What is Manulife SteadyPayout?
Manulife SteadyPayout is a single premium endowment plan which provides you with a guaranteed yearly income stream from the start to end of your policy while covering you against death1.
How does it work?
Upon application, make an upfront single premium payment. Receive2 13.45% of your single premium every year from end of Policy Year 1 to 93. You will also be covered against death1 during the policy term.
Who is it for?
Manulife SteadyPayout is suitable for those who are seeking a reliable and predictable supplementary income stream in the form of guaranteed yearly income. This endowment plan also provides peace of mind, knowing that your loved ones are financially secure in the event of unforeseen death during the policy term.
Important Information
Footnotes
Terms and Conditions apply. Please refer to Product Summary for more information about this insurance plan.
1. Death benefit is the higher of:
(a) 105% of the single premium less total guaranteed yearly income paid; or
(b) one year of guaranteed yearly income.
2. The guaranteed yearly income cannot be accumulated with Manulife.
3. The total guaranteed income is the guaranteed yearly income received from end of Policy Year 1 to 9. There is no further maturity payout.
4. Surrender value and total guaranteed yearly income paid is at least equivalent to the single premium paid. Not applicable to policies that have been altered.
Important notes
Manulife SteadyPayout is 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. 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 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 or www.sdic.org.sg).
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 at 13 January 2025.
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