Manulife GrowSecure
Manulife
Category
Savings
Coverage
Death, Terminal Illness
Coverage Term
discrete term 16,18
Overview
Manulife GrowSecure is a savings plan that guarantees your capital at policy maturity. This plan covers for death and terminal illness, waives future premiums upon diagnosis of total and permanent disability and will pay 50% of total premiums paid to date in the event of accidental death before age 80.
Key Features
- Option to change life insured during course of policy.
- Capital Guaranteed at policy maturity.
- Guaranteed acceptance, no health questions asked.
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.
