Etiqa Esteem Income II is highly similar to Etiqa Enrich Income with the exception of the premium term. In this case it is a single premium whole life plan.
Regular payments start from the end of the first policy year, all the way till age 125. This makes it a good diversification complement to other retirement plans in place.
Being able to change life insured allows life insurance gifting which is a trend of late.
With guaranteed issuance of this policy, there are no long underwriting hassles involved to jumpstart this plan. So what are you waiting for? Get a quote today!
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.
Etiqa Esteem Income II 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.