FWD Life Income - Isaac Fang CFA, ChFC, CFP FWD Life Income - Isaac Fang CFA, ChFC, CFP
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FWD Life Income

FWD Life Income 1intro

FWD Life Income can provide you with benefits that allow you to leave a lasting legacy. This is especially relevant in Singapore where life expectancy continues to rise with multi-generational families living longer together. FWD Life Income makes it easy for you to create a stream of income for your future generations.

Start receiving a stream of cash benefits (Cash benefits are made up of a guaranteed and non-guaranteed component
on a yearly or monthly basis, Payable from the 37th policy month, up to the original person insured’s 120th birthday.) after the third policy year.

Choose from 3 different premium payment terms to suit your needs – single premium, 5 years, or 10 years.

Your future generations can continue to enjoy this passive income stream which will only end when the plan matures, is terminated or if a claim is paid.

Changing the person insured provides you with the flexibility to leave your legacy to your loved ones or future generations. With a secondary person insured, you can appoint your loved one to continue the policy coverage in the event that the current person insured passes on. 

FWD Life Income 2what
FWD Life Income 3feat
FWD Life Income 4suit

Some things to note. This review 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.

FWD Life Income 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.

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