5 Things To Know About Retirement Insurance In Singapore

 


A retirement insurance plan is one of the ways to save up for the golden years of your life. These plans are designed to give you a regular monthly income upon maturity. This income can help you stay financially independent in your senior years.

Are you hearing about retirement insurance for the first time? If so, this article is just for you. Read on to discover 5 things you need to know about retirement insurance in Singapore.

1.      You can customise the payout period

One of the best things about retirement insurance plans is that you can customise the payout period as per your requirement. You can start receiving your payouts from the age of 50 years based on your preferred payout period. Most insurers offer payout periods of 10, 15, 20, 25, and 30 years.

2.      Continue receiving stable monthly income despite market volatility

Some insurers also safeguard your payout against market volatility. This is good news for you as you will get to maintain a stable income in your golden years no matter how unstable the market becomes. A good retirement insurance plan will pay you a monthly income that never decreases as the years roll by. In fact, your income can even potentially increase based on the performance of the participating fund involved.  You can, thus, live the life that you envision without worry...


READ MORE : 5 Things To Know About Retirement Insurance In Singapore.


Comments

Post a Comment

Popular posts from this blog

3 Milestones of Life for Which You Might Want Term Insurance

Image
  Consistent with its name, term insurance covers you for a not really set in stone residency. At the point when you purchase this type of disaster protection plan, you select the term for which you need to be covered. The term can run pretty wide – driving safety net providers in Singapore are known to offer term protection plans from 10 years to more than 80 years. Be that as it may, how can one suitably choose the residency of inclusion? Definitely there should be some measuring stick? Truly, the solution to those inquiries might vary from one individual to another. The residency appropriate for one individual may not be reasonable for another. A ton of things become possibly the most important factor while choosing the term for which you need inclusion. You should keep your remarkable monetary necessities in context and ponder the number of wards you have, in addition to other things. You may likewise need the term intend to agree with specific achievements in your day t...
Read more

Tips That May Help With Retirement

Image
  We all want the best for our parents. They have taken care of us all our lives, and now it is time to return the favour. In a few years’ time, your parents may want to retire and this will mean they have to manage their expenses without consistent income anymore. To ensure they live out the rest of their life with peace of mind, you can help plan their retirement savings and insurance coverage. So, how can you do that? To help you get started in your parents’ retirement planning , we have listed 6 tips that can set you on the right track... READ MORE :  Tips That May Help With Retirement
Read more

5 Reasons to Plan for Retirement from an Early Age

Image
  Planning out finances should not be limited to just health insurance and property investment. Proper financial planning should also include retirement planning . You will eventually need to stop working. Without a steady source of income, you will have to find a way to get financially secure. This is where retirement planning comes in handy. Retirement planning provides enough income for an individual to live their life after retiring. It will also help you with medical emergencies, meet life goals, and be financially stable. Let us take a look at a few more reasons to plan for retirement at an early age. ·          Have a stress-free retirement: Retirement is a time for you to kick back and relax. You have been working hard all your life, and now with retirement, you have the time to go on vacation or pick up the hobbies you have wanted to.  The most important thing that comes out of a retirement plan is a stress-free life. This ...
Read more