What is Manulife SteadyPayout (II)?
Manulife SteadyPayout (II) is a single premium endowment plan that allows you to receive guaranteed yearly income for 9 years until it matures, while covering you against death1.
How does it work?
Receive2 guaranteed yearly income (13.145% of your single premium) every year for 9 years. The total amount paid to you is the total guaranteed yearly income received from end of Policy Year 1 to 9. There is no further maturity payout.
Who is it for?
Manulife SteadyPayout (II) is suitable for those who are seeking a reliable and predictable supplementary income stream in the form of guaranteed yearly income. This endowment plan also provides peace of mind, knowing that your loved ones are financially secure in the event of unforeseen death during the policy term.
How the guaranteed yield of 3.50% p.a. is calculated based on a single premium of S$100,000:
Manulife SteadyPayout (II) offers liquidity in the form of the guaranteed yearly income. You will only pay one premium at the start of the policy (i.e. single premium). The 3.50% p.a. return is calculated based on the single premium less the paid out guaranteed yearly income(s), including previous years’ return.
Illustrated figures are subject to rounding, interest rate used for the computation is 3.5007% p.a..
Terms and conditions apply. Please refer to the Product Summary for more information about this insurance plan.
*Assuming S$100,000 single premium amount and policy is held throughout the policy period.
Important Information
Footnotes
Terms and Conditions apply. Please refer to Product Summary for more information about this insurance plan.
- Death benefit is the higher of:
(a) 105% of the single premium less total guaranteed yearly income paid; or
(b) one year of guaranteed yearly income.
Upon payment of the death benefit, this policy will end. - The guaranteed yearly income cannot be accumulated with Manulife.
- Not applicable to policies that have been altered.
- Prior to the end of Policy Year 8, the combined value of the total guaranteed yearly income received and surrender value of your policy will be less than your single premium paid.
- The total amount paid out to you shall be the total of the guaranteed yearly income received from end of Policy Year 1 to 9. There is no further maturity payout.
Important Notes
Manulife SteadyPayout (II) is 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. 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 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 at 20 April 2025.
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