
Manulife SteadyPayout is a single premium endowment plan which provides you with a guaranteed yearly income stream from the start to end of your policy while covering you against death.
Manulife SteadyPayout product details
- Life policy – Endowment and Saving policy
- Capital Guaranteed
- From the end of Policy Year 8, you would have received 100% of your capital back through the guaranteed yearly income
- Guaranteed yearly income
- Receive 13.45% of your single premium every year, payable from the end of Policy Year 1 to 9
- Pay your premiums using vash or SRS
- Low Capital Required
- Start from single premium of as low as $5000
- Guaranteed Issuance
- No medical checks needed
- Insurance Coverage
- Covers for death at 105% of single premium
- Covers for death at 105% of single premium
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Features of Manulife SteadyPayout at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes
Health and Insurance Coverage
Death: Yes
Total Permanent Disability: No
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 SteadyPayout may be suitable if you are looking for
Manulife SteadyPayout 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 account
Manulife SteadyPayout may not be suitable if you are looking for
Manulife SteadyPayout 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 SteadyPayout
- How are Manulife or Manulife SteadyPayout investment returns based on historical performance?
- How does Manulife SteadyPayout compare with Endowment policies from other insurance companies?
- Can Manulife SteadyPayout fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features on Manulife SteadyPayout. Talk to us or seek advice from a financial adviser before making any decision about Manulife SteadyPayout.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Read About: Endowment and Saving policy: Is it the best option?
Is Manulife SteadyPayout suitable for me?
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