Manulife IncomeSecure – Go or No Go?
Choosing a retirement income plan in Singapore can be confusing. In this article, we provide a Manulife IncomeSecure comparison 2025, reviewing how it performs against competitors. You’ll see how payouts, premiums, and benefits compare—so you can decide which plan best supports your retirement goals.
Manulife IncomeSecure Comparison 2025 – Key Features & Illustration
Let’s simplify things and provide you with a summary of what you need to know about Manulife IncomeSecure.
Manulife IncomeSecure is a participating endowment plan that provides both guaranteed yearly income and non-guaranteed bonuses. It is designed for individuals who want steady payouts during retirement, while also keeping flexibility to change the life insured in future.
Key Features:
- Premium term: 5 or 10 years
- Guaranteed yearly income after accumulation period
- Pays you an annual income till age 120 from end of policy year 3 (for 5 year premium term)
- Flexibility to change life insured once during the policy term
- Option to accumulate the income into the plan at a non-guaranteed interest rate of 3% p.a
Read more: An in-depth review of Manulife IncomeSecure
Manulife IncomeSecure 2025: Sample Illustration
Let’s go into a scenario of Mark, Age 35, considering Manulife IncomeSecure of a premium term of 5 years, premium amount of $24,000 per annum.
To summarise the above scenario:
- Pays a Guaranteed Income of $960/year from end of year 3
- Pays a Projected Income of $2400/year from end of year 3 to end of year 8
- Capital Guaranteed on end of year 8
- Pays a Step-up Projected Income of $3600/year from end of year 9
- Total premiums paid: $120,000
- Total Projected Yield if the plan is kept till age 80: $268,000
Competitor Plans in 2025
Income-paying plans in the market tends to be quite similar. At Interestguru.sg, we compare these plans for you by examining their premiums and yields.
Similar plans that works like Manulife IncomeSecure includes but not limited to:
- Singlife Flexi Life Income II
- FWD Lifeincome Plus
- China Taiping Infinite Harvest Plus
- China Life Lifetime Income Plan
- NTUC Income Gro Cash Plus
- NTUC Income Gro Cash Sure
- NTUC Income Luxe Plus Solitaire
Click on each plan to view an in-depth product review by Interestguru.sg!
Read more: 3 Best lifetime income plans in Singapore
Sample illustration of a competitor – Singlife Flexi Life Income II
One of the most popular income paying plan in the market, let’s take a look at how different the features and numbers will be for Singlife Flexi Life Income II.
Let’s go into the SAME scenario of Mark, Age 35, considering Manulife IncomeSecure of a premium term of 5 years, premium amount of $24,000 per annum.
To summarise the above scenario,
- Pays a Guaranteed Income of $1540/year from end of year 5
- Pays a Projected Income of $3640/year from end of year 5 to age 120
- Capital Guaranteed on end of year 5
- Total premiums paid: $120,000
- Total Projected Yield if the plan is kept till age 80: $288,000
After looking at both plans, Singlife Flexi Life Income II is a much straightforward, fuss free and easy to understand plan, as compare to Manulife IncomeSecure.
Manulife IncomeSecure vs Competitors – Side-by-Side Comparison
Pros & Cons of Manulife IncomeSecure (2025)
✅ Pros
Flexibility to change the life insured once
Income can be paid out from end of year 3 for a 5 year premium term
Lifetime income payouts up to age 120
❌ Cons
Low guaranteed yearly income
Ultimately, this Manulife IncomeSecure comparison 2025 highlights that each plan serves a different need. While Manulife focuses on flexibility and stable income, it’s competitor’s plans may appeal to those seeking different payout options or higher returns.
How can I compare Manulife IncomeSecure with other similar plans?
As highlighted above, there are at least 7 plans available in the market that are comparable to Manulife IncomeSecure, with even more options beyond this list.
How do you begin comparing options or determine if the Manulife IncomeSecure plan introduced to you is suitable for your needs? Don’t worry! Leave it to us—we’re experts at what we do.
Simply fill out the form below, and one of our advisors will reach out to help you compare plans as soon as possible. At Interestguru.sg, comparison is our specialty. Share your criteria with us, and we’ll find the most suitable plan for your needs.
FAQs About Manulife IncomeSecure vs Competitors
Q1: What is the payout structure of Manulife IncomeSecure in 2025?
Guaranteed yearly income starts after the accumulation period (as early as the end of 3rd year), with non-guaranteed bonuses added if declared.
Q3: Which retirement income plan in Singapore offers the highest guaranteed payouts?
Guaranteed payout levels varies according to your chosen retirement age and premium terms. Our advisor will assit you with an in-depth comparison to offer you the best income paying retirement plans according to your needs.
Q4: Can I use SRS to pay for Manulife IncomeSecure?
No, Manulife IncomeSecure can only be purchase with cash.
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