Signature Indexed Income

Terms and conditions apply. Please refer to Product Summary for more information about this insurance plan.

Footnotes

The actual benefits payable and coverage are not guaranteed and are dependent on the actual crediting rates (subject to the minimum guaranteed crediting rate) applied to your policy's Fixed Account and Index Account, actual policy charges and fees (subject to the maximum policy charges and fees) as well as the amounts of any additional premiums paid, partial withdrawals made and/or loans taken.

1. Actual monthly income payout will depend on the actual amount, timing and frequency of premium payments, Income Start Year, Net Premium Allocation, actual crediting interest, actual policy value growth, actual charges, selected Automatic Premium Spread option and any policy transactions performed. Payment of monthly income is not guaranteed and the actual monthly income may vary from any illustrations provided from us to you.

2. You may pay premiums of any amount at any time up to age 100, within the maximum limits we set. If you have enough cash value in the policy, you may skip a premium payment or stop paying premiums entirely. You may need to pay extra premiums if the actual interest credited is lower than illustrated, if you take a loan, if you make a withdrawal, and/or if the actual policy charges and fees increase. The actual amount and frequency of premium payments will affect the policy value and, potentially, the monthly income and the death benefit, as well as how long the policy is kept in force.

3. Available Income Start Year options depend on the selected planned premium term.

4. Income Start Year can be changed any time after policy inception up to 11 policy months before prevailing Income Start Year.

5. Account reallocation is allowed after 2 years from issuance. There can only be one active account reallocation request at any point in time.

6. Policy owner may request to change the life insured after 2 years from the policy issue date. Acceptance of the new life insured is at Manulife’s sole and absolute discretion and will depend upon the insurability of this new life insured, as well as other terms and conditions as Manulife shall determine from time to time.

7. Policy owner can choose to leave the monthly income to accumulate with Manulife. If you choose the accumulated option, Manulife will accumulate the monthly income into the Income Accumulation Account (IAA). Interest will be credited to the IAA value at a rate determined by Manulife, currently at 2.00% p.a.. This rate is non-guaranteed and is subject to change with a 30-day notice. You can request to withdraw from the IAA at any time, subject to a minimum withdrawal amount of US$500 or the IAA balance, whichever is lower. Any balance in the IAA will be paid out when the policy is terminated. The IAA value does not form part of policy value.

8. Surrender Value Floor will be payable if it is higher than the policy value less Surrender Charge less Unvested Policy Value Booster. The Surrender Value Floor only applies upon full surrender of the policy.

Surrender Value Floor is determined as the higher of:

(i) Zero; or

(ii) Total Premium Paid, less a percentage of Face Amount, less any reductions due to withdrawals and less any reductions due to terminal illness claim.

The percentage of Face Amount in (ii) is 20% for the first 10 Policy Years, and will proportionately increase monthly to 40% by the end of Policy Year 30 and remain at 40% till the maturity or termination of the policy.

9. Crediting rate for Index Account is calculated based on the 1-year point-to-point performance of the underlying index, excluding dividends, subject to floor and cap rates set by Manulife.

10. Death benefit is the higher of:

(a) 105% of total premiums paid, less any reductions due to withdrawals, less any reductions due to terminal illness claims, less monthly income paid;

(b) policy value; or

(c) Surrender Value Floor (SVF),

less policy debt (if any).

In addition to the death benefit paid, if you have left any monthly income to accumulate with us in the Income Accumulation Account, it will also be paid out together with interest earned (if any).

Terminal illness coverage is up to age 99.

Standard & Poor’s 500 Composite Stock Price Index

The S&P 500 Index is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by Manulife (Singapore) Pte. Ltd. S&P®, S&P 500®, US 500, The 500, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Manulife (Singapore) Pte. Ltd. Signature Indexed Income is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.

Important Notes

Signature Indexed Income 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 brochure is also available in Chinese and Bahasa Indonesia. If there is any difference between the English, Chinese and Bahasa Indonesia versions, 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 our Appointed Distributors, or visit any DBS/POSB Branch, before making a commitment to purchase a policy.

All information is correct as at 15 September 2024.