Manulife Spring Review

The complete Pros and Cons on Manulife Spring

Manulife Spring is a 12-year savings endowment plan and provides coverage against Death, Total and Permanent Disability, and Terminal Illness. You can choose to offset premiums from the 3rd or 6th year onwards with the Yearly Guaranteed Cash Benefits.

Manulife Spring product details

  • Life policy – Endowment and Saving policy
  • Capital Guaranteed
    • Upon maturity, get back at least 100% of total capital
  • Coverage
    • Protection cover against Death, Total and Permanent Disability, and Terminal Illness
  • High Potential Returns
    • Enjoy high returns of up to 3.32% per annum over 12 years
  • Flexible Options for Yearly Guaranteed Cash Benefits
    • Use them to offset future premiums from the end of 3rd or 6th policy year; or
    • Receive yearly payouts; or
    • Accumulate them at a non-guaranteed 3.25% per annum

Read aboutEndowment and Saving policy: How does it work?

Read AboutEndowment and Saving policy: Is it the best option?

Features of Manulife Spring at a glance

Cash and Cash Withdrawal Benefits

Cash value: Yes
Cash withdrawal benefits: No

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

N/A

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 AboutEffects of compounding returns

Read About3 things to consider before taking up a new financial product

Manulife Spring may be suitable if you are looking for

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

  • A hassle-free application without medical underwriting
  • Short to medium term endowment and savings plan
  • To saving regularly over a period of time
  • To potentially generate higher financial returns compared to bank accounts

Manulife Spring may not be suitable if you are looking for

Manulife Spring may potentially be a bad fit if the following matters to you:

  • Liquidity or flexibility of withdrawal in your Insurance policy.
  • Health and Protection coverage
  • High insurance coverage for Death or Terminal Illness
  • Insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
  • Lifetime regular cash payout
  • A one-time premium commitment with no further cash commitment
  • Potentially higher financial returns compared to a pure investment product.
  • Insurance policy with a high surrender value in the early years of the policy.

Read AboutHow can I accumulate a million dollar (Realistically)

Further considerations on Manulife Spring

  • How is Manulife or Manulife Spring investment returns based on historical performance?
  • How does Manulife Spring compare with Endowment policy from other insurance companies?
  • Can Manulife Spring MySavingsPlan fulfill my financial, insurance, health, and protection needs?

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

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

Read About3 best Savings plans and endowment policies in Singapore (updated Jan 2020)

Where can I compare the payout and benefits of saving plans and endowment policies?

Before committing to an insurance policy, it certainly pays to make an effort to compare. Specific product features, benefits, and payouts 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?

Use our Compare NOW feature to receive the most competitive quotes on saving plans and endowment policies.

Alternatively, you just need to provide us with a couple of details below.

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Is Manulife Spring suitable for me?

Contact InterestGuru using the form below. Our panel of Independent financial planners will advise accordingly, based on your financial profile and protection needs.

All financial reviews and proposals provided are 100% free of charge. There will be no obligation to take up any proposed financial products or services in any way.

*For a limited time, get attractive incentives when you take up any products that is proposed by our team of financial planners.

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You have a yearly savings budget (annual premium) of:

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Before you go...
Manulife Spring may be a good fit towards your current financial goals. However, there could be way more plans out there with features and/ or benefits that could be more relevant to you at a lower cost.
Drop us a message and find out about customised options across multiple insurance companies. You deserve to get the best out of your hard-earned savings!

 

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