Manulife RetireReady Plus – Retire securely with additional disability payouts

Introducing RetireReady Plus, a retirement plan that offers the option to receive a lifetime of Guaranteed Monthly Income and the freedom to adjust your income payout period. Plus, additional income for loss of independence to cushions you in times of needs.

Manulife RetireReady Plus review – Get guaranteed Monthly Income payouts for life, or a period of 5, 10, 15, or 20 years. Get up to 100% additional payout upon failing ADLs.

0 360

We all have dream plans for retirement. But how do we get there? Introducing RetireReady Plus, a plan for retirement that offers you the option to receive Guaranteed Monthly Income for life. Should your retirement needs change, you’ll have the freedom to adjust your income payout period. Plus, additional income for loss of independence cushions you in times of need.

For the golden years you’ve always dreamed of, this plan is here for you. Guaranteed acceptance with no health questions asked.

  • Premium term (You pay an insurance premium for): In a single lump sum, over 5,10, 15 or 20 years
  • Policy term (You receive a retirement income for): 5, 10, 15, 20 years or a lifetime
  • Retirement income payout age: 50, 55, 60, 65 or 70
  • Retirement income payout mode: Monthly
Manulife RetireReady Plus (Product details at a glance)
Cash value and Withdrawal benefit(s) Yes No
Policy cash value
Surrender value
Regular retirement income payouts (Monthly/ Yearly)
Health and Insurance coverage(s) Yes No
Death coverage
Total and Permanent Disability coverage X
Terminal Illness coverage
Critical Illness coverage X
Early Critical Illness coverage X
Optional insurance rider(s) Yes No
Insurance riders to enhance coverage
Additional product feature(s) Yes No
Additional 50% of your monthly income for failing 2 of 6 ADL
Additional 100% of your monthly income for failing 3 of 6 daily ADL
Option to reinvest your monthly retirement income
Capital guaranteed upon retirement age
Flexibility to adjust your income payout period
Waiver of premiums upon disability
No medical underwriting required

Additional product feature(s) on Manulife RetireReady Plus

Detailed features and unique selling points of Manulife RetireReady Plus:

Additional 50% of your monthly income for failing 2 of 6 ADL

  • Receive an additional 50% of your guaranteed monthly income if you cannot fulfil at least 2 out of 6 daily activities of living.

Additional 100% of your monthly income for failing 3 of 6 daily ADL

  • Receive an additional 100% of your guaranteed monthly income if you cannot fulfil at least 3 out of 6 daily activities of living.

Option to reinvest your monthly retirement income

  • Enjoy the option of reinvesting your monthly retirement income with Manulife at a non-guaranteed rate of up to 3% p.a.

Capital guaranteed upon retirement age

  • The policy is capital guaranteed upon you reaching the selected retirement payout age with a potential total yield of up to 271% of total premium paid.

Flexibility to adjust your income payout period

  • You can make adjustments to your stated retirement income payout period even after you sign up and is currently making paying insurance premium for this retirement policy.

Waiver of premiums upon disability

  • All future premium for this policy is waived in the event of total and permanent disability (Not applicable for single premium payment term).

No medical underwriting required

  • You can purchase this plan irregardless of your health condition with no medical checkup required (If riders are not taken up).

Additional riders for Manulife RetireReady Plus

The following riders can be added on to your Manulife RetireReady Plus at an additional cost for greater assurance to your retirement goals:

  • 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 RetireReady Plus?

Manulife RetireReady Plus is a retirement income plan. This category of insurance plans are suitable or unsuitable depending on the following factors:

Manulife RetireReady Plus is suitable for

  • Mid to long term wealth enhancement
  • Providing a monthly retirement income over a selected period of years or for a lifetime
  • Mid to long term savings commitment period (Via 5,10, 15 or 20 years premium term)
  • Retirement product with yearly guaranteed cash benefits in your retirement years
  • Hassle-free application without medical underwriting (If no riders are added)
  • Do not need access or partial withdrawal on your savings until your retirement age
  • Providing an additional retirement income stream in the event of disability during your retirement

Manulife RetireReady Plus is not suitable for

  • High insurance protection and coverage
  • Investment product with potentially higher returns and risk
  • High surrender value in the early years of the policy

Sample policy illustration for Manulife RetireReady Plus

Coming soon.

Learn more about Manulife RetireReady Plus

Leave your personal details via the retirement income plan contact form to receive your personalised quote. You may also compare plans similar to Manulife RetireReady Plus using the retirement income plan comparison portal.

Get your quote within 24 hours!

InsuranceFirst.sg compares and bring you the best 3 insurance quotes across all insurers in Singapore. Be it for your savings or protection needs, we got you covered!

By submitting my information, I give consent for the respective Financial Advisory Representative(s) to contact me regarding the insurance plan(s) I am interested in, and / or to provide any financial advice if required. I also give consent to the staff of InsuranceFirst.sg to contact me and collect feedback on the satisfaction and service levels provided by the Representative(s). I have read and understood the Terms of Use and Privacy Policy on how my privacy is valued and protected in accordance with the Personal Data Protection Act 2012.

Alternatively, contact us to know how this retirement income plan fits your financial portfolio.

Leave A Reply