Tokio Marine TM Retirement Secure – Secure your retirement.
Choose from: 4 retirement payout age options (50, 55, 60 or 65), 2 Retirement payout period (10 or 20 years) and 2 premium payment term options (5 or 10 years).
Choose to save over a period of 5 or 10 years and get a stream of guaranteed annual cash benefits for either 10 or 20 years starting from your desired retirement age.
Your income stream does not need to retire just because you intend to. Tokio Marine TM Retirement Secure ensures that you can secure your retirement goals sooner and leave nothing to chance when it comes to retirement planning.
- Premium term (You pay an insurance premium for): 5 or 10 years
- Policy term (You receive a retirement income for): 10 or 20 years
- Retirement income payout age: 50, 55, 60 or 65
- Retirement income payout mode: Annually
|Tokio Marine TM Retirement Secure (Product details at a glance)|
|Cash value and Withdrawal benefit(s)||Yes||No|
|Policy cash value|
|Regular retirement income payouts (Monthly/ Yearly)|
|Health and Insurance coverage(s)||Yes||No|
|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 annual retirement income|
|Capital guaranteed upon retirement age|
|Potential lump sum maturity benefit|
|No medical underwriting required|
Supplementary details: Tokio Marine TM Retirement Secure product brochure
Additional product feature(s) on Tokio Marine TM Retirement Secure
Detailed features and unique selling points of Tokio Marine TM Retirement Secure:
Option to reinvest your annual retirement income
- Enjoy the option of reinvesting your annual retirement income with Tokio Marine at a non-guaranteed rate of up to 3.5% 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 4.4% p.a. over the policy lifetime.
Potential lump sum maturity benefit
- You may receive a lump sum maturity benefit comprising of non-guaranteed bonuses at the end of your selected retirement income payout period of either 10 or 20 years.
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 Tokio Marine TM Retirement Secure
The following riders can be added on to your Tokio Marine TM Retirement Secure at an additional cost for greater assurance to your retirement goals:
- Cancer Income Rider – Provides a stream of annual cancer income upon diagnosis of Major Cancers.
- Cancer Waiver Rider – Future premiums will be waived upon diagnosis of Major Cancers.
- (Enhanced) Payer Benefit Rider – Future premiums will be waived in the event of Death, Total and Permanent Disability and/or upon diagnosis of any of the covered Critical Illnesses.
- KidAssure GIO Rider – Covers death, child-related illnesses and hospitalisation benefit. In addition, 80% of premiums paid will be refunded upon the rider’s maturity at age 19.
Who should take up an Tokio Marine TM Retirement Secure?
Tokio Marine TM Retirement Secure is a retirement income plan. This category of insurance plans are suitable or unsuitable depending on the following factors:
Tokio Marine TM Retirement Secure is suitable for
- Mid to long term wealth enhancement
- Providing a retirement income over a selected period of years
- Mid to long term savings commitment period (Over 5 or 10 years)
- 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
Tokio Marine TM Retirement Secure is not suitable for
- High insurance protection and coverage
- Providing additional guaranteed income payout in the event of disability
- Investment product with potentially higher returns and risk
- High surrender value in the early years of the policy
- Securing a monthly retirement income (Payout is yearly)
Sample policy illustration for Tokio Marine TM Retirement Secure
Learn more about Tokio Marine TM Retirement Secure
Leave your personal details via the retirement income plan contact form to receive your personalised quote. You may also compare plans similar to Tokio Marine TM Retirement Secure using the retirement income plan comparison portal.
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