Elite Income 88 | Alliance Bank Malaysia

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Having a good financial plan is the first step to giving yourself and your loved ones a bright future. How can you put that plan into action? With ELITE INCOME 88, you can choose the plan to suit your financial goals.

In addition to helping you save consistently to build your wealth, ELITE INCOME 88 can be a gift to your loved ones, helping them secure their financial future and providing them with a stepping stone towards fulfilling their own vision.

WHY ELITE INCOME 88?

SHORT PREMIUM PAYMENT TERM

Enjoy a short premium payment term of 5 years only and choose the coverage term from the available plan options:

Plan Option	Coverage Term
Wealth-88	Up to age 88
Wealth-88-Plus	Up to age 88
Wealth-15	15 years

HASSLE-FREE APPLICATION

No medical underwriting is required for Face Amount up to RM800,000 per life¹.

GUARANTEED CASH PAYMENT (GCP)²

Starting from the end of the first policy year, you will receive the following Guaranteed Cash Payments:

End of Policy Year	GCP (% of Annualised Premium)
1 - 5	10%
6 - 10	12%
11 - 15	15%

NO LAPSE GUARANTEE³

Your policy will continue to stay in force even if the Basic Account Value is insufficient to pay for Policy Charges.

VALUABLE INSURANCE PROTECTION

In the event of death or Total and Permanent Disability⁴ (TPD) during the first 15 years, the following benefits will be payable in one lump sum:

Policy Year

Death⁵ or TPD Benefit

Accidental Death Benefit (ADB)⁶

1 to 2

Total Modal Premiums Paid⁷ less total GCP paid PLUS GCP Account Value, if any.

Additional 600% of Annualised Premium

3 to 15

The higher of:

105% of Total Modal Premiums Paid⁷ less total GCP paid; OR
Basic Account Value

PLUS GCP Account Value, if any.

POTENTIAL UPSIDE WITH GUARANTEED MINIMUM CREDITING INTEREST RATE

Enjoy potential investment returns through monthly Crediting Interest Rate⁸ declared from Manulife Universal Life Fund.

Even in an unfavourable market environment, the net Crediting Interest Rate will never be negative. It is guaranteed a minimum of 2% p.a. for the first five years and 0% in the following years.

LUMP SUM PAYOUT AT MATURITY

At the end of Policy Year 15, a Wealth Pot equivalent to the amount below will be created.

Wealth Pot⁹

Higher of 340% of Annualised Premium OR Basic Account Value

PLUS GCP Account Value, if any.

For Wealth-88 or Wealth-88-Plus, the amount of the Wealth Pot will remain invested in Manulife Universal Life Fund to grow with the Crediting Interest Rate.

Based on the chosen plan, you will receive the following benefit upon the survival of the Insured at maturity:

Plan Option	Maturity Benefit
Wealth-88	110% of the Account Value will be payable.
Wealth-88-Plus	You will receive an Annual Income¹⁰ 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.

FLEXIBILITY TO SWITCH PLAN OPTION

90 days before the creation of Wealth Pot, you have the flexibility to switch within the available plan options to meet your latest financial needs in case your initial financial goal has changed¹¹.

INCOME TAX RELIEF

Enjoy income tax relief subject to the requirements of the Inland Revenue Board.

Product Footnotes:

Aggregated with other similar type of Universal Life policies issued by Manulife on the same life.
GCP is payable from the Basic Account. It will only be payable provided all premiums are paid to date. Upon inception, you can choose to receive the GCP or keep the GCP with Manulife. If you choose to keep the GCP with Manulife, the amount will create a GCP Account Value which will be invested into Manulife Universal Life Fund and accumulate with the Crediting Interest Rate. Withdrawal from the GCP Account is not subject to any charges/fees.
Provided all premiums are paid up to date.
TPD coverage is up to 15th policy year or up to Insured’s age 70, whichever is earlier.
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.
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.
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.
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.
If No Lapse Guaranteed has been forfeited, the Wealth Pot amount will be based on only the Basic Account Value plus GCP Account Value.
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.
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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Alliance Bank Malaysia Berhad 198201008390 (88103-W)

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