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Manulife Malaysia launches first-of-its-kind investment-linked plan with guaranteed withdrawal benefit Kuala Lumpur – Manulife Insurance (Malaysia) Berhad today launched Secure Income Plus, a first-of-its-kind investment-linked retirement income plan in Malaysia. Manulife’s Secure Income Plus offers a guaranteed withdrawal benefit (GWB) that provides a regular stream of retirement income for at least 20 years or income for life from age next 66, regardless of investment performance. More importantly, the GWB has growth potential through the company’s Loyalty Bonus and Step-Up mechanism to increase retirement income. Manulife has appointed HSBC Bank as the distribution partner for this retirement product. “Recent EPF reports show that retirees do not have sufficient funds to last throughout their retirement. For many, their retirement funds only manage to stretch up to ten years. They fail to realise that retirement years can be as long as working years. In addition, there is a need to build an investment portfolio that grows over time and meets the rising cost of inflation” said Mr. Peter Robertson, President and CEO of Manulife Malaysia. “Secure Income Plus is designed to help retirees to bridge the gap between low yield savings products and high yield risky investments. This product offers the advantages such as the ability to benefit from bullish market conditions or earn higher returns in the form of loyalty bonuses.” At a glance, Manulife’s Secure Income Plus provides the following benefits:
“No matter how affluent you are, and however meticulously you have planned for your retirement, a hard-won investment portfolio is vulnerable to many threats. It can be hit by dramatic downswings in the value of equities or inflation, which can quickly overtake the provisions of a cautious investor” said Mr. Robertson. “Manulife’s Secure Income Plus is a truly innovative solution to the perennial problem of putting money aside for your retirement. Under this revolutionary scheme, customers can choose to have retirement income through regular withdrawals that will never go down and never run out*1, 2 ,” added Mr. Robertson. About Manulife Malaysia Manulife Insurance (Malaysia) Berhad, established in 1963, is a member of Canada-based Manulife Financial Corporation. Manulife Malaysia offers an innovative range of financial protection and wealth management products and services to meet different customer needs. The company currently serves the needs of more than 270,000 policyholders and is one of the most financially sound life insurance companies in the country. Manulife Malaysia has been listed on the Main Board of Bursa Malaysia since 1984. As at March 31, 2008, Manulife Malaysia’s assets under management were over RM3.0 billion. About Manulife Financial Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$400 billion (US$389 billion) as at March 31, 2008. Manulife Financial is one of two publicly traded life insurance companies in the world whose rated life insurance subsidiaries hold Standard & Poor’s Rating Services’ highest “AAA” rating. Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com. *1 Subject to policy conditions and withdrawal charge for withdrawal in excess of Guaranteed Withdrawal Amount (the initial GWA will be 5% of the initial GWB) *2 If IFL track is selected - 30 - For more information, please contact:
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