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Manulife launches two new savings plans 

Guaranteed cash payments for up to 100 years;
Option to pass on guaranteed cash flows to future generations

April 20, 2020


Hong Kong – Manulife Hong Kong has announced the launch of La Vie 2 and ManuCentury, two comprehensive savings plans that provide regular payouts to help customers satisfy diverse needs and goals. With guaranteed cash payments equal to 5% of the notional amount every year, the plans enable customers at different life stages to be confident of the lifetime financial stability they can secure for themselves or their future generations.

Riding on the success of La Vie, one of Manulife’s flagship savings products, La Vie 2 offers customers extra benefits to help them realize their dreams. Tailored for those who prefer a regular income stream with the potential to accelerate savings towards a secure future, La Vie 2 provides annual guaranteed cash payments starting from the plan's 1st policy anniversary up to age 100, and a non-guaranteed terminal bonus to help customers generate higher potential returns.

ManuCentury is designed for those who are seeking a solution that allows them to pass their wealth to their loved ones. It offers additional flexibility for customers to enjoy regular payouts for up to 100 years and an option to change the life insured. Together, these two features will help customers ensure their second – or even third – generation enjoys the fruits of their wealth.  

Wilton Kee, Vice President, Chief Product Officer and Head of Health at Manulife Hong Kong, said: “Hong Kong has the world’s longest life expectancy at birth[1], meaning that there is an immense need for us to plan for our financial needs over longer retirement years. At Manulife, we understand that customers are looking for savings solutions that help meet their needs across different life stages. With the launch of our two new products, we are bringing customers a regular annual income stream plus lifetime financial stability. In particular, customers of our ManuCentury plan can choose how long the regular income will be paid according to their goals and circumstances, not only for themselves but also for their loved ones.”

In addition to guaranteed regular cash payments, both plans offer a range of benefits designed to give customers maximum flexibility and returns:

  • Terminal bonus to potentially boost long-term savings: Both policies offer a non-guaranteed terminal bonus to boost potential returns. This is a one-off benefit payable by the end of the policy life or if the insured individual passes away.
  • Lock in terminal bonus for extra liquidity with a recurring realization limit: Starting from the 15th policy anniversary, and on every policy anniversary thereafter, customers can lock in up to 50% of the terminal bonus to secure long-term gains. These gains can either be withdrawn in cash to help attain personal goals, or retained in the policy to earn higher interest returns. What’s more, the realization percentage of each individual lock-in can be restored after 15 policy years. That means customers can create an extra stream of funds by allocating the 50% realization limit evenly over every 15 policy years.
  • Change of life insured option for passing on wealth (ManuCentury only): Customers have the option to change the life insured to another loved one, enabling wealth to be passed on through one or more generations.
  • Four premium payment period options: Customers can select from four premium payment periods – 5, 8, 12 or 15 years – according to their financial needs, making it easier for them to budget for their future.
  • Extra peace of mind when it comes to accidental death, and optional benefits: In addition to life protection, if Standard Life Protection option of La Vie 2 or ManuCentury is chosen and the insured individual passes away due to an accident within the first five policy years, an additional Accidental Death Benefit is payable to help offset any unexpected financial hardship faced by their family. Under both plans, customers can also add other benefits, including accident, critical illness, disability and medical provisions for more worry-free protection.


New plans at a glance[2]:


La Vie 2

Policy Currency

United States Dollars (US$) / Hong Kong Dollars (HK$)

Premium Payment Period

5/ 8/ 12/ 15 years

Issue Age

15 days – 70 (Vary by premium payment period)

15 days – 70 (Age 100)

15 days – 75 (100 years)

 (Vary by premium payment period)

Guaranteed cash payment term

Until age 100 of the life insured

Age 100: Until age 100 of the                        initial life insured

 100 years: 100 years

Dividend Structure

Terminal Bonus

Life Protection Options

Standard Life Protection / Enhanced Life Protection            (15-pay only)

Not applicable

Realization Option


Change of Life Insured

Not available


Embedded Feature

Accidental Death Benefit (Standard Life Protection only)

Accidental Death Benefit


For more details about La Vie 2, please visit here. Details about ManuCentury can be found here.


About Manulife Hong Kong

Manulife Hong Kong, through Manulife International Holdings Limited, owns Manulife (International) Limited, Manulife Asset Management (Hong Kong) Limited and Manulife Provident Funds Trust Company Limited. As a member of the Manulife group of companies, Manulife Hong Kong offers a diverse range of protection and wealth products and services to individual and corporate customers in Hong Kong and Macau.


About Manulife

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2019, we had more than 35,000 employees, over 98,000 agents, and thousands of distribution partners, serving almost 30 million customers. As of December 31, 2019, we had C$1.2 trillion (HK$7.2 trillion) in assets under management and administration, and in the previous 12 months we made C$29.7 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.


[1] The United Nations Human Development Report 2019

[2] The press release provides general product information for reference only. Please refer to the respective product brochures for more details including the ‘Important Information’ section on product risks.


Media Contact:

Jacqueline Kam / Gray Chan

Manulife (International) Limited

Tel: (852) 2202 1284 / 2919 3159 /