Ready to enjoy your savings your way. ReadyPayout Plus
Benefits of the plan We will pay guaranteed from the end of your first till the last before the policy ends at a range of to of the sum. paid for respective policy terms: Policy term: 13 years Policy term: 15 years Policy term: 20 years Ready to enjoy your savings your way. It s best to have your savings ready for whenever you want to use them. ReadyPayout Plus is an insurance savings plan that offers you the choice of receiving cash payouts from the end of your first year, or leaving them with us for potentially higher returns till the policy matures. 11 to 12 You can choose to: receive the guaranteed cash benefits yearly; OR 11 to 14 accumulate the guaranteed cash benefits with us at a non-guaranteed interest rate of 3% (subject to change on a 30-day advance notice) Flexible savings period and premium payment term You can choose a policy term of 13, 15 or 20 years and premium payment term of 10, 15 or 20 years. 11 to 15 16 to 19 6% Maturity benefit You will receive the following when your policy matures: Policy term maturity value (% of the sum ) Accumulated reversionary bonus (if any) Maturity benefit (if any) Accumulated guaranteed cash benefit with Manulife 13 years 15 years 20 years 80% 76% 50%
Waiver of premium If you suffer a total and permanent disability, you do not need to pay future premiums on this policy. This benefit will end at your policy anniversary date immediately after your 70 th birthday or at the end of the premium payment term, whichever is earlier. Death and terminal illness benefits In the event of death or terminal illness, we will pay 105% (see note 1) of the total premiums paid as a death benefit or the guaranteed surrender (cash-in) value, whichever is higher. Extra protection You can add on optional riders for extra protection, subject to full underwriting. If anything unexpected happens (see table below), the benefits will still continue even when you stop paying premiums. Optional riders Covers Premium waiver on How ReadyPayout Plus helps you achieve your saving goals Year May, aged 40 and a non-smoker, earned a promotion recently. She wants to save her pay increment for future needs while having the flexibility to access her savings for yearly holidays. She bought a 20-year ReadyPayout Plus plan with a sum of S50,000 and pays a yearly premium of S4,934 for 15 years. S1,000/year S2,000/year 6% S3,000/year S5,000/year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Premiums paid: S4,934/year End of Policy Critical Care Payor Benefit Rider Critical Care Payor Benefit (Spouse) Rider You (Payor) Your spouse Death, total and permanent disability or diagnosis with any of the 35 covered critical illnesses By age 60, May would have received: Projected maturity benefit maturity benefit: S25,000 + Non-guaranteed maturity benefit: S23,954 Total projected payout at maturity Critical Care Waiver Rider Life Diagnosis with any of the 35 covered critical illnesses S50,000 + S48,954 = S98,954 (see note 2) Total premiums paid over 15 years: S74,015 Easy application acceptance on the base plan with no medical check-up needed. If May chooses to accumulate her yearly guaranteed from her plan at a non-guaranteed interest rate of 3% a year (subject to change on a 30-day advance notice), she can receive an additional amount of S12,551. In the event that May suffers a total and permanent disability, she does not have to pay any future premiums but continues to receive the guaranteed cash benefit till the end of year 19 and a maturity benefit when the policy matures. Illustrated figures are rounded to the nearest dollar. Diagrams are only for illustrative purposes and are not drawn to scale.
Footnotes: 1 If the life passes on, we will pay the following in one lump sum. 105% of (the total premiums paid on the basic plan, less any advance premiums) and less any guaranteed cash benefit declared, or the guaranteed cash-in value, whichever is higher Accumulated reversionary bonus (if any) Claim bonus (if any) Accumulated guaranteed cash benefit with non-guaranteed interest (if any) We will first take off any amount you may owe us. 2 The total projected payout at maturity of S98,954 is based on a projected investment return of 4.75% a year. Important notes: ReadyPayout Plus is underwritten by Manulife (Singapore) Pte. Ltd. (Registered number 198002116D.) Please see the product summary and policy contract for details on the Critical Care Payor Benefit Rider, Critical Care Payor Benefit (Spouse) Rider and Critical Care Waiver Rider. Buying a life insurance policy is a long-term commitment. If you end the policy early, it usually involves high costs, and any cash-in value (also known as surrender value) may be less than the total premiums you have paid. This brochure is for general information only and does not take account of your specific investment aims, financial situation, and any of your particular needs. You should get advice from a Manulife Financial Consultant before making a commitment to buy the plan and the riders. If you choose not to get advice from a Manulife Financial Consultant, you should consider carefully whether this plan and the riders are suitable for you. This brochure is not a contract of insurance and is not an offer or recommendation to buy the plan and the riders. The specific details which apply to this insurance plan and the riders are set out in the policy contract. This policy is protected under the Policy Owners Protection Scheme, which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of the coverage, where applicable, please contact Manulife (Singapore) Pte. Ltd. or visit the Life Insurance Association or SDIC websites (www.lia.org.sg or www.sdic.org.sg). This brochure is also available in Chinese. If there is any difference between the English and Chinese versions, the English version will apply. Information is correct as of 17 April 2017.
We re happy to help Peace of mind starts from getting the right plan. Feel free to talk to your Manulife Financial Consultant if you need advice or have any questions about ReadyPayout Plus. You can also call us or visit our website for more information on ReadyPayout Plus. (65) 6833 8188 manulife.com.sg/readypayoutplus