Do you know? 57% of Singapore respondents have concerns about the impact of economic slowdown on their financial goals, according to Manulife Asia Care Survey 20231.
Uncertainty can throw you off-course in your pursuit of dreams, but Manulife is here to keep your dream safe.
How to invest for your goals?
Identify your financial goals and solutions
You should never put all your eggs in one basket but put the right number of eggs in different baskets. Utilize various types of investment solutions to achieve your financial goals.
1. Grow your wealth: You can choose from diverse funds offered in the investment-linked plans (ILP). Providing the potential for better returns while allowing you to control the level of risk based on the ILP fund(s) you have selected according to your risk appetite and investment objective.
Learn more about our investment-linked plans
2. Build your nest egg: Consider lower-risk investments, like savings insurance plans that offer guaranteed payouts2 and return upon maturity with protection benefits.
Learn more about our savings insurance plans
3. Plan ahead of your retirement: Retirement insurance plans provide you with monthly income over a lifetime3, or your choice of 54, 10, 15 or 20 years.
You may be interested in:
4. Plan for emergency: You should have 6 – 12 months cash savings of your living expenses to protect yourself for life uncertainties. You can consider adding on protection coverage to your investment-linked policy from the unexpected critical illnesses or medical expenses.
Check out Manulife InvestReady (III) + our new ReadyCare Riders5
Construct & diversify your investment portfolio
Depending on your risk profile, your investment portfolio can be classified into three types depending on the proportion of risks – growth, balanced and conservative.
In general, young investors usually have more time on their side and can tolerate higher risk, while middle-aged investors face greater financial pressures and can tolerate only moderate risk. Senior investors, on the other hand, lack stable sources of income and should therefore focus on capital preservation.
You can consider the 5Rs: Risk, Return, Right Mix, Rebalancing and Review. Read this article which demonstrates to you on how one should go about diversifying and allocating your assets. Learn more.
Actively manage your investments
You can consider investment-linked plans that allow your regular basic premiums to be invested in ILP fund(s) units of your choice.
If you plan to actively manage your ILP fund(s) choices in response to market conditions, look for a plan that offers you free, unlimited fund switches throughout the investment period.
You can also look out for bonuses and rewards on selected solutions to increase your potential returns.
Learn more about our investment-linked plans
Understanding what you need is the first step toward formulating a solid strategy. Check out our how-to-guides on investment planning
Dreams come in different shapes and sizes, as do our solutions. To secure your dreams, connect with our financial consultants today to find out how we can assist you to:
- identify your financial and protection gaps, and
- provide personalised financial advice to achieve your goals
Thank you for contacting Manulife Singapore!
Our Financial Consultant will be in touch with you soon.
Here are some links you might find useful.
You may be interested in:
Thank you for contacting Manulife Singapore!
Our Financial Consultant will be in touch with you soon.
Here are some links you might find useful.
Having other goals in life?
Important information
Terms and conditions apply, please refer to the respective Product Summaries and Policy Contracts for specific definitions.
Footnotes
1. Manulife Asia Care Survey, 2023 (https://www.manulife.com.sg/en/about-us/newsroom/singapore-respondents-hope-of-saving-for-retirement-stifled-by-more-immediate-financial-and-lifestyle-pressures.html)
2. Manulife Goal 2023 (II) - Not applicable to policies that have been altered.
3. RetireReady Plus (III) - The Guaranteed Monthly Income (GMI), less any policy debt, will start one month after the policy anniversary immediately after the life insured reaches the selected retirement age and to the end of his/her selected income payout period.
Manulife IncomeGen - Lifetime monthly income consists of guaranteed and non-guaranteed monthly income. Guaranteed monthly income is equal to 0.81% of the sum insured divided by 12. Based on illustrated investment rate of return of 4.25% p.a., non-guaranteed monthly income is equal to 2.43% of the sum insured divided by 12, and based on illustrated investment rate of return of 3.00% p.a., non-guaranteed monthly income is equal to 1.17% of the sum insured divided by 12.
4. RetireReady Plus (III) - Not applicable to policies with single premium and 5 years premium payment term.
5. ReadyCare Riders - Protection coverage for ReadyCare Riders is up to before the policy anniversary immediately after the life insured’s 85th birthday.
Important notes
These insurance products are underwritten by Manulife (Singapore) Pte. Ltd. (Reg. No. 198002116D). This advertisement has not been reviewed by the Monetary Authority of Singapore. Buying a life insurance policy is a long-term commitment. There may be high costs involved if you terminate the policy early, and your policy's surrender value (if any) may be zero or less than the total premiums paid. Your investments are subject to investment risks, and you may lose the principal amount invested. The performance of the ILP fund(s) is not guaranteed. The value of the units in the ILP fund(s) and the accumulated income (if any) may fall or rise. The Fund Managers shall have the absolute discretion to determine whether a distribution is to be made in respect of the ILP fund(s) as well as the rate and frequency of distributions to be made. The intention of the Fund Managers to make the distribution and the distribution yield for the ILP fund(s) is not guaranteed, and the Fund Managers may review the distribution policy depending on prevailing market conditions. Distributions may be made out of income, net capital gains and/or capital. Past distribution yields and payments are not necessarily indicative of future distribution yields and payments. Any payment of distributions by the ILP fund(s) may result in an immediate decrease in the net asset value per unit. You should read the prospectus and the product highlights sheet and seek financial advice before deciding whether to purchase units in the ILP Fund(s). A copy of the prospectus and the product highlights sheet can be obtained from a Manulife Financial Consultant or our Appointed Distributors.
This website is for your information only and does not consider your specific investment objectives, financial situation or needs. It is not a contract of insurance and is not intended as an offer or recommendation to purchase the plan. You can find the full terms and conditions, details, and exclusions for the mentioned insurance product(s) in the policy contract.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the LIA or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
We recommend that you seek advice from a Manulife Financial Consultant or our Appointed Distributors before making a commitment to purchase a policy.
Information is correct as of 18 July 2023.
