Last Updated on February 26, 2025 by Tree of Wealth

What if you could save for the future, protect your loved ones, and build wealth—all with one plan?

In today’s fast-changing world, financial security is more important than ever. Whether you’re planning for your child’s education, a comfortable retirement, or ensuring your loved ones are financially secure, having a reliable savings strategy is key. But with so many options available, how do you find a safe, flexible, and rewarding plan?

Enter the Singlife Smart Saver Plan—a savings and protection plan designed to grow your wealth while safeguarding your financial future. With guaranteed capital protection, potential bonuses, and legacy planning features, this plan helps you stay financially prepared for life’s milestones.

Imagine saving with confidence, knowing that your hard-earned money is safe, protected, and growing over time. Whether you’re just starting your financial journey or looking for a smarter way to preserve and pass on your wealth, the Singlife Smart Saver plan adapts to your changing needs.

Let’s dive into the features, benefits, and real-life examples of how this plan can help secure your financial future.

Key Features & Benefits At a Glance

1. 100% Capital Guaranteed – Protect Your Hard-Earned Money

One of the biggest concerns when choosing a savings plan is the risk of losing money. With Singlife Smart Saver, you can have peace of mind knowing that your total premiums paid are fully protected. This means that, no matter what happens, you will never receive less than what you put in at the policy’s maturity.

This feature makes it a low-risk option for individuals who want to preserve their savings while enjoying potential growth through bonuses. Whether you’re saving for a long-term goal like retirement or your child’s education, you can confidently plan ahead, knowing your capital is safe.

2. Flexible Policy & Premium Payment Terms – Designed to Fit Your Life

Everyone has different financial goals and budgets, and Singlife Smart Saver caters to that with customizable policy and premium payment terms. You can choose a policy term of 10 to 25 years, or even extend coverage up to age 99, ensuring that the plan aligns with your savings timeline.

In addition, you have the flexibility to choose from multiple premium payment terms, including:
✅ Single Premium (one-time payment)
✅ 3, 5, 10, 12, 15, 18, 20, or 25 years

This means you can structure your savings plan in a way that suits your income flow and financial commitments, whether you prefer to pay quickly and be done with it or spread payments over time for affordability.

3. Protection Coverage – More Than Just Savings

While Singlife Smart Saver is primarily a savings plan, it also provides a safety net for you and your loved ones. Life is unpredictable, and this plan ensures that your financial goals remain on track even in unforeseen circumstances.

✅ Death & Terminal Illness Benefit

If the insured person passes away or is diagnosed with a terminal illness, the plan provides a lump sum payout to the beneficiaries. This ensures that your family receives financial support when they need it most.

✅ Accidental Death Benefit

If the insured passes away due to an accident before age 80, an additional lump sum payout will be given to the beneficiaries—on top of the standard death benefit.

✅ Retrenchment Benefit – Financial Relief in Tough Times

Losing a job can put financial plans on hold. With Singlife Smart Saver, if the policyholder is retrenched, the plan offers a 12-month premium waiver so that savings and coverage remain intact while they get back on their feet.

These features make Singlife Smart Saver not just a savings plan, but also a financial safety net for you and your family.

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4. Potential Bonuses for Higher Returns – Grow Your Wealth

While your capital is guaranteed, Singlife Smart Saver also provides an opportunity for growth through non-guaranteed bonuses. These bonuses depend on the performance of Singlife’s participating fund, and they come in two forms:

• Reversionary Bonus: Declared annually, and once added, it becomes part of your guaranteed benefits.
• Terminal Bonus: A one-time payout at policy maturity, boosting your total returns.

These bonuses can significantly increase your total savings over time, making this plan an attractive option for those looking to earn more than just a fixed amount.

5. Legacy Planning with the Legacy Distribution Option – Pass On Your Wealth Easily

Estate planning can be complicated, but Singlife Smart Saver makes it effortless. With the Legacy Distribution Option, you can:

✅ Split your policy into multiple sub-policies at no extra cost, making wealth distribution easier.
✅ Ensure your assets are smoothly transferred to your beneficiaries according to your wishes.

This option can be exercised after your premiums are fully paid and at least five years after policy purchase. It is ideal for individuals who want to plan their wealth transfer efficiently and avoid complications in estate distribution.

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6. Secondary Life Assured Feature – Keep Your Wealth Growing

What happens to your policy if you pass away? With Singlife Smart Saver, your savings don’t have to end with you.

By appointing a Secondary Life Assured, your policy will continue to stay in force even after your passing. This means:

✅ Your savings can continue to grow, benefiting your loved ones in the long run.
✅ Your wealth accumulation remains uninterrupted, ensuring your financial goals stay on track.

This feature is especially useful for legacy planning—ensuring your hard-earned money continues working for the next generation.

7. Life Stage Add-On – Adapt to Your Changing Financial Needs

Financial goals change over time, and Singlife Smart Saver offers a unique add-on option that allows you to expand your savings plan whenever needed.

With the Life Stage Add-On, you can purchase additional Singlife Smart Saver Plus plans at lower premiums compared to the prevailing main plan. This is perfect for:

🔹 Parents who initially save for their child’s education but later want to boost their retirement savings.
🔹 Individuals who experience an increase in income and want to save more without starting a new policy from scratch.

This flexibility ensures that your savings plan grows alongside your evolving financial goals.

8. No Medical Check-Ups Required – Simple & Hassle-Free Application

Applying for insurance plans can often be time-consuming and require medical underwriting. However, with Singlife Smart Saver, you can enjoy a fast and hassle-free application process with no medical check-ups required.

This makes it ideal for:
✅ Individuals who want quick and easy approval.
✅ Those with pre-existing conditions who may not qualify for traditional insurance policies.
✅ Anyone looking for a straightforward savings and protection plan.

How Singlife Smart Saver Works: Real-Life Example Scenarios

To better understand how Singlife Smart Saver can help with financial planning, let’s look at two real-life scenarios—one focused on education and retirement planning and another on legacy planning.

📌 Planning for Your Child’s Education & Retirement

🔹 Meet Jim and Pam

A financially savvy couple, both 35 years old, who are expecting their first child, Ceci. With a combined monthly income of S$15,000, they understand the importance of long-term financial planning. Their primary goals are:
✔ Saving for Ceci’s tertiary education, which they expect to fund in 20 years.
✔ Building a comfortable retirement fund to ensure financial security in their later years.

Step 1: Saving for Ceci’s Education

To ensure they have enough funds for Ceci’s future studies, Jim purchases a Singlife Smart Saver plan with a 20-year policy term.

• He commits to paying S$4,122 annually for 10 years, with a sum assured of S$50,000.
• This disciplined savings strategy ensures that by the time Ceci turns 20, they have a substantial fund set aside.

💡 Outcome at Age 55: Jim’s policy matures, and he receives a lump sum payout of S$64,528, providing financial support for Ceci’s university education.

Step 2: Preparing for Retirement

As time goes by, Jim and Pam’s financial priorities evolve. They successfully fund Ceci’s education, and with Pam’s career growth, their combined household income increases to S$25,000 per month.

Now, they shift their focus towards boosting their retirement savings.

• At age 55, Jim decides to take advantage of the Life Stage Add-On feature.
• He purchases two additional Singlife Smart Saver Plus policies, each with a S$100,000 sum assured—one for himself and one for Pam.
• He pays S$13,877 per plan annually for five years, ensuring a strong financial cushion for their retirement years.

💡 Outcome at Age 65:
By the time they retire, Jim and Pam receive a combined payout of S$320,764 from their Smart Saver Plus plans. This is on top of their CPF savings and other investments, giving them the financial freedom to enjoy their golden years without worry.

📌 Key Takeaways from Jim & Pam’s Story:
✅ Started with a small, manageable savings plan for their child’s education.
✅ Adapted their plan using the Life Stage Add-On to build retirement savings.
✅ Received a total payout of S$385,292 (S$64,528 + S$320,764) over time.
✅ Ensured financial security for both their child’s future and their own retirement.

📌 Legacy Planning with Singlife Smart Saver

🔹 Meet Arthur – A 50-year-old high-income earner with a monthly income of S$40,000. His goal is to diversify his financial portfolio and ensure his wife, Kim, and daughter, Joy, are financially secure after he’s gone.

Arthur wants to:
✔ Leave behind at least S$1.2 million for his family.
✔ Distribute his wealth efficiently and reduce estate planning complications.

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Step 1: Setting Up His Financial Legacy

Arthur purchases a Singlife Smart Saver policy with a S$1.2 million sum assured.

• He pays S$164,664 annually for 3 years, ensuring that he fully funds the policy in a short period.
• This strategy helps him minimize long-term financial commitments while securing a large sum for his family’s future.

💡 Outcome at Age 53: Arthur has fully paid S$493,992, and the policy continues growing.

Step 2: Legacy Distribution for His Family

At age 55, Arthur wants to distribute his wealth strategically while keeping things flexible for his family. He utilizes the Legacy Distribution Option to split his policy into two parts:

• 55% to his wife, Kim, ensuring she has sufficient funds for retirement.
• 45% to his daughter, Joy, as a financial head start for her future.

📌 Kim’s Options:
✅ She can withdraw her share early for S$277,890 to fund her retirement.
✅ OR she can wait for full maturity, receiving a higher payout of S$1,712,806.

📌 Joy’s Benefits:
✅ By waiting until full policy maturity, she receives a payout of S$1,401,387—securing her financial future.

💡 Outcome at Full Maturity: Arthur’s family collectively receives a legacy payout of over S$3.1 million, depending on their withdrawal decisions.

📌 Key Takeaways from Arthur’s Story:
✅ Fully funded his policy in just 3 years, ensuring financial security for his family.
✅ Used the Legacy Distribution Option to split and customize how his wealth is distributed.
✅ His family had the flexibility to withdraw early or wait for higher maturity payouts.
✅ Ensured his wealth continued growing, rather than being depleted in one lump sum.

Why These Scenarios Matter

These real-life examples show how Singlife Smart Saver can be used to adapt to different financial goals.

💡 For young parents like Jim & Pam:

• Start small and grow your savings over time.
• Flexibility to increase contributions when income improves.
• Secure both education and retirement goals.

💡 For high-net-worth individuals like Arthur:

• Strategic short-term funding for long-term legacy planning.
• Legacy Distribution ensures wealth is shared effectively.
• Beneficiaries have options on when and how to use their inheritance.

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How Singlife Smart Saver Works At a Glance

Who Should Consider Singlife Smart Saver?

✅ Individuals looking for a low-risk savings plan with guaranteed capital.
✅ Parents planning for their children’s education.
✅ Working professionals building retirement savings.
✅ Individuals interested in legacy and wealth distribution planning.

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Is Singlife Smart Saver Right for You?

Singlife Smart Saver is a well-rounded savings plan offering financial security, capital protection, and long-term growth opportunities. It is especially suitable for those looking for structured savings with additional protection benefits. However, as with any financial product, it’s best to consult a financial advisor to determine if this plan aligns with your personal financial goals.

Whether you’re planning for your child’s future, your retirement, or a financial legacy, Singlife Smart Saverprovides a structured yet flexible savings solution tailored to your needs.

Would you like to explore how Singlife Smart Saver fits into your financial journey? Speak to a financial adviser today!