Life Insurance

Manulife ReadyIncome

The gift of assurance for generations to come.

ManuRegular Payout

You've strived hard to create wealth and nothing is more rewarding than knowing you can prepare a gift of assurance for your future generations.

Manulife ReadyIncome is a regular premium whole life insurance income1 plan that is designed to give you a supplementary income stream1 from as early as the end of the 2nd policy year. You also have the flexibility to gift2 the policy ownership and its yearly income payouts1 to your child when he reaches age 18. It is suitable if you would like to enhance your legacy for generations to come.

How Manulife ReadyIncome enables wealth transfer

Product Details

Benefits at a Glance:

  • Enhances your legacy for your next generation as your gift of love
  • Provides long-term financial stability for your child
  • Secures financial stability with a supplementary income stream1
  • Keeps your loved ones protected should the unexpected happen

Features:

  • Receive potential yearly income payout1 of up to 2.25%3 (1% fixed) of the Sum Insured4 from as early as the end of policy year 2 to year 9
  • Receive potential yearly income payout1 of up to 18%3 (8% fixed) of the Sum Insured4 from the end of policy year 10 onwards
  • Option to accumulate the yearly income payouts1 with Manulife at a non-guaranteed interest rate of 3%5 per annum
  • Choice to make a partial or full withdrawal of the accumulated yearly income payouts1
  • Allows the transfer of policy ownership and yearly income payouts1 to your child from age 18 onwards
  • Receive a Maturity Benefit6 in a lump sum when Life Insured reaches age 99
  • Choice of premium payment term of 5, 10, 15 or 20 years
  • Premium waiver7 upon diagnosis of Total and Permanent Disability (TPD) of the Life Insured while yearly income payout1 continues
  • Provides the Life Insured with Death7 and Terminal Illness (TI)7 protection
  • Compulsory Payor Premium Waiver Rider7
  • Guaranteed issuance with no medical check-up required

This plan can help you with the possible needs of:

  • Wealth protection
  • Legacy enhancement
  • Gifting for children
  • Supplementary income stream
 

How Manulife ReadyIncome can help provide supplementary income stream and assurance for you next generation

Mr Lee, age 35, male non-smoker, has a new-born son, James. He wants to establish long-term financial stability for himself and his next generation without compromising on lifestyle.

He buys a Manulife ReadyIncome policy (with compulsory Payor Premium Waiver Rider7) with a Sum Insured4 of S$66,700 with himself as the Policy Owner and James as the Life Insured. He pays the annual premium of S$25,638 for 10 years. He receives the fixed and non-guaranteed yearly payouts1 from the end of the 2nd Policy Anniversary as a supplementary income stream1.

When James turns 18, Mr Lee decides to gift2 this policy to him. James is now the Policy Owner and the recipient of the yearly income payouts1. He receives and uses the payouts1 for his university education. James soon starts his own family and enjoys his yearly income payouts1 to go on holidays with them.

*Comprises fixed and non-guaranteed yearly payouts. Non-guaranteed yearly payouts are based on the projected investment rate of return of 4.75% per annum. The above is only for illustrative purposes and figures have been rounded. The projected figures are not indicative of the likely or future performance of Manulife's Participating Fund. This plan is only denominated in S$.

If Mr Lee passes away or is diagnosed with TPD or TI during the premium term, the Payor Premium Waiver Rider7 will kick in and premiums will be waived. James will continue to enjoy the benefits of the plan.

For more information, visit any DBS Treasures Private Client centre or

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Footnotes
1 Manulife ReadyIncome provides a stream of yearly income payouts starting from the end of the 2nd policy year until the Life Insured reaches the age of 99 or until the termination of the Policy, whichever is earlier.
2 Transfer of policy ownership via assignment is allowed anytime while the policy is in force. The assignee must be at least 18 years old.
3 Each yearly income payout from the end of policy year 2 onwards consists of fixed and non-guaranteed yearly income. The projected non-guaranteed yearly income is based on the projected investment rate of return of 4.75% per annum. The actual benefits payable may vary according to the future performance of Manulife’s Participating Fund.
4 The Sum Insured is solely used to determine the amount of yearly income. It does not represent the benefits payable on a claimed event.
5 3% per annum is the current interest rate. It is based on the projected investment rate of return of 4.75% per annum. The interest rate is subject to change by Manulife with 30 days advance notice to the Policy Owner.
6 The Maturity Benefit consists of a fixed payout of 105% of total premiums paid-to-date (but not any premiums paid in advance), non-guaranteed maturity bonus, last yearly income and any accumulated yearly income (less any amount owed to Manulife).
7 Please see the Product Summary and Policy Contract for details of the waiver of premium on TPD benefit, Death Benefit, Terminal Illness Benefit and Payor Premium Waiver Rider.
8 The non-guaranteed maturity bonus is based on the projected investment rate of return of 4.75% per annum. The actual benefits payable may vary according to the future performance of Manulife's Participating Fund.

Information is correct as at 24 October 2016.

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