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Do you know? Saving for your children’s higher education is one of the top concerns in Singapore, 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 plan the best for your children today and tomorrow?
Identify solutions that support your family goals in different time horizon
Start by listing your desired family goals & lifestyle on the short, mid & long-term, and diversify your income & savings to different financial solutions that suit your goals’ time horizons.
1. Short-term: Planning a house renovation to suit your family’s growing needs in 5 years? Consider lower-risk investments, like savings insurance plans that offer guaranteed capital back2 and return upon policy maturity and protection benefits.
You may be interested in:
2. Mid-term: Saving to gift your children with an opportunity to study abroad in 10 – 15 years? You can choose an investment-linked plan with potential returns in a selected time frame to meet your evolving needs.
Learn more about our investment-linked plans
3. Plan for emergency: You should have 6 – 12 months cash savings of your living expenses to protect yourself for life uncertainties. You can consider add on protection coverage to your investment-linked policy for the unexpected critical illnesses or medical expenses.
Check out Manulife InvestReady (III) + our new ReadyCare Riders3
Plan ahead for your retirement
Consider a retirement insurance plan. Provides you with a steady stream of monthly income4 that fits your desired retirement lifestyle. It also offers you with health and protection coverage at different stages of retirement.
You may be interested in:
Protect your family goals from inflation
Rising inflation rates make it essential to explore investment options. Investing in a diversified portfolio gives you the opportunity to grow your wealth and cope with inflation. Save for your child’s college fund, safeguard your lifestyle and achieve retirement goals. Start with the following questions5 to find out what you should know about investment products,
- What are the product’s benefits, risks, limitations, fees and charges?
- What is the maximum you can lose in the worst case, and how might this happen?
- Will this product complement, supplement or supersede your existing investments?
- Will you become over-exposed to a particular risk if your portfolio is not sufficiently diversified?
Investment-Linked Plans (ILPs) offer both investment opportunities and life insurance protection. Plus, 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
- 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. Protection coverage for ReadyCare Riders is up to before the policy anniversary immediately after the life insured’s 85th birthday.
4. 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.
5. https://www.moneysense.gov.sg/articles/2018/10/an-introduction-to-types-of-investments
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.
