Turn the certainty of fixed returns into a solution for your retirement.
Retirement is the time for you to enjoy the success that you’ve achieved and indulge in the things you never had time for.
Plan ahead so you can meet your retirement objectives with greater ease. Be assured that you and your family will continue to enjoy the best life has to offer, in the way you’re used to.
With ManuRetire, you determine your intended retirement age and how much you want to receive every month. The plan offers fixed payments and competitive yields to help ensure you have enough money set aside to enjoy your golden years. Premium terms are flexible to suit your preferences.
The certainty of fixed returns of up to 2.37%1 per annum also makes this regular premium endowment insurance plan an option for portfolio diversification. If you are 18 to 62 years of age, capitalise on it now for just S$1.23 per day or S$4502 a year.
This plan can help you with these possible needs:
Jason, age 40, plans to retire at 65 years old and would like to receive a monthly GRIB4 of S$3,000 for 10 years. He buys ManuRetire (with compulsory Accidental Death Cover (ADC) rider) and chooses to pay till he is 50 years old.
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 funding for 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
Jason is now 65 years old and 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. At the end of his 10th year into retirement, he will receive a non-guaranteed Maturity Payout10.
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, the 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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