NTUC Income RevoRetire – Craft your desired retirement lifestyle with monthly cash payouts.
Choose to receive your monthly cash payouts over a period of 10, 20 or 30 years after the accumulation period.
Secure your finances for your golden years with NTUC Income RevoRetire. Choose to save for only 10 or 15 years, or up the age of 65.
Planning for the future doesn’t have to cost you the present. Get more out of life now with NTUC Income RevoRetire, a flexible savings plan. You can easily craft your own desired retirement lifestyle with options that let you decide when you want to retire and how long you would like to receive your monthly cash benefit.
The bundled Disability care benefit also ensures that you get extra cash flow to help with living expenses should you be diagnosed with the covered conditions. Let RevoRetire accompany you in your retiring journey today.
- Premium term (You pay an insurance premium for): 10 or 15 years, or up to age 50, 55, 60 or 65
- Policy term (You receive a retirement income for): 10, 20 or 30 years
- Retirement income payout age: Minimum accumulation period of 10 years, or at age of 50, 55, 60 or 65
- Retirement income payout mode: Monthly
| NTUC Income RevoRetire (Product details at a glance) | ||
| Cash value and Withdrawal benefit(s) | Yes | No |
|---|---|---|
| Policy cash value | ||
| Surrender value | ||
| Regular retirement income payouts (Monthly/ Yearly) | ||
| Health and Insurance coverage(s) | Yes | No |
| Death coverage | ||
| Total and Permanent Disability coverage | X | |
| Terminal Illness coverage | X | |
| Critical Illness coverage | X | |
| Early Critical Illness coverage | X | |
| Optional insurance rider(s) | Yes | No |
| Insurance riders to enhance coverage | ||
| Additional product feature(s) | Yes | No |
| Option to reinvest your monthly retirement income | ||
| Capital guaranteed upon retirement age | ||
| Disability care benefit | ||
| No medical underwriting required | ||
Supplementary details: NTUC Income RevoRetire product brochure
Additional product feature(s) on NTUC Income RevoRetire
Detailed features and unique selling points of NTUC Income RevoRetire:
Option to reinvest your monthly retirement income
- Enjoy the option of reinvesting your annual retirement income with NTUC Income at a non-guaranteed rate of up to 3.25% p.a.
Capital guaranteed upon retirement age
- The policy is capital guaranteed upon you reaching the selected retirement payout age with a potential total yield of up to 4.84% p.a. over the policy lifetime.
Disability care benefit
- Receive an additional income stream in the event of a disability. This additional stream of income refers to the additional one month of cash benefit (capped at $3,000) that is paid on top of the monthly cash benefit during the payout period or until the policy ends, whichever is earlier.
No medical underwriting required
- You can purchase this plan irregardless of your health condition with no medical checkup required (If riders are not taken up).
Additional riders for NTUC Income RevoRetire
The following riders can be added on to your NTUC Income RevoRetire at an additional cost for greater assurance to your retirement goals:
Additional riders for NTUC Income RevoRetire
The following riders can be added on to your NTUC Income RevoRetire at an additional cost:
- Cancer Premium Waiver (GIO) – You will not need to make future premium payments for the basic policy if you are diagnosed with major cancer during the term of the rider.
- Enhanced Payor Premium Waiver – You will not need to make future premium payments for the basic policy that you have bought for a loved one, if you pass away, are totally or permanently disabled (TPD before age 70), or are diagnosed with dread disease (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.
- Dread Disease Premium Waiver – You will not need to make future premium payments for the basic policy if you are diagnosed with dread disease (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.
Who should take up an NTUC Income RevoRetire?
NTUC Income RevoRetire is a retirement income plan. This category of insurance plans are suitable or unsuitable depending on the following factors:
NTUC Income RevoRetire is suitable for
- Mid to long term wealth enhancement
- Flexibility to choose when to receive your monthly retirement income payout
- Providing a monthly retirement income over a selected period of years (Up to 30 years)
- Mid to long term savings commitment period
- Retirement product with yearly guaranteed cash benefits in your retirement years
- Hassle-free application without medical underwriting (If no riders are added)
- Do not need access or partial withdrawal on your savings until your retirement age
- Providing an additional retirement income stream in the event of disability during your retirement
NTUC Income RevoRetire is not suitable for
- High insurance protection and coverage
- Investment product with potentially higher returns and risk
- High surrender value in the early years of the policy
Sample policy illustration for NTUC Income RevoRetire
Coming soon.
Learn more about NTUC Income RevoRetire
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