Singlife Savvy Invest II Review

Singlife Savvy Invest II is a regular premium investment linked policy. Gain access to exclusive world-class funds at affordable monthly premiums. Enjoy yearly loyalty bonuses that boost your investment plan.

Singlife Savvy Invest II product details

• Life Policy – Investment-linked policy
• Welcome Bonus
  • Enjoy a Welcome Bonus of 60% of the first-year basic regular premium paid to boost your investment plan
• Loyalty Bonuses
  • Enjoy yearly step-up loyalty bonuses starting from 0.3% and up to 0.5% per annum after your chosen Minimum Investment Period (MIP) as a reward for staying invested
• Minimum Investment Period
  • Option to choose a Fixed MIP of 3, 5 or 10 years or a Flexible MIP of 5, 10 or 20 years
  • You can choose to pay premiums yearly, half-yearly, quarterly or monthly
• Life Stage Benefit
  • You can withdraw up to 10% of the account value at no charge in the event of life’s milestones or hospitalisation
• Change of Life Assured
  • You can change the life assured to your spouse or child (under 18) up to 2 times after the first policy year
• Option to Increase Your Investment
  • You have the flexibility to make single premium top-ups (minimum $1,000) to boost your investment at any time
• Access to Best-in-Class Funds
  • Gain investment exposure into premium funds which are usually available only to accredited investors, at a low monthly premium
• Death and Terminal Illness Coverage
  • Receive 101% of all basic premiums paid + single premium top-up less any withdrawal made or the account value in the event of Death or Terminal Illness
• Premium Waiver Riders
  • Option of 3 premium waiver riders to waive future premiums in the event of unfortunate circumstances
    
    

Read about: Investment-Linked Policy: Is it the best option?

Read about: 6 Best Investment Linked Policies in Singapore (Updated)

Features of Singlife Savvy Invest II at a glance

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

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

Additional Features and Benefits
Yes.

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

Read about: Effects of compounding returns on your investments

Singlife Savvy Invest II may be suitable if you are looking for

Singlife Savvy Invest II may potentially be a good fit if the following matters to you:

• To participate in the long-term financial returns of investing
• A full-forced investment-linked policy with no insurance coverage
• Able to take investment risks and comfortable with financial market volatility.
• Potentially higher financial returns compared to traditional Endowment and Whole Life policies.
• Insurance options without medical underwriting
  
  

Read about: An introduction to Investment Linked Policy

Singlife Savvy Invest II may not be suitable if you are looking for

Singlife Savvy Invest II may potentially be a bad fit if the following matters to you:

• Health and Protection coverage
• High Death and Terminal Illness coverage
• Insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
• Guaranteed financial returns in the long run.
• Insurance policy with a high surrender value in the early years of the policy.
• Expecting an urgent need for withdrawal during a financial market downturn.
  
  

Further considerations on Singlife Savvy Invest

• How is Singlife or Singlife Savvy Invest investment II returns based on historical performance?
• How does Singlife Savvy Invest II compare with Endowment policies from other insurance companies?
• Can Singlife Savvy Invest II fulfill my financial, insurance, health, and protection needs?
  
  

The above information may not fully highlight all the product details and features of Singlife Savvy Invest II. Talk to us or seek advice from a financial adviser before making any decision about Singlife Savvy Invest II.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering taking up.

Is Singlife Savvy Invest II suitable for me?