Indulge in quality time with your loved ones as you safeguard their future and yours with Ready LifeIncome (III). With lifetime annual payouts till age 120, Ready LifeIncome (III) provides the financial stability and protection against uncertainty with retrenchment benefit and premium freeze option. When it comes to financial planning for your loved ones, every little step matters. That's every day better.
1.Lifetime yearly income consists of guaranteed and non-guaranteed yearly income. Guaranteed yearly income is 0.80% of the sum insured. Based on illustrated investment rate of return of 4.25% p.a., non-guaranteed yearly income prior to 25th policy year is 2.00% of the sum insured and 2.20% of the sum insured from 25th policy year onwards. Based on illustrated investment rate of return of 3.00% p.a., non-guaranteed yearly income prior to 25th policy year is 0.90% of the sum insured and 0.99% of the sum insured from 25th policy year onwards.
2.Please refer to the Product Summary and Policy Contract for more details.
3.Retrenchment benefit is applicable during the premium payment term or before the policy anniversary immediately after the policy owner’s 65th birthday, whichever is earlier. This benefit is only applicable to individual owned policies where policy owner is aged 64 and below. For 5 years premium payment term, the retrenchment benefit payout will be 50% of annual premium, and for 10 years premium payment term, the retrenchment benefit payout will be 100% of annual premium.
4.Provided the policy has been in force for 2 policy years with 2 full annual premium payments and subject to approval by Manulife.
5.After 2 policy years, the Policyowner may request to change the life insured up to 2 times during the policy term. Subject to insurable interest and any other T&Cs. Please refer to Product Summary for more information.
Ready LifeIncome (III) 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. 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.
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, or visit any DBS/POSB Branch before making a commitment to purchase a policy.
Information is correct as at 10 April 2022.