MANULIFE INVESTREADY BY MANULIFE SINGAPORE
InvestReady is insurer Manulife's new investment-linked plan that gives customers the choice of focusing on growing their investment (called the wealth option), or combining wealth accumulation with life protection (protect option).
Under the wealth option, customers get a double loyalty bonus if their account value falls below the total premiums paid, a feature that cushions their losses.
Under the protect option, customers get protection coverage of up to 50 times their first year's premium or their total account value, whichever is higher.
If a total and permanent disability occurs, all of a customer's surrender charges are waived if he needs to make withdrawals during the minimum premium-payment period.
There is also another waiver of all future premiums up to the end of this same period.
InvestReady customers enjoy double bonuses - a welcome one of up to 90 per cent of annual premiums, and an extra loyalty bonus every five years.
Customers can choose from a suite of professionally managed unit trust funds, including dividend-paying ones that provide a stream of regular income.
Their investment will be fully maximised as their money is 100 per cent invested from day one without any sales charges. And they can enjoy free fund switching and automatic fund rebalancing to keep their portfolios on track.
Mr Carlos Vazquez, chief product officer of Manulife Singapore, said the new product offers customers the flexibility to choose the design of their plan based on their investment and protection needs.
"With the various bonuses provided, InvestReady helps customers maximise their chances of hitting their investment targets as well," he added.
The choices on offer include options for minimum premium-payment periods, ad hoc top-ups, adjustment of regular premiums, partial or full withdrawals and optional critical illness riders, although this last one is only for the protect option.
