MyRetirementChoice IIRetire better with regular cash payoutsplus disability income coverage

This means that, a�er the statutory retirement age of 62, you’ll spend more than two decades enjoying your golden years. So you should start planning for a comfortable retirement.

How can you get started?

^ Source: The Straits Times © Singapore Press Holdings Limited. Extracted with permission. “National Day Rally 2019: Singaporeans need to keep reskilling as they live longer”, 19 August 2019.

Your retirement years make up 25% of your lifetime.

Singapore topped the world in life expectancy with an expected lifespan at birth of

84.8 years^

Wouldn’t it be great to have a plan that coversall the above, so you can retire better?

Sustainablemonthly income

to support your preferred lifestyle

Option to havelump-sum payout

to start your retirement with a bang – be it for a grand party,

a dream holiday ora home renovation

Built-in protection against disabilities,

especially when faced with

higher risks during old age

Considerations for a retirement plan

1 2 3

Introducing MyRetirementChoice II

MyRetirementChoice II lets you retire at your desired age and o�ers various income payout options to suit the retirement lifestyle of your dreams.

Even amid market uncertainties, this plan gives you assurance with a 100% capital guarantee when you retire1.

In addition, we’ve introduced a new feature – the Fast Forward Option2 – to allow you to turn your monthly disability payouts into a lump-sum payout.

You can exercise this option when you’re first diagnosed with Partial Disability, where you’re unable to perform at least 2 out of 6 Activities of Daily Living (ADL), during your retirement years. It’ll give you the flexibility to use the lump-sum payout to do a home remodelling for greater ease and access, attend physiotherapy sessions or just help with daily living expenses.

Key Benefits

Flexibility to personalise your retirement plan:• Choose the Guaranteed Monthly Income3 (GMI) for your desired lifestyle

• Decide the age you want to retire

• Select the payout period for your retirement income – from 5 to 35 years4

• Choose the premium payment term – 5, 10, 15, 20 or 25 years

Potential for higher retirement income with Monthly Cash Bonuses5 (MCB)

Choose to receive a lump-sum bonus at your chosen retirement age or convert it to Additional Monthly Income (AMI)6

Earn more when you reinvest your monthly retirement income with Aviva7

Peace of mind with premium waiver if you become Totally and Permanently Disabled

Guaranteed acceptance with no health check-ups needed

Lump-sum payout in the event of Death or Terminal Illness

Additional payouts under the Care Income Benefit8 should you be unable to perform at least 2 out of 6 ADL during the Income Payout Period, plus the choice to exercise the Fast Forward Option2

Additional protection against disabilitieswith the Care Income Benefit

With the built-in Care Income Benefit8, MyRetirementChoice II will help ease your financial burden in the event of Partial Disability.

Activities of Daily Living (ADL)

Washing Dressing Feeding Toileting Mobility Transferring

Severity of Partial Disability Monthly Care Income Benefit

Unable to perform any2 out of 6 ADL duringIncome Payout Period

Unable to perform at least 3 out of 6 ADL during Income Payout Period

Percentage (%) of Guaranteed Monthly Income (GMI)10 20 30 40 50 60 70 80 90 100

50% of the GMI

100% of the GMI

A severe disability can disrupt your retirement plans.

1 in 2healthy Singaporeans aged 65 could become severely disabled in their lifetime and may need long-term care*.

* Source: Ministry of Health, retrieved on 24 March 2020 from www.moh.gov.sg/careshieldlife/long-term-care-financing

0

Get the flexibility to receive a lump-sum payout with the Fast Forward Option The Care Income Benefit provides an additional monthly payout if you’re diagnosed with Partial Disability.

But instead of monthly payouts, you may prefer to have a lump-sum amount that you can use for various purposes.

With the Fast Forward Option2, you can enjoy this flexibility.

Remodellingyour house

Physiotherapysessions

Mobility aids

How the Fast Forward Option works Thomas, who buys MyRetirementChoice II at 40 Age Next Birthday (ANB), chooses to pay premiums for 25 years, and enjoy the Guaranteed Monthly Income of S$1,000 over a payout period of 25 years, from 65 ANB to 90 ANB.

Notes:1. The payout will be made a�er a 90-day deferment period from the date (inclusive) on which a Registered Medical Practitioner certifies the Partial Disability.

2. The lump-sum payout shown assumes that the payout is made at the beginning of the respective Policy Year, a�er the deferment period. Actual payout will be pro-rated according to when the Partial Disability was diagnosed in that Policy Year.

3. The Fast Forward Option is available only once and he must decide whether to exercise this option when submitting the claim for the Care Income Benefit. If the option is not exercised, it will not be available once the Care Income Benefit payments have started.

4. For more details on the Fast Forward Option, please refer to the Product Summary.

5. Diagram is not drawn to scale and the figures shown are rounded to the nearest dollar.

40 65 75 85ANB

Premiumpayment term

= 25 yearsIncome Payout Period

= 25 years

8070

If unable to perform at least3 of the 6 ADL

S$70,704 S$62,180 S$50,949 S$36,659

If unable to perform any2 of the 6 ADL

S$38,574 S$33,645 S$27,264 S$19,159

70 ANB 80 ANB 85 ANB75 ANB

How much will Thomas receive with the Fast Forward Option, if the lump-sum payout is made at this age?

90

Enhance your cover withthese add-on riders9

EasyTerm Lump-sum cash payout in the event of Death, Terminal Illness or Total and Permanent Disability, of up to 5 times the annual premium for your basic plan. It can be used to cover living expenses for you or your loved ones.

Cancer Premium Waiver II Upon diagnosis of Major Cancer, all future premiums will be waived, so you can focus on getting better.

Critical Illness Premium Waiver II Upon diagnosis of any of the covered critical illnesses, all future premiums will be waived, so you won’t have to worry about bills as your health gets back on track.

EasyPayer Premium Waiver Future premiums will be waived in the event of Death, Terminal Illness or Total and Permanent Disability of the policyholder, so that your loved one’s retirement fund will continue to grow.

Payer Critical Illness Premium Waiver II Future premiums will be waived if the policyholder is diagnosed with any of the covered critical illnesses, so that your loved one’s retirement fund will be secured.

The above illustration assumes that Celine meets the Partial Disability definition and the Care Income Benefit payout starts a�er the 90-day deferment period, on the Policy Anniversary when Celine turns 62 ANB.

It is based on the illustrated investment rate of return of 4.75% per annum, which is the higher rate as illustrated in the Policy Illustration.

For illustrated investment rate of return of 3.25% per annum, the lump-sum bonus at 60 ANB is S$4,828. The MTI is S$1,507.75, comprising of GMI of S$1,000, MCB of S$463 and AMI of S$44.75. The cumulative MTI received is S$180,930. The total payout, including the cumulative Care Income Benefit, is S$258,930.

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

How MyRetirementChoice II works Illustration 1: If disability happens during retirement years

Celine, 30 Age Next Birthday (ANB), non-smoker, wants a comprehensive retirement plan. She buys MyRetirementChoice II, choosing to receive a Guaranteed Monthly Income of S$1,000, from 60 to 70 ANB. She pays an annual premium of S$9,325.60 over 10 years.

30 40 60

She chooses to convert her lump-sum bonus of S$42,758at 60 ANB into Additional Monthly Income.

Annual premium= S$9,325.60

Total premiums paid over 10 years

= S$93,256

Accumulation Period

= 20 years

Celine has a stroke and is unable to perform 2 ADL.

She has a recurrent stroke and is unable to perform 3 ADL. Her condition does not improve for the rest of the policy term.

Guaranteed Monthly Income (GMI) = S$1,000

Monthly Cash Bonus (MCB) = S$1,485

Additional Monthly Income (AMI) = S$396.75

62 65

Monthly Care Income Benefit

= S$500

70ANB

Celine’s Monthly Total Income (MTI) = S$2,881.75

Total Payout

S$423,810

Cumulative MTI received

= S$345,810

Cumulative CareIncome Benefit received

= S$78,000

MTI

Monthly Care Income Benefit

= S$1,000

How MyRetirementChoice II works Illustration 2: If the Fast Forward Option is exercised

Angie, 40 Age Next Birthday (ANB), non-smoker, wants a comprehensive retirement plan. She buys MyRetirementChoice II, choosing to receive a Guaranteed Monthly Income of S$1,000, from 65 to 85 ANB. She pays an annual premium of S$12,878.25 over 15 years.

Angie meets with an accident and is unable to perform 3 ADL. She exercises the Fast Forward Option,

and receives a S$76,656 lump-sum payout.

The above illustration assumes that Angie meets the Partial Disability definition, and the lump-sum payout under the Fast Forward Option is paid a�er the 90-day deferment period, on the Policy Anniversary when Angie turns 70 ANB.

It is based on the illustrated investment rate of return of 4.75% per annum, which is the higher rate as illustrated in the Policy Illustration.

For illustrated investment rate of return of 3.25% per annum, the lump-sum bonus at 65 ANB is S$7,011. The MTI is S$1,382, comprising of GMI of S$1,000 and MCB of S$382. The cumulative MTI received is S$331,680. The total payout, including the lump-sum bonus received at 65 ANB and the lump-sum payout under FFO, is S$415,347.

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

ANB

Total Payout

S$670,910Cumulative MTI

received = S$534,960

Lump sum payout underFast Forward Option (FFO)

= S$76,656

Lump-sum bonus received at 65 ANB

= S$59,294

Angie’s Monthly Total Income (MTI) = S$2,229MTI

8540 55 65

Annual premium= S$12,878.25

Total premiums paid over 15 years= S$193,173.80

70

FFOpayout

Guaranteed Monthly Income (GMI) = S$1,000

Monthly Cash Bonus (MCB) = S$1,229

She chooses to receive her lump-sum bonus of S$59,294 at 65 ANB.

Accumulation Period

= 10 years

Speak to your financial adviser representative or visit www.aviva.com.sg to start planning now.

Ready to build a better retirement?

Important notes:

1. Capital is guaranteed at the end of the chosen Accumulation Period only, provided that 100% of the total premiums are paid before the end of the grace period. Accumulation Period is the period from the end of the premium payment term until the Policy Anniversary prior to the first payment of Monthly Total Income.

2. If the Life Assured is first diagnosed with Partial Disability during the Income Payout Period and it is the first valid Care Income Benefit claim, you may apply to exercise the Fast Forward Option (FFO) to receive the Care Income Benefit in a lump sum. The payout will be made a�er a 90-day deferment period from the date (inclusive) on which a Registered Medical Practitioner certifies the Partial Disability. The lump-sum amount will be lower than the total Care Income Benefit and will be determined by us. Please refer to the Policy Illustration for the lump-sum amount you may receive when you exercise the FFO.

The FFO will be available only once and you must decide whether to exercise the FFO when submitting the claim for the Care Income Benefit. If the FFO is not exercised, it will not be available once the payment of Care Income Benefit has started.

The Care Income Benefit will not be available again if the FFO was exercised for Partial Disability where the Life Assured was unable to perform at least 3 Activities of Daily Living (ADL). The Care Income Benefit of remaining 50% of Guaranteed Monthly Income (GMI) will still be available for future eligible claims for Partial Disability where the Life Assured is unable to perform at least 3 ADL, if the FFO was exercised for Partial Disability where the Life Assured was unable to perform 2 ADL. Please refer to the Product Summary for details.

Important notes: (cont’d)

3. The minimum amount of GMI is either S$300 per month or is derived from the minimum annual premium of S$800 for the basic plan, whichever is higher.

4. Payout period for the retirement income can be from 5 years (at every 1-year interval) up to 35 years. The last age for receiving the Monthly Total Income (MTI) must be less than or equal to 99 ANB.

5. Monthly Cash Bonus (MCB) and GMI are part of the MTI benefit which the policyholder will receive during the Income Payout Period. MTI may also include the Additional Monthly Income (AMI) if the policyholder decides to convert their accrued Reversionary Bonus into AMI at the end of the Accumulation Period.

The policyholder will receive the MTI, less any amount owing to Aviva Ltd, for the selected Income Payout Period. MTI payments will start one month following the end of the selected Accumulation Period. The MCB is not guaranteed.

6. The policyholder may choose the following: i) withdraw the accrued Reversionary Bonus in one lump sum which will be payable at the Policy Anniversary immediately a�er the end of the Accumulation Period; or

ii) convert the accrued Reversionary Bonus into AMI at the Policy Anniversary immediately a�er the end of the Accumulation Period.

Please refer to the Product Summary for details.

Important notes: (cont’d)

7. For the reinvestment option, please refer to the Policy Illustration for the prevailing non-guaranteed rate. Aviva Ltd reserves the right to revise the non-guaranteed rate based on future experience.

8. The Care Income Benefit is available at any time during the Income Payout Period. If the Life Assured meets the Partial Disability definition, we will pay a Care Income Benefit of up to 100% of the chosen GMI every month, depending on the severity of the Partial Disability, starting from the next Monthly Anniversary Date a�er a 90-day period from the date (inclusive) on which a Registered Medical Practitioner certifies the Partial Disability.

This benefit will end immediately when the Life Assured no longer meets the Partial Disability Definition, upon the death of the Life Assured or when the Policy terminates, whichever is earliest. Please refer to the Product Summary for the full definition of Partial Disability and details.

9. For more details on the riders, please refer to their respective Product Summaries.

The policy is underwritten by Aviva Ltd.

This brochure 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 Aviva Ltd and the participating distributors’ o�ices. 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 brochure 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 is accurate as at 26 August 2020.

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 Aviva Ltd or visit the Life Insurance Association or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

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Aviva Ltd 4 Shenton Way, #01-01, SGX Centre 2 Singapore 068807Tel: (65) 6827 9933 Website: www.aviva.com.sgCompany Reg. No.: 196900499K GST Reg. No.: MR-8500166-8