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RetireReady Plus (III)

Support your retirement lifestyle with Guaranteed Monthly Income1

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 About this plan

RetireReady Plus (III) is a retirement income plan designed to help you build a reliable stream of income for your retirement years. It provides regular payouts to support your lifestyle and help you enjoy greater financial confidence during retirement.

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Why should you get it?

  • Guaranteed Monthly Income1  over your choice of payout period    

    Choose your premium term, define your income payment period and retirement age, and set your Guaranteed Monthly Income to perfectly align with your unique retirement goals.
  • Retrenchment Payout Benefit2

    Receive a lump sum payout if you lose your job due to retrenchment.
  • Loss of Independence Income Benefit3

    Receive up to an additional 100% of your Guaranteed Monthly Income1  depending on the severity of the condition. 
  • Premium Freeze4  option

    If you face financial difficulties, you can temporarily pause your premium payments while keeping your coverage in force.
  • Easy application with no health check-up

    Guaranteed acceptance with no health questions asked.
  • Versatile payment options5

    Choose to pay your premiums with cash or through your Supplementary Retirement Scheme (SRS). 

Learn more about RetireReady Plus (III)

 

Follow these simple steps to understand how Manulife RetireReady Plus (III) works:

  • Step 1: Select your preferences 
    Choose your desired Guaranteed Monthly Income¹, preferred premium payment term, income payout period, and the retirement age at which you would like your payouts to start.

  • Step 2: Make regular premium payments 
    Pay premiums consistently over your chosen term to keep your policy active.

  • Step 3: Begin receiving retirement income 
    Upon reaching your selected retirement age, you will receive monthly income over your chosen payout period.

  • Step 4: Enjoy stable and flexible payouts 
    Your monthly payments include both guaranteed income and any non-guaranteed cash bonuses, providing a secure foundation for your retirement.

RetireReady Plus (III) is ideal for a variety of individuals at different stages of life:

  • Early savers: You want to begin building retirement income now to take full advantage of compounding over time.

  • Mid-career professionals: You are looking to increase your retirement savings and integrate them into your broader financial strategy.

  • Pre-retirees: You need a structured solution to ensure predictable income as you approach retirement.

  • Lifestyle planners: You want flexibility to align your guaranteed monthly income and payout period with your retirement goals.

  • Risk-conscious investors: You prefer a plan that balances guaranteed income with potential cash bonuses for additional growth.

Frequently asked questions

 

You can choose your preferred retirement age from age 50, 55, 60, 65, or 70 when planning your retirement income.

You can choose from the available premium payment options of single premium, 5 years, 10 years, 15 years, or 20 years.

Yes. The Premium Freeze option can be activated up to 2 times during times of need, while your policy remains in force.

Your Guaranteed Monthly Income (GMI), after deducting any policy debt, starts one month after the policy anniversary; immediately after you reach your selected retirement age and continues until the end of your selected income payout period. 

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

1. The Guaranteed Monthly Income (GMI), less any policy debt, will start one month after the policy anniversary immediately after the life insured reaches the selected retirement age.

2. Only applies to individual-owned policies and policies where the life insured is aged 64 and below, during the first 5 policy years (for SP policies), during your premium payment term (for RP policies), or before the policy anniversary immediately after his or her 65th birthday, whichever is earlier. 

3. If the life insured is not able to perform any 2 out of 6 Activities of Daily Living even with the aid of special equipment, the Loss of Independence Income Benefit payable is equivalent to 50% of the GMI, capped at a maximum of S$2,000 per month per policy. If the life insured is not able to perform at least 3 out of 6 Activities of Daily Living even with the aid of special equipment, or diagnosed with Irreversible Loss of Speech, Deafness (Irreversible Loss of Hearing) or Major Head Trauma, the Loss of Independence Income Benefit payable is equivalent to 100% of the GMI, capped at a maximum of S$4,000 per month per policy. 

4. Not applicable to single premium policies. 

5. For single-premium and first-party policies only. 

RetireReady Plus (III) and its supplementary benefits are underwritten by Manulife (Singapore) Pte. Ltd. (Registered number 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. 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 or www.sdic.org.sg).

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 15 September 2024.

   

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