Life Income Plus

Why choose FWD Life Income Plus?

FWD Life Income Plus is a participating whole of life plan that provides regular Cash Benefit payouts up to the original person insured’s 120^th birthday.

Capital guaranteed from as early as the end of 3^rd policy year

100% of your total premiums paid (excluding premiums paid on riders) are guaranteed as early as from the end of the 3^rd policy year¹.

Enjoy passive income on a monthly or annual basis through Cash Benefit payouts

Receive Cash Benefit payouts as early as from the end of the 3^rd policy year up till the original person insured’s 120^th birthday.

Enhance your passive income through additional Cash Benefit Plus payouts

Have your passive income boosted by additional Cash Benefit Plus payouts that you will receive starting from the policy anniversary immediately after the original person insured turns 60 at the last birthday, or from the end of the 20^th policy year after the first Cash Benefit is paid out, whichever is later.

Product highlights

Capital guaranteed from as early as the end of 3rd policy year

Ease your mind, knowing that 100% of your total premiums are guaranteed from as early as the end of the 3^rd policy year¹.

Attractive total returns

Grow your wealth with an attractive yield upon maturity of up to 3.41% p.a.²

Lifelong passive income

Receive cash benefit payouts of up to 4% p.a. of your total premiums paid³. Use your passive income payouts to fund your dream holiday or supplement your retirement income, as early as from the end of the 3^rd policy year⁴ up till the original person insured’s 120^th birthday.

Flexible income options

Enjoy the flexibility to receive your cash benefit payouts either monthly or yearly. You may even choose to accumulate your cash benefit payouts with us at an interest rate of up to 3.25% p.a.⁵.

Lump sum maturity benefit

Here’s more: you can leave a positive legacy through a lump sum maturity benefit upon reaching the policy maturity date, provided that the active person insured is still alive.

Short premium commitments

Tailored to meet your unique needs, choose your preferred premium term of single premium, 3, 5 or 10 years.

Option to continue your policy to the next generation

With the secondary person insured option, you can appoint a loved one to continue the policy even when the active person insured passes on. You can also ensure that the next generation gets to enjoy the policy benefits, such as the Cash Benefit payouts, through the transfer of policy ownership and the change of person insured option.

Financial protection while you save

We will pay a lump sum in the event of the death or terminal illness diagnosis of the active person insured⁶ so that your loved ones are financially protected.

Read the policy wording

English brochure

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Chinese brochure

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FWD CI Premium Waiver Rider

We want you to focus on recovery should the unforeseen happens. We will waive future premiums on the base plan and attaching riders (where applicable) if the person insured is diagnosed with any of the covered critical illnesses.

FWD Payer Premium Waiver Rider

We will waive future premiums on the base plan and attaching riders (where applicable) if the policy owner dies, becomes totally and permanently disabled or is diagnosed with any of the covered critical illnesses. This enables the policy to remain in force so that your dependent continues to enjoy the same policy benefits.

Our financial advisory partners

FWD works with a range of partners to bring the best in insurance.

Important notes

FWD Life Income Plus is underwritten by FWD Singapore Pte. Ltd. (FWD), [Reg. No. 200501737H], and is only available through our authorised distributors. There are certain conditions such as pre-existing conditions and exclusions, whereby no benefits will be payable. If you aren’t completely satisfied with your policy, and you haven’t made a claim under it, you have 14 calendar days from the date you receive your policy to cancel it. Please refer to the policy contract for more details on the product benefits.

The Cash Benefit, Cash Benefit Plus, Surrender Value and Maturity Benefit in the illustrations above are based on an illustrated investment rate of return (IIRR) of 4.25% p.a.. As bonus rates are not guaranteed, the actual benefits will vary according to the future performance of the Participating Fund. For more details, please refer to the Product Summary and Policy Illustration.

1. The guaranteed surrender value is equivalent to the total premiums paid (excluding premiums paid on riders) at the end of:

policy year 3 for single premium policies and 3-year regular premium payment term policies;
policy year 5 for 5-year regular premium payment term policies;
policy year 10 for 10-year regular premium payment term policies;

as long as premiums are paid up to date.

2. This is based on coverage for a person insured between age 30 to 40, with sum insured of S$100,000 who is paying annual premiums over 10 years, selecting the payout option. For more details, please refer to the Product Summary and Policy Illustration. Yield upon maturity is based on an IIRR of 4.25% p.a.. At IIRR of 3.00% p.a., the yield upon maturity is 2.37% p.a..

3. Premiums are assumed to be paid annually. Premiums payable on riders are not included. Cash benefit payouts of 4% p.a. is based on coverage for a person insured between age 0 to 49, with sum insured of S$100,000 who is paying annual premiums over 10 years.
Total cash benefit payouts includes:

guaranteed Cash Benefit;
non-guaranteed Cash Benefit; and
non-guaranteed Cash Benefit Plus.

The cash benefit payouts is illustrated based on an IIRR of 4.25% p.a.. At IIRR of 3.00% p.a., the cash benefit payouts is 2.626% p.a.

4. The Cash Benefit will be payable either every policy anniversary (for the annual payout option), or policy monthiversary (for the monthly payout option), with payouts starting from:

end of policy year 3/ 36th policy month for single premium policies;
end of policy year 5/ 60th policy month for 3-year and 5-year regular premium payment term polices; and
end of policy year 10/ 120th policy month for 10-year regular premium payment term polices.

The Cash Benefit Plus will be payable either every policy anniversary (for the annual payout option), or policy monthiversary (for the monthly payout option), starting from the:

policy anniversary immediately after the original person insured turns age 60 at last birthday; or
end of the 20th policy year after the first Cash Benefit is paid out,

whichever is later.

5. At IIRR of 4.25% p.a., the cash benefit payouts are accumulated with us at a non-guaranteed interest rate of 3.25% p.a. At IIRR of 3.00% p.a., the non-guaranteed interest rate is 2.00% p.a.

6. The death and terminal illness benefit will be paid if there is no secondary person insured appointed.

This website contains only general information and does not have any regard to the specific investment objectives, financial situation and the particular needs of any specific person. All insurance applications are subject to FWD’s underwriting and acceptance. This does not constitute an offer to buy or sell an insurance product or service. Please refer to the exact terms and conditions, specific details and exclusions applicable in the policy documents that can be obtained from our financial advisory partners. You may wish to seek advice from a financial adviser representative for a financial needs analysis before purchasing a policy suitable to meet your needs.

FWD Life Income Plus is a participating whole life plan offered by FWD Singapore Pte. Ltd., which invests part of your premiums into FWD’s participating fund and comprises guaranteed and non-guaranteed benefits. The actual benefits payable will be based on the actual performance of the assets of the participating fund. Past performance is not an indication of future performance.

As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the General Insurance Association of Singapore (GIA)/ Life Insurance Association (LIA) websites (www.gia.org.sg) (www.lia.org.sg) or SDIC websites (www.sdic.org.sg)

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Information is correct as at 25 April 2024.