MoneyOwl winds down is a wake up call
September 9, 2023
Income Invest Flex (VS1)
October 4, 2023
Singlife Flexi Retirement II is created to provide you confidence and freedom as you approach your retirement years. Whether you are just beginning to plan for retirement or are already in the midst of this exciting transition, this plan provides a variety of flexible alternatives tailored to your specific needs to help you live your best life.
Some features worth noting are:
- 100% Capital Guarantee – policy to have cash values of at least the total premiums paid at the end of the accumulation period.
- Reinvesting for higher returns – if you do not need your retirement income just yet, you can reinvest them.
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.
Singlife Flexi Retirement 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.
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