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China Taiping Infinite Harvest (III) Review

Infinite Harvest (III)

Last Updated on by Tree of Wealth

We also did a comparison with NTUC Income Wealth Solitaire and Aviva’s MyLifeIncome II (Single Premium Option) for Best Single Premium Lifetime Income Plan.

Features At a Glance

Monthly Cash Payout For Life

Starting from the 5th policy anniversary, there will be a monthly payout with a one-time Single Premium term.

In over a year, the cash payouts can accumulate up to 3.63% of your net single premium. Over 12 months, this thus forms the guaranteed cash payout of 1.44% of your single premium and up to 2.19% of non-guaranteed cash bonus (based on an IIRR of 4.25% p.a. on the Participating Fund). There is also an option to re-invest the monthly payout at China Taiping’s prevailing interest rate.

The payouts can be used in however you wish, which lasts for life.

How It Works

how Infinite Harvest (II) works
source: China Taiping

Lifetime Income For Future Generations

You can name your child (below age 18) as the Life Assured to start receiving the monthly cash payout. Upon reaching 18 years old for the child, there is an option to transfer ownership of the policy to the child to continue receiving the stable stream of income for life. Your grandchildren will receive a lump sum payout eventually when your child passes on, making this plan a true legacy plan lasting for 3 generations.

how Infinite Harvest (II) works
source: China Taiping

Death Protection

Be covered against Death on 105% of the single premium paid, a non-guaranteed terminal dividend as well as accumulated monthly cash payouts re-invested with Insurer, with the prevailing interest accrued.

Guaranteed Issuance Option

Application is hassle free & simple, and acceptance is guaranteed regardless of your health condition. No medical questionnaires nor health check-up required. China Taiping also guarantees a cash surrender value of 80% of your single premiums paid from day one. This allows for immediate liquidity whenever you need them.

How China Taiping Infinite Harvest (III) Works


How China Taiping Infinite Harvest (III) Works 1
source: China Taiping



How China Taiping Infinite Harvest (III) Works 2
source: China Taiping

Conclusion For Infinite Harvest (III)

Are you considering starting a Lifetime Income plan with a Single Premium? China Taiping’s Infinite Harvest (III) has features that enables you to receive a lifetime of income and if you would like to lengthen and fully maximise the plan, you can name your child below age 18 to start receiving the payouts and potentially even leaving for your grandchildren a lump sum payout. Essentially, this is a plan that spans for 3 generations.

Let us do the homework and help you compare across the different retirement plans in the market to save you time. Drop us an inquiry below and our professional experienced licensed FA advisor will get in touch with you shortly upon your request.

No obligations. No hidden fees and costs. Just professional advice.

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