We can be the last sandwich generation

when we plan our retirement.

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Every generation wants the best for the next.

Our parents worked hard to give us the best lives possible, just as we strive to do the same for our children.

Most parents today go beyond this by financially supporting two generations at the same time – their parents, and their children. These individuals are often referred to as the ‘sandwich generation’, but they can be the last to shoulder this responsibility.

As we see an increase in financial literacy and availability of financial instruments, 91% of the sandwich generation believe that they have better opportunities compared to their parents, to become financially independent and ready for their future retirement.

It is time to start planning today, and to join 86% of the sandwich generation who believe their children will not have to become the next sandwich generation.

Find out more about the research commissioned by Income here.

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76%

of young Singaporeans say supporting their parents in their old age is important.

“Be gracious to yourself. You are only one person and you’re doing great.”

Tips for the Sandwich Generation

48%

of young Singaporeans say they’ll support their aged parents “no matter what”.

“Don’t feel guilty about saying ‘no’. You know your limits best.”

Tips for the Sandwich Generation

86%

of today’s Sandwich Generation believe they can prevent their kids from being sandwiched in future, by becoming financially independent.

“Celebrate every win, no matter how small. Give yourself the credit and reward yourself.”

Tips for the Sandwich Generation

58%

of today’s Sandwich Generation are not actively working on their retirement plan, though 96% know it’s important.

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Be the #LastSandwichGeneration today.

Be the #LastSandwich
Generation today.

Let us help you find a retirement plan that works for you.

How would you like to fund your retirement?

I want a lump sum payout to fund my retirement
I want regular cash payouts to use during my retirement
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A benefit of having a lump sum payout to fund your retirement is the flexibility it gives you in spending and allocation of funds for your retirement. Read more about the other key features and how each product can work for you to find the plan that is best suited for your needs.

Gro Gen Saver
  • Capital guaranteed1 after the 10th policy year for single premium term.

  • Flexibility to choose to pay your premiums in one lump sum, or for 5, 10, 15 or 20 years.

  • Premiums waived upon total and permanent disability (TPD before age 70)2.

  • Guaranteed acceptance regardless of health conditions.

See how it works
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30 Years Old

Mr Tan is looking to grow his money. He signs up for Gro Gen Saver with a sum assured of $100,000 and pays a single premium of $100,000.

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45 Years Old

The illustrated total cash value is $145,8883, 1.5 times of premiums paid.

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55 Years Old

The illustrated total cash value is $275,6963, 2.8 times of premiums paid.

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65 Years Old

Mr Tan chooses to retire and surrenders his policy. He will receive a total illustrated cash value of $423,1683, 4.2 times of premiums paid.

Wealth Solitaire
  • Monthly cash payouts from the 6th policy year2 till age 100 that can be accumulated at an interest rate of up to 3.25% p.a.1.

  • Special cash benefit3 at the start of the 21st and 31st policy year.

  • Centennial maturity benefit at age 1004.

  • Protection against death, total and permanent disability (TPD before age 70).

  • Protection against accidental death and accidental total and permanent disability before age 70.

  • Guaranteed acceptance regardless of health condition.

See how it works
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35 Years Old

Mr Tan signs up for Wealth Solitaire with a single premium of $200,000.

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41 Years Old

Mr Tan accumulates his monthly cash payouts2 of $7005 (guaranteed monthly cash benefit = $260 + non-guaranteed cash bonus = $4405) with Income at an interest rate of up to 3.25% p.a.1.

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55 Years Old

Mr Tan decides to quit his full-time job and decides to take up a part-time lecturing role at the polytechnic. To make up for the difference in income, he decides to withdraw his accumulated cash benefits of $165,0335 to fund his lifestyle for the next 10 years.

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65 Years Old

Mr Tan's CPF Life payout starts and with this stable basic retirement payout, Mr Tan decides to officially retire with his wife and chooses to withdraw his accumulated cash benefits of $102,2395 to fulfil his dream of taking a round-the-world trip with his wife. The lump sum also helps to supplement his retirement expenses.

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75 Years Old

Mr Tan chooses to withdraw another sum of accumulated cash benefits to supplement his retirement expenses for the next few years. The amount he receives is another $99,1195 which he happily apportions out a sum to buy an insurance policy for his grandson.

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85 Years Old

Mr Tan chooses to make another withdrawal from his accumulated cash benefits and this time round he managed to get another tidy sum of $99,1195.

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90 Years Old

Should Mr Tan pass away at age 90, his family would receive the death benefit6 of $386,6055 and the policy terminates thereafter.

Total payout received from initial single premium of $200,000 invested came up to $852,1155.

Gro Flex Saver
  • Guaranteed yearly cash benefits1 after 2 policy years that can be accumulated.

  • Flexibility of choice of policy and premium terms.

  • Capital guaranteed upon maturity2.

  • Protection against death, total and permanent disability (TPD before age 70).

  • Protection against accidental death and accidental total and permanent disability before age 70.

  • Guaranteed acceptance regardless of health condition.

See how it works
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35 Years Old

Mr Lee signs up for Gro Flex Saver (5-Pay-25) with a sum assured of $50,000 and a policy term of 25 years. He pays a yearly premium of $11,630 for 5 years.

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37 Years Old

Mr Lee chooses to accumulate his yearly cash benefit1 of $2,500 with Income at an interest rate of up to 3.25% p.a.3.

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40 Years Old

Mr Lee stops paying premiums.

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60 Years Old

Upon maturity of his policy, Mr Lee can receive a total illustrated payout of $129,3164 (illustrated yield: 3.53% p.a.4).

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40 Years Old

40 years old Mr Lee signs up for Gro Flex Saver (10-Pay-15) with a sum assured of $50,000 and a policy term of 15 years. He pays a yearly premium of $6,871 for 10 years.

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42 Years Old

Mr Lee chooses to accumulate his yearly cash benefit1 of $2,500 with Income at an interest rate of up to 3.25% p.a.3.

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50 Years Old

Mr Lee stops paying premiums.

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55 Years Old

Upon maturity of his policy, Mr Lee can receive a total illustrated payout of $93,2754 (illustrated yield: 2.92% p.a.4).

Gro Secure Saver
  • Flexibility of choice of policy and premium terms.

  • Capital guaranteed upon maturity.1.

  • Protection against death and permanent disability (TPD before age 70).

  • Protection against accidental death and accidental total and permanent disability (TPD before age 70).

  • Guaranteed acceptance regardless of health condition.

See how it works
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40 Years Old

Mr Tan signs up for Gro Secure Saver (5-Pay-25) with a sum assured of $80,000 and a policy term of 25 years. He pays a yearly premium of $12,701 for 5 years.

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65 Years Old

Upon maturity of his policy, Mr Tan can receive a total illustrated payout of $167,4452 (illustrated yield: 4.30% p.a.2).

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35 Years Old

Mr Tan signs up for Gro Secure Saver (15-Pay-25) with a sum assured of $40,000 and a policy term of 25 years. He pays a yearly premium of $2,308 for 15 years.

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60 Years Old

Upon maturity of his policy, Mr Tan can receive a total illustrated payout of $69,8062 (illustrated yield: 3.90% p.a.2).

Gro Goal Saver
  • Capital guaranteed upon maturity1.

  • Protection against death and permanent disability (TPD before age 70).

  • Protection against accidental death and accidental total and permanent disability before age 70.

  • Guaranteed acceptance regardless of health condition.

See how it works
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45 Years Old

Mr Lee signs up for a Gro Goal Saver plan with a sum assured of $30,000. He pays a monthly premium of $825 for the first 3 policy years.

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48 Years Old

After paying premiums for the first 3 policy years, the Gro Goal Saver Privilege begins and Mr Lee will not have to pay premiums for the remaining 7 years of the policy.

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55 Years Old

Mr Lee's policy matures, and he will receive a total illustrated maturity benefit of $37,9782, which includes non-guaranteed bonuses (illustrated yield at maturity: 3.21% p.a.2).

Gro Prime Saver
  • Guaranteed yearly cash benefits1 equivalent to 2.1% of your sum assured, and a non-guaranteed yearly cash bonus of up to 2% of your sum assured after 5 policy years that can be accumulated at an interest rate of up to 3.25% p.a.2.

  • Special cash benefits3 after the end of 20th and 30th policy year.

  • Centennial maturity benefit4 at age 100.

  • Protection against death.

  • Premium waiver upon total and permanent disability before the age of 70.

  • Guaranteed acceptance regardless of health condition.

See how it works
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30 Years Old

Mr Lee signs up for a Gro Prime Saver plan with a sum assured of $100,000. He pays a yearly premium of $7,615 for a premium term of 20 years.

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35 Years Old

Mr Lee begins receiving yearly cash payouts1 of $4,1005 (guaranteed yearly cash benefit = $2,100 + non-guaranteed yearly cash bonus = $2,0005) and he chooses to accumulate them at the prevailing interest rate of up to 3.25% p.a.2 until 50 years old where he plans to enjoy an early retirement and family life.

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50 Years Old

Mr Lee stops paying premiums. He receives a special cash benefit3 and withdraws an amount of $88,2935 for his retirement, which consists of the accumulated yearly cash payouts1 and the special cash benefit3.

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60 Years Old

Mr Lee receives another special cash benefit3 after the 30th policy year. He chooses to withdraw his accumulated cash benefits and special cash benefit3, amounting to $51,5475 to fulfil his dream of going on a fly-cruise vacation with his wife. The lump sum also helps to supplement his retirement expenses.

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70 Years Old

Mr Lee chooses to withdraw another sum of accumulated cash benefits to supplement his retirement expenses for the next few years. The amount he receives is another $47,5475 which he happily apportions out a sum to buy an insurance policy for his granddaughter.

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80 Years Old

Mr Lee chooses to make another withdrawal from his accumulated cash benefits and this time round he managed to get another tidy sum of $47,5475.

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100 Years Old

Should Mr Lee live till 100 years old, he will receive a centennial maturity benefit4 of up to $361,8765 and the policy will end.

Total payout received from total premiums of $152,302 paid came up to $596,8105.

Gro Prime Saver
  • Guaranteed yearly cash benefits1 equivalent to 2.1% of your sum assured and a non-guaranteed yearly cash bonus of up to 2% of your sum assured after 5 policy years.

  • Special cash benefits2 after the end of 20th and 30th policy year.

  • Centennial maturity benefit3 at age 100.

  • Protection against death.

  • Premium waiver upon total and permanent disability before the age of 70.

  • Guaranteed acceptance regardless of health condition.

See how it works
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40 Years Old

Mr Lee signs up for Gro Prime Saver with a sum assured of $80,000 and a premium term of 10 years. He pays an annual premium of $9,757.

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45 Years Old

After 5 policy years, Mr Lee starts to receive a yearly cash payout1 of $3,280,4 (guaranteed yearly cash benefit = $1,680 + non-guaranteed yearly cash bonus = $1,6004)

He chooses to spend the cash payouts.

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60 Years Old

Mr Lee receives a special cash benefit2 of $3,200 after the end of 20th policy year.

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70 Years Old

Mr Lee receives a special cash benefit2 of $3,200 after the end of 30th policy year.

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85 Years Old

Should Mr Lee pass away at age 85, his family will receive the death benefit5 of $152,7624. The policy terminates thereafter.

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100 Years Old

Should Mr Lee live till 100 years old, he will receive a centennial maturity benefit3 of $167,8794 and the policy will end.

Wealth Solitaire
  • Monthly cash payouts1 from the 6th policy year till age 100.

  • Special cash benefit2 at the start of the 21st and 31st policy year.

  • Centennial maturity benefit3 at age 100.

  • Protection against death, total and permanent disability (TPD before age 70).

  • Protection against accidental death and accidental total and permanent disability before age 70.

  • Guaranteed acceptance regardless of health condition.

See how it works
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35 Years Old

Mr Tan signs up for Wealth Solitaire with a single premium of $100,000.

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41 Years Old

Mr Tan begins receiving monthly cash payouts1 illustrated at $3504 (guaranteed monthly cash benefit = $130 + non-guaranteed cash bonus = $2204). The monthly cash payouts provide a monthly income stream to Mr Tan for his various lifestyle expenses.

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85 Years Old

Should Mr Tan pass away at age 85, his family would receive the death benefit5 of $161,4004 and the policy terminates thereafter.

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100 Years Old

Should Mr Tan live up till age 100, he would receive a centennial maturity benefit3 of $236,1004 and the policy terminates thereafter.

Gro Retire Wise
  • Choice of your desired retirement age to start receiving your annual payouts, or choose your desired payout year from the start of your policy.

  • Protection against death, total and permanent disability (TPD before age 70).

  • Guaranteed acceptance regardless of health condition.

See how it works
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35 Years Old

Mr Tan signs up for Gro Retire Wise with a single premium of $50,000 and chooses to retire at age 65.

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65 Years Old

Mr Tan converts his plan into a stream of regular retirement income over 20 years.

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66 Years Old

Mr Tan receives his first yearly retirement income of $13,7491.

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85 Years Old

Mr Tan would have received a total illustrated payout of $274,9891, over 20 years which includes non-guaranteed bonuses (illustrated yield at maturity: 4.38% p.a.1)

Gro Retire Ease
  • Choice of premium term, when to start receiving your monthly cash benefits and choice of duration of monthly cash benefits.

  • Non-guaranteed monthly cash bonus may be paid on top of each monthly cash benefit.

  • Capital guaranteed at end of accumulation period.1

  • Protection against death and accidental death (if accidental death happens before age 70).

  • Protection against the loss of use of one limb, the loss of speech, hearing, or sight in one eye due to accidental injury or illness.

See how it works
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35 Years Old

Mr Faiz signs up for Gro Retire Ease with a monthly premium of $200 and chooses to receive his guaranteed monthly cash benefits2 and non-guaranteed cash bonuses3 for 20 years, starting from age 65. He also decides to pay premiums regularly until he is 60 years old as he plans to continue to work until then.

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65 Years Old

Mr Faiz starts receiving a total illustrated sum of $7843 each month (guaranteed monthly cash benefit2 = $445 + non-guaranteed monthly cash bonus = $3393).

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85 Years Old

At the end of the policy term, Mr Faiz would have received a total illustrated payout of $188,1243 in the form of cash benefits and cash bonuses (illustrated yield at maturity: 4.26% p.a.3).

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Pledge to be the
#LastSandwichGeneration

Pledge to be the
#LastSandwich
Generation

The key to being the last sandwich generation starts with a promise – a promise to your children that you will plan for your retirement and be financially independent, so that they won’t be the next sandwich generation. Others like you have given their voice and commitment - make your own promise to be the #LastSandwichGeneration today!

Our Favorite Stories

For and from the Sandwich Generation

^The research, commissioned by NTUC Income and conducted by Kantar, represents the views of Singapore Citizens and Permanent Residents (PR). The research was conducted online amongst 200 parents aged 35-55 years old and 200 young Singaporeans aged 21-29 years old in July 2019.

The information and descriptions on this website are provided solely for general informational purposes and do not constitute any financial advice. It does not have regard to the specific investment objectives, financial situation and particular needs of any persons. Do note that not all our plans are included on this website. The precise terms, conditions and exclusions of these plans are specified in their respective policy contract. All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if this plan is suitable for you, we strongly encourage you to speak to a qualified insurance adviser. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want. Buying a life insurance plan is a long-term commitment on your part. If you cancel your plan prematurely, the cash value you receive, if applicable, may be zero or less than the premiums you have paid for the plan.

These policies are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Income or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg ).

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Information is correct as of 05 September 2019