Saturday, July 26, 2008

Life annuity with capital protection

Dear Mr. Tan,

I have just turned 55 and my wife will be, at the end of the year. We are interested to take up annuity policy with capital protection of $150,000 each. What are the monthly payouts like? Please provide details for both genders for payouts from 55 and 62.

REPLY

You can read this FAQ to understand the annuity, so that you can make the right decision:
http://www.tankinlian.com/faq/life.html

You can contact the insurance companies directly and ask them to quote to you. Their telephone numbers are available from this webpage:

http://www.tankinlian.com/faq/termd.html
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1 comment:

zhummmeng said...

There is no capital protection . On the contrary annuity is partial destruction of capital. Your payout is part bonus and principle.
Currently, there is no annuity that gives DECENT payouts not even the so called variable annuity.Don't fall for the tout that "mine is better than others ploy". If there is none just park in some money market funds for some protection against inflation while waiting for opportunities...
If you are willing to take a little a bit of risk invest in a broadly diversified fund and do a draw down for your monthly annuity.
First get a qualified investment adviser and NOT an insurance salesman. Decide the risk and the return and the payouts.

July 27, 2008 7:32 PM

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