MyLifeIncome II

Guaranteed yearly income for life

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Enjoy an additional stream of income - for the rest of your life

This source of passive income can help you cover your necessities and give you assurance when the unexpected happens, or should you choose to take a sabbatical from work.

Lifetime yearly payouts

Your Yearly Income1 consists of Guaranteed Cash Benefit and Cash Bonus, that is up to 6.35% of your Sum Assured2.

100% capital guaranteed

At the end of the Accumulation Period or earlier, depending on your chosen premium payment term and Accumulation Period3.

Decide when to receive your Yearly Income

Choose the premium payment term and Accumulation Period from various available options.

What MyLifeIncome II offers

With the yearly payouts from MyLifeIncome II, you'll have an additional cash flow for your family holidays, kids' education or retirement fund and more.

 

Key benefits

  • Guaranteed yearly income1 for life as long as the policy is in force.
  • Payouts of up to 6.35% of Sum Assured2 every year
    Yearly Income1 = Guaranteed Cash Benefit (0.95% of Sum Assured) plus Cash Bonus (5.40% of Sum Assured).
  • 100% capital guaranteed3 at the end of the Accumulation Period or earlier, depending on your chosen premium payment term and Accumulation Period. 
  • Booster Bonus4 (0.5% of Sum Assured), so you enjoy higher returns for staying with us in the long-term.
  • Protection Cover
    Financial protection for Death and Terminal Illness5.
  • Guaranteed acceptance
    No medical check-ups needed.
  • Flexible premium payment method
    Pay premiums using cash or Supplementary Retirement Scheme (SRS) funds6.

Decide when you want to start receiving your Yearly Income

Pick the premium payment term and Accumulation Period that best suits your needs. Payouts start after the end of the premium payment term and Accumulation Period.

  • Premium payment term options:
    Single premium or premium payment term of 3, 5, 10, 15, 20 or 25 years7
  • Accumulation Period options (based on premium payment term):
    - For Single Premium: 4 to 20 years
    - For 3 years premium payment term: 2 to 20 years
    - For 5, 10, 15, 20, 25 years premium payment term: 0 to 20 years

Note: Accumulation Period is the period from the end of the premium payment term until the first payment of Yearly Income (subject to a maximum of 80 Age Next Birthday (ANB) for the sum of entry age, premium payment term and Accumulation Period).

 

Add-on riders to MyLifeIncome II

Cushion your savings from the impact of unforeseen events in life with guaranteed issuance riders8.

Cancer Premium Waiver II

All future premiums waived in the event policyholder is diagnosed with Major Cancer.

EasyTerm

Additional lump-sum cash payment of up to 5x basic plan's annual premium in the event of policyholder's Death, Terminal Illness or Total and Permanent Disability.

EasyPayer Premium Waiver

All future premiums waived in the event of policyholder's Death, Terminal Illness or Total and Permanent Disability, so your loved ones' savings fund will continue to grow.

Footnotes

Ready to plan for your future?

Make an appointment with us to secure a guaranteed source of yearly income today.

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The policy is underwritten by Aviva Ltd.

This is published for general information only and does not have regard to the specific investment objectives, financial situation and particular needs of any specific person. A copy of the Product Summary may be obtained from Aviva Ltd and the participating distributor's offices. You should read the Product Summary before deciding whether to purchase the product. You may wish to seek advice from a financial adviser representative before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser representative, you should consider whether the product in question is suitable for you. As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. Buying a health insurance policy that is not suitable for you may impact your ability to finance your future healthcare needs.

This is not a contract of insurance. Full details of the standard terms and conditions of this policy can be found in the relevant policy contract.

Information is accurate as at 26 August 2020.

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

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 Aviva Ltd or visit the Life Insurance Association Singapore or SDIC websites (www.lia.org.sg or www.sdic.org.sg).