Manulife ManuProtect Term – Flexible single or regular premium plan.
With ManuProtect Term, you can choose to pay a single or regular payment for coverage up to the age of 85.
Manulife ManuProtect Term review – An affordable term plan with guaranteed renewal, conversion privilege, quit smoking incentive and choices of riders.
Family is our most precious asset. Protect yours with a term insurance plan that sits comfortably within your budget, while meeting the needs of both you and your loved ones.
Length of coverage (You will be covered to): Up to age 85 at every one-year interval
| Manulife ManuProtect Term (Product Details at a glance) | ||
| Cash value and Withdrawal benefit(s) | Yes | No |
|---|---|---|
| Policy cash value | X | |
| Surrender/ Maturity value | X | |
| Renewable/ Convertible features | ||
| Health and Insurance coverage(s) | Yes | No |
| Death coverage | ||
| Terminal Illness coverage | ||
| Total and Permanent Disability coverage | ||
| Critical Illness coverage | ||
| Early Critical Illness coverage | ||
| Optional insurance rider(s) | Yes | No |
| Insurance riders to enhance coverage | ||
| Additional product feature(s) | Yes | No |
| Enjoy guaranteed renewal without medical checks | ||
| Option to convert your policy to other plans | ||
| Single premium option | ||
| Quit smoking incentive | ||
Supplementary details: Manulife ManuProtect Term product brochure
Additional product feature(s) on Manulife ManuProtect Term
Detailed features and unique selling points of Manulife ManuProtect Term:
Enjoy guaranteed renewal without medical checks
- Regardless of your health condition, you can be assured of getting renewed coverage based on the sum assured of your ManuProtect Term plan.
- Premiums payable for the renewed policy will be based on your attained age and the prevailing premium rates at the date of renewal.
Option to convert your policy to other plans
- You are allowed to fully or partially convert the basic policy to a selected range of plans from Manulife available at the point of conversion, without further medical underwriting.
Single premium option
- Pay a one-time single lump sum insurance premium and enjoy uninterrupted coverage throughout your desired policy term.
Quit smoking incentive
- Smokers can enjoy non-smoker insurance premium rates for the first 3 policy years. If you quit smoking, you can continue to enjoy non-smoker insurance rates from the fourth policy year onwards with satisfactory evidence that you have stopped smoking.
Additional riders for Manulife ManuProtect Term
The following riders can be added on to your Manulife ManuProtect Term at an additional cost for greater assurance to your health and protection goals:
- Critical Care Enhancer Rider
- Accidental Death Benefit
- Total and Permanent Disability Plus Rider
- Critical Care Waiver Rider
- Early Critical Care Waiver Rider
Who should take up a Manulife ManuProtect Term
Manulife ManuProtect Term is a term life insurance plan. This category of insurance plans are suitable or unsuitable depending on the following factors:
Manulife ManuProtect Term is suitable for
- Insurance coverage in the event of death
- Affordable premiums for the highest insurance coverage
- Flexibility to increase your coverage at important milestones in life
- To enhance or supplement existing coverage due to a shortfall
- Coverage for critical illness (with additional riders)
- Coverage for early critical illness (with additional riders)
- Allowing multiple claims across all stages of critical illness (early, immediate and advance)
- Options to waive off future insurance premium in the event of disability, critical illness or early critical illness (with additional riders)
Manulife ManuProtect Term is not suitable for
- Protection plan with savings/ cash value or investment returns
- Insurance coverage for a lifetime (coverage term up to age 85 only)
- Protection plan with guaranteed issuance (medical underwriting may be required)
Sample policy illustration for Manulife ManuProtect Term
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Learn more about Manulife ManuProtect Term
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