Manulife IncomeSecure Review

Manulife IncomeSecure provides yearly income stream as you craft a meaningful gift for your loved ones.

Read more: Compare Manulife IncomeSecure and similar products

Manulife IncomeSecure product details

• Life policy – Endowment and Saving policy
• 3 premiums term to choose from.
  • 5 years or 10 years.
• Lifetime yearly income.
  • Receive yearly income up to age 120.
• Boost your yearly income.
  • Watch your income step-up over time, based on premium payment term and income payout year.
• Death and Terminal Illness Coverage
  • Be covered against death and terminal illness till age 120.
  • Get premium waiver upon total and permanent disability.
• Terminal cancer benefit.
  • An additional lump sum payout upon diagnosis of terminal cancer.
• Change of Life Insured.
  • Option to change the life insured to your loved ones.
• Change of person insured
  • Changing the person insured provides you with the flexibility to leave your legacy to your loved ones or future generations.
• Easy application with no health check-up.
  • Guaranteed acceptance with no health questions asked.
    
    

Read about: 4 Best Retirement Plans and Annuity Policies in Singapore (Updated)

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Features of Manulife IncomeSecure at a glance

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

Health and Insurance Coverage
Death: Yes
Total Permanent Disability: N.A
Terminal Illness: Yes
Critical Illness: N.A
Early Critical Illness: N.A

Health and Insurance Coverage Multiplier
Death: N.A
Total Permanent Disability: N.A
Terminal Illness: N.A
Critical Illness: N.A
Early Critical Illness: N.A

Optional Add-on Riders
Yes

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.

Read about: How can I accumulate a million dollar (Realistically)

Read about: The Complete Guide to Retirement Planning in Singapore 

Manulife IncomeSecure may be suitable if you are looking for

Manulife IncomeSecure may potentially be a good fit if the following matters to you:

• Regular yearly cash payout for a lifetime
• Saving regularly over a period of time
• Insurance options without medical underwriting
• To potentially generate higher financial returns compared to bank accounts
• Insurance policy with a high surrender value in the early years of the policy
  
  

Read about:  When should you start making plans for retirement?

Read about: The effects of compounding returns on your savings

Manulife IncomeSecure may not be suitable if you are looking for

Manulife IncomeSecure 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.
  
  

Read about: Why should you choose a shorter premium term on your insurance policies

Further considerations on Manulife IncomeSecure

• How is Manulife or Manulife IncomeSecure investment returns based on historical performance?
• How does Manulife IncomeSecure compare with retirement plans and annuity policies from other insurance companies?
• Can Manulife IncomeSecure fulfill my financial, insurance, health, and protection needs?
  
  

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

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

Is Manulife IncomeSecure suitable for me?