10Life Financial Limited
Enquiries: enquiries@10life.com
Hotline: (852) 3705 1599
Address: 16/F Greatmany Centre, 109-115 Queen’s Road East, Wan Chai, Hong Kong
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Compare Immediate Annuity
Issue Age : 65
Income Term : Any
Total Premium : USD 125,000
Insurer
USD
We found 11 Immediate Annuity product(s) matching your selected filters.
Sun Life | Sun Life 永明
RetireFree Immediate Annuity
Single Premium
Age 65 Start
Whole-life Annuity
9.8
/ 10
10Life Score
Guaranteed IRR at Age 85
2.0%
Guaranteed Initial Annual Income
USD
7,175
Projected Initial Annual Income
USD
7,175
Manulife | 宏利
GoldenStart Whole Life Immediate Annuity Insurance Plan (Elite)
Single Premium
Age 65 Start
Whole-life Annuity
9.7
/ 10
10Life Score
Guaranteed IRR at Age 85
1.2%
Guaranteed Initial Annual Income
USD
6,594
Projected Initial Annual Income
USD
6,594
YF Life | 萬通保險
MY Lifetime Immediate Annuity
Single Premium
Age 65 Start
Whole-life Annuity
9.7
/ 10
10Life Score
Guaranteed IRR at Age 85
1.9%
Guaranteed Initial Annual Income
USD
7,500
Projected Initial Annual Income
USD
7,500
Sun Life | Sun Life 永明
RetireFree Immediate Annuity (with Booster Rider)
Single Premium
Age 65 Start
Whole-life Annuity
9.6
/ 10
10Life Score
Guaranteed IRR at Age 85
-0.4%
Guaranteed Initial Annual Income
USD
5,604
Projected Initial Annual Income
USD
5,604
CPIC Life (HK) | 太保壽險香港
Golden Promise Annuity Insurance Plan
Single Premium
Age 66 Start
To age 130
9.0
/ 10
10Life Score
Guaranteed IRR at Age 85
1.8%
Guaranteed Initial Annual Income
USD
3,125
Projected Initial Annual Income
USD
3,125
Manulife | 宏利
GoldenStart Whole Life Immediate Annuity Insurance Plan (Apex)
Single Premium
Age 65 Start
Whole-life Annuity
8.5
/ 10
10Life Score
Guaranteed IRR at Age 85
0.4%
Guaranteed Initial Annual Income
USD
4,525
Projected Initial Annual Income
USD
4,525
CTF Life | 周大福人壽
“IncomePro” Annuity Plan (Single Premium)
Single Premium
Age 66 Start
To age 100
7.3
/ 10
10Life Score
Guaranteed IRR at Age 85
0.6%
Guaranteed Initial Annual Income
USD
4,223
Projected Initial Annual Income
USD
4,607
Manulife | 宏利
FlexiFortune Annuity Plan
Single Premium
Age 66 Start
To age 91
7.3
/ 10
10Life Score
Guaranteed IRR at Age 85
0.7%
Guaranteed Initial Annual Income
USD
4,765
Projected Initial Annual Income
USD
4,769
CTF Life | 周大福人壽
“IncomePro” Annuity Plan (Single Premium)
Single Premium
Age 66 Start
To age 91
7.0
/ 10
10Life Score
Guaranteed IRR at Age 85
0.5%
Guaranteed Initial Annual Income
USD
5,398
Projected Initial Annual Income
USD
5,800
Sun Life | Sun Life 永明
RetireFree Immediate Annuity
Single Premium
Age 65 Start
Whole-life Annuity
10Life Score
9.8
/ 10
Guaranteed IRR at Age 85
2.0%
Guaranteed Initial Annual Income
USD
7,175
Projected Initial Annual Income
USD
7,175
Manulife | 宏利
GoldenStart Whole Life Immediate Annuity Insurance Plan (Elite)
Single Premium
Age 65 Start
Whole-life Annuity
10Life Score
9.7
/ 10
Guaranteed IRR at Age 85
1.2%
Guaranteed Initial Annual Income
USD
6,594
Projected Initial Annual Income
USD
6,594
YF Life | 萬通保險
MY Lifetime Immediate Annuity
Single Premium
Age 65 Start
Whole-life Annuity
10Life Score
9.7
/ 10
Guaranteed IRR at Age 85
1.9%
Guaranteed Initial Annual Income
USD
7,500
Projected Initial Annual Income
USD
7,500
Sun Life | Sun Life 永明
RetireFree Immediate Annuity (with Booster Rider)
Single Premium
Age 65 Start
Whole-life Annuity
10Life Score
9.6
/ 10
Guaranteed IRR at Age 85
-0.4%
Guaranteed Initial Annual Income
USD
5,604
Projected Initial Annual Income
USD
5,604
CPIC Life (HK) | 太保壽險香港
Golden Promise Annuity Insurance Plan
Single Premium
Age 66 Start
To age 130
10Life Score
9.0
/ 10
Guaranteed IRR at Age 85
1.8%
Guaranteed Initial Annual Income
USD
3,125
Projected Initial Annual Income
USD
3,125
Manulife | 宏利
GoldenStart Whole Life Immediate Annuity Insurance Plan (Apex)
Single Premium
Age 65 Start
Whole-life Annuity
10Life Score
8.5
/ 10
Guaranteed IRR at Age 85
0.4%
Guaranteed Initial Annual Income
USD
4,525
Projected Initial Annual Income
USD
4,525
CTF Life | 周大福人壽
“IncomePro” Annuity Plan (Single Premium)
Single Premium
Age 66 Start
To age 100
10Life Score
7.3
/ 10
Guaranteed IRR at Age 85
0.6%
Guaranteed Initial Annual Income
USD
4,223
Projected Initial Annual Income
USD
4,607
Manulife | 宏利
FlexiFortune Annuity Plan
Single Premium
Age 66 Start
To age 91
10Life Score
7.3
/ 10
Guaranteed IRR at Age 85
0.7%
Guaranteed Initial Annual Income
USD
4,765
Projected Initial Annual Income
USD
4,769
CTF Life | 周大福人壽
“IncomePro” Annuity Plan (Single Premium)
Single Premium
Age 66 Start
To age 91
10Life Score
7.0
/ 10
Guaranteed IRR at Age 85
0.5%
Guaranteed Initial Annual Income
USD
5,398
Projected Initial Annual Income
USD
5,800
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Annuity Quick Guide
What is Annuity?
Suitable for retirement
Provide a stream of steady income
Pay for living and medical expenses
Annuity is a type of long-term insurance policy that converts one's savings into a stream of steady monthly or annual income. The income may start immediately (immediate annuity) or at a later time (deferred annuity).
Immediate VS Deferred Annuity
Close to retirement
Lumpsum
Start immediately and continue for certain years or whole life
Planning for retirement
Usually 5 or 10 years
Start at a later time usually at age 50-70 and continue for certain years
Annuity Glossary
Guaranteed Return
The minimum amount that an insurance company must pay.
Projected Return
The amount of return that an insurance company has the discretion to distribute depending on a number of factors such as investment performance, claims experience, operating expenses, etc. The actual return could be higher or lower than the projected amount.
Fulfilment Ratio
The Insurance Authority requires insurance companies to disclose the non-guaranteed return fulfilment ratio of participating insurance (including annuity) against the projected return in the proposal illustrations. If the fulfilment ratio is 100%, it means that the insurer has achieved its projected non-guaranteed return.
Who needs to buy Immediate / Deferred Annuity?
Pre-retirees
Can consider converting accumulated savings and MPF into an immediate annuity to provide a stream of steady income to support post-retirement expenses.
Retirement Planning
One should start saving for retirement as early as possible to accumulate a sufficient sum for post-retirement income
Frequently Ask Questions
Does annuity pay income annually?
Income can be paid monthly, annually or quarterly.
What is the difference between annuity and QDAP?
The full name of QDAP is Qualified Deferred Annuity Product. It is a kind of deferred annuity product, which provides tax benefits. QDAP are annuity products that are certified by the Insurance Authority by meeting specified criteria.
How does Mortgage Corporation (HKMC) Annuity Plan differ from other annuity plans?
HKMC Annuity Plan is an immediate annuity product issued by HKMC Annuity Limited (HKMCA) Hong Kong. It converts a lump sum into a stream of guaranteed whole life income, but does not provide any tax benefits.
Which is the best insurance company for Annuity?
10Life compares and rates annuity products in the market based on a number of criteria including the ability to sustain for longevity, guaranteed return, projected return, early death benefit and early surrender value.
Which is the best insurance company for Annuity?
10Life compares and rates annuity products in the market based on a number of criteria including the ability to sustain for longevity, guaranteed return, projected return, early death benefit and early surrender value.
