Income Payout Period - Up to 80 or 90 years old, or for life
https://www.prudential.com.hk/prumyretireme...y/index-zh.html
GOOD CALCULATOR!!!
Jason, age 40, plans to retire at age 65 and would like to receive a Guaranteed
Monthly Income of S$3,000 up to age 90. He selects XX plan and will pay
his premiums annually for 20 years.
Payouts assuming Jason converts his accumulated annual bonus into Additional Monthly Income:
In addition to the payout benefits above,
i) Premium payment will be waived6 if Jason suffers from
Total and Permanent disability during his premium
payment period.
ii) If Jason suffers Loss of Independence during his income
payout period, he will receive an additional S$3,000
Guaranteed Monthly Income.
iii) Jason also benefits from protection for loss of life
throughout the policy term.
Be ready for a more comfortable retirement
Total premium payment
S$2,066/mth x 20yrs = S$495,8407
Non-guaranteed
cash bonus = S$1,155/mth
Additional Monthly Income = S$751/mth
Total Guaranteed Monthly Income
S$3,000 x 12 x 25yrs = S$900,000
Total projected payout
S$58,872/yr x 25yrs = S$1,471,8009
Guaranteed return at maturity: 2.27%
one month premuim is about 2k sgd!!!!
but you can retire like a government servant!!!
http://www.jpa.gov.my/index.php?option=com...mid=992&lang=en
WHAT ARE THE LOWEST AMOUNT OF PENSION PAID?
Lowest pension paid for those who served at least 25 years old (300 months) are RM820 which was effective by 1st January 2012.
WHAT ARE THE MAXIMUM AMOUNT OF PENSION PAID?
Maximum pension paid are 3/5 or 60% from the last drawn salary.
This post has been edited by PLOUFFLE: Oct 17 2017, 07:44 AM
insurance nowadays so powerful!, you can become government servant!!!