Manulife DIRECT-ManuAssure Life product details
- Life policy – Whole Life Policy
- Direct – ManuAssure Life gives you permanent financial protection throughout your life. For covered events, Manulife will pay the sum insured together with declared bonuses in a lump sum.
- You can choose a policy sum insured that falls between S$50,000 and S$200,000. For each life insured, you cannot buy more than S$400,000 cover for all DPI products we offer.
- With the declared bonuses, Direct – ManuAssure Life builds up a cash value after your policy has been in force for 3 years, so the earlier you get protected, the lower the premium and the more cash value it builds up by the time you need it. Bonus rates are not guaranteed. The actual bonus we pay may depend on the future performance of the Participating Fund that this policy takes part in.
- You may choose to pay premiums up to age 70 or 85 (depending on your age when you buy the plan
Manulife DIRECT Manu Assure Life is a common search alternative for Manulife DIRECT-ManuAssure Life.
Read About: Whole Life Policy: How does it work?
In-depth Review: 3 Best Whole Life Plans in Singapore for Insurance Coverages (2023 Edition)
Features of Manulife DIRECT-ManuAssure Life at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: No
Health and Insurance Coverage
Total Permanent Disability: Yes
Terminal Illness: Yes
Critical Illness: No
Early Critical Illness: No
Health and Insurance Coverage Multiplier
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Optional Add-on Riders
Direct – Life ManuCritical Care Rider
Additional Features and Benefits
For further information and details, refer to Manulife website. Alternatively, fill up the form below and let us advise accordingly.
Read About: Effects of compounding returns
Manulife DIRECT-ManuAssure Life may be suitable if you are looking for
Manulife DIRECT-ManuAssure Life may potentially be a good fit if the following matters to you:
- Higher protection for Death and Terminal Illness coverage at an affordable premium.
- Higher Early Critical Illness, Critical Illness and Total Permanent Disability coverage in an Insurance Policy.
- Health and Protection coverage due to a shortfall in your Insurance Portfolio.
- Accumulating cash value in the policy for financial returns in the long-term.
- Paying premiums only for a limited number of years and enjoying coverage for a lifetime.
Read About: How much insurance coverage do you really need in Singapore *NEW*
In-depth Review: Term life vs Whole life – Which is better for you?
Manulife DIRECT-ManuAssure Life may not be suitable if you are looking for
Manulife DIRECT-ManuAssure Life may potentially be a bad fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your Insurance policy.
- Access to cash from your policy on a regular basis.
- Insurance policy with a high surrender value in the early years of the policy.
- Potentially higher financial returns compared to a pure investment product.
In-depth Review: 3 Best Endowment Savings Plans in Singapore with Lifetime Wealth Accumulation (2023 Edition)
In-depth Review: 3 Best Investment Linked Policies in Singapore for Wealth Accumulation (2023 Edition)
Further considerations on Manulife DIRECT-ManuAssure Life
- How is Manulife or Manulife DIRECT-ManuAssure Life investment returns based on historical performance?
- How does Manulife DIRECT-ManuAssure Life compare with Whole Life Policy from other insurance companies?
- Can Manulife DIRECT-ManuAssure Life fulfil my financial insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Manulife DIRECT-ManuAssure Life. Talk to us or seek advice from a financial adviser before making any decision about Manulife DIRECT-ManuAssure Life.
Read About: Where do you start with financial planning?
Compare before you commit
Before committing to a whole life insurance policy, it certainly pays to make an effort to compare. Specific products features, benefits and payout will differ more than you think across insurance companies.
Why regret only years later, when you find out that you are not getting the best insurance policy available for the premium paid?
Even worse, to know you can compare whole life insurance plans here, 100% free of charges on the InterestGuru.sg platform.
Is Manulife DIRECT-ManuAssure Life suitable for me?
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