Investment Linked Plan

AIA Elite Secure Income: Your Path to a Better Retirement

Are you worried about having enough money for retirement? You're not alone. Did you know that 2 in 5 Singaporeans are putting more money into investments to secure their retirement? But investing can be scary. What if you lose your money? What if inflation eats away at your savings? That's where AIA Elite Secure Income comes in. It's a unique investment plan that helps you grow your wealth while protecting your capital. Let's dive into the details and see how this plan can help you retire the way you plan, or even better.

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What is AIA Elite Secure Income?

AIA Elite Secure Income is the first affordable, capital-guaranteed investment-linked plan in Singapore . It's designed to help you grow your retirement funds confidently, without the fear of losing your initial investment. You can start with as little as $300 a month, making it accessible for many Singaporeans.

Key Features That Make AIA Elite Secure Income Stand Out

Capital Guaranteed

Every dollar you put into the plan is guaranteed. This means you can invest without worrying about losing your initial investment.

Monthly Income in Retirement

You can choose to receive monthly income for either 10 or 15 years. This income comes in two parts: Secure Monthly Income (guaranteed and equals 100% of your basic premiums paid) and Target Monthly Income (continues after the Secure Monthly Income period and depends on market performance).

Power-up Bonus

From the 10th policy year and every 5 years after, you get a bonus that boosts your investment. The bonus ranges from 2.5% to 25% of your premium, depending on your payment plan.

Affordable Premiums

Start from just $300 a month. No medical check-up or health questions required.

Access to Institutional Funds

Your money is invested in AIA Elite Funds, managed by AIA Investments and guided by top investment houses like Baillie Gifford, BlackRock, Wellington Management, and Capital International.

Flexibility

Choose your premium payment term, decide when to start receiving payouts, invest in SGD or USD, use cash or your SRS account, and make regular or one-time top-ups with no cap.

Why compare AIA Elite Secure Income with other Investment Linked Plan options through Whatins?

Traditional Approach

  • Limited to one company's fund options
  • Only hear about advisor's preferred funds
  • Single perspective on investment strategy

Whatins Advantage

  • Compare fund options across multiple insurers
  • Get different views on investment strategies
  • See how different advisors approach fund selection
  • Understand varied fee structures

In summary: If you want more control and multiple suggestions, then Whatins is the way to go.

How Does AIA Elite Secure Income Work?

In total, Ronald could potentially receive 4.92 times the amount he paid in premiums!

  • At age 35, Ronald buys AIA Elite Secure Income (SGD), paying $7,316 annually for 10 years (or $636 monthly). He opts for the AIA Elite Balanced Fund.

  • At age 38, Ronald makes an extra one-time payment (top-up) of $30,000.

  • From age 45 onwards, Ronald receives a Power-up Bonus every 5 years.

  • At age 65, Ronald starts receiving his monthly income: For the first 37 months, he gets a Secure Monthly Income of $2,000, covering all the premiums he paid ($73,160). After 37 months, he continues to receive $2,000 as Target Monthly Income.

  • By age 80, Ronald has received: Total Secure Monthly Income: $74,000, Total Target Monthly Income: $286,000, Total retirement income over 15 years: $360,000

  • At age 80, if Ronald decides to end his policy, he gets an extra $331,604.

Investment Options

Both funds are available in USD and SGD.

AIA Elite Conservative

70% Fixed Income, 30% Equities. Low to Medium Risk.

AIA Elite Balanced

60% Fixed Income, 40% Equities. Medium to High Risk.

Who is AIA Elite Secure Income For?

  • People who want to grow their wealth but are worried about losing money.

  • Those planning for retirement and want a guaranteed income.

  • Investors looking for access to institutional-grade funds.

  • Anyone who wants flexibility in their investment and payout options.

  • People who want to start investing with a relatively small amount each month.

Pros and Cons

Pros

  • Capital guarantee protects your initial investment

  • Affordable starting from $300 a month

  • Access to institutional-grade funds

  • Flexible payout and investment options

  • No medical check-up required

  • Power-up Bonus to boost your investment

Cons

  • Target Monthly Income is not guaranteed

  • Long-term commitment (best results when held till retirement)

  • Limited fund choices compared to some other investment plans

Frequently Asked Questions

Is my money safe?

Yes, your capital is guaranteed as long as you keep up with premium payments and don't make withdrawals.

Can I change my mind after buying?

AIA offers a free-look period (usually 14 days) where you can cancel the policy and get a refund.

What happens if I can't pay my premiums?

You might lose your guarantee, but you can avoid the policy lapsing by topping up additional premiums.

Can I withdraw money early if I need it?

Yes, but it may affect your guarantees and future payouts.

What if I die before receiving all my payouts?

Your beneficiaries will receive a death benefit, which is at least 105% of the policy value.

Conclusion

AIA Elite Secure Income offers a unique combination of wealth growth and capital protection. It's designed for those who want to invest for retirement but are wary of market risks. With its affordable entry point, guaranteed capital, and access to institutional funds, it provides a balanced approach to growing your retirement nest egg.

However, like any financial product, it's important to consider your personal circumstances and goals before investing. While the capital guarantee and potential returns are attractive, remember that part of the income (Target Monthly Income) is not guaranteed and depends on market performance.

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