MyRetirementChoice III

Make your golden years shine with regular retirement income and disability protection

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Make your dream retirement a reality

When it comes to retirement planning, the questions are endless: am I saving enough to retire comfortably? Should I go for monthly payouts or a lump sum—or a mixture of both during my golden years? Can I afford to retire early? And how much will I need for my desired retirement lifestyle?

According to a recent study1, here’s the monthly household budget needed for a basic standard of living.

For single aged 65 and above:

For couple aged 65 and above:

With MyRetirementChoice III, you enjoy monthly guaranteed retirement income starting from your desired retirement age plus bonuses that could increase your payouts.

Plan it your way

Get the flexibility to choose your retirement age, retirement income, payout period and premium payment term. 

100% capital guarantee

Gives you assurance with a 100% capital guarantee at your chosen retirement age2

Built-in protection against disabilities

The Care Income Benefit3 gives you an additional monthly payout in the event of Partial Disability. Turn your monthly payouts into a lump-sum payment with the Fast Forward Option4.

What MyRetirementChoice III offers

A retirement plan that gives you monthly income starting from your desired retirement age, as well as disability protection for greater assurance. 

  • Flexibility to personalise your retirement plan:

• Choose the Guaranteed Monthly Income5 for your desired lifestyle
• Decide the age you want to retire
• Select the payout period for your retirement income – from 5 to 35 years6
• Choose the premium payment term – 5, 10, 15, 20 or 25 years

  • Capital Guaranteed at your chosen retirement age2
  • Additional payouts under the Care Income Benefit3 should you be unable to perform at least 2 out of 6 ADL during the Income Payout Period
  • Flexibility to receive a lump-sum payout for larger one-time expenses should you choose to exercise the Fast Forward Option4


  • Potential bonuses to boost your payouts, where you’ll get non-guaranteed bonuses in the form of:

• Lump-sum payout at your retirement age which can be converted to monthly payouts7; and
• Monthly Cash Bonus

  • Lump-sum payout in the event of death or Terminal Illness
  • Guaranteed acceptance with no health check-ups needed
  • Peace of mind with a premium waiver if you become Totally and Permanently Disabled
  • Option to grow your money by reinvesting9 your monthly payout for higher returns in the future
  • Choice of riders10 for additional protection against unforeseen circumstances

How MyRetirementChoice III works

Nicole, 40 years old, a non-smoker with two kids, wants a plan that’ll help her save for a comfortable retirement while giving important insurance coverage.

She gets MyRetirementChoice III, opting to receive a Guaranteed Monthly Income of S$1,000 from 65 to 85 years old. She chooses to pay annual premiums of S$12,232.70 for 15 years.

^ The lump-sum payout shown assumes that the payout is made at the beginning of the Policy Year in which the Life Assured turns 70 years old, after the deferment period. Actual payout will be pro-rated according to when the Partial Disability was diagnosed in that Policy Year. The Fast Forward Option is available only once and the policyholder must decide whether to exercise this option when submitting the claim for the Care Income Benefit. For more details on the Fast Forward Option, please refer to the Product Summary.

The lump-sum bonus and Monthly Cash Bonus are based on the illustrated investment rate of return of 4.25% per annum.

At illustrated investment rate of return of 3% per annum, the lump-sum bonus is S$6,659 and the Monthly Total Income is S$1,442 (where the Monthly Cash Bonus is S$442). As bonus rates are not guaranteed, the actual benefits will vary according to the future performance of the participating fund.

For more details, please refer to the Product Summary and Policy Illustration. The diagram above is not drawn to scale and the payout amounts have been rounded to the nearest dollar.

Add-ons for extra protection


Additional lump-sum cash payment of up to 5x basic plan's annual premium in the event of policyholder's death, Terminal Illness or Total and Permanent Disability.

EasyPayer Premium Waiver

All future premiums waived in the event of policyholder's death, Terminal Illness or Total and Permanent Disability, so your loved ones' retirement plan will continue to grow.

Premium Waiver riders for Critical Illness

Opt from a range of premium waiver riders to get extra coverage. Upon diagnosis of Major Cancer or any of the covered critical illnesses, all future premiums will be waived so that the retirement fund for you or your loved ones will continue to grow.


Ready to plan a retirement of your dreams?

Leave your details with us to kick start your retirement planning.

You may also call Singlife Financial Advisers at 65 6827 9980 (Mon - Fri, 9am to 6pm) if you're interested to purchase the product. 

If you have an existing financial adviser representative, please leave your details in the form below and they will be in touch. 

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This policy is underwritten by Singapore Life Ltd.

This is published for general information only and does not have regard to the specific investment objectives, financial situation and particular needs of any specific person. A copy of the Product Summary may be obtained from us and the participating distributors’ offices. You should read the Product Summary before deciding whether to purchase the product. You may wish to seek advice from a financial adviser representative before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser representative, you should consider whether the product in question is suitable for you.

As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. Buying a health insurance policy that is not suitable for you may impact your ability to finance your future healthcare needs. 

This is not a contract of insurance. Full details of the standard terms and conditions of this policy can be found in the relevant policy contract.

Information accurate as at January 2022.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you.  For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association or SDIC websites ( or