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LifeReady Plus (II)

Boost your coverage up to 5x, till age 70 or 80

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 About this plan

LifeReady Plus (II) is a regular premium whole life insurance plan available in Singapore, designed to offer lifelong coverage1  against death and terminal illness till age 99. Apart from the guaranteed death benefit, it also includes a cash value component that accumulates over time. It helps you plan every life stage, with coverage that can be customised to your needs.

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Why should you get it?

  • Save more when you stay healthy

    Health Advantage Benefit2 - enjoy premium discounts for the first 2 policy years and continue to enjoy these discounts beyond the 2nd year by meeting our health targets.
  • Turn your cash value into regular income

    Convert your policy’s cash value3  into annual payouts over 10 years, with an additional 5% interest boost.
  • Enhance your coverage effortlessly

    Seamlessly adapt your policy to life's key moments—graduation, marriage, purchasing your first home, or becoming a parent—by enhancing your coverage without the need for a medical check-up.
  • Stay protected during unexpected job loss

    Retrenchment Benefit1 - If you or your spouse face retrenchment and remain unemployed for 30 days or more before turning 65, enjoy six months of premium waivers while your coverage continues uninterrupted.
  • Enhance protection with critical illness coverage 

    Enhance your whole life insurance plan with our range of critical illness riders1, offering a lump sum payout or waiving future premiums if a critical illness occurs.
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Enjoy up to 10% off first year premium

Get covered today and enjoy this exclusive promotion. T&Cs apply.

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Learn more about LifeReady Plus (II)

 

Follow these simple steps to understand how Manulife LifeReady Plus (II) works:

  • Pay regular premiums: Set up consistent premium payments to keep your coverage active.

  • Receive lifelong protection: Your policy provides coverage against death, terminal illness and total and permanent disability, lasting up to age 99.

  • Enhance your coverage with add-ons: During life's key moments (graduation, marriage, purchasing your first home, or becoming a parent), opt to enhance your coverage without the need for a medical check-up.

  • Add critical illness protection: Select add-ons that cover serious health conditions, giving you financial support if diagnosed.

  • Enjoy flexible, long-term security: The combination of basic coverage and optional riders ensures your protection adapts to your changing needs over time. 

Manulife LifeReady Plus (II) is a long-term protection and financial stability plan. It may be suitable if you:

  • Want a foundation of lifelong financial protection for yourself and your loved ones.

  • Are looking for protection against critical illness that could impact your finances and future plans.

  • Want to build cash value over time while staying protected.

Frequently asked questions

 

You can convert the cash value of your LifeReady Plus (II) policy into annual payouts after the enhanced protection expires at age 70 or 80. This option can only be exercised once.

You can convert your policy’s cash value into annual payouts over 10 years, with an additional 5% interest. Choosing this option will result in a reduction in coverage and lower cash value when the policy matures.

You can continue to enjoy the premium discounts after policy year 2 if you meet the required health targets. To qualify for the continued discount, you need to submit the Health Advantage form or a medical report with the health target requirement for verification within the first two policy years.

Terms and conditions apply. Please refer to the respective product summaries for more information. 

  1. Upfront premium discount is based on standard underwriting assessment. To qualify for a premium discount subsequent to policy year 2, please submit the Health Advantage form or a medical report with the health target requirement for verification within the first 2 policy terms. 

  2. The option is only available after the enhanced protection expires at age 70 or 80, and can only be exercised once. Annual payout will result in coverage reduction and lower cash value when the policy matures. Please refer to the product summary for more details.  

LifeReady Plus (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. There may be high costs involved if you terminate the policy early, and your policy's surrender value (if any) may be zero or less than the total premiums paid. 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 1 July 2021. 

 

   

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