Manulife Signature Income – Lifetime of income with a single premium.
Make a one time insurance premium, for a lifetime of income from 5th policy year up to age 99. Choose to transferred the policy to your next generation for them to enjoy its benefits.
Manulife Signature Income review – With options of SGD or USD payment, get a lifetime of income stream with the option to pass on the plan to your next generation.
One plan for two or three generations With a one-time premium, Signature Income provides you with a lifetime of income (up to age 99), coverage for death and terminal illness, and the option to transfer the policy to your next generation, ensuring that your second, or even third, generation continues to receive financial support.
- Premium term (You pay an insurance premium for): Single lump sum
- Policy term (You receive a retirement income for): For a lifetime
- Retirement income payout age: As soon as after the 5th policy year
- Retirement income payout mode: Monthly or Yearly
|Manulife Signature Income (Product details at a glance)|
|Cash value and Withdrawal benefit(s)||Yes||No|
|100% Principle guaranteed at maturity||X|
|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||X|
|Additional product feature(s)||Yes||No|
|Single premium only|
|Receive lifetime income payout|
|Option to reinvest your retirement income|
|Option to pass on the policy for wealth accumulation|
|Guaranteed 80% of your premium from day 1|
|Premiums in SGD or USD|
|No medical underwriting required|
Supplementary details: Manulife Signature Income product brochure
Additional product feature(s) on Manulife Signature Income
Detailed features and unique selling points of Manulife Signature Income:
Single premium only
- By paying a single lump-sum premium, you can receive a lifetime of income (from the 5th policy year) or until you wish to surrender your policy for its accumulated cash value.
Receive lifetime income payout
- The policy can pay out a monthly or yearly income over 3 generations of your family, providing a total payout of up to 6.1 times of the single premium paid.
Option to reinvest your retirement income
- Enjoy the option of reinvesting your monthly or yearly retirement income with Manulife at a non-guaranteed rate of up to 3% p.a.
Option to pass on the policy for wealth accumulation
- Let your loved one continue your wealth accumulation and gain a head start in life.
Guaranteed 80% of your premium from day 1
- You are guaranteed to minimally get back 80% of the total premium paid for the plan starting from the moment you sign up for the plan.
- Over time, your policy will accumulate even higher cash value which forms part of your guaranteed and non-guaranteed bonus.
Premiums in SGD or USD
- Take advantage of potential foreign currency appreciation by choosing to have your Manulife Signature Income denominated in US dollar.
No medical underwriting required
- You can purchase this plan irregardless of your health condition with no medical checkup required.
Additional riders for Manulife Signature Income
The following riders can be added on to your Manulife Signature Income at an additional cost for greater assurance to your retirement goals:
- Not applicable
Who should take up a Manulife Signature Income
Manulife Signature Income is a retirement income plan. This category of insurance plans are suitable or unsuitable depending on the following factors:
Manulife Signature Income is suitable for
- Mid to long term wealth enhancement
- Providing a retirement income for a lifetime
- Mid to long term savings commitment period (Up to 5 years before first retirement income payout)
- Retirement product with monthly or 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
Manulife Signature Income is not suitable for
- High insurance protection and coverage
- Providing additional guaranteed income payout in the event of disability
- Investment product with potentially higher returns and risk
- High surrender value in the early years of the policy
Sample policy illustration for Manulife Signature Income
Learn more about Manulife Signature Income
Leave your personal details via the retirement income plan contact form to receive your personalised quote. You may also compare plans similar to Manulife Signature Income using the retirement income plan comparison portal.
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