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Convert into a life annuity?
16 Aug 2019 (20 views)

Dear Mr. Tan

I have bought a Living Policy in 2001 and I will be 61 yrs in Oct 2019. As I have no income, I do not wish to pay the yearly premium of $6,900 and was told they will deduct from my current amount.

I am thinking of surrendering and take out the cash and buy some shares which gives dividend for my daily expenses. The Living policy states that I can opt to convert to Annuity Policy. What is the best option for me? 
Thank you.

REPLY
Ask NTUC Income to give you a quote for your Living policy:

a) Cash value now
b) Annuity amount after your convert.

Show me the figures and I will help you to make the most suitable decision.



Convert into a life annuity?
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Dear Mr. Tan

I have bought a Living Policy in 2001 and I will be 61 yrs in Oct 2019. As I have no income, I do not wish to pay the yearly premium of $6,900 and was told they will deduct from my current amount.

I am thinking of surrendering and take out the cash and buy some shares which gives dividend for my daily expenses. The Living policy states that I can opt to convert to Annuity Policy. What is the best option for me? 
Thank you.

REPLY
Ask NTUC Income to give you a quote for your Living policy:

a) Cash value now
b) Annuity amount after your convert.

Show me the figures and I will help you to make the most suitable decision.