A Collection of AXA Retirement / Annuity Plans [2021] | SFP
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AXA Retirement / Annuity Plans

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AXA Retirement annuity plans

AXA offers 2 different retirement / annuity plans. In this article, we collate and summarise each product from each category.

AXA retire treasure ii

AXA Retire Happy Plus (II)

Who doesn’t want a comfortable, peaceful, and secure retirement? The AXA Retire Happy Plus (II) is a retirement plan that could help you achieve that.

First, the plan guarantees a 100% return of your capital amount at the end of the payment period while offering guaranteed returns of up to 2.67% per annum.

With both the guaranteed and non-guaranteed income portion, your total retirement income can be boosted up to 4.79% per annum upon maturity.

There are 6 options for your premium payment term – Single, 5, 10, 15, 20, or 25 years with a payout period of 15 years, 20 years, or a lifetime.

Payouts start at your selected retirement age of either 50, 55, 60, 61, 62, 63, 64, 65, or 70

There is an inflated payout option to receive an increasing retirement income at 3.5% p.a.

The AXA Retire Happy Plus (II) offers coverage of 5 times of your selected retirement income in the event of total permanent disability.

There are 3 riders you can op fort to waive premiums in the event of disability, unexpected retrenchment, or critical illness.

No medical underwriting is required to apply for this plan.

Features:

  • Choose from 6 premium payment terms – Single, 5, 10, 15, 20, or 25 years
  • Choose from 3 payout periods – 15 years, 20 years, or a lifetime
  • Choose from 9 selected retirement age – 50, 55, 60, 61, 62, 63, 64, 65, or 70
  • Capital guaranteed
  • Guaranteed returns of up to 2.67% per annum
  • Receive up to 4.79% at the end of the policy
  • Inflated payout option to combat inflation rates
  • Coverage against total permanent disability
  • Choose from 3 riders
  • No medical underwriting needed

Read our full review here.

AXA retire treasure ii

AXA Retire Treasure (II)

The AXA Retire Treasure (II) is another excellent retirement plan as it guarantees a 100% return of your capital at the end of the premium payment period.

Receive a steady stream of guaranteed annual income for 10, 15, 20, 25 years, or a lifetime after you finish paying premiums to fund your retirement years.

The plan offers potential total returns of up to 4.24% per annum upon maturity from the guaranteed and non-guaranteed portions of this policy.

Upon payout, you have the option to re-deposit the guaranteed annual income with a non-guaranteed interest rate of up to 3.00% per annum.

There is a choice to appoint a secondary life assured to your plan – in the unfortunate event of death or diagnosis of terminal illness; the policy can be transferred to your next of kin. The secondary life assured will receive the annual payouts, allowing you to leave a legacy.

Premium payments can be made in a lump sum or for 5, 10, 15, 20, 25, or 30 years.

The AXA Retire Treasure (II) provides you coverage against death and terminal illness, where you can receive a payout of 101% of the total premium paid and any accumulated returns.

There are 3 optional riders for you to choose from to waive premiums in the event of disability, unexpected retrenchment, or critical illness.

No medical underwriting is required.

Features:

  • Choose from 7 premium payment terms – Single, 5, 10, 15, 20, 25, or 30 years
  • Choose from 5 payout terms – 10, 15, 20, 25 years, or a lifetime
  • Capital guaranteed
  • Potential returns of up to 4.24% per annum upon maturity
  • Option to reinvest at the non-guaranteed rate
  • Option to appoint a secondary life assured
  • Coverage against death and terminal illness
  • Choose from 3 riders
  • Guaranteed issuance of the policy

Source: https://www.axa.com.sg/savings-investments/axa-retire-treasure-ii

Conclusion

The mentioned products are summaries of each plan, and there are terms and conditions applied for each of their features.

Although some of the plans look highly attractive, not every plan is suited for you, and not every plan is as attractive as it seems. Thus, it is always advisable for you to conduct your thorough research before deciding to purchase any financial plans for yourself.

If you’re still unsure of what you should be getting for yourself, always engage a trusted financial advisor. This makes sure that your different needs and wants are taken into consideration and plans are recommended based on your unique scenario.

Disclaimer: Each article written obtained its information from reliable sources and should be purely used for informational purposes only. The information provided by Singapore Financial Planners and its affiliated parties is not meant to be construed as financial advice. Singapore Financial Planners shall not be held liable for any inaccuracies, mistakes, omissions, and losses incurred should you act upon any information listed on this website. We recommend readers to seek financial planning advice from qualified financial advisors. 

Other Useful Reads

Are you wondering which of these are best for you?

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Are you wondering which of these are best for you?

Or is your financial advisor recommending you any of these?

Talk To A Financial Advisor in Our Network

Our strict selection process ensures that only the most unbiased financial advisors get to be part of it.

This means you get:

Fill up the form and you will be matched to the best financial advisor based on your needs.

Get Financial Advice Based On YOUR Needs

Our advisors can only provide you financial services if you are currently based in Singapore.