Yearly Renewable Term and React5: term life insurance
For as little as Php 23*/day, get flexible term life insurance with coverage options of 1 year or 5 years as your needs change.
What is Yearly Renewable Term (YRT) and React5?
Yearly Renewable Term (YRT) is an affordable term life insurance plan that provides coverage on a yearly basis. The plan renews each year automatically, with premiums adjusting based on your age.
React5, on the other hand, is a 5-year term life insurance plan that offers coverage for five years. It allows you to lock in premiums for a longer period, with the option to renew or convert to permanent coverage later.
Plan key benefits and features
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Secure your loved ones Guaranteed protection coverage for your family’s security.
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Auto-renewal option Conveniently renew your coverage annually or every 5 years.
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Convert to lifetime coverage Convert to a permanent plan and get covered for life.
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Boost your coverage Enjoy extra coverage by adding Critical Illness rider and other supplementary benefits to enhance your existing coverage, and help you financially when most needed.
*Premium amount depends on client's age, coverage, and medical rating. Minimum coverage period applies.
Plan options and comparison
Feature |
YRT |
React5 |
Coverage duration |
1 year |
5 years |
Renewal frequency |
Annual |
Every 5 years |
Premiums |
Adjusts annually based on age |
Fixed for 5 years, then adjusts |
Flexibility |
High flexibility for short-term protection |
Stable coverage for a longer term |
Conversion option |
Can be converted to permanent insurance |
Can be converted to permanent insurance |
Target users |
Ideal for short-term coverage needs |
Ideal for those seeking coverage for a longer term |
Affordable protection |
Low initial premiums |
Affordable, predictable premiums |
Who should consider Manulife YRT and React5?
Manulife YRT and React5 are designed for individuals who need flexible, affordable life insurance protection. These plans can be a great fit for:
Young professionals looking for short-term life coverage at an affordable cost
New parents who want to secure their family’s future with flexible, renewable coverage
Individuals nearing retirement who need affordable coverage during their last working years before transitioning to permanent life insurance
People in transitional life stages, such as starting a new job, buying a home, or going through major life changes, who need affordable protection without long-term commitment
Frequently asked questions
There are two types of life insurance policies: term life and whole life.
'Term life' means we cover you for a defined period of time (for example, 25 years) whereas 'whole life' means we cover you for your entire life.
As the name suggests, YRT or Yearly Renewable Term covers you for only one year. React5, on the other hand, gives you protection coverage for five years.
If you have YRT, you can renew your life insurance coverage every year until age 69 or for 10 years, whichever is longer. For React5, you can renew your coverage every five years until age 80. Note that premium rates will increase as this is based on your age upon renewal.
Yes, 5-year term life insurance is typically cheaper than long-term plans because it provides coverage for a shorter period and has lower premiums.
Yes, yearly renewable term life insurance can often be converted to permanent insurance, depending on the terms and conditions of the policy.
Want to learn more about Yearly Renewable Term and React5?
Talk to a financial advisor today
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