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Receive monthly cash payouts[1] starting from the 6th policy year till age 100.
Stay protected against death and total and permanent disability (TPD before age 70).
Receive additional coverage in the event of accidental death[2] before age 70 or accidental total and permanent disability before age 70.
Guaranteed acceptance regardless of your health condition.
Enjoy additional special cash benefits[3] at the 21st and 31st policy year and a centennial maturity benefit[4] at age 100.
Gain access to a range of privileges with Solitaire Club.
The monthly cash payouts[1] you receive can add up to 4.2% of your net single premium over a year (of which 1.56% is guaranteed and 2.64% is non-guaranteed).
Choose to spend these cash payouts as you wish or accumulate them with us at an interest rate of up to 3.25% p.a.[5].
Enjoy bonuses[6] based on the performance of the Life Participating Fund.
How Wealth Solitaire provides you with passive income
Mr Tan signs up for the plan with a single premium of $2,000,000.
From the start of the 6th policy year, Mr Tan begins receiving monthly cash payouts1 illustrated at $7,0002. The monthly cash payouts1 provide a monthly income stream to Mr Tan for his various lifestyle expenses, such as luxury vacations and watches.
At the start of the 21st policy year, Mr Tan receives a special cash benefit3 of $31,200.
At the start of the 31st policy year, Mr Tan receives a special cash benefit3 of $31,200.
Should Mr Tan pass away, his family will receive the death benefit of $2,946,0002, 4 and the policy terminates thereafter.
Should Mr Tan live up till age 100, he will receive a centennial maturity benefit5 of $4,218,0002 and the policy terminates thereafter.
The above figures are for illustrative purposes only and are rounded to the nearest dollar.
The non-guaranteed figures above are based on the assumption that the Life Participating Fund earns
a long-term average return of 4.75% p.a.
Should the long-term average return be 3.25% p.a., the total illustrated monthly cash
payout1 would be $4,2666 and the centennial maturity benefit5 would
be $3,166,0006. Should Mr Tan pass away at age 85, the death benefit would be
$2,396,0004, 6.
1 If the insured survives at the end of the 5th policy year, you will start to receive monthly cash payouts starting from the 61st policy month onwards till age 100. The monthly cash payout consists of the guaranteed monthly cash benefit and the non-guaranteed monthly cash bonus. The guaranteed monthly cash benefit is 0.13% of the net single premium, while your non-guaranteed monthly cash bonus is up to 0.22% of your net single premium (based on the assumption that Life Participating Fund earns a long-term average return of 4.75% per annum). Over 12 months, you would receive 1.56% of the net single premium as guaranteed cash benefit and up to 2.64% of the net single premium as non-guaranteed cash bonus. The non-guaranteed monthly cash bonus may vary according to the future performance of the Life Participating Fund. If the Life Participating Fund earns a long-term average return of 3.25% per annum, the non-guaranteed monthly cash bonus will be up to 0.08% of the net single premium. You will continue to receive your monthly cash payout at subsequent policy months if the insured is still alive and the policy has not ended. Net single premium means the single premium amount shown in the policy schedule or the reduced amount if a part of the policy has been cashed in earlier.
2 The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 4.75% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund.
3 You will receive two special cash benefits, one at the start of the 241st policy month and another at the start of the 361st policy month from the policy entry date. Each special cash benefit is guaranteed to be 1.56% of the net single premium.
4 The policy pays out 105% of the net single premium and a non-guaranteed terminal bonus in the event of the insured's death or total and permanent disability (TPD before age 70).
5 If the insured survives at the end of the policy term, which is the anniversary immediately after the insured's 100th birthday, and the policy has not already ended, the policy will pay 105% of the net single premium and a non-guaranteed terminal bonus ("centennial maturity benefit"). We will also pay any cash benefits and cash bonuses which have built up (accumulated). The policy will end when we make this payment. We will not pay any further benefits.
6 The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 3.25% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund.
© 2019 Income. All rights reserved.How Wealth Solitaire helps you with legacy planning
Mr Lee signs up for the plan with a single premium of $1,000,000 and names his 5 year-old son, Darren, as the insured.
From the start of the 6th policy year, Mr Lee begins receiving monthly cash payouts1 illustrated at $3,5002 and he chooses to accumulate them at the prevailing interest rate of up to 3.25% p.a.3 until Darren is 35 years old.
At the start of the 21st policy year, Mr Lee receives a special cash benefit4 of $15,600 and chooses to accumulate it at the prevailing interest rate of up to 3.25% p.a.3.
At the start of the 31st policy year, Mr Lee withdraws $1,647,3602, 3 for Darren's purchase of his dream house. It includes the special cash benefit4 paid at the start of the 31st policy year and the accumulated cash payouts1 (consists of 25 years of accumulated monthly cash payouts1 and the special cash benefit2 paid at the start of the 21st policy year). Mr Lee then transfers policy ownership to Darren, and Darren chooses to receive the monthly cash payouts1 for his lifestyle expenses.
Should Darren pass away, his family will receive the death benefit of $2,947,0002, 5 and the policy terminates thereafter.
Should Darren live till age 100, he will receive a centennial maturity benefit6 of $5,328,0002 and the policy terminates thereafter.
The above figures are for illustrative purposes only and are rounded to the nearest dollar.
The non-guaranteed figures above are based on the assumption that the Life Participating Fund earns
a long-term average return of 4.75% p.a.
Should the long-term average return be 3.25% p.a., the total illustrated monthly cash
payout1 would be $2,1337, the illustrated withdrawal amount for Darren's dream
house would be $835,9667 , and the centennial maturity benefit6 would be
$2,710,0007. Should Darren pass away at age 85, the death benefit for his daughter,
Natalie would be $1,714,0005, 7.
1 If the insured survives at the end of the 5th policy year, you will start to receive monthly cash payouts starting from the 61st policy month onwards till age 100. The monthly cash payout consists of the guaranteed monthly cash benefit and the non-guaranteed monthly cash bonus. The guaranteed monthly cash benefit is 0.13% of the net single premium, while your non-guaranteed monthly cash bonus is up to 0.22% of your net single premium (based on the assumption that Life Participating Fund earns a long-term average return of 4.75% per annum). Over 12 months, you would receive 1.56% of the net single premium as guaranteed cash benefit and up to 2.64% of the net single premium as non-guaranteed cash bonus. The non-guaranteed monthly cash bonus may vary according to the future performance of the Life Participating Fund. If the Life Participating Fund earns a long-term average return of 3.25% per annum, the non-guaranteed monthly cash bonus will be up to 0.08% of the net single premium. You will continue to receive your monthly cash payout at subsequent policy months if the insured is still alive and the policy has not ended. Net single premium means the single premium amount shown in the policy schedule or the reduced amount if a part of the policy has been cashed in earlier.
2 Interest rate of 3.25% per annum is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income.
3 The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 4.75% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund.
4 You will receive two special cash benefits, one at the start of the 241st policy month and another at the start of the 361st policy month from the policy entry date. Each special cash benefit is guaranteed to be 1.56% of the net single premium.
5 The policy pays out 105% of the net single premium and a non-guaranteed terminal bonus in the event of the insured's death or total and permanent disability (TPD before age 70).
6 If the insured survives at the end of the policy term, which is the anniversary immediately after the insured's 100th birthday, and the policy has not already ended, the policy will pay 105% of the net single premium and a non-guaranteed terminal bonus ("centennial maturity benefit"). We will also pay any cash benefits and cash bonuses which have built up (accumulated). The policy will end when we make this payment. We will not pay any further benefits.
7 The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 3.25% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund. If cash benefits and cash bonuses are accumulated with Income, the interest rate will be 1.75% per annum and it is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income.
© 2019 Income. All rights reserved.
There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.
This is for general information only. You can find the usual terms and conditions of this plan in the policy conditions. 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 may be zero or less than the premiums you have paid for the plan.
This policy is 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 11 August 2020.
Entry age | Minimum | Maximum |
Insured | 0 | 75 |
Policyholder | 10 ^ | N.A. |
^ Individuals who take up the policy on their own from 10 to 15 years old ( last birthday) will require parental/legal guardian’s consent. Parents cannot take up policies on the lives of their children who are 18 years old (last birthday) and above.
You need to make a one-time single premium payment with a minimum amount of $100,000. The maximum single premium is subject to underwriting.
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