Manulife Heirloom - universal product

[foozgarden]

Anyone has encountered agents offering this product?

any comments on this product?

 

[xtwis7]

Anyone has encountered agents offering this product?

any comments on this product?

What do you want to know? It's a universal life which usually caters to the HNWIs and UHNWIs as an instrument for estate and legacy planning.

 

[foozgarden]

was offfered this product. comes with loan facility for the single premium.
SP seems on the high side.

 

[xtwis7]

was offfered this product. comes with loan facility for the single premium.
SP seems on the high side.

Basically it offers the leveraging which is why it won't suit all people because not everybody can take the financing.

For a $1m coverage, the downpayment is probably about 15%? Were you looking at some SP product?

 

[soneat]

was offfered this product. comes with loan facility for the single premium.
SP seems on the high side.

UL product has been discussed extensively before. Do a search.

 

[FP_IFA]

Anyone has encountered agents offering this product?

any comments on this product?

Get a term if you are insurable.

 

[Poslene]

If you're a business owner, I'd look at covering your credit line risk first with a simple term over a UL.

 

[chopra]

UL is not transparent. given ur wealth, im sure u r financially literate. if u are not, go read Shiny Things book.

 

[goldsilvercity]

What do you want to know? It's a universal life which usually caters to the HNWIs and UHNWIs as an instrument for estate and legacy planning.

Eh sorry for digging this old thread. Didn’t wanna start a new discussion and couldn’t find any more threads on universal life policies.
Manulife heirloom is offered to DBS customers

Supposedly good because of bank facility leverage

But overall would it be good to grow funds better than stock market? (especially since $120k premium can be paid with $39k only)
Stock market is so bubbling now I dunno whether I should get this offer of UL by the DBS bank or just placed into interactive Brokers for USA stocks

 

[goldsilvercity]

Eh sorry for digging this old thread. Didn’t wanna start a new discussion and couldn’t find any more threads on universal life policies.
Manulife heirloom is offered to DBS customers

Supposedly good because of bank facility leverage

But overall would it be good to grow funds better than stock market? (especially since $120k premium can be paid with $39k only)
Stock market is so bubbling now I dunno whether I should get this offer of UL by the DBS bank or just placed into interactive Brokers for USA stocks

hahah bump up