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What is Manulife IncomeGen (II)?
Manulife IncomeGen (II) is a whole-life insurance savings plan in Singapore. It is designed to assist with your savings goals while offering a lifetime monthly income1 combined with life insurance coverage.
How does it work?
Choose between a 3- or 5-year premium plan. A portion of your yearly premiums is allocated to a savings fund. At the end of the 49th or 61st policy month (depending on the premium plan), you will start receiving a monthly income consisting of guaranteed and non-guaranteed returns, up to age 120.
Who is it for?
Manulife IncomeGen (II) is suitable for those who want to ensure financial protection for themselves and their families while also building their savings. Like a savings account that earns interest based on a monthly interest scheme, the savings component grows over time. It is considered low to moderate risk due to its components of guaranteed return, allowing you to save money over time to achieve long-term financial goals such as education, buying a home, or retirement.
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Important Information
Terms and Conditions apply. Please refer to the respective product summary for more information.
- 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.
- In the event the life insured is diagnosed with terminal cancer before the policy anniversary immediately a er his or her 75th birthday during policy term and survived for at least 7 days from the date of diagnosis, subject to 1-year waiting period commencing from the policy issue date, the most recent date Manulife approved the change of life insured or date of the most recent policy reinstatement (whichever is later), Manulife will pay an additional lump sum amount depending on the chosen premium payment term as follows, after taking off any policy debt: (a) 30% of annual mode premium for 3-year premium payment term; (b) 50% of annual mode premium for 5-year premium payment term.
- After 2 policy years, the policy owner may request to change the life insured up to 2 times during the policy term. Subject to insurable interest and any other terms and conditions as set out in the policy contract.
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Consent
By submitting your personal details,
- You acknowledge that you authorise and consent to Manulife (Singapore) Pte Ltd ("Manulife) (including employees and Representatives of Manulife) to collect, use, disclose and retain your personal data for the purpose of receiving notifications via SMS(es) and email(s) to service your request; and
- You consent to Manulife to contact you (even though your telephone number may be already registered on the National Do Not Call Registry) for marketing purposes, and to provide you with marketing, advertising and promotional information, materials and/or documents relating to financial advisory services and products distributed by Manulife, if applicable.
The consent you provide is in addition to and does not supersede, vary or nullify any consent which you may have provided previously in respect of the above purposes, unless your previous consent has been withdrawn.
You also confirm that you are the user and/or subscriber of the telephone number and email address provided by you.
