RetireReady
Manulife RetireReady is a retirement income plan that gives you the certainty of a Guaranteed Monthly Income¹ up to 2.57% ² a year, flexibility and 2X Guaranteed Monthly Income should you face Loss of Independence.
Key features:
Bonuses Possible
Receive total income up to 4.43%3 a year with potential bonuses
Receive Payouts
Receive 2X guaranteed monthly income for loss of independence4
Capital Guaranteed
100% capital guaranteed at chosen retirement age
Flexibility
Freedom to choose your desired retirement age, income payout period and premium payment period
Waiver Of Future Premiums
Premium waiver upon total and permanent disability
Payment Options
Choose to pay with cash or Supplementary Retirement Scheme (SRS)
Easy Application with No Health Check Up
Guaranteed acceptance with no medical check-up needed
Product footnotes
1. We will pay you the Guaranteed Monthly Income (less any policy debt), starting one month after the policy anniversary immediately after the life insured reaches the chosen retirement age and we will pay this till the end of your chosen income payout period. For a single-life policy, the life insured will also be the policy owner.2. The guaranteed return varies depending on the different combination of entry age, premium payment term, retirement age and Income Payout Period. The guaranteed return of 2.57% per annum is applicable only upon policy maturity. It is based on the assumption that a 25 years old customer has opted to pay premiums annually for 10 years, and start receiving retirement income from retirement age of 70 till 90.3. The total yield varies depending on the different combination of entry age, premium payment term, retirement age and Income Payout Period. The total return of 4.43% per annum is applicable only upon policy maturity. It is based on the assumption that a 31 years old customer has opted to pay premiums annually for 5 years, and start receiving retirement income from retirement age of 60 till age 80.4. At any time during the income payout period, if the life insured meets the Loss of Independence definition, we will pay a Loss of Independence income equivalent to the Guaranteed Monthly Income. This will start from the next retirement income payment date, after the end of the deferment period. Deferment period means the 90-day period from the claim date (including the claim date). We will pay the Loss of Independence income together with the retirement income benefit as long as the life insured meets the Loss of Independence definition. You cannot leave the Loss of Independence income due under this benefit with us. This benefit ends immediately on the date the life insured recovers and is no longer in the state of Loss of Independence. If the life insured has recovered but loses independence again, you are entitled to this benefit again as long as the life insured continues to meet the Loss of Independence definition. For the full definition of Loss of Independence and the 6 activities of daily living, please refer to the product summary and policy contract.Important notes
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 less than the total premiums paid. This 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. We recommend that you seek advice from a Manulife Financial Consultant before making a commitment to purchase a policy.
Information is correct at the time of publishing.
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