View My Profile

一文详细介绍新加坡IUL「指数万能寿险」

近两年，新加坡的指数万能寿险（IUL）风靡海内外，尤其是受到越来越多大陆客户的青睐。话说什么是指数万能寿险，它的产品结构是怎样的，有哪些特点和优势，又有什么风险……这篇文章为你全面解读。

1. 什么是指数万能寿险？

指数万能寿险，英文Indexed Universal Life，简称IUL，是一种相对灵活的终身寿险，它与特定市场指数（如标普500）挂钩，现金价值通过指数增长获得收益，同时提供终身的身故保障；这是一种将终身寿险与投资增值相结合的保险产品，在提供人寿保障的同时，实现现金增值和财富传承双重作用。

2. IUL有哪些特点？

  • 终身保障：作为一款寿险产品，它提供终身的寿险保障，可实现身故保障、现金价值和财富传承的三重作用。
  • 指数挂钩：账户收益与市场指数直接挂钩，但它并不直接投资于指数，若跟踪的指数表现良好，那么保单现金价值也会获得相应的增长。
  • 保费便宜：较于传统寿险，IUL保费相当具有竞争力，同样年龄和保额，IUL的保费，要比中国大陆和香港便宜很多，性价比极高。
3. IUL指数账户的收益，是怎么确定的？
一般来说，IUL是通过期权（option）的形式来跟踪市场指数，而不是直接投资在指数基金，因此无需调仓和支付基金管理费用，所以费用会低于主动管理基金。

以标普500为例，如果在今年1月15日开始追踪，到明年1月15日为止，若标普500这个期间的收益为8%，那么IUL指数账户的收益计为8%。

IUL通常有“下保底和上封顶”的设定，假如在这个区间，标普500表现欠佳，收益为-15%，那么下限利率会按保底0%计算，来保护账户免受潜在损失；若指数表现强劲，实现了20%增长，那么IUL会设置一个利率上限（以9%为例），尽管市场回报超过了9%，但现金账户仍按9%计算，这就是所谓的“上封顶”。

所以，IUL指数账户“上封底下保底“的设定，是不可忽视的投资护城河，有效平衡了市场的波动影响，这也是IUL备受青睐的重要原因。

4. IUL产品的优势是什么？

  • 投资安全性：一方面，指数账户与备受国际认可的市场指数挂钩，有着相对更高的潜在回报；另一方面，指数账户的保证年度利率下限为0%，有效减少了可能的潜在损失，抵御市场风险。
  • 投保门槛低：根据自身财务状况，选择保费支付期限，可趸交，也可分3年、5年、10年或更长期限支付。另外，最低保额一般为50万美金起，投保门槛相对较低。
  • 变现灵活性：在经过一定保单年后，多数IUL产品可在不降低保额的情况下，做免费部分提取，尽管不鼓励提早提取，但万一出现突发状况，可应不时之需。

5.IUL跟踪的指数，过往表现如何？

以最为普遍的指数标普500为例，据历史数据，1994至2024年的30年间，仅有6个年份的指数收益为负，过去30年的平均年化回报率约为9.9%，如果把区间拉长至50年，平均年化收益率高达约10.3%。

让我们回到IUL指数账户，如果基于指数追踪架构（以10.2%的上限为例）演算，1986-2022年间标普500的过去5~30年的平均收益如下：

基本可以这么认为，IUL的指数账户的平均预期收益在7.0%以上，这也间接回答了大家普遍关心的IUL指数账户的预期收益问题。

6.IUL的潜在风险是什么？

如上所述，IUL指数账户收益与跟踪指数的表现直接相关，如果指数表现好，IUL指数账户的收益相应就会高，反之指数表现欠佳，甚至出现连年负增长，尽管收益下限为0%，每年还要扣除维持保单的相关费用，这样一来，账户现金价值实则是下降的。

举个极端例子，如果指数连续30年都是负增长，那么IUL指数账户收益一直都会是0%，但账户每年要支付保单费用，30年下来，现金价值只减不增，那么账户总有归零的那一天，一旦现金价值为0，保单就会断保。

然而，这种风险仅存在理论上的可能，因为从过往表现来看，指数基本不存在连续30年负增长的情况。IUl的潜在风险，是一种理论上的风险，可能性几乎为零。

7.大陆客户客户配置吗？有体检要求吗？

中国大陆客户，可以配置指数万能寿险，有些保险公司甚至可支持异地远程签字。如果健康状况良好，300万美金以下保额，无体检要求。可以说，足不出户，就可以完成投保，不仅节省了时间成本，也使得投保过程更加简单快捷。当然，如果可飞来新加坡投保，那么可选择的产品也就更多。

综合来说，IUL是一款兼具人寿保障和投资属性的“出圈”产品，很有代表性，性价比极高，有着广泛的适用群体，这也是它这两年备受欢迎的重要原因。

我是新加坡宗磊，一个帮你投保避坑、助你健康理财的独立理财顾问，期待可以帮到你～

Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek independent financial advice that is customised to their specific financial objectives, situations & needs. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.

Published By:

Liang Zonglei 梁宗磊

Financial Advisory Manager丨COT 丨AFP

理财顾问经理 (保险·投资)丨金融理财规划师丨美国百万圆桌COT会员

专业丨独立丨客观

新加坡保险、投资、理财、信托等全球资产配置

YouTube：狮城Talk

微信视频号：新加坡Zonglei

小红书：新加坡 Zonglei

微信公众号：狮城Talk

Wechat ID：mrybean

View My Profile
Contact Me

CONTACT US

  • 150 Beach Road #12-01/08, Gateway West Singapore 189720
  • +65 62221889
  • +65 62221019
  • feedback@fa.com.sg
Disclosure & Disclaimer

Privacy & Cookies Policy

Data Protection Policy

Terms of Use

Terms of Use - Mobile

Fair Dealing

Contact Me

What type of services are you looking for? 请问您需要咨询哪些方面的服务？(Please select all that applies)

ACKNOWLEDGEMENT

By submitting this form, I confirm that

提交此表格，即表示

  • I have read and understood FAPL’s Personal Data Policy, and hereby give my acknowledgement and consent to FAPL to use my personal data in accordance with FAPL’s Personal Data Policy.
  • 我已阅读并理解鑫盟理财私人有限公司的个人数据保护政策，并同意鑫盟理财私人有限公司根据个人数据保护政策所阐述的用途使用我的个人资料。
  • I have read and understood the disclaimers above and hereby affirm my acceptance of these terms.
  • 我已阅读并理解了上述免责声明，特此声明接受这些条款。
  • I have not been directly contacted or approached by any representative or employee of FAPL with an offer or solicitation to apply for any financial products not offered in my home country.
  • 鑫盟理财私人有限公司的代表或员工并未直接与我联系或提出要约或招揽购买我原居住国境内所不提供的任何金融产品.
  • Financial Alliance Pte Ltd ( “FAPL”) is licensed by the Monetary Authority of Singapore (“MAS”) and allowed to conduct financial advisory activities in accordance with the Financial Advisers Act (Cap. 110) (“FAA”) and the Securities & Futures Act (Cap. 289) (“SFA”) within the jurisdiction of the Republic of Singapore and in accordance with the licenses granted by MAS
  • 鑫盟理财私人有限公司( “鑫盟理财”)持有由新加坡金融管理局(“MAS”)所颁发的牌照，并许可在新加坡共和国境内依据财务顾问法（第110章）和证券与期货交易法（第289章）进行财务咨询等相关业务
  • Any services provided by FAPL to persons not ordinarily resident in Singapore are provided solely on an offshore basis from Singapore, resulting from direct enquiry on the part of the foreign residents.
  • 鑫盟理财为非新加坡居民所提供的任何服务仅限于直接向鑫盟理财发出咨询请求的国外居民。
  • As an integral part of the provision of such services, FAPL may from time to time make available to such residents, documents and information making reference to capital markets products (for example, in connection with the provision of fund management or investment advisory services outside of the foreign jurisdiction).
  • 作为提供此类服务的一部分，鑫盟理财会不时向此类咨询者提供有关产品的参考文件和信息（例如，关于海外司法管辖区以外的资金管理或投资咨询服务等信息）。
  • Such documents and information are provided by Financial Alliance Pte Ltd (“FAPL”) is for general information only and is not intended for anyone other than the recipient.
  • 此类由鑫盟理财所提供的文件和信息仅供收件人做一般信息参考。
  • It does not take into account the specific investment objectives, financial situation or particular needs of any particular person.
  • 此类文件和信息不会把-个人投资目标，财务状况或其特定需求等考虑在内。
  • It does not constitute the making available of, or an offer or solicitation by FAPL to buy or sell or subscribe for any such capital markets product or to enter into a transaction or to participate in any particular trading or investment strategy nor an advice or a recommendation with respect to such financial products.
  • 鑫盟理财向该人士提供此类文件和信息将不构成要约或招揽购买或出售或认购任何此类资本市场产品，或达成交易或参与任何特定的投资策略，也不构成有关此类金融产品的建议或推荐。
  • These documents may not be published, circulated, reproduced or distributed in whole or in part to any other person without FAPL’s prior written consent.
  • 未经鑫盟理财的事先书面同意，不得将这些文件全文或部分发布，传播，复制或分发给其他人。
  • This document is not intended for distribution to, publication or use by any person in any jurisdiction, where such distribution, publication or use would be contrary to applicable law or would subject FAPL and its related corporations, connected persons, associated persons and/or affiliates to any registration, licensing or other requirements within such jurisdiction.
  • 鑫盟理财无意在分发，出版或使用此类文件可能违反当地法律，或本公司及关联公司或关联人士需要注册，获得许可或符合规定的司法权区向当地人士分发、出版此类文件或供其使用。
  • You shall ensure that you have and will continue to be fully compliant with all applicable laws in your home country when entering into discussion or contracts with FAPL.
  • 在与鑫盟理财进行讨论或签订合约时，您应确保您已完全遵守并将继续遵守您所在原居住国的所有适用法律及条规。

In compliance with the Personal Data Protection Act, Financial Alliance Pte Ltd (“FAPL”) seek your consent to collect and use your personal data (e.g. name, NRIC, contact numbers, mailing addresses, email addresses and photograph) for the purposes of and in accordance with FAPL’s Data Protection Policy, which can be found on FAPL’s website at https://fa.com.sg/data-protection-policy/.

根据《个人数据保护法》，鑫盟理财私人有限公司征求您的同意向您收集并使用您的个人信息。鑫盟理财将根据公司的个人数据保护政策所阐述的用途使用您的个人资料（例如姓名，证件号码，联系电话，邮寄地址，电邮地址和照片）。 该政策可在本公司网站上查寻，网址为 https://fa.com.sg/data-protection-policy/.

By submitting this form, you are deemed to have read and understood FAPL’s Personal Data Policy.

提交此表格，即表示您已阅读并理解鑫盟理财私人有限公司的个人数据政策

Scan for Contact Details

Enquiry

Join our newsletter

Subscribe to our newsletter to receive updates on our latest content!

By providing the info below, I confirm that I am the user and/or subscriber of the telephone number(s) and email address provided by me and I consent to receive from Financial Alliance and/or its financial adviser representatives, any marketing, advertising and promotional information organise by Financial Alliance via voice calls, SMS/MMS (text messages) or faxes to my telephone number(s) provided below. I understand I may withdraw any consent I have given at any time by writing in to Financial Alliance Pte Ltd.

Scan for WeChat QR

Retirement Planning

Will I be able to retire comfortably?

Find Out Now

Contact Me

What type of services are you looking for? 请问您需要咨询哪些方面的服务？(Please select all that applies)

ACKNOWLEDGEMENT

By submitting this form, I confirm that

提交此表格，即表示

  • I have read and understood FAPL’s Personal Data Policy, and hereby give my acknowledgement and consent to FAPL to use my personal data in accordance with FAPL’s Personal Data Policy.
  • 我已阅读并理解鑫盟理财私人有限公司的个人数据保护政策，并同意鑫盟理财私人有限公司根据个人数据保护政策所阐述的用途使用我的个人资料。
  • I have read and understood the disclaimers above and hereby affirm my acceptance of these terms.
  • 我已阅读并理解了上述免责声明，特此声明接受这些条款。
  • I have not been directly contacted or approached by any representative or employee of FAPL with an offer or solicitation to apply for any financial products not offered in my home country.
  • 鑫盟理财私人有限公司的代表或员工并未直接与我联系或提出要约或招揽购买我原居住国境内所不提供的任何金融产品.
  • Financial Alliance Pte Ltd ( “FAPL”) is licensed by the Monetary Authority of Singapore (“MAS”) and allowed to conduct financial advisory activities in accordance with the Financial Advisers Act (Cap. 110) (“FAA”) and the Securities & Futures Act (Cap. 289) (“SFA”) within the jurisdiction of the Republic of Singapore and in accordance with the licenses granted by MAS
  • 鑫盟理财私人有限公司( “鑫盟理财”)持有由新加坡金融管理局(“MAS”)所颁发的牌照，并许可在新加坡共和国境内依据财务顾问法（第110章）和证券与期货交易法（第289章）进行财务咨询等相关业务
  • Any services provided by FAPL to persons not ordinarily resident in Singapore are provided solely on an offshore basis from Singapore, resulting from direct enquiry on the part of the foreign residents.
  • 鑫盟理财为非新加坡居民所提供的任何服务仅限于直接向鑫盟理财发出咨询请求的国外居民。
  • As an integral part of the provision of such services, FAPL may from time to time make available to such residents, documents and information making reference to capital markets products (for example, in connection with the provision of fund management or investment advisory services outside of the foreign jurisdiction).
  • 作为提供此类服务的一部分，鑫盟理财会不时向此类咨询者提供有关产品的参考文件和信息（例如，关于海外司法管辖区以外的资金管理或投资咨询服务等信息）。
  • Such documents and information are provided by Financial Alliance Pte Ltd (“FAPL”) is for general information only and is not intended for anyone other than the recipient.
  • 此类由鑫盟理财所提供的文件和信息仅供收件人做一般信息参考。
  • It does not take into account the specific investment objectives, financial situation or particular needs of any particular person.
  • 此类文件和信息不会把-个人投资目标，财务状况或其特定需求等考虑在内。
  • It does not constitute the making available of, or an offer or solicitation by FAPL to buy or sell or subscribe for any such capital markets product or to enter into a transaction or to participate in any particular trading or investment strategy nor an advice or a recommendation with respect to such financial products.
  • 鑫盟理财向该人士提供此类文件和信息将不构成要约或招揽购买或出售或认购任何此类资本市场产品，或达成交易或参与任何特定的投资策略，也不构成有关此类金融产品的建议或推荐。
  • These documents may not be published, circulated, reproduced or distributed in whole or in part to any other person without FAPL’s prior written consent.
  • 未经鑫盟理财的事先书面同意，不得将这些文件全文或部分发布，传播，复制或分发给其他人。
  • This document is not intended for distribution to, publication or use by any person in any jurisdiction, where such distribution, publication or use would be contrary to applicable law or would subject FAPL and its related corporations, connected persons, associated persons and/or affiliates to any registration, licensing or other requirements within such jurisdiction.
  • 鑫盟理财无意在分发，出版或使用此类文件可能违反当地法律，或本公司及关联公司或关联人士需要注册，获得许可或符合规定的司法权区向当地人士分发、出版此类文件或供其使用。
  • You shall ensure that you have and will continue to be fully compliant with all applicable laws in your home country when entering into discussion or contracts with FAPL.
  • 在与鑫盟理财进行讨论或签订合约时，您应确保您已完全遵守并将继续遵守您所在原居住国的所有适用法律及条规。

In compliance with the Personal Data Protection Act, Financial Alliance Pte Ltd (“FAPL”) seek your consent to collect and use your personal data (e.g. name, NRIC, contact numbers, mailing addresses, email addresses and photograph) for the purposes of and in accordance with FAPL’s Data Protection Policy, which can be found on FAPL’s website at https://fa.com.sg/data-protection-policy/.

根据《个人数据保护法》，鑫盟理财私人有限公司征求您的同意向您收集并使用您的个人信息。鑫盟理财将根据公司的个人数据保护政策所阐述的用途使用您的个人资料（例如姓名，证件号码，联系电话，邮寄地址，电邮地址和照片）。 该政策可在本公司网站上查寻，网址为 https://fa.com.sg/data-protection-policy/.

By submitting this form, you are deemed to have read and understood FAPL’s Personal Data Policy.

提交此表格，即表示您已阅读并理解鑫盟理财私人有限公司的个人数据政策