Increase the investment in a life annuity

Dear Mr Tan

Since 2002, I have bought four separate annuity policies (total of $150,000 in single premium) with NTUC Income. The annuity payout will commence from age 62.

I am now 59 yrs old and a retiree. I am thinking of buying another annuity policy of a single premium of $50,000 with annual payout to commence from age 67. I can realise this sum from the sale of my stock investments.

What is your advice?

-----------------------------------------------

REPLY

You have invested a total of about $150,000 in life annuity. The additional life annuity will increase the total to $200,000. I think that this is a good idea.

------------------------------------------------

FROM INSURANCE ADVISER

Dear

Thank you for putting your trust with NTUC Income.

Most people take Annuity Policy from NTUC Income. Over the years, under the leadership of Mr Tan Kin Lian, many started to enjoy the wonderful benefits from our plan.

In fact, the annuity gives you more money from year to year. We have annual bonuses added to your monthly annuity. This bonus is compounded, hence the annuity grows.

The stock market is at all time high now, it is a good move to take profit and invest the money in the Annuity plan.

If you have a dependent, our life annuity can serves as a love gift to him/her for life.