TM RETIREMENT PAYCHECKLIFE

Retire in style with a lifetime of paydays and yearly bonuses.

TM Retirement PaycheckLife is designed to provide you a lifetime of security and comfort in your retirement years. The plan provides you with a stream of income in the form of guaranteed monthly paychecks and non-guaranteed yearly bonuses, starting from your selected retirement age of 55, 60 or 65, for the rest of your life.

What's more, this plan gives you the option to sign up as a single or a couple. With the joint life option, the plan will continue to pay out the guaranteed monthly paychecks and non-guaranteed yearly bonuses in the event one spouse passes away before the other. This lifetime income will provide you a peace of mind during your retirement years.

what's in it for you

Lifetime guaranteed retirement paychecks
 

Once you reach your selected retirement age, you can look forward to receiving guaranteed monthly paychecks1, for the rest of your life.

Yearly bonuses up to 12 times2 of your guaranteed monthly paychecks

Yearly bonuses will be paid out every year for life starting from your selected retirement age of 55, 60 or 65.

Buy it as a single or a couple
 
 

The plan offers you the option to sign up as a single or a couple. With the joint life option3, the plan will continue to pay out the guaranteed monthly paychecks and non-guaranteed yearly bonuses for life, up till the last surviving spouse.

Capital guaranteed
 
 

Once you reach your selected retirement age, be assured that you will receive at least 100% of your total annual premiums4 in the form of a guaranteed surrender value plus guaranteed monthly paychecks.

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Disclaimers:

  1. The first guaranteed monthly paycheck will commence on the policy anniversary on which the life assured reaches the selected retirement age. Refer to Product Summary for details.
  2. The yearly bonus is an annual dividend and is non-guaranteed. The yearly bonuses and dividends are based on a projected investment rate of return of 4.75% p.a. on the Participating Fund. As these bonuses and dividends are not guaranteed, the actual amount payable may vary according to the future performance of the Participating Fund.
  3. The retirement age is based on the older life assured.
  4. Applicable to annual premium payment mode only. It refers to the total annual premiums paid for the basic plan, excluding any premium loadings and interest paid for loans and reinstatement (if applicable) under the policy.

All ages mentioned in this web page are based on age next birthday.

All mentions of guaranteed monthly paycheck and retirement age in this web page refer to "guaranteed monthly cash benefit" and "payout age" respectively in the Product Summary and the Policy Contract.

This plan is underwritten by Tokio Marine Life Insurance Singapore Ltd. All benefits and features mentioned herein are subject to terms and conditions of the policy. You must refer to the policy contract for the precise terms and conditions of this insurance plan. The information shown in this web page is for reference only and is accurate as at 20 August 2014.

Note: Buying a life insurance policy can be a long-term commitment. An early termination of the policy usually involves high costs, and the surrender value payable may be less than the total premiums paid. You may wish to seek advice from a financial adviser before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you.