RetireReady
Manulife
Category
Savings
Coverage
Death, Total Permanent Disability, Disability
Coverage Term
Whole Life . Up to age 80,90
Overview
Manulife RetireReady is a single or regular premium, endowment insurance plan. The plan provides guaranteed monthly income starting from your selected retirement age. If loss of independence occurs during your income payout period, you will receive 2x guaranteed monthly income. If total and permanent disability occurs during your payment premium period, your premiums will be waived. The plan is guaranteed acceptance regardless of your health condition. Choice of cash or SRS to purchase this plan.
Key Features
-Endowments, also known as savings plans, require the policyholder to pay a fixed amount for a specified time period (e.g. one-off payment or regularly for 5 to 25 years) and are seen as a disciplined way to save. Endowment plans are offered on a participating basis and will accumulate cash values. You may either receive these cash values at designated policy years or at maturity of policy. Endowments also allow you to surrender your policy and cash out should you urgently require cash.
