The main objective of a retirement plan or annuities would be to provide a consistent stream of income starting from your preferred retirement age. Ideally, a shorter premium tenor would provide the highest yield to the maturity of the policy.
In order to retire without much financial stress, you should look to increase the number of income streams you have. This will guard you against the event where one income stream runs dry.
A retirement annuity plan helps you to achieve that by paying out guaranteed monthly income as well as potential bonuses upon reaching your chosen retirement age. In this post, we breakdown what are some of the best retirement plans offered in Singapore and which fit your unique needs.
Depending on individual retirement plans, additional options may even be available to further optimize your overall financial yields.
Our pick for the 4 Best Retirement Plans and Annuities in Features and Income Payout are based on the criteria below:
- Policy options available for premium tenor
- Policy options available for the period of income payout
- The rate of financial returns and payout (Guaranteed and Non-Guaranteed)
- Choice and features of riders to complement health coverage (Additional guaranteed payout)
- Product features unique to the listed retirement plans
Find out more: Compare Best Retirement/Annuity Plans in Singapore
Read also: 3 things to consider before taking up a new financial product
With all insurance companies in Singapore offering their retirement annuities, make sure you select only the best for yourself!
Read more: Compare retirement plan
