NTUC Income Luxe Plus Solitaire Review

NTUC Income Luxe Plus Solitaire provides monthly cash payouts with a single premium.

NTUC Income Luxe Plus Solitaire product details

• Life policy – Universal Life Insurance
• Single premium.
• Lifetime monthly cash payouts.
  • From the end of the 3rd policy year, you’ll receive monthly cash payouts till age 120.
• Empowered with choice.
  • Choose to receive your cash payouts or accumulate it to receive interest at a rate of up to 3.00% p.a.
• Appointment of secondary insured..
  • Leave a legacy and appoint your loved one as your policy’s secondary insured to continue your wealth accumulation.
• Receive protection till age 120.
  • In the unfortunate event of the insured’s death or diagnosis of terminal illness, a lump sum benefit consisting of 105% of the net single premium and a non-guaranteed terminal bonus will be paid.
• Maturity benefit at age 120.
  • Receive a maturity benefit of 120% of the net single premium and a non-guaranteed terminal bonus, at the point of policy maturity when the original insured reaches 120 years old.
• Guaranteed issuance.
  • Application is hassle-free and acceptance is guaranteed regardless of health conditions. There is no need for any medical check-up.
    
    

Read About: 3 things to consider before taking up a new financial product

Features of NTUC Income Luxe Plus Solitaire at a glance

Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes

Health and Insurance Coverage
Death: Yes
Total Permanent Disability: No
Terminal Illness: Yes
Critical Illness: No
Early Critical Illness: No

Health and Insurance Coverage Multiplier
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No

Optional Add-on Riders
Nil

Additional Features and Benefits
Yes.

For further information and details, refer to NTUC Income website. Alternatively, fill-up the form below and let us advise accordingly.

Read About: Effects of compounding returns

Is NTUC Income Luxe Plus Solitaire suitable for me?