Review on Manulife Investready?

I am doing my own investing in similar style. The only thing I don't have is the welcome bonus.

I also dun have lock-in period, committment period , and paying advisor fee. What I paid for the units already have cost factored in.

I also don't have yearly dividend, I had monthly payout or reinvested, my choice with no partial withdrawal fees.

I don't have 7-8% dividend payout p.a. but my dividends yield is between 6-7% due to my choice of funds.

I DIY-ed.

This product is a game charger!

The magic is the selection of the right funds that meet your needs.

(of course there is no guarantee of profits- the nature of evey single ILP in the market.
things to take note when deciding to invest in this product:

1. Make sure you are aware of the time horizon (you might want to use this product to guide you through your investment journey.

2. If you would want to have more control of your investment dollars do read up on gobal financial highlights

3. Make sure you put in some effort to understand what you are accumulating.

prospectus, annual performance. What makes and all the available documents. Also, find out which company forms the funds and do research to better understad the funds and which company affects rhe funds' peformance. Get into each company / sometimes even gossip can provide insights. And understand, the product make: Equities, fixed income, cash , mixed Nasser what is the majority of make up industry performance and Global financial standing

4. Along with the ability to diversify your investment dollar with as many funds combinations The Product offers a generous welc Zia AXAome bonus from 0% to up to 40% additional to address the management fees.

5. going back to an obvious investment formula :

results =: premium x Time

lastly while waiting keep a look out with global business news especially involving the company and stock market impact. ​​​

Its do-able with active fund switching ( unlimited)

I hope that person has at least provided some factsheet to you.. https://www.manulife.com.sg/resources/investrea...
Manulife InvestReady is a wealth/investment centric ILP. This is different from a traditional ILP, where it is a mix of protection and investment. That is, units are deducted to provide insurance coverage, and the cost of insurance increases as you get older.
Other similar products in this class are
Prudential's Pru Select Vantage
Manulife's InvestReady Wealth
AXA's Wealth Accelerate
It's basically a wrapper that's NOT meant for insurance purposes, even if they call it investment linked policy.
It has varying minimum investment period, which means if you terminate early, you will face a hefty charge. But the good news is that there is no upfront charges, and in fact, you get bonus units (For example, I believe you get 60% bonus units or $7200 for first year if you commit to $1k a month for 10 years)

It has a wrapper charge, which is broken down into 0.7% + 1.8%, making a total of 2.5% per annum over the first 10 years, and subsequently 0.7% per annum, which is not too bad for a wrapper.

It invests into unit trusts, including dividend paying ones, so you could technically receive dividends, even though you are not allowed to withdraw from the ILP.

To me, if you are able to fulfil the investment quantum, and the time horizon, it actually makes sense. Reason is that the welcome bonus more than makes up for the annual charges, even if you invest directly into unit trusts. If you cannot hold for the minimum investment period, then it's best to invest directly into the unit trusts.