Singlife Legacy Indexed Universal Life
Singlife's accessible IUL starts from US$250,000 and tracks major global indices.
Singlife Legacy Indexed Universal Life combines lifelong death and terminal illness coverage with a Fixed Account and Index Account. The Fixed Account has a minimum guaranteed crediting rate of 2% p.a., while the Index Account is tied to the performance of the S&P 500 and Nasdaq-100 indices, subject to policy terms. Its 0% floor on the Index Account protects against negative index returns, and the minimum sum assured is US$250,000. Features include a five-year no-lapse guarantee, loyalty bonus from policy year 11, flexible premium payments, partial withdrawals from policy year 6 and the option to switch the life assured.
Singlife's Legacy IUL stands out because it lowers the entry point for indexed universal life without stripping out core legacy features. The US$250,000 minimum sum assured makes it more approachable for affluent clients who are not yet in ultra-high-net-worth territory, and the S&P 500 plus Nasdaq-100 mix is easy to understand. The trade-off is that accessibility does not make it simple: buyers still need to understand index caps, charges, withdrawals and how flexible premiums can affect long-term policy sustainability.
It is one of the most accessible Singapore IULs, while still offering lifetime cover, two major index references, no-lapse protection, loyalty bonuses and life assured switching.