_KV_1280x316?qlt=85&ts=1793264638536&fit=hfit,1&dpr=off "ManuProtect Decreasing (II) KV 1280x316")
ManuProtect Decreasing (II)
Home is where your loved ones are & safeguarding it is of utmost importance.
About this plan
ManuProtect Decreasing (II) is a decreasing term life insurance plan designed to help safeguard your mortgage obligations. It provides decreasing coverage that can align with your mortgage repayments, with flexible policy term and interest rate options. In the event of death or terminal illness, the payout from the plan can help settle your outstanding mortgage, helping your loved ones keep the home without the burden of remaining loan repayments.
Why should you get it?
-
Choose a coverage period that fits your mortgage Select a policy term that aligns with your home loan repayment schedule.
-
Match your mortgage interest rate Choose from 1%, 2%, 3%, 4% or 5% to ensure your mortgage loan is adequately covered.
-
Enjoy fixed premiums throughout your policy term Pay the same basic plan premium throughout your policy term with no unexpected increases.
-
Protection for death and terminal illness Help safeguard your loved ones with coverage against death and terminal illness.
-
Save more with joint life coverage Enjoy a 5% premium discount when applying for joint life coverage¹.
-
Enhance your protection with optional riders2 Add coverage for total and permanent disability or critical illness to suit your protection needs².
-
Easy application with no health check-ups Applicants aged 50 and below3 can enjoy a simple application process with no health check-up required.
Extra Savings on Your Protection Plan
Get covered today and enjoy an 8% perpetual premium discount on the base plan and Total and Permanent Disability Plus Rider (II). T&Cs apply.
Learn more about ManuProtect Decreasing (II)
1. Choose your policy term
Select a policy term that best matches your mortgage repayment plans.
2. Select an interest rate
Choose an interest rate from 1%, 2%, 3%, 4% or 5% to help ensure your mortgage loan is adequately covered.
3. Stay protected as your mortgage reduces
Your coverage decreases over time to align with your outstanding mortgage balance, while your premiums on the basic plan remain fixed and level throughout the policy term.
4. Receive financial support when it matters most
If death or terminal illness occurs during the policy term, the plan can provide a lump sum benefit that can be used to pay off your outstanding mortgage and help protect your loved ones.
ManuProtect Decreasing (II) may be suitable for you if you:
- Are servicing a mortgage and want protection that aligns with your outstanding home loan.
- Prefer the flexibility to choose your policy term and interest rate.
- Have loved ones who depend on you financially, and want to help ensure they can keep the family home without the burden of outstanding mortgage repayments should death or terminal illness occur.
Frequently asked questions
The right coverage amount depends on your individual circumstances and mortgage repayment needs. Speak to a Manulife Financial Consultant or your financial adviser to help determine the level of coverage that's appropriate for you.
It depends. Many people choose a policy term that aligns with their mortgage repayment period, but the appropriate policy term depends on their individual needs and financial circumstances.
Whether you can keep your policy after refinancing or moving to a new property depends on the policy terms and on the changes to your mortgage. Some policies can continue, some may need to be updated, and others may require a new policy. Review your policy documents or contact your insurer to understand the options available for your policy.
Terms and conditions apply. Please refer to the respective product summaries for more information.
1. For joint lives applications, a premium discount will be applied to the basic plan throughout the policy premium term. This discount does not apply to any rider attached to the basic plan.
2. Please refer to the product summary of the respective riders for details of coverage.
3. Applies to ManuProtect Decreasing Lite plan
ManuProtect Decreasing (II)/ManuProtect Decreasing Lite (II) and its supplementary benefits are underwritten by Manulife (Singapore) Pte Ltd. (Reg. No. 198002116D). This advertisement has not been reviewed by the Monetary Authority of Singapore. Buying a life insurance policy is a long-term commitment. This policy has no cash value. Buying health insurance products that are unsuitable for you may affect your ability to finance your future healthcare needs. This brochure is for your information only and does not consider your specific investment objectives, financial situation or needs. It is not a contract of insurance and is not intended as an offer or recommendation to purchase the plan. You can find the full terms and conditions, details, and exclusions for the mentioned insurance product(s) in the policy contract. If there are any differences between the English and Chinese versions of this brochure, the English version will apply. This policy is protected under the Policy Owners’ Protection Scheme, which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic, and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the LIA or SDIC websites (www.lia.org.sg (opens in a new tab) or www.sdic.org.sg (opens in a new tab)).
The information on this page is for general informational purposes only and does not constitute financial advice.
We recommend that you seek advice from a Manulife Financial Consultant or its Appointed Distributors before making a commitment to purchase a policy.
Information is correct as of 16 August 2020.
