What is LifeReady Plus (II)?
LifeReady Plus (II) is a regular premium whole life plan available in Singapore, designed to offer lifelong coverage1 against death and terminal illness till age 99. Apart from the guaranteed death benefit, it also includes a cash value component that accumulates over time.
How does it work?
By paying regular premiums, you'll receive lifelong protection against death, terminal illness, and total and permanent disability, with coverage lasting until the age of 99. You also have the option to enhance your plan with add-ons, which can increase your coverage up to five times the basic sum insured and include protection against critical illnesses.
Who is it for?
LifeReady Plus (II) is ideal for individuals looking for long-term financial stability, due to its fixed premiums and guaranteed death benefit. This whole life insurance plan also appeals to those who appreciate the added benefit of cash value accumulation, which can provide financial flexibility and support over time.
Important information
- Terms and conditions apply. Please refer to respective product summaries for more information.
- Upfront premium discount is based on standard underwriting assessment. To qualify for premium discount subsequent to policy year 2, please submit the Health Advantage form or a medical report with the health target requirement for verification within the first 2 policy terms.
- Option is only available after the enhanced protection expires at age 70 or 80, and can only be exercised once. Annual payout will result in coverage reduction and lower cash value when the policy matures. Please refer to the product summary for more details.
Important notes
LifeReady Plus (II) and its supplementary benefits 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. Buying health insurance products that are unsuitable for you may affect your ability to finance your future healthcare needs. This brochure 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. If there are any differences between the English and Chinese versions of this brochure, the English version will apply.
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 its Appointed Distributors or visit any DBS/POSB Branch before making a commitment to purchase a policy.
Information is correct as of 1 July 2021.
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