Manulife Singapore Launches New Whole Life Solutions for High-Net-Worth Customers to Protect, Grow and Pass on Wealth with Confidence
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SINGAPORE – Manulife Singapore has launched Signature Life Elite (USD) (SLE) and Signature Life Prestige (USD) (SLP), two new USD-denominated whole life insurance solutions that help customers protect their wealth from day one, grow it over time and transfer it seamlessly, while providing the flexibility to adapt to evolving needs along the way. Both solutions support the changing needs of high-net-worth (HNW) individuals as they place greater emphasis on resilience, adaptability and wealth continuity.
Signature Life Elite (USD): Designed for customers who prioritise protection certainty and immediate legacy creation, such as individuals with significant financial responsibilities and business owners. With a higher level of guaranteed protection from inception, it helps customers safeguard their wealth and provide for loved ones from day one.
Signature Life Prestige (USD): Built for customers who value the certainty of being protected and leaving a guaranteed legacy while maximising the long-term growth potential of their wealth. By pairing a guaranteed death benefit with the opportunity to accumulate value through non-guaranteed bonuses, it helps customers plan for legacy goals with greater confidence.
Combining Immediate Protection, Long-Term Growth and Flexibility
Faced with longer lives and more complex family and business structures, recent research1 by Manulife and FT Longitude, the thought leadership division of the Financial Times group, found that nearly two-thirds (64%) of Singapore HNW respondents believe how their wealth support them across life stages and evolve with their needs is more important than wealth accumulation alone. These findings reflect a growing demand for solutions that can provide certainty and flexibility today, while preserving wealth for the future – a focus for both SLE and SLP.
Key features for both solutions include:
- High protection from day one: Guaranteed death and terminal illness protection throughout the policy term, providing customers and their families with financial certainty and liquidity.
- Long-term wealth accumulation: Enables policy value to grow over time through non-guaranteed bonuses2, helping to meet legacy goals.
- Liquidity as priorities change: Allows policyholders to withdraw up to 50% of Surrender Bonus from Policy Year 16 onwards3 to respond to changing needs or opportunities while retaining the policy for continued wealth building.
- Flexibility during times of need without surrendering coverage: Allows customers to access up to 100% of Surrender Bonus upon diagnosis of a designated illness4, providing peace of mind during critical health events without dismantling their policy.
“High-net-worth customers are changing how they structure their wealth – from simply building wealth to building resilience,” said Frank O'Neill, Chief Product Officer, Manulife Singapore. “They want confidence that what they have created can withstand uncertainty, adapt to different personal and business circumstances throughout their lifetime and ultimately be transferred according to their wishes. Signature Life Elite and Signature Life Prestige were designed to meet these evolving expectations and support our customers across life stages.”
Both SLE and SLP also incorporate succession planning features, providing the option for smoother wealth transfer and ownership continuity:
- Death Benefit Inheritance Option (DBIO)5: Allows policyholders to structure death benefit payouts in annual instalments over a chosen period from 2 to 10 years, providing beneficiaries with sustained financial support.
- Contingent Policy Owner Option6: Supports a smoother ownership transition for individual-owned policies, if the original Policy Owner passes away or is diagnosed with mental incapacity.
- Change of Life Insured7: For corporate-owned policies, the life insured can be changed in the event of unforeseen circumstances so the policy value can continue to grow and be passed on to the next key person in the business.
Together, SLE and SLP further strengthens Manulife Singapore's suite of solutions for HNW individuals seeking greater certainty, flexibility and continuity in their wealth planning.
Find out more here.
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About Manulife Singapore
Serving Singapore since 1899, Manulife has built a long-standing legacy as one of the country's most established life insurers. For over a century, we have helped generations of Singaporeans protect what matters most, grow their wealth and plan confidently. We offer a comprehensive suite of insurance, retirement, and wealth management solutions designed to meet diverse needs across every stage of life. Our products and services are delivered through a robust distribution network that includes our dedicated financial representatives and specialist partners such as banks and financial advisory firms. For more information, please visit manulife.com.sg.
Media Contacts
Gindelin Low
Gindelin_low@manulife.com
Hevina Kaur / Verona Koh
manulife@aka-asia.com
1 Source: Manulife Singapore, Singapore’s wealthy embrace a more fluid future for work, wealth and retirement
2 Exercising Bonus Realisation Option will slow future growth of non-guaranteed benefits.
3 Available from 15th policy anniversary. Exercisable once per policy year, and request must be submitted to Manulife within 31 days after policy anniversary. Other terms and conditions apply.
4 Applicable from 2nd policy anniversary. Exercisable once only.
5 Must be elected at policy application. Policy owner cannot change inheritance period or opt for this option after policy is issued.
6 Must be at least age 18 and have insurable interest with current life insured. Cannot be nominated if the Policy Owner and Life Insured are the same individual. Other terms and conditions apply.
7 Available only from 2nd policy anniversary. New life insured must have insurable interest with the policy owner and be subjected to underwriting.