You may think you will be able to drastically change your lifestyle in your retirement. In reality, after you get used to a certain standard of living or way of life, it can be difficult to make changes – both financially and emotionally.
To ensure you will be able to adjust to the lifestyle you are aiming for during retirement, you should test-drive it before you actually retire.
As you put away savings towards a retirement that you are dreaming about, you also need to ensure that you protect your nest egg from uncertainties. Having sufficient life insurance not only protects your dependents in the short-term, but also the plans you have built with your spouse in the long-term.
With life insurance, such as AIA Guaranteed Protect Plus (II), you can protect your young children or elderly parents with a multiplier of up to 5 times your insured sum needs till age 65 or 75, and thereafter still receive protection which caters for your spouse’s retirement plans in the event of death or total permanent disability. This protects you and your spouse from needing to dip into your retirement funds in any unforeseen scenarios. For enhanced coverage, you can purchase additional riders to cover critical illness as well.
At the same time, if you are healthy in your golden years, the plan accumulates a cash value that will mature once you turn 100 or as legacy to leave behind for your loved ones when you pass on.
To encourage you to adopt a healthier lifestyle, AIA Vitality rewards you with discounted health screening, gym membership discounts and exclusive deals on fitness-related gadgets, and travel and leisure activities.
Get savings of up to 30% off your first year’s premium when you purchase eligible AIA plans for specific coverage amounts, including AIA Guaranteed Protect Plus (II), from now to 15 March 2020. To find out more, visit https://www.aia.com.sg/en/campaigns-promotions/protect-with-a-great-save.html, or speak to your AIA Financial Services Consultant or Insurance Representative today. Alternatively, you may leave your contact details here so we can get in touch with you.