Short Term Endowment added into TM Nest Egg Series (8 years and 10 years)

The innovative department of Tokio Marine Life Insurance has once again launched 2 new limited payment short term endowment policies on 21 September 2015 to encourage clients to save with them. The name of the policies are : CashBack 8 & CashBack 10. Features are as follows:

• Premium Term of 2 years
• Guaranteed Annual Cash benefit payment from 2nd policy anniversary (8% of Sum Assured for Cashback 8; 10% of Sum Assured for Cashback 10)
• Last Entry Age : 70 ANB (Age Next Birthday) 
• GIO (Guaranteed Issue Offer) or No Underwriting required
• Minimum Premium is $10,000
• There is surrender benefit after 1 year
• Your Gender & Smoking ability will not affect premiums, only Age matters
• No increase of Sum Assured is allowed once policy is incepted.
• Decrease in sum assured will be treated as a partial surrender

Here's the brochure link for more details. If you use a financial calculator, the SIMPLE Annual ROI for the Cashback 8 is 3.66%, while the Cashback 10 is 3.6%

If you are interested to know more about the plan or to get one for yourself, do drop us a contact.

Wealth Accumulation

Wealth Accumulation seems to be the buzz word these days when the entire financial world is so full of uncertainty. However, with so many options demanding for our already stretched dollar, which plan is the right one?

Here's a great plan for those who are rather risk adverse :
Tokio Marine's TM Nest Egg (Limited Payment)

Features

• TM Nest Egg is an Endowment plan and is for anyone between ages 1 to 60
• Financial Protection in event of Death & Total & Permanent Disability
• Policy terms from 10-30 years (in multiples of 5) 
• Limited Premium Payment terms from 5 - 25 years (also in multiples of 5)
• Option  to receive maturity proceeds in lump sum or yearly payment between 3 and 25 years.
• Min Sum Assured S$30,000
• Has Child Maturity Option, which allows the child to purchase a new Whole Life or Endowment policy without further medical evidence.

An Example (Click on the image to have a clearer view) :

Benefits of this Wealth Accumulation plan

1. Maturity Benefits if it's taken in instalments, the remaining balance left with the company still earns interest, which is  definitely much better than Fixed Deposits rates in Singapore; what it means to you is that it helps you control your savings too and not squander it on some impulse purchases if the proceeds were to be taken in a lump sum instead.
2. When compared to their closest rival, Tokio Marine's TM Nest Egg (LP) is a limited payment plan as compared to their competitor, which is a regular payment plan. (Wouldn't a limited liability be better for your wealth accumulation planning since it helps you forecast your expenditure in a more foreseeable future?)
3. Tokio Marine's TM Nest Egg (LP) has POSITIVE guaranteed yields as compared to their competitor's negative yields throughout their policy term. (Can you remember reading in the news about certain insurers cutting bonus rates over the recent years? These same insurers gave high projections when policies were sold initially-A high percentage of those projections were Non-Guaranteed!)
4. If you are buying Tokio Marine's TM Nest Egg (LP) policy for your children, the insurer is currently the only company in Singapore (as of August 2011), which allows "waiver of premiums" rider to be bought on both parents lives, so that whatever happens to either parent, your gift to your child is still secured. (Other firms only has this rider available to the payer)

If you want to find out more, feel free to contact us now!