Manulife Life Insurance Reviews and Comparison - Seedly
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Manulife Life Insurance

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  • Reviews (4)
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Life Insurance/Manulife Life Insurance
Life Insurance/Manulife Life Insurance

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Reviews (4)

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4 Reviews

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  • Updated on 08 Jul 2020
    [Customer Service] My agent is Solomon. Although he's young but don't underestimate his knowledge and passion. You can see that he is very detailed and make sure you're comfortable to purchase before making a decision. He also doesn't pester you or push you. He just gives you time to think and let you come back to him when you're ready. [Purchase Process] Honestly, Manulife is much behind compared to competitors. Still using 'old school' stuff and not high tech like AIA agents. My agent had to type out and do manually stuff. Sometimes portal also down apparently. So far all good. My agent really made it easy for me to purchase and recommending which credit card to use to purchase to maximize my points etc.
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  • Updated on 05 Jul 2020
    [Terms & Conditions] Their Whole Life plan has a Retrenchment benefit included. Where if you or your spouse are retrenched, they will waive future premiums payable up to 6 months! In the reality world of unemployed, pay cuts and bankruptcy post covid, an insurance that can remove financial worry in the worst case scenario would be so helpful to their customers! DM me if u r interested to find out the details
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  • Updated on 07 Jan 2020
    The agent is very responsive and provides us with frequent updates. He is extremely helpful and knowledgeable. A great company with excellent customer service.
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  • Posted on 19 Nov 2019
    I recommend ManuLife ready plus because of the 3x multipler benefit during your working years. Also, you can pay for a short 20/25 years for whole life. I like that it is relatively competitive in their prices compared to other companies.
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About ManuLife

Established in 1980, Manulife Singapore provides insurance, retirement and wealth management solutions in a bid to help customers, no matter which stage of life they are in. In year 2015, Manulife Singapore was named "Contact Centre of the Year – Insurance (Under 20 Seats)" in the International CRE Awards for the second consecutive year. Manulife Singapore also received the "Corporate Social Responsibility Leadership of the Year – Insurance" award in recognition of its community and social initiatives.

Term Life Investment Plans

1.       ManuProtect Term

Purpose: Receive a lump sum payout upon death or terminal illness

Term Period:

-          Regular Premium: 5 – 10 years | 11 – 40 years

-          Single Premium: 5 – 40 years

Riders: Total and Permanent Disability (TPD), Critical Illness, Accidental Death and Payor Premium Payor

 

2.       DIRECT ManuAssure Term

Purpose: Lump Sum Payout

Term Period: 5 years renewable up to 80 years of age regardless of health conditions, 20 years or up to 65 years of age

Riders: Critical Illnesses

Whole Life Insurance Plans

1.      Ready LifeIncome

Purpose: To receive yearly income

Benefits:

-          Secondary Life Insured (SLI) is an option to transfer the ownership of the plan over to a loved one, which can be appointed or changed up to 3 times during the policy term

-          Upon Total and Permanent Disability (TPD), you can get a premium waiver during your payment term while the coverage continues. Alternatively, there is also a Premium Freeze Option that allows you to stop paying for 1 year

-          Choice of term for guaranteed and non-guaranteed yearly income payout and premium payment term up to age 120.

2.       LifeReady Plus

Purpose: To be covered at every stage of life

Riders: Critical Illnesses (Early Critical Care Rider (II))

Benefits:

-          Health Advantage Benefit – You can enjoy upfront premium discounts for the first 2 years of the policy and longer as long as you meet the stipulated heath targets.

-          Retrenchment Benefit – 6 months of your premium will be waived while coverage continues if you or your spouse is retrenched and unemployed for 30 days or more.

-          Financial Flexibility – Accumulate policy cash value and an Option to convert cash value from your policy to annual payouts, over 10 years with additional 5% interest.

 

3.       DIRECT- ManuAssure Life

Purpose: Balance protection and savings

Coverage: Death, Terminal Illness, Total and Permanent Disability

Riders: DIRECT-Life ManuCritical Care Rider

Benefits:

-          Choice of paying premiums up to age 70 or 85

-          Receive declared non-guaranteed bonuses to help your cash value grow