Manulife IncomeSecure
Provides a yearly income stream as you craft a meaningful gift for your loved ones.
About this plan
Manulife IncomeSecure combines lifetime yearly income with the opportunity to create a meaningful gift for your loved ones. Receive yearly income from as early as the end of policy year 3, with the flexibility for the policy to continue benefiting future generations, alongside life insurance protection.
Why should you get it?
Manulife IncomeSecure provides a yearly income stream while helping you create lasting financial support for your loved ones.
-
Lifetime yearly income Receive yearly income1 up to age 120
from end of policy year 3 (for premium payment term of 5 years) or
from end of policy year 5 or 10 (for a premium payment term of 10 years)
-
Boost your yearly income Watch your income1 step-up over time, based on premium payment term and income payout year
-
Financial protection for life's uncertainties Receive insurance coverage against death and terminal illness till age 120
Get premium waiver upon total and permanent disability
-
Terminal cancer benefit An additional lump sum payout2 upon diagnosis of terminal cancer
-
Change of Life Insured Option to change the life insured3 to your loved ones
-
Easy application with no health check-up Guaranteed acceptance with no health questions asked
Enjoy up to 18% premium discount in the first year.
Get covered today and enjoy exclusive savings. T&Cs apply.
Learn more about Manulife IncomeSecure
Here's how this lifetime yearly income plan can help provide income for you and your loved ones:
Step 1: Build your plan based on your goals
Select a 5-year or 10-year premium payment term, along with an income payout schedule that best suits when you would like to start receiving yearly income.
Step 2: Start receiving yearly income
Receive yearly income as early as the end of policy year 3, depending on your selected premium payment term and income payout option.
Step 3: Enjoy income growth potential that may grow over time
Your yearly income may step up over time, helping to enhance the income you receive as the years go by.
Step 4: Stay protected throughout the policy term
Enjoy coverage against death and terminal illness up to age 120. If the life insured suffers Total and Permanent Disability (TPD), future premiums will be waived while policy benefits continue. The plan also provides an additional lump sum benefit upon diagnosis of terminal cancer, subject to policy terms and conditions.
Step 5: Extend the benefits to future generations
With the Change of Life Insured feature, you can transfer the life insured to your loved ones, allowing the policy to continue supporting future generations while providing ongoing yearly income.
Manulife IncomeSecure may suit you if you want a lifetime yearly income plan that combines income generation with life insurance protection. It is ideal if you are:
Planning for retirement: You want to build a steady yearly income to support your retirement lifestyle and future financial needs.
Seeking long-term financial security: You want a plan that provides income payouts until age 120 while maintaining life insurance protection.
Supporting your loved ones: You want to create a lasting financial gift with the option to change the life insured to your loved ones.
Looking for flexible income options: You want income payouts that can begin as early as the end of policy year 3, depending on your premium payment term.
Preparing for unexpected events: You want additional protection benefits, including coverage for death and terminal illness, plus a premium waiver upon total and permanent disability.
Frequently asked questions
The point at which your policy's guaranteed benefits are at least equal to the premiums paid depends on factors such as your premium payment term and sum insured.
Please refer to the product brochure for the specific milestone applicable to your policy option.
The yearly income payout consists of both guaranteed and non-guaranteed yearly income.
Terms and conditions apply. Please refer to the Product Summary for specific definitions.
1. Yearly income consists of guaranteed and non-guaranteed yearly income.
2. In the event the life insured is diagnosed with terminal cancer before the policy anniversary immediately after his or her 75th birthday during policy term and survived for at least 7 days from the date of diagnosis, subject to 1-year waiting period commencing from the policy issue date, the most recent date Manulife approved the change of life insured or date of the most recent policy reinstatement (whichever is the later), Manulife will pay an additional lump sum amount depending on the chosen premium payment term, which is equivalent to:
a. 50% of the annual mode premium for a 5-year premium payment term.
b. 100% of the annual mode premium for a 10-year premium payment term.
3. After 2 policy years, the policy owner may request to change the life insured up to 2 times during the policy term. Subject to insurable interest and any other terms and conditions as set out in the policy contract.
Manulife IncomeSecure and its supplementary benefits are underwritten by Manulife (Singapore) Pte. Ltd. (Reg. No. 19802116D). 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. This brochure is also available in Chinese. 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 our Appointed Distributors before making a commitment to purchase a policy.
Information is correct as of 2 Jan 2024.