Manulife Boost 4 Review
The complete Pros and Cons on Manulife Boost 4
Manulife Boost 4 product details
- Life policy – Endowment and Saving policy
- Manulife Boost 4 is a 5-year single premium insurance endowment plan that lets you enjoy potential returns while providing you with insurance protection
- 4 guaranteed yearly income payouts; 1.8% of the single premium will be payable at the end of each policy year (adding to a total of 7.2% over the first 4 years). You may choose to:
- receive your full guaranteed yearly income annually, or
- accumulate with Manulife at a non-guaranteed interest rate of 1.5% per annum, rates subject to change with 30 days’ advance notice.
- Your single premium is guaranteed if held to maturity
- Potential maturity bonus of 2% of the single premium
- Death benefit of 101% of single premium, less any policy debt (if any)
- Guaranteed issuance; no medical assessment needed
Read About: Endowment and Saving policy: How does it work?
Read About: Endowment and Saving policy: Is it the best option?
Features of Manulife Boost 4 at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes
Health and Insurance Coverage
Death: Yes
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Health and Insurance Coverage Multiplier
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Optional Add-on Riders
NA
Additional Features and Benefits
Yes.
For further information and details, refer to Manulife website. Alternatively, fill up the form below and let us advise accordingly.
Read About: Effects of compounding returns
Read About: 3 things to consider before taking up a new financial product
Manulife Boost 4 may be suitable if you are looking for
Manulife Boost 4 may potentially be a good fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your Insurance policy.
- A hassle-free application without medical underwriting
- Short to medium term endowment and savings plan
- To saving regularly over a period of time
- To potentially generate higher financial returns compared to bank accounts
Manulife Boost 4 may not be suitable if you are looking for
Manulife Boost 4 may potentially be a bad fit if the following matters to you:
- Health and Protection coverage
- High insurance coverage for Death or Terminal Illness
- Insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
- Lifetime regular cash payout
- A one-time premium commitment with no further cash commitment
- Potentially higher financial returns compared to a pure investment product.
- Insurance policy with a high surrender value in the early years of the policy.
Further considerations on Manulife Boost 4
- How is Manulife or Manulife Boost 4 investment returns based on historical performance?
- How does Manulife Boost 4 Secure compare with Endowment policy from other insurance companies?
- Can Manulife Boost 4 fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Manulife Boost 4. Talk to us or seek advice from a financial adviser before making any decision about Manulife Boost 4.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Is Manulife Boost 4 suitable for me?
Contact InterestGuru using the form below. Our panel of licensed financial advisers will advise accordingly, based on your financial profile and protection needs.
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