Retirement Income
Includes monthly cash payouts, guaranteed income stream
Great Legacy Programme
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Your questions answered
- A retirement income insurance plan is specially designed to provide you with a stable income stream during the golden years. This is essential to ensure that you have sufficient cash flow to maintain financial independence and your desired lifestyle after you retire from the workforce.
- Great Eastern offers wealth-oriented insurance plans such as GREAT Prime Rewards 3, GREAT Retire Income and GREAT Lifetime Payout 2 Special which offer a steady stream of income for your retirement life.
- To choose your ideal retirement income insurance plan, it is best to start by considering your desired lifestyle, financial goals and when you want to start receiving the income. Additionally, consider your budget, risk tolerance for a well-rounded decision.
- Knowing what you want can help you make an informed decision. It is important that the chosen plan not only meets your immediate needs but also your evolving financial aspirations.
- If you are unsure about how to start proper retirement planning, our qualified Financial Representatives are here to help.
- Participating whole life insurance plans ensure lifelong coverage and the potential accumulation of cash value over time. It offers policyholders the dual benefit of financial growth (via guaranteed and non-guaranteed benefits) while also providing insurance protection.
- Great Eastern’s GREAT Lifetime Payout 2 Special is a participating whole life insurance plan that allows you to enjoy the flexibility of managing your wealth while receiving a lifelong stream of regular income.
- Similar to a whole life insurance plan, a participating endowment insurance plan combines savings and insurance to provide a versatile solution. The difference is that participating endowment insurance plans have an end date when the policy will mature. Participating endowment insurance plans allow individuals to plan for specific financial goals within a specified period of time, while enjoying the insurance protection.
- Two of such participating endowment insurance plans offered by Great Eastern are GREAT Prime Rewards 3 and GREAT Retire Income.
- Yes, most retirement income insurance plans come with some form of insurance coverage ranging from death, total and permanent disability, terminal illness, or some combination of the three. Some may also offer optional premium waiver riders, which will waive off the scheduled regular premiums if any unforeseen circumstances occur, such as a critical illness diagnosis, or retrenchment of the policyholder.
- These features serve as the cornerstones for a comprehensive retirement strategy, giving you and your loved ones peace of mind and financial security during the twilight years of your life.
- You can reach out to Great Eastern’s team of dedicated Financial Representatives if you’re seeking personalised guidance on your financial journey for retirement.
- We can offer insights tailored to your financial goals, helping you make informed decisions for a secure and rewarding retirement.
- Get your personalised retirement plan today! Reach out via the contact form now.
The information presented is for general information only and does not have regard to the specific investment objectives, financial situation or particular needs of any particular person. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
This advertisement has not been reviewed by the Monetary Authority of Singapore.