Manulife is a Canadian multinational insurance company that provides financial services and has its headquarters located in Ontario, Canada. They have been providing their financial services and wealth management solution for over 130 years, with more than 100 years of experience working in the Asian markets. Manulife is rated AA- for their financial strength with a stable outlook by S&P Global Ratings. They are focused on providing timely advice and services to help their clients optimize their financial portfolio to suit their needs.
Here is the Manulife Whole Life Plan available:
Manulife Whole Life Plan summary:
PolicyPal’s review Manulife LifeReady Plus
The Manulife Life Ready Plus is a competitive whole life insurance plan as it has a low starting sum assured of $25,000, which can be a good starting point for young policyholders that would like to purchase a whole life insurance plan but is unsure about the needed coverage amount. The plan will also have a cash value and be eligible for withdrawal at the age of 70. This plan can also be enhanced with a critical illness rider which covers for 125 different critical illnesses.
If you have a clean bill of health you will also be eligible for an additional premium discount for the first 2 years of your plan. Your health will be measured based on your cholesterol and blood pressure levels.
A good feature of this plan is that if you or your partner is retrenched/unemployed for more than 30 days, your premiums will be waive while your coverage continues. A similar feature can also be seen in the NTUC Income Vivolife.
Manulife Ready Plus does come with its limitations as it only offers coverage till the age of 99. It also only offers a single payout for critical illness diagnosis. The customisation for the plan is limited as there is only one rider available.
Good for: Young professionals that are just starting their career.
Want to find out more about Whole Life Insurance from other insurers? Here is the full comparison of the Best Whole Life Insurance Plans.
Is this a suitable plan for your needs? Speak to one of our friendly advisers to find out more about this plan.
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You will be able to enjoy a free financial portfolio review. This review will help you better understand how to create a suitable financial plan for you and your family. We will analyse life insurance products from over 20 insurers and present you solutions that are tailor-made to address your concerns.
Our advisor will be more than happy to help you understand any of these insurance policies:
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