Manulife IncomeGen (II) Review

Manulife IncomeGen (II) is a whole-life insurance savings plan that provides lifetime monthly income up to age 120, while keeping you protected. The future generation can enjoy financial security in the years to come with the option to change the life insured.

Manulife IncomeGen (II) product details

• Life policy – Endowment and Saving policy
• Lifetime Monthly Income
  • Collect monthly income till age 120 from the end of the 49th policy month
  • Lump sum maturity benefit at age 120
• Insurance Coverage
  • Be covered against Death and Terminal Illness
  • Waiver of future premiums for Total and Permanent Disability during premium term
  • Receive a lump sum payout upon receiving a terminal cancer diagnosis
• Flexibility
  • Choose between a 3 or 5 years premium term
  • Option to change life insured during policy term
• Hassel free application
  • Guaranteed acceptance with no health questions asked
    
    

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Features of Manulife IncomeGen (II) at a glance

Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes

Health and Insurance Coverage
Death: Yes
Total Permanent Disability: Yes
Terminal Illness: Yes
Critical Illness: No
Early Critical Illness: No

Health and Insurance Coverage Multiplier
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No

Optional Add-on Riders
No

Additional Features and Benefits
Yes.

For further information and details, refer to Manulife website. Alternatively, fill up the form below and let us advise accordingly.

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Manulife IncomeGen (II) may be suitable if you are looking for

Manulife IncomeGen (II) may potentially be a good fit if the following matters to you:

• A hassle-free application without medical underwriting
• Regular cash payout for income supplement
• To potentially generate higher financial returns compared to bank accounts
• Insurance policy with a high surrender value in the early years of the policy
  
  

Manulife IncomeGen (II) may not be suitable if you are looking for

Manulife IncomeGen (II) may potentially be a bad fit if the following matters to you:

• Health and Protection coverage
• High insurance coverage for Death or Terminal Illness
• High insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
• Potentially higher financial returns compared to a pure investment product.
  
  

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Further considerations on Manulife IncomeGen (II)

• How are Manulife or Manulife IncomeGen (II) investment returns based on historical performance?
• How does Manulife IncomeGen (II) compare with Endowment policies from other insurance companies?
• Can Manulife IncomeGen (II) fulfill my financial, insurance, health, and protection needs?
  
  

The above information may not fully highlight all the product details and features on Manulife IncomeGen (II). Talk to us or seek advice from a financial adviser before making any decision about Manulife IncomeGen (II).

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.

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Is Manulife IncomeGen (II) suitable for me?