Preferential entry right to designated Elderly Homes
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RetireJoy Case Illustrations
Enjoy the advantage of knowing what you can expect
Have you thought about your retirement? What do you want to do in retirement?
Learn about real cases with which you can better realize the advantages on subscribing RetireJoy Annuity Plan.
Discover some cases that will inspire you to plan in advance
Silvia, aged 57, working in public sector, will retire at the age of 65. Apart from the lump sum pension payment to be received after retirement, she wishes to receive a stable monthly income as well.
So she subscribes to RetireJoy Annuity Plan.
Therefore, Silvia will receive the Monthly Annuity Benefit from the age of 65 until 105. After Policy Maturity, the Maturity Benefit (Terminal Dividend) shall be paid to her if she is living at the time of payment.
Philip aged 45, a sales manager of a FMCG company, plans to retire at the age of 55.
He wishes to receive a monthly income after his retirement, so he subscribes the RetireJoy Annuity Plan.
Therefore, Philip will receive the Monthly Annuity Benefit from the age of 55 until 95. At Policy Maturity, the Maturity Benefit (Terminal Dividend) shall be paid to Philip if he is living at the time of payment, or to his estate if he is not living at the time of payment.
Maria, aged 40, is an Executive Director of an advertising company. Her parents are both 62 years of age and are almost at the age for retirement. She plans to give her parents a stable monthly income after their retirement. Therefore, she subscribes to RetireJoy Annuity Plan for her parents.
Maria’s mother (Policyholder) will receive a Monthly Annuity
Benefit starting from the age of 65 until 105. In the unfortunate
event of death of Maria’s mother, Maria’s father (Second Insured) will become the policyholder and continue to receive the Monthly Annuity Benefit until end of the Annuity Period, and in such situation, the Maturity Benefit (Terminal Dividend) will be paid at Policy Maturity.
Anita and Miguel, a couple aged 50 and 55 respectively. Their children are grown up and they have no worries about them. They then start to think about their retirement life. Apart from the lump sum pension payment, they wish to receive a stable monthly income. Therefore, they select RetireJoy Annuity Plan.
Miguel (Policyholder) will receive the Monthly Annuity Benefit starting from the age of 63 for 40 years. Unfortunately, Miguel dies at the age of 83. Since Miguel chose the Extended Death Benefit
Option at subscription, Anita (Beneficiary) can continue to receive the Monthly Annuity Benefit until end of the Annuity Period. At the same time, she decides to exercise the Preferential Entry Right
to a designated Elderly Home to receive a better standard of care. She also withdraws a portion of the prevailing Terminal Dividend to
pay for the deposit of Elderly Home. After withdrawal, the future Non-Guaranteed Monthly Annuity Benefit and Terminal Dividend will be adjusted accordingly by the Company. The adjusted Terminal Dividend will be paid at policy maturity.