Endowment

TM Nest Egg (II) (FlexiSaver): Your Path to Financial Security and Dream Fulfillment

Have you ever dreamed of having a steady stream of income to support your lifestyle, fund your child's education, or kickstart your business venture? If so, you're not alone. Many Singaporeans are looking for ways to secure their financial future while working towards their life goals. That's where TM Nest Egg (II) (FlexiSaver) comes in - a unique savings plan designed to help you reach your dreams with a sound action plan.

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What is TM Nest Egg (II) (FlexiSaver)?

TM Nest Egg (II) (FlexiSaver) is a limited pay, participating endowment plan offered by Tokio Marine Life Insurance Singapore Ltd. It's designed to provide you with a steady stream of monthly cashflow during a payout period that you choose. This means you don't have to wait until the end of the policy term to access your money - you can start receiving payouts as soon as your premium payments are complete.

Key Features That Make TM Nest Egg (II) (FlexiSaver) Stand Out

Flexibility

You have the power to design your savings plan to suit your specific needs. You decide:br>- The amount of guaranteed cash payout you want to receivebr>- How long you want to pay your premiums (5, 10, or 15 years)br>- When you want to start receiving your monthly payouts after premium payments stop (0 to 15 years)br>- How long you want to receive your payouts (10, 15, or 20 years)

Liquidity

Enjoy regular rewards from your savings with a monthly cash benefit. This benefit consists of:br>- A guaranteed cash payoutbr>- A non-guaranteed dividendbr>If you don't need the cash immediately, you have the option to reinvest it with Tokio Marine for potentially higher returns.

Capital Preservation

100% of your annual premiums paid is guaranteed upon the start of your monthly cash benefit.

Guaranteed Acceptance

Enjoy an easy application process with no medical examination required .

Coverage

Receive protection against death and terminal illness even as you save.

Why compare TM Nest Egg (II) (FlexiSaver) with other Endowment options through Whatins?

Traditional Approach

  • Only see one company's projected returns
  • May push higher projections without context
  • Limited comparison of guaranteed amounts

Whatins Advantage

  • Compare guaranteed returns across insurers
  • See how different companies project returns
  • Get multiple views on bonus rate histories
  • Understand different payout structures

How Does TM Nest Egg (II) (FlexiSaver) Work?

Let's look at two real-life scenarios to understand how this plan can help you achieve your goals:

Scenario 1: Boosting Additional Income

Meet Kevin, a 50-year-old non-smoking male looking to plan for additional income.

Kevin's Plan: br>- Guaranteed Monthly Cash Payout: S$500br>- Premium Payment Term: 10 yearsbr>- Accumulation Period: 0 years (payouts start immediately after premium payments end)br>- Payout Period: 20 years

Kevin pays an annual premium of S$9,910 for 10 years, totaling S$99,100.

What Kevin Receives: br>- Guaranteed monthly payout: S$500br>- Non-guaranteed monthly dividend: S$202 (at 4.25% illustrated investment rate)br>- Total monthly cash benefit: S$702

By the end of the policy term, Kevin will have received:br>- Total guaranteed cash payout: S$120,000br>- Total non-guaranteed monthly dividend: S$48,480br>- Total payout: S$168,480

This represents a total yield of 3.59% p.a.

Scenario 2: Fulfilling Entrepreneurial Dreams

Meet Jade, a 30-year-old non-smoking female saving for business funds.

Jade's Plan: br>- Guaranteed Monthly Cash Payout: S$1,000br>- Premium Payment Term: 10 yearsbr>- Accumulation Period: 5 yearsbr>- Payout Period: 10 years

Jade pays an annual premium of S$11,640 for 10 years, totaling S$116,400.

What Jade Receives: br>- Guaranteed monthly payout: S$1,000br>- Non-guaranteed monthly dividend: S$574 (at 4.25% illustrated investment rate)br>- Total monthly cash benefit: S$1,574

By the end of the policy term, Jade will have received:br>- Total guaranteed cash payout: S$120,000br>- Total non-guaranteed monthly dividend: S$68,880br>- Total payout: S$188,880

This represents a total yield of 3.18% p.a.

Additional Benefits and Considerations

Optional Riders

Enhance your protection with premium waiver riders. These ensure your future premiums are waived in case of covered incidents, such as critical illness diagnosis.

Reinvestment Option

If you don't need your monthly cash benefit immediately, you can choose to reinvest it with Tokio Marine. The current non-guaranteed interest rate for reinvestment is 3.25% p.a. (when the illustrated investment rate of return is 4.25% p.a.)

Policy Term

The total policy term is the sum of your premium payment term, accumulation period, and payout period, subject to a maximum of 30 years.

Non-Guaranteed Benefits

Remember that dividends are not guaranteed and may vary based on the future performance of the Participating Fund.

Pros and Cons of TM Nest Egg (II) (FlexiSaver)

Pros

  • Flexible plan customization to suit your needs

  • Guaranteed acceptance without medical examination

  • Regular monthly cash benefits

  • Option to reinvest cash benefits for potentially higher returns

  • Coverage against death and terminal illness

Cons

  • Non-guaranteed dividends may fluctuate

  • Early termination may result in high costs and low surrender value

  • Maximum policy term of 30 years may not suit very long-term goals

Frequently Asked Questions

Can I change my plan after purchase?

It's best to check with Tokio Marine about options for adjusting your plan after purchase.

What happens if I can't continue paying premiums?

The policy may lapse if premiums are not paid. It's crucial to ensure you can commit to the full premium term.

Are the returns guaranteed?

The plan includes both guaranteed and non-guaranteed components. The non-guaranteed dividends may vary based on fund performance.

Can I take a loan against this policy?

Check with Tokio Marine about policy loan options and terms.

How does this differ from a regular savings account?

This plan offers potential for higher returns, insurance coverage, and structured payouts, but with less liquidity than a savings account.

Conclusion

TM Nest Egg (II) (FlexiSaver) offers a flexible way to save for your future goals while providing some insurance protection. Its customizable nature allows you to tailor the plan to your specific needs, whether you're saving for retirement income, a child's education, or a business venture.

However, as with any financial product, it's important to carefully consider your personal circumstances, financial goals, and risk tolerance before making a decision. While the plan offers attractive features like guaranteed acceptance and regular cash benefits, remember that some components are non-guaranteed and depend on fund performance.

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