A regular premium endowment insurance plan that helps your retirement planning from just S$4501.
This affordable regular premium endowment insurance plan helps you kick-start your retirement plan from just S$4501 a year, which works out to be just S$1.23 per day! It offers you flexibility and certainty with fixed returns of up to 2.37%2 per annum at policy maturity. This plan is available to you from age 18 to 62.
This plan can help you with these possible needs:
Jason, age 40, plans to retire at age 65 and would like to receive a monthly GRIB4 of S$3,000 monthly for 10 years. He buys ManuRetire (with compulsory Accidental Death Cover (ADC) rider) and chooses to pay till age 50.
In the diagram above, Jason also receives a non-guaranteed Maturity Payout10 at the end of his 10th year into retirement, which he can use to supplement his funding into his golden years.
|Overview of Payouts|
Total GRIB4 Received:
Projected9 non-guaranteed Maturity Payout10:
Projected9 Total Retirement Income Payouts:
Projected9 Total Retirement Income Payouts Divided by Total Premiums Paid:
Guaranteed Return at Maturity:
1.78% per annum
Total Returns (Guaranteed and Non-guaranteed) at Maturity:
4.02% per annum
At age 65, Jason can also choose11 to receive his retirement income in one of the 3 other ways below:
Option 1: Accumulate12 the monthly GRIB4 with Manulife to earn interest13
Option 2: Withdraw some of the cash value and receive the remaining as monthly GRIB4 for 10 years. Receive a non-guaranteed Maturity Payout10 at the end of his 10th year into retirement.
Option 3: Fully withdraw the total cash value which will be more than the total premiums paid by him (as shown by the table below)
Total Premiums Paid:
Guaranteed Cash Value:
Projected9 Non-guaranteed Cash Value:
Projected9 Total Cash Value at age 65 (Selected Retirement Age):
Projected9 Total Cash Value at age 65 Divided by Total Premiums Paid:
Guaranteed Return at age 65 (Selected Retirement Age):
1.21% per annum
Total Returns (Guaranteed and Non-guaranteed) at age 65 (Selected Retirement Age):
3.38% per annum
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