Manulife ReadyBuilder – Multiple purpose savings/ retirement solution
Choose to save over 5, 10, 15, 20 years or a single sum with the option to withdraw the accumulated cash value whenever you need it.
Manulife ReadyBuilder – A flexible insurance savings plan with withdrawal and wealth accumulation features for when you really need to grow your savings.
Today’s unpredictable world can bring about ever-changing circumstances. To adapt to it, you’ll need a policy that allows finnancial flexibility, like Manulife ReadyBuilder.
ReadyBuilder allows you to hit pause on your premiums in times of need while keeping it in force, as well as appoint a loved one as your policy’s secondary life insured to continue wealth accumulation – should the event of death happen. Giving you a stable plan to count on.
- Premium Term: Single premium or regular premium of 5, 10, 15 or 20 years
- Policy Term: Lifetime until the policy is surrendered for cash value
| Manulife ReadyBuilder (Product details at a glance) | ||
| Cash value and Withdrawal benefit(s) | Yes | No |
|---|---|---|
| 100% Principle guaranteed at maturity | ||
| Partial withdrawal/ cash benefits | ||
| General savings feature(s) | Yes | No |
| Short premium/ savings terms (less than 5 years) | ||
| Long-term/ lifetime wealth accumulation | ||
| Health and Insurance Coverage(s) | Yes | No |
| Bundled with death/ TI/ TPD and/or CI coverage | X | |
| Guaranteed issurance irregardless of health | ||
| Optional insurance rider(s) | Yes | No |
| Insurance riders to enhance coverage | ||
| Additional product feature(s) | Yes | No |
| Choice of premium terms | ||
| Flexibility to do partial withdrawal | ||
| Option to pass on the policy for wealth accumulation | ||
| Premiums waived in the event of disability | ||
| No medical underwriting required | ||
Additional product feature(s) on Manulife ReadyBuilder
Detailed features and unique selling points of Manulife ReadyBuilder:
Choice of premium terms
- Choose to pay a single premium, over 5, 10,15 or 20 years.
Flexibility to do partial withdrawal
- Enjoy the flexibility of using the cash value inside your policy to fund key milestones in your life.
Option to pass on the policy for wealth accumulation
- Let your loved one continue your wealth accumulation and gain a head start in life.
Premiums waived in the event of disability
- Be covered against death and terminal illness. In the event of total and permanent disability, your premiums are waived while you continue to stay protected.
No medical underwriting required
- You can purchase this plan irregardless of your health condition with no medical checkup required.
Additional riders for Manulife ReadyBuilder
The following riders can be added on to your Manulife ReadyBuilder at an additional cost:
- Cancer Care Premium Waiver Rider – Waive off your future premium of the base policy upon the diagnosis of major cancer.
- Critical Care Waiver Rider – Waive off your future premium of the base policy upon the diagnosis of any of the 35 covered critical illness.
Who should take up a Manulife ReadyBuilder?
Manulife ReadyBuilder is an insurance savings plan. This category of insurance plans are suitable or unsuitable depending on the following factors:
Manulife ReadyBuilder is suitable for
- Cash liquidity and withdrawal for your savings plan
- Mid to long term wealth enhancement
- Mid to long term savings commitment period
- Hassle-free application without medical underwriting (if riders are not taken up)
Manulife ReadyBuilder is not suitable for
- Income for a lifetime (Retirement Plan)
- High death, disability or critical illness coverage (Whole Life, Term Life)
- One-time single premium commitment
- High surrender value in the early years of the policy
Sample policy illustration for Manulife ReadyBuilder
Coming soon.
Learn more about Manulife ReadyBuilder
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