Your gift should be one that keeps giving, from one generation to the next.

Transcription

1 Your gift should be one that keeps giving, from one generation to the next.

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3 Live, laugh, love. Leave a legacy. - Stephen Covey

4 A legacy of values and wealth should be long-lasting. Manulife Signature Income is designed to help your legacy last beyond your generation with a single premium payment.

5 Features designed for a long-lasting legacy Single premium One time premium, for a lifetime of income 1 from 5th policy year up to age 99 Coverage Whole life coverage on Death and Terminal Illness up to age 99 Flexible payouts Receive lifetime yearly or monthly income 1 payouts to supplement your lifestyle Choose your currency Freedom to pay your premium in USD or SGD, whichever works in your favour Option to accumulate income payouts for higher returns 2 From one generation to the next Policy can be transferred 3 to your next generation to enjoy its benefits Guaranteed Day 1 Surrender Value Your policy has cash value from day 1, at 80% of your single premium Hassle-free application No health questions will be asked

6 One plan for three generations Parent Child Grandchild able to transfer 3 policy to... able to leave inheritance for... One time premium, for a lifetime of income 1 from 5th policy year up to age 99 Regular income 1 payouts provide long term financial stability Receives lump sum Death Benefit 5 as beneficiary Regular income 1 payouts fund lifestyle or healthcare needs Able to transfer 3 policy to child Has the option to accumulate income payouts for higher returns 2 Has the option to accumulate income payouts for higher returns 2

7 I want a solution that plans my legacy for 3 generations. Mr Tanoto, aged 45, purchases Signature Income with his 15 year old daughter Pauline as the life insured. At age 45, Mr Tanoto pays a one-time single premium of S$499,800 Parent: Mr Tanoto At age 65, Mr Tanoto transfers the policy to his daughter, Pauline Child: Pauline At age 80, Pauline passes away, leaving an inheritance behind for her daughter Joanne Grandchild: Joanne At age 50, Mr Tanoto receives an income of S$1,470 4 monthly to fund his lifestyle and pay his healthcare bills Total for 16 years: S$282,240 From age 36, Pauline continues to receive an income of S$1,470 4 monthly for the rest of her life Total during her lifetime: S$776,160 Joanne receives an inheritance of Total: S$1,996,200 6 In total, Mr Tanoto and his family would have received S$3,054,600 from this policy at 6x of the Single Premium

8 One plan for two generations Parent Child able to leave inheritance for... One time premium, for a lifetime of income 1 from 5th policy year up to age 99 Receives lump sum Death Benefit 5 as beneficiary Lifetime passive income 1 funds lifestyle or healthcare needs Has the option to accumulate income payouts for higher returns 2

9 I want a solution that provides regular income to supplement my lifestyle. Mr Singh, aged 45, purchases Signature Income on his own life. At age 45, Mr Singh pays a one-time single premium of S$499,800 Parent: Mr Singh At age 80, Mr Singh passes away, leaving an inheritance behind for his daughter, Karen Child: Karen At age 50, Mr Singh receives an income of S$18,214 4 per year to fund his lifestyle and pay his healthcare bills Total for 30 years: S$546,420 Karen receives an inheritance of S$856,447 7 In total, Mr Singh and his family would have received S$1,402,867 from this policy at 2.8x of the Single Premium

10 Notes Illustrated figures are rounded to the nearest dollar. Diagrams are only for illustrative purposes and not drawn to scale. Footnotes 1. Signature Income provides monthly or yearly income from 5th policy year until the Life Insured reaches age 99 or until the termination of the policy, whichever is earlier. Income payout consists of guaranteed and non-guaranteed portion. Monthly income is payable starting from one month after the 4th policy anniversary until policy maturity. Yearly Income is payable starting from 5th policy anniversary until policy maturity. 2. The monthly or yearly income can be accumulated with Manulife at the prevailing interest rate. The interest rate is subject to change by Manulife with 30 days advance notice to the Policy Owner. 3. Transfer of policy ownership via assignment is allowed anytime while the policy is in force. The assignee must be at least 18 years old. 4. Total monthly or yearly income consists of guaranteed and non-guaranteed portion. The non-guaranteed monthly or yearly income is based on a projected investment rate of return of 4.75% per annum for the participating fund. The actual benefits payable may vary according to the future performance of Manulife s Participating Fund. 5. If the life insured dies before age 99, the sum of the following will be paid in one lump sum: a. 105% of the single premium; b. Non-guaranteed claim bonus (if any); and c. Any accumulated monthly or yearly income with interest (if any). 6. The total death benefit of S$1,996,200 consists of the guaranteed death benefit of S$524,790 and a non guaranteed death benefit of S$1,471,410 calculated based on projected investment return of 4.75%. 7. The total death benefit of S$856,447 consists of the guaranteed death benefit of S$524,790 and a non guaranteed death benefit of S$331,657 calculated based on projected investment return of 4.75%. Important Notes: Buying a life insurance policy is a long-term commitment. There may be high costs involved if you terminate the policy early, and your policy s surrender value (if any) may be less than the total premiums paid. This brochure is for your information only and does not consider your specific investment objectives, financial situation or needs. It is not a contract of insurance and is not intended as an offer or recommendation to purchase the plan. You can find the full terms and conditions, details, and exclusions for the mentioned insurance product in the policy contract. We recommend that you seek advice from a Manulife Financial Consultant before making a commitment to purchase a policy. If there are any differences between the English and Chinese versions of this brochure, the English version will apply. All information is correct as of 23 July 2017.

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12 A sound legacy starts with finding the right plan. We re happy to help (65) manulife.com.sg/signatureincome