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Yes, Tokio Marine Singapore offers joint/survivor annuities. I’m not totally thrilled with them — they’re unnecessarily complicated, in my view, with (for example) a variable “bonus” payout element, exactly what you DON’T want in an annuity — but they exist. (NTUC Income has much the same problem.) They also do not appear to offer any inflation adjusted payout option.
Annuities don’t have to be complicated, but welcome to Singapore.
As mentioned, annuity insurance in Singapore is pretty weak if you’re trying to buy largish annuities. (Although you can work around the limit to some extent.) It could make a lot of sense to combine CPF LIFE with a high quality, better insured, simpler annuity obtained offshore. The latter would not be denominated in Singapore dollars, but I don’t think that’s a huge problem as long as you get an inflation adjusted payout in a major currency and make the payout big enough. This way you’re also defending against national risks. They also happen to be better values since the overseas markets are bigger and more competitive.
Annuities don’t have to be complicated, but welcome to Singapore.
As mentioned, annuity insurance in Singapore is pretty weak if you’re trying to buy largish annuities. (Although you can work around the limit to some extent.) It could make a lot of sense to combine CPF LIFE with a high quality, better insured, simpler annuity obtained offshore. The latter would not be denominated in Singapore dollars, but I don’t think that’s a huge problem as long as you get an inflation adjusted payout in a major currency and make the payout big enough. This way you’re also defending against national risks. They also happen to be better values since the overseas markets are bigger and more competitive.