Meet Your Lifetime Retirement Income Needs with TM Retirement

Meet Your Lifetime Retirement Income Needs with TM Retirement
PaycheckLife for a Sustainable and Comfortable Retirement Lifestyle
TM Retirement PaycheckLife gives more certainty for retirement planning and greater assurance for
your spouse - guaranteed lifetime retirement income with guaranteed monthly paychecks1 and yearly
bonuses2 of up to 12 times the guaranteed monthly paychecks to complement your retirement
funding.
Singapore, 20 August 2014 – Tokio Marine Life Insurance Singapore Ltd. (“TMLS”), one of
Singapore’s fastest growing insurers, has launched another customer-centric retirement
plan – TM Retirement PaycheckLife, to expand its suite of retirement savings solutions for
your sustainable retirement needs.
Ideal for customers seeking higher guaranteed payouts and an option to plan for their
retirement with their spouse, TM Retirement PaycheckLife provides customers with
guaranteed lifetime retirement income through two income sources: guaranteed monthly
paychecks and non-guaranteed yearly bonuses of up to 12 times their monthly paychecks.
Mr. Lance Tay, Chief Executive Officer of TMLS, said: “It is never too early to plan for
retirement. With the higher cost of living and a fast ageing population in Singapore, we
recognise that Singaporeans are increasingly concerned if they can still enjoy a comfortable
retirement lifestyle. To fill this gap, we have designed TM Retirement PaycheckLife as a
lifetime retirement income solution to supplement customers’ CPF LIFE payouts and other
savings for an adequate and sustainable retirement funding.
As one of the dominant providers of retirement plans in Singapore to meet customers’
retirement and legacy planning needs, we are very focused on improving their retirement
positions. In fact, we are one of the few insurers in Singapore who can provide lifetime
income retirement plans for our customers.”
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1 The first guaranteed monthly paycheck will commence on the policy anniversary on which the life assured reaches the
selected retirement age.
2 The first yearly bonus will commence on the policy anniversary on which the life assured reaches the selected retirement
age. It is an annual dividend and is non-guaranteed. The yearly bonuses and dividends are based on a projected investment
rate of return of 4.75% p.a. on the Participating Fund. As these bonuses and dividends are not guaranteed, the actual
amount payable may vary according to the future performance of the Participating Fund.
According to an article in The Straits Times3, Singapore ranks fourth in the world for life
expectancy - women can expect to live to 85 years and men to the age of 80. With women
having longer lifespans and 4 out of 10 women leaving the workforce to take care of their
families4, this also means that women are more vulnerable to face inadequate funds during
retirement or old age.
Addressing this growing financial pressure, TM Retirement PaycheckLife provides a joint life
option5 that can ease the financial stress for the surviving spouse by providing the same
income stream to meet their self-retirement funding needs. The same benefits also apply
for individuals purchasing the plan too.
TM Retirement PaycheckLife also offers the option for customers to enhance their coverage
through riders6.
The other key features of TM Retirement PaycheckLife include:
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Capital guaranteed – Once the customer reaches his selected retirement age, he can
receive at least 100 per cent of his total annual premiums7 in the form of a
guaranteed surrender value plus the guaranteed monthly paychecks.
Choices of retirement age and premium payment terms – Retirement age options
are 55, 60 or 65 years. Customers can also choose to pay their premiums over 5, 10
or 15 years based on their financial comfort level.
Guaranteed acceptance of application – No medical check-ups and health
declaration needed.
Added security – Customers can enjoy enhanced protection with our optional
riders6. Our new Cancer Waiver Rider is available from as low as 1%8 of their basic
plans’ premiums.
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3 Source: “Singapore ranks world No. 4 for life expectancy” article by The Straits Times, 27 May 2013.
4 Source: “Improving women’s lot in retirement” article by The Straits Times, 30 May 2014.
5 The retirement age is based on the older life assured.
6 Riders are available for single life applications, except for Cancer Waiver Rider which is available to both single and joint
life applications. Riders may be subject to full underwriting. Refer to Product Summary for details.
7 Applicable to annual premium payment mode only. It refers to the total premiums paid for the basic plan, excluding any
premium loadings and interest paid for loans and reinstatement (if applicable) under the policy.
8 Based on the profile of a 40-year-old male, non-smoker and premium payment term of 5 years.
About Tokio Marine Life Insurance Singapore Ltd.
Tokio Marine Life Insurance Singapore Ltd. is part of Tokio Marine Holdings Inc. with over
130 years of history. As at March 2013, Tokio Marine Holdings Inc. has a market
capitalisation of close to US$22 billion and total assets of around US$191 billion. With its
presence spreading over 456 cities in 37 countries, Tokio Marine is indisputably one of the
largest insurance groups in the world.
Our reputation in Singapore as a leading life insurer has been gained through our strong
investment returns, disciplined underwriting and careful expense management.
We are committed to bring meaningful product solutions to meet your individual and
corporate insurance needs.
Driven by Customer-Focus, Integrity and Excellence as our core values, we endeavour to be
your preferred insurance partner for life.
For media enquiries, please contact:
Tokio Marine Life Insurance Singapore Ltd.
Edelman Singapore
Manisha Seewal
Evelyn Yeo
Tel: 6592 6109
Tel: 6347 2359
Email: [email protected]
Email: [email protected]
Abigail Han
Tel: 6592 7398
Email: [email protected]

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