Retire

MY Lifetime Immediate Annuity

Are you ready for your dream retirement?

MY Lifetime Immediate Annuity offers you guaranteed lifetime annuity income with a single premium, even if you live up to age 100 or even longer. What’s more, the plan offers you a full range of annuity options to cope with your individual needs.

Guaranteed Refund of

125% Premium

Issue Age
Age 55 – 75
Benefit Term
Whole of Life
Premium Payment Term
Single Premium

Product Features

Guaranteed Lifetime Annuity Income

MY Lifetime Immediate Annuity¹ offers you guaranteed lifetime annuity income with a single premium, even if you live up to age 100 or even longer
The monthly annuity will be paid as if you will continue to receive your monthly salary for the rest of your life.

¹ An Immediate Annuity is a contract by which an insurance company will pay a regular annuity payment (e.g. on a monthly basis) to its annuitants for life in exchange for a single premium. The regular annuity payment represents a portion of the single premium and an investment return on the single premium.

Guaranteed Annuity Rate

Locks in an annuity rate of about 5% - 7% p.a.² for your lifetime annuity income.

²The annuity rate stated is for reference only and not guaranteed. The actual annuity rate offered to the applicant may be higher or lower and will be based on the annuity rate applicable at the time of policy issue. Upon policy issue, the actual annuity rate will be fixed and guaranteed for life.

Guaranteed Refund of 125% Premium

If the total Annuity Income received by the Insured (and his/her spouse, if applicable) is less than 125% of total premium paid when the annuitant(s) pass(es) away, the beneficiary will continue to receive the annuity until the balance has been fully paid.

3 Annuity Options to Suit Your Retirement Needs

The plan offers 3 lifetime fixed-income annuity options to cater for your retirement needs, with a guaranteed refund of 125% premium.

Option 1

Lifetime Fixed-income Annuity

The Insured receives a lifetime fixed-income annuity.

Option 2

Lifetime Fixed-income Annuity – Joint Annuitant

The Insured will share 100% of annuity income with his/her spouse.
If, when either annuitant passes away, the total annuity income already received is more than 125% of the premium paid, the other will continue to receive 2/3 of the annuity for the rest of his/her life.

Option 3

Lifetime Fixed-income Annuity – Critical Illness Double Annuity

During the annuity period, if the Insured is first diagnosed to be suffering from a Critical Illness, including later-stage cancer, heart attack, kidney failure, stroke, or having coronary artery bypass surgery, the monthly annuity income will be doubled, subject to a maximum of 60 months. After that, the Insured will continue to receive 100% monthly annuity income for the rest of his/her life.

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