many payouts you've already received.
If you're aged 70 or below, you can apply for this plan without any medical underwriting .
As you can see, in both scenarios, Dennis receives more than he paid in premiums, even before considering the non-guaranteed bonus.
Sum Assured: S$10,300
Annual Premium: S$10,028 (paid for 2 years)
Total Guaranteed Yearly Payout: S$6,592 (8% of Sum Assured for 8 years)
Guaranteed Maturity Benefit: S$12,360
Non-Guaranteed Bonus: S$5,253 (at 4.25% p.a. illustrated investment rate)
Total Maturity Benefit: S$17,613
Total Payout: S$24,205
Sum Assured: S$8,000
Annual Premium: S$10,000 (paid for 2 years)
Total Guaranteed Yearly Payout: S$8,000 (10% of Sum Assured for 10 years)
Guaranteed Maturity Benefit: S$11,200
Non-Guaranteed Bonus: S$6,480 (at 4.25% p.a. illustrated investment rate)
Total Maturity Benefit: S$17,680
Total Payout: S$25,680
Short savings period (only 2 years)
Quick returns (payouts start after 2 years)
Guaranteed yearly payouts
Attractive potential returns
Death benefit protection
No medical underwriting required (for ages 70 and below)
Flexibility to withdraw or reinvest payouts
Non-guaranteed bonuses depend on fund performance
May not be suitable for those seeking very long-term savings plans
Limited flexibility in premium payment (only 2 years)
This plan might be a good fit if you:
However, it may not be suitable if you:
While TM Nest Egg (II) (CashBack 8/10) offers many attractive features, it's important to remember:
TM Nest Egg (II) (CashBack 8/10) offers a unique opportunity to fast-track your retirement savings with guaranteed payouts starting after just two years . Its combination of a short savings period, guaranteed returns, and flexibility make it an attractive option for many savers. However, as with any financial product, it's important to carefully consider your personal needs and circumstances before making a decision.
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