Disability

TM Nest Egg (II) (CashBack 8/10): Fast-Track Your Retirement Savings

Are you worried about saving enough for retirement? Do you wish you could start seeing returns on your savings sooner rather than later? If so, Tokio Marine's TM Nest Egg (II) (CashBack 8/10) might be the solution you've been looking for. This unique savings plan allows you to fast-track your retirement savings and enjoy guaranteed payouts after just two years . Let's dive into the details of this innovative product and see if it's the right fit for your financial future.

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What is TM Nest Egg (II) (CashBack 8/10)?

TM Nest Egg (II) (CashBack 8/10) is a short-term savings plan designed to help you jumpstart your retirement savings . Unlike traditional long-term savings plans, this product allows you to save for just two years and then start receiving guaranteed yearly payouts. It's an excellent option for those who want to see quick returns on their investment while still planning for the future.

Key Features at a Glance

Short Savings Period

Save for just 2 years

Quick Returns

Enjoy guaranteed yearly payouts for 8 or 10 years

Early Payout

Receive your first guaranteed yearly payout on the 2nd policy anniversary

Protection

Be covered with a death benefit as you save

Easy Application

Guaranteed issuance with no medical underwriting required (for ages 70 and below)

Why compare TM Nest Egg (II) (CashBack 8/10) with other Disability options through Whatins?

Traditional Approach

  • Only see one company's disability definitions
  • Limited perspective on occupation coverage
  • May miss better options from other insurers

Whatins Advantage

  • Compare how different insurers define disability
  • See various approaches to occupation coverage
  • Get multiple views on coverage amount needed
  • Understand different waiting period options

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

How Does It Work?

You choose the plan that best fits your needs and save for two years. After that, you start receiving your guaranteed yearly payouts. It's that simple!

CashBack 8

  • Guaranteed Yearly Payout: 8% of the Sum Assured

  • Number of Guaranteed Yearly Payouts: 8

CashBack 10

  • Guaranteed Yearly Payout: 10% of the Sum Assured

  • Number of Guaranteed Yearly Payouts: 10

Benefits in Detail

Fast-Track Your Savings

With TM Nest Egg (II) (CashBack 8/10), you don't have to wait decades to see returns on your investment. By saving for just two years, you can start enjoying guaranteed yearly payouts as soon as your second policy anniversary .

Attractive Returns

The plan offers an attractive return of up to 2.72% per annum (based on an illustrated investment rate of return of 4.25% p.a.). Even at a lower illustrated investment rate of 3.00% p.a., you can still expect returns of up to 1.45% p.a.

Flexible Payout Options

When you receive your guaranteed yearly payout, you have two options: a) Withdraw the money to use as you see fit, or b) Reinvest it with Tokio Marine to earn additional interest.

Guaranteed Maturity Benefit

Upon maturity, you'll receive a guaranteed benefit of up to 140% of the Sum Assured .

Non-Guaranteed Bonus

In addition to the guaranteed maturity benefit, you may also receive a non-guaranteed bonus, potentially boosting your total payout.

Death Benefit Protection

The plan provides a death benefit equivalent to 101% of the total annual premiums paid , regardless of how many payouts you've already received.

Hassle-Free Application

If you're aged 70 or below, you can apply for this plan without any medical underwriting .

Real-Life Example

As you can see, in both scenarios, Dennis receives more than he paid in premiums, even before considering the non-guaranteed bonus.

CashBack 8

  • Sum Assured: S$10,300

  • Annual Premium: S$10,028 (paid for 2 years)

  • Total Guaranteed Yearly Payout: S$6,592 (8% of Sum Assured for 8 years)

  • Guaranteed Maturity Benefit: S$12,360

  • Non-Guaranteed Bonus: S$5,253 (at 4.25% p.a. illustrated investment rate)

  • Total Maturity Benefit: S$17,613

  • Total Payout: S$24,205

CashBack 10

  • Sum Assured: S$8,000

  • Annual Premium: S$10,000 (paid for 2 years)

  • Total Guaranteed Yearly Payout: S$8,000 (10% of Sum Assured for 10 years)

  • Guaranteed Maturity Benefit: S$11,200

  • Non-Guaranteed Bonus: S$6,480 (at 4.25% p.a. illustrated investment rate)

  • Total Maturity Benefit: S$17,680

  • Total Payout: S$25,680

Pros and Cons

Pros

  • Short savings period (only 2 years)

  • Quick returns (payouts start after 2 years)

  • Guaranteed yearly payouts

  • Attractive potential returns

  • Death benefit protection

  • No medical underwriting required (for ages 70 and below)

  • Flexibility to withdraw or reinvest payouts

Cons

  • Non-guaranteed bonuses depend on fund performance

  • May not be suitable for those seeking very long-term savings plans

  • Limited flexibility in premium payment (only 2 years)

Is TM Nest Egg (II) (CashBack 8/10) Right for You?

This plan might be a good fit if you:

  • Want to start seeing returns on your savings quickly
  • Are looking for a short-term savings commitment
  • Want guaranteed yearly payouts to supplement your income
  • Are nearing retirement and want to boost your savings
  • Prefer a simple, hassle-free insurance application process

However, it may not be suitable if you:

  • Are looking for a very long-term savings plan
  • Want more flexibility in premium payments
  • Are primarily seeking high-risk, high-return investment products

Important Considerations

While TM Nest Egg (II) (CashBack 8/10) offers many attractive features, it's important to remember:

  • The non-guaranteed bonuses depend on the performance of Tokio Marine's Participating Fund
  • Early termination of the policy may result in high costs and you may receive less than the total premiums paid
  • This plan is not a replacement for comprehensive life insurance coverage

Conclusion

TM Nest Egg (II) (CashBack 8/10) offers a unique opportunity to fast-track your retirement savings with guaranteed payouts starting after just two years . Its combination of a short savings period, guaranteed returns, and flexibility make it an attractive option for many savers. However, as with any financial product, it's important to carefully consider your personal needs and circumstances before making a decision.

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