Manulife

[HWZ1973]

This lousy Manulife insurance coy again reduced the terminal bonus citing poor economic situation. This is the second time they are doing this in my 20 years with them. My Living Choice life policy has not even break even after 20 years.

Beware if you are going to buy your policy from them!

 

[akwl88]

This lousy Manulife insurance coy again reduced the terminal bonus citing poor economic situation. This is the second time they are doing this in my 20 years with them. My Living Choice life policy has not even break even after 20 years.

Beware if you are going to buy your policy from them!

how your determine breakeven? got include inflation from the time you buy till now?

 

[archcherub]

how your determine breakeven? got include inflation from the time you buy till now?

insurance companies are now shying away from the term "break even"

insurance agents like to use the breakeven year as the year surrender value of the policy is same as premium paid over the years.. NOT including inflation of course

 

[soneat]

This lousy Manulife insurance coy again reduced the terminal bonus citing poor economic situation. This is the second time they are doing this in my 20 years with them. My Living Choice life policy has not even break even after 20 years.

Beware if you are going to buy your policy from them!

How much did they reduce? Hope they didn't reduce both the reversionary bonus and terminal bonus too much.

 

[qhong61]

This lousy Manulife insurance coy again reduced the terminal bonus citing poor economic situation. This is the second time they are doing this in my 20 years with them. My Living Choice life policy has not even break even after 20 years.

Beware if you are going to buy your policy from them!

That's bad. So which is best for annuity?

 

[Steyr69]

Got the letter.....it is for my endowment fund....

Sent from Asus ME173X using GAGT

 

[Squaredot]

This lousy Manulife insurance coy again reduced the terminal bonus citing poor economic situation. This is the second time they are doing this in my 20 years with them. My Living Choice life policy has not even break even after 20 years.

Beware if you are going to buy your policy from them!

1st letter in 2009, this is 2nd letter

 

[stjoe1]

Yes I got the same letter for my limited pay whole life policy.. My premium payment completed many years ago, now told me projected surrender value in 2036 which is still 20 years later has dropped by 11%.. Really lousy..

 

[HWZ1973]

Whoever that's affected I urged you to launch a complaint to Manulife and FiDREC.
This is totally unacceptable!

 

[blurpandasg2014]

This lousy Manulife insurance coy again reduced the terminal bonus citing poor economic situation. This is the second time they are doing this in my 20 years with them. My Living Choice life policy has not even break even after 20 years.

Beware if you are going to buy your policy from them!

Lucky u posted this. I will definitely avoid manulife.
Btw their par fund is doing well but yet they still reduce bonuses.

 

[HWZ1973]

Lucky u posted this. I will definitely avoid manulife.
Btw their par fund is doing well but yet they still reduce bonuses.

Thank you too for not buying, tell their agents this also...

 

[blurpandasg2014]

Yes I got the same letter for my limited pay whole life policy.. My premium payment completed many years ago, now told me projected surrender value in 2036 which is still 20 years later has dropped by 11%.. Really lousy..

May i know what limited whole life isit?
Isit the manuprotect life?

 

[blurpandasg2014]

Thank you too for not buying, tell their agents this also...

I have manulife ILP ... fug up. It lose the benchmark by alot. Still underwater
I will cut loss soon

 

[Mecisteus]

Yes I got the same letter for my limited pay whole life policy.. My premium payment completed many years ago, now told me projected surrender value in 2036 which is still 20 years later has dropped by 11%.. Really lousy..

What happened to Manulife can happen to ANY insurance companies. So don't despair.

The limited premiums paying policy holders are the worst off because they are paying so much upfront.

 

[soneat]

What happened to Manulife can happen to ANY insurance companies. So don't despair.

The limited premiums paying policy holders are the worst off because they are paying so much upfront.

Yes that's true - it an happen to any insurer. AIA Par fund is performing above average but they spare no efforts in cutting both terminal bonus and annual bonus.
Annual bonus (reversionary bonus) : From 1% (compound at 1%) to 0.75%@0.75%
Terminal bonus: From max 600% at year 30 to around 200%.

Needless to say, both the projected protection and surrender value dropped significantly.

That's why IF (a big IF) want to buy participating policy, should buy one that has a track record of being reasonable to the policyholder.

 

[HWZ1973]

Avoid Manulife!

 

[qhong61]

Avoid Manulife!

So buy from who?

 

[Shion]

Yes that's true - it an happen to any insurer. AIA Par fund is performing above average but they spare no efforts in cutting both terminal bonus and annual bonus.
Annual bonus (reversionary bonus) : From 1% (compound at 1%) to 0.75%@0.75%
Terminal bonus: From max 600% at year 30 to around 200%.

Needless to say, both the projected protection and surrender value dropped significantly.

That's why IF (a big IF) want to buy participating policy, should buy one that has a track record of being reasonable to the policyholder.

Keyword - AIA: overpriced, under-deliver

 

[soneat]

Avoid Manulife!

The sad thing is many IFAs are still pushing for Manulife citing good par performance and hence likely to pay out the non-guaranteed portion in full.

Many IFAs are also still recommending Tokio Marine because they have never cut bonus in the past x-years. Well...Tokio Marine's par performance in the past 5-6 years have been below average and if this persist, it is a matter of time....

AIA is gone case. Avoid totally.

Personally, my experience with Income is good. Although their par fund performance is below average, they managed to honour their non-guaranteed portion so far...

 

[Shion]

I recall this thread exactly 1 year ago

http://forums.hardwarezone.com.sg/money-mind-210/9-year-par-fund-performance-insurers-5105086.html

Article in ST

http://www.straitstimes.com/business/invest/make-full-sense-of-insurance-policies