The plan is described as non participating universal life designed to provide income through indexed crediting.

Staff Reporter

, Singapore

The scheme is described arsenic non participating cosmopolitan life designed to supply income done indexed crediting.

Singlife has launched Singlife Legacy Indexed Income, a whole-of-life, non-participating cosmopolitan life scheme that provides income linked to marketplace indices.

The scheme offers income streams tied to nan capacity of 5 indices: nan S&P 500 Index, S&P 500 Engle 8% VT TCA Index, Nasdaq-100 Engle 8% Index, UBS Global Multi Asset Engle 8% Index and UBS Gold Engle 8% Index.

A built-in level complaint of 0.00% per annum ensures that nary antagonistic returns will beryllium credited to nan argumentation value. 

From nan 11th argumentation twelvemonth onwards, a guaranteed loyalty prize adds an other 0.7% per annum crediting complaint connected nan Index Account.

Policyholders tin customise their income by mounting up to 5 income phases, each pinch its ain target income magnitude and duration. 

During each argumentation twelvemonth successful nan payout period, income is paid based connected nan capacity of nan selected indices, up to nan chosen yearly target. Any further gains successful nan aforesaid twelvemonth are automatically reinvested into nan policy.

The scheme allows nan life assured to beryllium changed up to 5 times, enabling policyholders to walk nan argumentation crossed generations. 

It besides offers guaranteed acceptance pinch nary aesculapian underwriting, lifelong protection against decease and terminal illness, penalty-free partial withdrawals during cardinal life-stage events, and an action to dispersed nett premiums allocated to nan Index Account complete 12 months.
 

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