When it comes to retirement, there are a lot of positives to consider. So we should start planning for a long and hopefully happy retirement. This is an opportunity to preserve our health and well-being by staying occupied and healthy. Retirement can be a time to anticipate moving forward with joy and excitement.

Aviva MyRetirementChoice is a retirement plan that empowers you to retire whenever you want and gives you plenty of income payout options to suit the retirement lifestyle of your dreams.

• Premium term (You pay an insurance premium for): 5,10,15, 20 or 25 years
• Policy term (You receive a retirement income for): Up to 35 years
• Retirement income payout age: Decided by the policy owner
• Retirement income payout mode: Monthly

Additional product feature(s) on Aviva MyRetirementChoice

Detailed features and unique selling points of Aviva MyRetirementChoice:

Choose your own retirement age

• Have the flexibility to decide when you want Aviva MyRetirementChoice to start providing you with a monthly retirement income payout.

Additional 100% of your monthly income for failing 3 of 6 daily ADL

• Receive an additional 100% of your guaranteed monthly income if you cannot fulfil at least 3 out of 6 daily activities of living.

Option to reinvest your monthly retirement income

• Enjoy the option of reinvesting your monthly retirement income with Aviva at a non-guaranteed rate of up to 3% p.a.

Capital guaranteed upon retirement age

• The policy is capital guaranteed upon you reaching the selected retirement payout age with a guaranteed yield of up to 2.63% p.a with additional non-guaranteed bonuses.

Waiver of premiums upon disability

• All future premium for this policy is waived in the event of total and permanent disability (Not applicable for single premium payment term).

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 Aviva MyRetirementChoice

The following riders can be added on to your Aviva MyRetirementChoice at an additional cost for greater assurance to your retirement goals:

• EasyPayer Premium Waiver – In the event of Death, Terminal Illness or Total Permanent Disability of the policy owner, all the future premiums are waived and your loved one’s retirement fund will continue to grow.
• EasyTerm – Lump sum cash payment in the event of Death, Terminal Illness or Total and Permanent Disability of up to 5 times your basic plan’s total annual premium. Pay all or part of your mortgage, your children’s education, or leave behind a trust for your dependants.
• Premium Waiver riders for Critical Illness – Opt from a range of premium waiver riders to get extra coverage. Upon diagnosis of Major Cancers or any of the 35 critical illnesses, all future premiums of your basic plan, and the future EasyTerm premiums (if attached) are waived until the end of the rider term so as to help you save for your retirement goals.

Who should take up an Aviva MyRetirementChoice?

Aviva MyRetirementChoice is a retirement income plan. This category of insurance plans are suitable or unsuitable depending on the following factors:

Aviva MyRetirementChoice 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 35 years)
• Mid to long term savings commitment period (Via 5,10, 15, 20 or 25 years premium term)
• 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

Aviva MyRetirementChoice 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 Aviva MyRetirementChoice

Coming soon.

Learn more about Aviva MyRetirementChoice

Leave your personal details via the retirement income plan contact form to receive your personalised quote. You may also compare plans similar to Aviva MyRetirementChoice using the retirement income plan comparison portal.

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Preferred insurer (if any): None Aviva Manulife NTUC Income Prudential AIA AXA Great Eastern Tokyo Marine

Preferred insurer (if any): None Aviva Manulife NTUC Income Prudential AIA AXA Great Eastern Tokyo Marine

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Alternatively, contact us to know how this retirement income plan fits your financial portfolio.