Showing posts with label TM legacy VIP. Show all posts
Showing posts with label TM legacy VIP. Show all posts

TM Infinite VIP - Continuous Retirement Annuity for Life

Whether it is an annuity that you are looking for or a legacy you wish to leave behind for your TM Infinite VIP via its distribution channels like the banks and direct agents and the take up rate of this product has been fast & encouraging that the policy will probably be pulled out soon when the tranche has been reached. (This could be seen with its sister product, TM Legacy VIP which was pulled out on 21 July 2014).
children or grandchildren; for the past year since May 2013, Tokio Marine Life Insurance Singapore (TMLS) has been selling a single premium plan known as

In any case, the surviving TM Infinite VIP runs on a simple model:

  1. Minimum Single premium of S$133,350
  2. Gets you a payout of S$500 EVERY MONTH after 5 years (credited monthly into a S'pore bank account)
  3. The payout continues as long as the assured is alive
  4. Should Death occurs, 101% of Single premiums paid + Non Guaranteed Terminal Dividend
  5. Minimum age 1 year old next birthday
  6. Maximum age 70 year old next birthday

      TIPs
  • If you want more payout, just multiply accordingly (eg $266,700 gets you $1000 monthly payout)
  • Greater advantage will be to buy on the life of a young child, since payout continues as long as assured is alive.
  • Good option to prepare for a child who will be going to University as their MONTHLY living expense.
Did I mention that you can get your capital back* ? Ask for a proposal and take a look yourself!

* Conditions apply

Product Withdrawal of TM Legacy VIP by 21 July 2014

All good things do come to an end as one of the hot selling plans for High Net
TM Legacy VIP
Worth individuals are being pulled out due to revisions to the insurance regulatory framework in Singapore.

As quoted in a letter from the management in Tokio Marine Life Insurance Singapore ... "If the proposed capital requirement calibrations were adopted,  products that rely heavily on taking investment risks to generate adequate returns, will become unsustainable."

So if you have been procrastinating to get a TM Legacy VIP policy; take action now!

Contact us here

Launch of TM Legacy VIP

1 December 2011 marks a special day for Tokio Marine Life Singapore as it's the launch of their long awaited TM Legacy VIP!
TM Legacy VIP

TM Legacy VIP main features are :

  • Permanent high insurance cover for Family Financial Security
  • Immediate liquidity with a high cash value from day 1
  • Further asset accumulation through growth in your cash value
  • Equitable and positive estate distribution solution

Tokio Marine Life Insurance Singapore has also added the following features to make it more appealing to customers who used to get universal life plans as solutions :
  • You can buy this policy for kids as young as age 1 year old
  • Policy is dominated in S$, unlike TMLS's competitors marketing Universal Life policies, which are normally transacted in US$
  • TM Legacy VIP has Lifetime cover when compared against TMLS rivals, who normally markets term plans.
  • Policy loans up to 80% of cash value from day 1.
  • The policy pays out the higher of Guaranteed Death Benefit or Sum Assured + Bonuses (before age 100)



Who should buy?

  • Business Owners.
  • People who likes single premium products (calculated liability).
  • Those who wants high coverage from day 1 till age 100 and long period of guaranteed cash values.
  • Asset Owners who wants collateral for financial institutions.
  • Individuals who wants to leave behind charitable legacy.
  • Parents who wants to provide for estate equalization (ie: all their children will be left with some form of asset upon the demise of the parents, in the form of a business, property or simply cash).
  • Grandparents who wants to leave a legacy for their grandchildren.
  • For those who want S$ dominated policy
  • Companies who need Keyman Insurance