Plan Option | Coverage Term |
---|---|
Wealth-88 | Up to age 88 |
Wealth-88-Plus | Up to age 88 |
Wealth-15 | 15 years |
Policy Year | Death4 or TPD Benefit | Accidental Death Benefit (ADB)5 |
1 to 2 | Total Modal Premiums Paid6 | Additional 600% of Annualised Premium |
3 to 15 | The higher of:
|
Wealth Pot8 |
Higher of 525% of Annualised Premium OR Account Value |
---|
Plan Option | Maturity Benefit |
---|---|
Wealth-88 | 110% of the Account Value will be payable. |
Wealth-88-Plus |
You will receive an Annual Income9 of 5% of your Account Value at the end of each policy year starting from Policy Year 16. Upon maturity, 110% of the remaining Account Value will be payable. |
Wealth-15 | Wealth Pot amount will be payable. |
Product Footnotes: | |
1 | Aggregated with other similar type of Universal Life policies issued by Manulife on the same life. |
2 | Provided all premiums are paid up to date. |
3 | TPD coverage is up to 15th policy year or up to Insured’s age 70, whichever is earlier. |
4 | For plan option Wealth-88 and Wealth-88-Plus, Account Value will be payable if death of Insured occurs from policy year 16 onwards, policy will terminate after payout. |
5 | ADB is only applicable if entry age is 60 and below, the coverage is up to the 15th policy year or up to the Insured’s age 65, whichever is earlier, provided such death occurs within 180 days from the accident. |
6 | Total Modal Premiums Paid is the total Premiums (excluding Extra Premium due to loading, if any) received by Manulife on the basic policy from the Issue date until death or commencement of disability of the Insured. |
7 | The Crediting Interest Rate declared is not guaranteed and may fluctuate depending on the actual investment return of the fund. A smoothing mechanism will be applied by Manulife to determine the Crediting Interest Rate. The Crediting Interest Rate is subject to Investment Income Tax and Fund Management Charge. Refer fund fact sheet for more info. |
8 | If No Lapse Guaranteed has been forfeited, the Wealth Pot amount will be based on only the Account Value. |
9 | Annual Income is paid by withdrawing from the Account Value and will only be paid provided the balance of the Account Value after each payout is at least RM5,000. Annual Income will cease upon death or policy maturity, whichever is earlier. |
10 | The flexibility to switch is only allowed to be exercised during the aforementioned period. A notification will be sent to the Policy Owner. If no response is received, Manulife will continue to administer the policy in accordance with the existing plan. |
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