MANULIFE SPRING
Manulife
Category
Savings
Coverage
Death, Total Permanent Disability, Terminal Illness
Coverage Term
Discrete Term 3 12
Overview
Manulife Spring is a 12 year endowment plan that offers yearly guaranteed cash benefits. The plan offers flexibility to shorten your premium payment period to 3 or 6 years by using your yearly guaranteed cash benefits to offset future premiums. Plan is capital guaranteed and offers 100% capital return at policy maturity. There is a guaranteed acceptance regardless of your health condition.
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.
