VivoWealth Solitaire

VivoWealth Solitaire

Lifetime insurance coverage that provides monthly cash payouts with just a single premium.

What it covers

Lifetime monthly cash payouts

You will start to receive monthly cash payouts starting from the 6th policy year [2] till age 100. Over a year, these cash payouts can add up to 4.2% of your net single premium (of which 1.56% is guaranteed and 2.64% is non-guaranteed). You can choose to spend it as you wish or accumulate it with us at an interest rate of up to 3.5% p.a. [2]

Special cash benefit

Receive a guaranteed special cash benefit equivalent to 1.56% of your net single premium at the start of the 21st and 31st policy year. The special cash benefit is paid on top of the monthly cash payout. 

Centennial maturity benefit at age 100

Receive 105% of the net single premium paid and a non-guaranteed terminal bonus [3], at the point of policy maturity when the insured reaches 100 years old [4]

Death and total and permanent disability
We pay 105% of the net single premium paid and a terminal bonus [3] in the event of death or total and permanent disability (TPD before age 70).  
Accidental death and accidental total and permanent disability before age 70
Receive an additional 105% of the net single premium paid if death and total and permanent disability before age 70 is due to an accident (within 365 days of the accident). If the accident happened during a restricted activity, we only pay an additional 63% of the net single premium paid, on top of the death benefit or TPD benefit respectively.

Features

Your policy will be accepted regardless of your health condition.

This policy will share in the profits and losses of the Life Participating Fund[3].

Enjoy a wide range of exclusive treats specially curated for you.

Find out more.

How it works

How VivoWealth Solitaire provides you with passive income

How VivoWealth Solitaire helps you with legacy planning

Important Notes

Footnotes

 
  1. 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. 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. 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.
  2. Interest rate of 3.5% per annum is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income.
  3. Bonus rates are not guaranteed and the benefits payable will vary according to the future performance of the Life Participating Fund.
  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”).

Important Notes

 

This page is for general information only. You can find the usual terms and conditions of this plan in the policy conditions. All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if this plan is suitable for you, we strongly encourage you to speak to a qualified insurance adviser. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want. Buying a life insurance plan is a long-term commitment on your part. If you cancel your plan prematurely, the cash value you receive can be substantially less than the premiums you have paid for the plan.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Income or visit the GIA/LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg .)

 

Information is correct as of 21 July 2017

Frequently asked questions

How to apply

For enquiries about life insurance, please call our hotline:
6788 1122

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