SINGLIFE Savvy Invest II is yet another regular premium investment linked plan (ILP) so what unique selling points (USPs) can it bring to the table in this review here.
Other than the bonus units (Welcome, Loyalty bonuses) that most of us will find nowadays. SINGLIFE Savvy Invest II has the Life Stage Withdrawal feature. Bought your first home? Expecting a baby? You have the flexibility to withdraw up to 10% of your account value, penalty free, at key milestones in your life.
SINGLIFE Savvy Invest II also allows you to receive dividends (if you choose dividend paying funds) in cash or reinvest them to further grow your investment. Needless to say, you can add on riders for greater financial protection peace of mind.
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 Savvy Invest 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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