Manulife SmartRetire (V) ILPSeptember 19, 2022
AIA Smart Goal 10October 10, 2022
China Taiping i-Retire lets you live the wholesome retirement lifestyle with a range of flexibility on premium term, accumulation period and length of payout.
There is loss of independence (LOI) benefit, which in the unfortunate event of LOI during the policy term, 24 months of your guaranteed monthly income helps to provide financial support when needed.
100% capital guarantee is provided from the end of the accumulation period when you start receiving your monthly income.
Application is easier without medical underwriting required.
Some things to note. This post will get dated. And the product might not be available for new subscriptions at some point. Hopefully this serves as reference for future policyholders who have forgotten what they have taken up.
There can be shifts in planning narratives over time. For example, limited premium tenures gain popularity over the years because people are less confident of their future earning capacity or sustainability of income levels. Regular payout features gained popularity when more and more people are in tune with the FIRE (Financial independence retire early) movement. An extended period of low interest rates brought down insurance products’ returns yield for policy holders, but now in a rising interest rates environment, things are set to change.
China Taiping i-Retire may or may not fit into your financial plans. Understand that there is no best plan for all time, but there is a method to objectively facilitate your decisions. Read more about it here.