2012 News Releases

Taipei - Manulife has recently launched the “Manulife Shou-Fu-Ren-Sheng Universal Variable Life (UIL),” a new universal variable life product. This is a front-end loaded investment-linked product with regular premium, catering for protection and investment needs at the same time. The UIL features a special loyalty bonus that offers extra payouts to customers.

The UIL offers the following key features:

1. Loyalty bonus
A loyalty bonus is offered from the start of the third policy year.¹ Bonuses are payable for up to 15 consecutive years, provided all planned premiums are paid in full and there is no partial withdrawal during the policy year. The loyalty bonus payable each year may be as high as 10 per cent of the planned premium. 

2. Diversified investment portfolio
The UIL offers flexible investment options: customers can mix and choose between mandated accounts, underlying mutual funds and ETFs. Policyholders can also enjoy up to 12 free switches per policy year.

Professionally managed mandated NTD-denominated investment accounts:
The two NTD-denominated mandated investment accounts pay an annual target income of 5 or 7 per cent provided certain criteria are met.² Policyholders can select or combine the target payout mandates (the 5 per cent annualized target “Value” payout rate or the 7 per cent annualized target “Growth” payout rate) to meet their needs. For the target payout mandates, Manulife’s professional team will utilize the specially designed asset allocation optimization model to minimize risk with the aim to deliver stable returns.

A great selection of funds:
For policyholders who opt to manage their own accounts, there are two categories to choose from: stock and bond funds and ETFs in various currencies, or dividend payout funds. Policyholders are entitled to make selections according to personal investment preferences and risk tolerance level.

3. Multiple rider options for additional protection
There are many riders that can be attached to the UIL, including inpatient care and critical illness, accidental death, cancer care, disability income, and waiver of premium. The waiver of premium rider (WPB) option brings peace of mind to policyholders by offering a main policy premium waiver period of up to 20 years.³ Should the policy terminate or be cancelled during the waiver period, total premiums from the remainder of the waiver period will be paid out in a lump sum.⁴ The disability income rider (YOA) is specifically designed for the insured; for disablement between first and sixth degree, NT$10,000 to $120,000 of disability benefit will be paid every month for a maximum of 180 months ⁵ — one of the highest payouts among similar products in the industry.

Manulife Shou-fu-ren-sheng Universal Variable Life is another example of Manulife producing forward-thinking products that meet the needs of the Taiwan people, striving to be the most reliable and trustworthy insurance brand in Taiwan.

Note 1: During the contractual period Manulife will calculate loyalty bonuses based on X% of annualized planned premium paid at the end of each policy year if the following conditions are met:

1. The policyholder has not missed any planned premium since policy issued. Policyholders must pay the annualized planned premium within 30 days of the due date. All outstanding annualized planned premiums from past policy years need to be cleared before Manulife pays out the loyalty bonus for the current policy year.

2. There is no partial withdrawal during the policy year. Manulife will examine by month whether the policyholder has fulfilled the conditions to receive a loyalty bonus, and will issue the bonus of the current policy year according to selected investments and loyalty bonus rate when the policyholder has fulfilled the aforesaid condition. Should any of the policyholder’s portfolio close down, become merged or terminate rendering further investment impossible, Manulife will proceed to calculate the policy value according to the readjusted percentage breakdown of the rest of the portfolio. If there are no additions to the portfolio after the recalculation, Manulife will pay out the loyal bonus to the policyholder accordingly. Loyalty bonuses are only paid once per policy year.

Note 2: For more information or to download product DM, please browse: http://www.manulife.com.tw/Pages/Product/Product.aspx?PID=101&Type=0.

The target payout of the mandate linked to the Shou-fu-ren-sheng universal variable life product is not guaranteed and the target payout does not represent the investment performance. The target payout will be temporarily withheld if any asset liquidity issue or regulatory restraint occurs. The target payout will resume after the issue resolves. The target payout may exceed the investment returns and shall be distributed from the mandate assets under management, therefore the mandate account value may decrease and erode.

Note 3: Payable to those insured with second to sixth-degree disablement and only up to a year after the insured reaches the age of 75.

Note 4: For more information or to download product DM, please browse: http://www.manulife.com.tw/Pages/Product/Product.aspx?PID=102&Type=4.

Note 5: Only up to a year after the insured reaches the age of 75.

About Manulife Financial
Manulife Financial is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. In 2012, we celebrate 125 years of providing clients strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We also provide asset management services to institutional customers. Funds under management by Manulife Financial and its subsidiaries were C$512 billion (US$512 billion) as at March 31, 2012. The Company operates as Manulife Financial in Canada and Asia and primarily as John Hancock in the United States.

Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘945’ on the SEHK. Manulife Financial can be found on the Internet at manulife.com.

Media Contact
In Taiwan:
Jennifer Fu
02-2757-4887   0955-847-648
jennifer_nl_fu@manulife.com

In Asia:
David Norris
Manulife Financial, Regional Communications
Tel: (852) 2202-1749
david_norris@manulife.com