Last1 Sandwich Generation123

VivoWealth Solitaire

Monthly cash payouts from the 6^th policy year² till age 100 that can be accumulated at an interest rate of up to 3.25% p.a.¹.
Special cash benefit³ at the start of the 21^st and 31^st policy year.
Centennial maturity benefit at age 100⁴.
Protection against death, total and permanent disability (TPD before age 70).
Protection against accidental death and accidental total and permanent disability before age 70.
Guaranteed acceptance regardless of health condition.

See how it works

Accumulate for lump sum withdrawal for retirement

35 Years Old

Mr Tan signs up for VivoWealth Solitaire with a single premium of $200,000.

41 Years Old

Mr Tan accumulates his monthly cash payouts² of $700⁵ (guaranteed monthly cash benefit = $260 + non-guaranteed cash bonus = $440⁵) with Income at an interest rate of up to 3.25% p.a.¹.

55 Years Old

Mr Tan decides to quit his full-time job and decides to take up a part-time lecturing role at the polytechnic. To make up for the difference in income, he decides to withdraw his accumulated cash benefits of $165,033⁵ to fund his lifestyle for the next 10 years.

65 Years Old

Mr Tan's CPF Life payout starts and with this stable basic retirement payout, Mr Tan decides to officially retire with his wife and chooses to withdraw his accumulated cash benefits of $102,239⁵ to fulfil his dream of taking a round-the-world trip with his wife. The lump sum also helps to supplement his retirement expenses.

75 Years Old

Mr Tan chooses to withdraw another sum of accumulated cash benefits to supplement his retirement expenses for the next few years. The amount he receives is another $99,119⁵ which he happily apportions out a sum to buy an insurance policy for his grandson.

85 Years Old

Mr Tan chooses to make another withdrawal from his accumulated cash benefits and this time round he managed to get another tidy sum of $99,119⁵.

90 Years Old

Should Mr Tan pass away at age 90, his family would receive the death benefit⁶ of $386,605⁵ and the policy terminates thereafter.

Total payout received from initial single premium of $200,000 invested came up to $852,115⁵.

Footnotes

Figures used are for illustrative purposes only and are rounded to the nearest dollar.

The non-guaranteed figures above are based on the assumption that the Life Participating Fund earns a long term average return of 4.75% per annum.

Should the long-term average return be 3.25% per annum, the illustrated monthly cash payout² would be $426.70⁷. The accumulated cash benefits withdrawn at age 55 years old will be $90,904⁷, at age 65 will be $59,070⁷, at age 75 will be $55,950⁷ and at age 85 will be $55,950⁷. Should Mr Tan pass away at age 90, the death benefit would be $282,563⁷. The total payout received from initial single premium of $200,000 invested will come up to $544,437⁷.

Important Notes

1. Interest rate of 3.25% per annum is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income.

2. If the insured survives at the end of the 5th policy year, you will start to receive monthly cash payouts starting from the 61st policy month onwards till age 100. The monthly cash payout consists of the guaranteed monthly cash benefit and the non-guaranteed monthly cash bonus. The guaranteed monthly cash benefit is 0.13% of the net single premium, while your non-guaranteed monthly cash bonus is up to 0.22% of your net single premium (based on the assumption that the Life Participating Fund earns a long-term average return of 4.75% per annum). Over 12 months, you would receive 1.56% of the net single premium as guaranteed cash benefit and up to 2.64% of the net single premium as non-guaranteed cash bonus. The non-guaranteed monthly cash bonus may vary according to the future performance of the Life Participating Fund. If the Life Participating Fund earns a long-term average of return 3.25% per annum, the non-guaranteed monthly cash bonus will be up to 0.08% of the net single premium. You will continue to receive your monthly cash payout at subsequent policy months if the insured is still alive and the policy has not ended. Net single premium means the single premium amount shown in the policy schedule or the reduced amount if a part of the policy has been cashed in earlier.

3. You will receive two special cash benefits, one at the start of the 241st policy month and another at the start of the 361st policy month from the policy entry date. Each special cash benefit is guaranteed to be 1.56% of the net single premium.

4. If the insured survives at the end of the policy term, which is the anniversary immediately after the insured's 100th birthday, and the policy has not already ended, the policy will pay 105% of the net single premium and a non-guaranteed terminal bonus ("centennial maturity benefit").

5. The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 4.75% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund.

6. The policy pays out 105% of the net single premium and a non-guaranteed terminal bonus in the event of the insured's death or total and permanent disability (TPD before age 70).

7. The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 3.25% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund. If cash benefits and cash bonuses are accumulated with Income, the interest rate will be based on 1.75% per annum and it is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income.