Signature Income (III) USD
Manulife
Category
Whole Life
Coverage
Death, Terminal Illness
Coverage Term
N.A.
Overview
Signature Income (III) USD is a single premium participating whole life plan that provides lifetime income and coverage against death and terminal illness of the life insured. There is also the option to receive monthly income from end of policy month 37 or policy month 49, with a maturity benefit payable at the end of the policy term.
Key Features
- Option to receive monthly income from end of policy month 37 or policy month 49.
- Receive a guaranteed surrender value of at least 80% of the single premium you paid from day 1.
- Hassle-free application, no health checks required.
- Option to change life insured.
Whole life insurance offers coverage for life and is commonly used for protection and legacy planning. This is unlike term insurance that only provides coverage for a specified period. Plans are usually offered on a participating basis and will accumulate cash value, allowing you to cash out should the need arise.
