Are there any financial products suitable for lump sum payout or monthly payout in 10 years time?

10 years is the sweet spot that opens up your options to a multitude of products related to insurance. You will be able to pick and choose many structures based on the 10 year accumulation time frame, however, the cash flow cost for accumulation will be significantly higher than a 20-year time frame.

Yes, there are various financial products in the market that are capable of providing such payouts. For instance, you may wish to consider a participating annuity plan from an insurance company. Before that, it may be good to understand how a participating fund works. This is because it has a direct impact on the returns that you will get.

More Details:

What is a Participating Fund?

Overall, we should place emphasis on the guaranteed returns that such products that are able to offer. Additionally, such products also offer non-guaranteed returns in the form of bonuses.

More Details:

Reversionary Bonus and Terminal Bonus Singapore

If you are looking into this area, I will suggest for you to check with your agent or speak with one that you trust.

I share quality content on estate planning and financial planning here.