Close this search box.

HSBC Life Retirement Income II Plan Review

HSBC Life Retirement Income II Plan Review

Last Updated on by Tree of Wealth

Subscribe to our Telegram & Email Newsletter for immediate updates!

Planning for retirement is important to ensure that you can enjoy your golden years and fulfill your promises to your loved ones. While it may be easier to dream about retirement than to plan for it, starting early can make all the difference.

Retirement can be just as fulfilling as you imagine it to be, whether it’s spending time with family, traveling, or pursuing hobbies. Having a regular income during retirement can provide you with peace of mind and make it easier to fund the lifestyle you desire.

HSBC Life Retirement Income II is a financial solution that can provide you with monthly financial support during retirement, helping you to keep the promises you’ve made to yourself and your loved ones. With this plan, you can enjoy your retirement without worrying about financial constraints.

Interested to learn more?

Fill in the form below and we will get back to you!

Features At a Glance

  • Choose when you want to retire: 55, 60, 65, or 70.
  • Get a monthly payout of at least S$300.
  • Choose Income Payout Period of 10-20 years or until age 99
  • Pay with cash or your Supplementary Retirement Scheme account.
  • Choose to pay premiums for the same time as the payout period, in one go, or for 5-10 years.

Additional Benefits

Unemployment Support Benefit

The Unemployment Support Benefit provides policyholders with the option to defer premium payments for up to 365 days in the event of job loss. This benefit can help provide financial relief during a challenging time.

Waiver of Premium Benefit

The Waiver of Premium Benefit waives all future premiums in the event of the policyholder or their spouse being diagnosed with Total and Permanent Disability, or in the event of their spouse’s death. This benefit helps to ensure that the policyholder’s financial security is not compromised in the face of unexpected life events.

Chronic Illness Care Benefit

The Chronic Illness Care Benefit offers an additional 100% of the Guaranteed Monthly Payout if the policyholder is diagnosed with certain chronic illnesses, such as Parkinson’s Disease or Alzheimer’s Disease. This benefit can help cover the costs associated with these conditions and provide additional financial support to the policyholder and their loved ones.

Interested to learn more?

Fill in the form below and we will get back to you!

Mobility Care Benefit

The Mobility Care Benefit offers a lump sum payout worth 20 times the Guaranteed Monthly Payout (up to S$25,000) in the event of the policyholder being diagnosed with Osteoporosis with Fractures or Severe Rheumatoid Arthritis. This benefit can provide the policyholder with a financial cushion to help cover the costs of treatment and support their recovery.

These benefits can be crucial in providing policyholders with the financial protection they need to weather unexpected life events and maintain their quality of life.

How The HSBC Life Retirement Income II Works

How The HSBC Life Retirement Income II Works
source: HSBC Life
HSBC LifeRetirement Income II
source: HSBC Life

It Would Be Suitable If:

  • You have a sum of money but do not want to leave it to devalue in bank accounts with bank interest rates
  • You are looking for regular stream of income that lasts during retirement age and when you stop working

Interested to learn more?

Fill in the form below and we will get back to you!

It would however be less suitable if:

  • You are looking for a high protection cover
  • Early Critical illness protection

It’s always a good idea to compare retirement plans in the market to find one that best suits your needs, if you’re unsure whether the plans are right for you, feel free to reach out to us for more information.

Our team of professional Financial Advisors can provide you with clear, jargon-free advice and help you understand the features and benefits of our retirement plans. There’s no obligation to sign up, so you can make an informed decision about your retirement without any pressure.

Contact us today to learn more about our retirement solutions and how they can help you achieve your retirement goals!

Subscribe to our Telegram & Email Newsletter for immediate updates!

    Related Articles

    subscribe now

    Get email updates on the latest financial nuggets!

    A Comprehensive Guide – Critical Illness VS Early CI Coverage: What It Is & How it Works

    Get the latest insight on the Ultimate Guide on Critical Illness Coverage & How you should plan on it

    Fill in the form and get the downloadable copy for free.