If you are looking to secure your income in your retirement and pass on lifelong income to your children/grandchildren, you can consider NTUC Income's Wealth Solitaire or China Taiping's Infinite Harvest. Why these products are great:
Check out our side by side comparison below and then get started by getting a quote above!
Apply now and enjoy our special InsureDIY promotion! Get up to $500 cashback on your application. Valid for successful applications up to 30 Jun 2021.
Hassle-free application and guaranteed issuance (No medical underwriting requirements!)
Features |
Wealth Solitaire |
Infinite Harvest |
Expected cashback after Year 5 |
4.2% p.a. of Single Premium (1.56% p.a. guaranteed + 2.64% p.a. non-guaranteed) |
4.27% p.a. of Single Premium (1.77% p.a. guaranteed + 2.5% p.a. non-guaranteed) |
Capital Guaranteed |
No |
Yes, guaranteed surrender value reaches Single Premium from as early as Year 10. |
Surrender Value |
Flat at: 80% Single Premium |
Day 1: 80% Single Premium, keeps growing every year. |
Policy Term |
Up to Age 100 |
Whole of Life |
Leave a legacy of Lifelong Income to future generations |
Transfer policy ownership to your child to continue to receive the cash benefits. |
Transfer policy ownership to your child to continue to receive the cash benefits. |
Maturity Benefit |
105% of Single Premium + Terminal Bonus |
Not applicable as policy pays out monthly cash benefit for life |
Redeposit Facility |
Yes, prevailing interest rate is 3.25% p.a. |
Yes, prevailing interest rate is 3.5% p.a. |
Others |
Special cash benefits payable at policy year 21 and policy year 31. |
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Downloads |
Ms. A, age 35 signs up for a legacy retirement product with a Single Premium of $200,000. She names her daughter, Miss B, who is aged 1 as the Life Insured. From the start of the 6th policy year, the policy begins to pay monthly cash benefits.
Year 0 |
Ms. A purchases a product with a Single Premium of $200,000 with her daughter as the Life Insured |
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Ms. A (Age 35) |
Year 6 |
As the Policy Owner, Ms. A starts enjoying the Monthly Cash Benefit. She chooses the Cash Payment option and withdraws it every month. (Click here to see a Case Study with the Cash Accumulation option.) |
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Ms. A (Age 41) Policy Owner |
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Year 10 |
In the event that Ms. A decides to surrender her policy, the relevant policy values as at the end of policy year 10 are: |
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Ms. A (Age 45) Policy Owner |
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Year 21 & Year 31 |
Ms. A receives the Special Cash Benefit in the 241st and 361st policy month for her NTUC Income Wealth Solitaire policy, equivalent to 1.56% of the Single Premium invested per Special Cash Benefit paid. She chooses to withdraw this Special Cash Benefit in full. |
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Ms. A (Age 56, Age 66) Policy Owner |
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Year 40 |
Ms. A (age 75) changes the Policy Owner to Miss B, her daughter.
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Miss B (Age 41) Policy Owner, the Insured |
Miss B keeps enjoying the Monthly Cash Benefit even after Ms. A passes away. |
Year 85 |
Scenario 1: Death of Miss B at Age 86 Assuming Miss B passes away at age 86, her children (Ms. A's grandchildren) will receive a death benefit and the policy terminates thereafter.
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Miss B (Age 86) Policy Owner, the Insured |
Year 99 |
Scenario 2: Miss B survives to Age 100 Miss B will continue to receive the Monthly Cash Payout until Age 100 for NTUC Income's Wealth Solitaire, upon attainment of Age 100, she will receive a Centennial Maturity Benefit. Miss B continues receiving the Monthly Cash Payout for the rest of her life under China Taiping's Inifinite Harvest. Upon Death, a Death Benefit will be paid out. Assuming she passes away at Age 100, the Death Benefit is $630,072 (Guaranteed = $250,476 + Non-Guaranteed = $379,596)
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Miss B (Age 100) Policy Owner, the Insured |
* For reference only, all figures shown in the graph above are rounded to the nearest whole number. The figures include non-guaranteed components illustrated assuming that the insurers earn an investment return of 4.75%.
What are the key strengths and weaknesses of these two Legacy Retirement products?
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Wealth Solitaire |
Infinite Harvest |
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Key Strengths |
Higher Total Payout at the older ages 1. Higher Total Guaranteed + Non-Guaranteed Surrender Value at older ages, approximately after Policy Year 70-75 2. Higher Total Guaranteed + Non-Guaranteed Death Benefit at the older ages, approximately after Policy Year 70-75. 3. Higher Maturity Payout when the Life Insured attains age 100. |
Higher Guarantees 1. Slightly higher Guaranteed Monthly Cash Benefit Component 2. Higher Guaranteed Surrender Value.
3. Higher Guaranteed Death Benefit. The Guaranteed Death Benefit Component grows yearly. Higher Total Payout in the policy years before 70-75 on Surrenders and Death as Terminal Bonuses are higher than NTUC Income's Wealth Solitaire in the early years.
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Key Weaknesses |
Does not provide Capital Guarantees as the Guaranteed Surrender Value remains at 80% of Single Premium throughouth the policy term. Guaranteed Death Benefit stays level and does not increase throughout the policy term. Total Non-Guaranteed components make up a large component of the Surrender, Death and Maturity Payout. This is mainly comprises of Terminal Bonuses and could be reduced at any time by the insurer. Unlike Reversionary Bonuses, Terminal Bonuses do not vest regularly. |
Total Non-Guaranteed Components are lower in the later years after Policy Year 70-75 relative to NTUC Income's Wealth Solitaire. This means the total Surrender / Death Benefits are not as high. |
Who is this product ideal for |
Customers who prefer a strong and stable local insurer brand name and are looking to hold the product for a long term in order to enjoy the high surrender or death benefits after policy years 70-75. |
Customers who prefer a product that can provide higher guarantees and guaranteed capital returns in the early years of the policy. |
* Only applicable if your friend has not bought any insurance policy through InsureDIY before. DIY$ will only be awarded after your friend's free-look period. Not applicable for parents buying i-Secure for their child/children.
Get up to $500 cashback on your policy! Valid for sucessful applications up to 30 Jun 2021.
Single Premium | Cash Rebate / DIY Points |
$300,000 and above | $500 |
$100,000 to $299,999 | $250 |
You can now also use your existing DIY$ to get cash rebates on Wealth Solitaire and Infinite Harvest and get 25% boost up on your points!
Redeemable | Cash Rebate |
DIY$8 | $10 |
DIY$40 | $50 |
DIY$80 | $100 |
i-Secure is also eligible for the Refer a Friend program. Refer your friends and family for i-Secure and get DIY$10 for each referral.
DIY$ can be exchanged for vouchers including InsureDIY vouchers, NTUC Fairprice and Cold Storage vouchers. Check out our rewards catalogue here.
How to refer:
Simply ask your friend to select "Referral" during the application process and key in your email address or referral code when they apply for i-Secure here.
Referral Reward |
DIY$10 each |
* Only applicable if your friend has not bought any insurance policy through InsureDIY before. DIY$ will only be awarded after your friend's free-look period. Not applicable for parents buying i-Secure for their child/children.
1. Can the Monthly Cash Benefit be accumulated with the company to accumulate interest?
The plan is designed to pay out the MCB. However, the policy owner may choose to accumulate the Monthly Cash Benefit with the respective insurers at a non-guaranteed interest rate. China Taiping's current non-guaranteed interest rate is 3.5% p.a. while NTUC Income's current non-guaranteed interest rate is 3.25% p.a..
2. Can the policy owner request to change the Monthly Cash Benefit from a paid-out option to accumulated option and vice versa after the policy is incepted?
Yes, the policy owner may request to change the paid-out option to accumulated option anytime during the payout period and vice versa.
3. Can the accumulated Monthly Cash Benefit be withdrawn at any time?
Yes. Partial or full withdrawal of the accumulated Monthly Cash Benefit is allowed at anytime during the policy term.
4. Does the policy owner need to provide proof of survivorship on the life insured to receive the Monthly Cash Benefit?
The insurer reserves the right from time-to-time to request for satisfactory proof that the life insured is alive before paying the Monthly Cash Benefit.
5. What happens if the insuerer is not notified immediately of the life insured’s death and continues to pay out the Monthly Cash Benefit?
Any Monthly Cash Benefit paid on or after the date of the life insured’s death will be deducted from the death benefit proceeds
6. Can I change the Life Insured?
No, once the policy is incepted, the Life Insured cannot be changed.
7. What is the purpose of appointing different Policy Owners and is there a limit to the number of times the Policy Owner can be changed?
The Policy Owner will be the person receiving the Monthly Cash Benefits. No, there is no limit to the number of times the Policy Owner can be changed.
8. I want to purchase this plan with the intention of passing on my legacy to my Grandchild. How can I do this?
This can be done by setting up the policy with your Grandchild as the Life Insured and your son/daughter (your Grandchild's parent) as the Policy Owner. The policy can immediately be assigned* to yourself upon inception. This transfers the ownership rights to you and will mean that the Monthly Cash Benefits will be received by yourself. This allows you to enjoy the Monthly Cash Benefits in your retirement.
You can also be the payor of the policy, and this will be clearly stated in the policy documents.
The policy can be assigned back to your son/daughter at any point over the policy term, and even directly to the your Grandchild if he/she is above the age of 18.
* Subject to T&Cs on absolute assignment.
InsureDIY is a Broker licensed by the Monetary Authority of Singapore and is an Exempt Financial Adviser. This advertisement has not been reviewed by the Monetary Authority of Singapore.