Delightful Retirement Annuity Plan (Lifelong)
With financial challenges brought by longevity, you need to plan with extra care, making sure you have a lifelong monthly income in order to achieve a wonderful retirement life. Tahoe Life’s Delightful Retirement Annuity Plan (Lifelong) (the “Plan”) is an immediate annuity plan providing monthly annuity income guaranteed for life, helping you achieve a hassle-free and wonderful retirement life.
While the policy is in force, the Plan provides1 monthly annuity income guaranteed for life. The monthly annuity income is comprised of both guaranteed and non-guaranteed2 portions. You may choose to leave them in the policy to earn interest3 or to receive the monthly annuity income in cash monthly, helping you fulfill the retirement plan.
In the unfortunate event that the insured passes away when the total amount of monthly annuity income (whether accumulated or withdrawn) is less than 110% of the total basic plan premiums due and paid, the Plan will provide monthly benefit amount to the designated beneficiaries as death benefit until the death benefit balance4 is fully paid, ensuring your financial stability due to the death of the insured. The monthly benefit amount will be equivalent to the amount of monthly annuity income received by the insured just before he/she passes away. However, this guaranteed capital preservation is not applicable to early policy surrender.
interest rate of 5.15% p.a.５ in the first policy year
You may choose to prepay your second year premium at the time of policy application. The prepaid premium will be accumulated at a guaranteed interest rate of 5.15% p.a. in the first policy year. Thus, you are only required to pay the net premium after deducting the guaranteed interest which helps you save money.
The premium payment term of the Plan is two years only. The premium is guaranteed to remain unchanged once it is determined, facilitating better financial planning for your future.
The Plan provides an additional accidental death benefit for the insured. Its coverage is equivalent to 100% of the total basic plan premiums due and paid of the policy, up to USD125,000 (per insured), providing extra peace of mind to you and your loved ones.