Manulife IncomeGen Review

Manulife is a whole-life insurance savings plan that provides you with a stream of monthly income up to age 120.

Manulife IncomeGen product details

• Life policy – Endowment and Saving policy
• Lifetime Monthly Income
  • Collect monthly income till age 120 from the end of the 49th policy month
  • Lump sum maturity benefit at age 120
• Insurance Coverage
  • Be covered against Death and Terminal Illness
  • Additional 50% payout of total premiums paid in the event of accidental death before age 80
  • Waiver of future premiums for Total and Permanent Disability during premium term
• Flexibility
  • Pay premiums for only 3 years
  • Option to change life insured during policy term

Read about: Endowment and Saving policy: How does it work?

Read About: Endowment and Saving policy: Is it the best option?

Features of Manulife IncomeGen at a glance

Cash and Cash Withdrawal Benefits

Cash value: Yes
Cash withdrawal benefits: Yes

Health and Insurance Coverage

Death: Yes
Total Permanent Disability: Yes
Terminal Illness: Yes
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

No

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 IncomeGen may be suitable if you are looking for

Manulife IncomeGen may potentially be a good fit if the following matters to you:

• 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 IncomeGen may not be suitable if you are looking for

Manulife IncomeGen may potentially be a bad fit if the following matters to you:

• Liquidity or flexibility of withdrawal in your Insurance policy.
• 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.

Read About: How can I accumulate a million dollar (Realistically)

Further considerations on Manulife IncomeGen

• How are Manulife or Manulife IncomeGen investment returns based on historical performance?
• How does Manulife IncomeGen compare with Endowment policies from other insurance companies?
• Can Manulife IncomeGen fulfill my financial, insurance, health, and protection needs?

The above information may not fully highlight all the product details and features on Manulife IncomeGen. Talk to us or seek advice from a financial adviser before making any decision about Manulife IncomeGen.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.

Read About: 3 best Savings plans and endowment policies in Singapore (updated Jan 2023)

Where can I compare the payout and benefits of saving plans and endowment policies?

Before committing to an insurance policy, it certainly pays to make an effort to compare. Specific product features, benefits, and payouts will differ more than you think across insurance companies. Why regret only years later, when you find out that you are not getting the best insurance policy available for the premium paid?

Use our Compare NOW feature to receive the most competitive quotes on saving plans and endowment policies.

Alternatively, you just need to provide us with a couple of details below.

Is Manulife IncomeGen 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.

All financial reviews and proposals provided are 100% free of charge. There will be no obligation to take up any proposed financial products or services in any way.

*For a limited time, get attractive incentives when you take up any products that is proposed by our team of financial planners.

We compare quotations head to head on all leading insurers in Singapore

Before you go...

Manulife IncomeGen may be a good fit towards your current financial goals. However, there could be way more plans out there with features and/ or benefits that could be more relevant to you at a lower cost.

Drop us a message and find out about customised options across multiple insurance companies. You deserve to get the best out of your hard-earned savings!

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Additional readings

• The 8 Overall Best Whole Life Insurance Plan in Singapore (2023 Edition)
• The 8 Overall Best Term Life Life Insurance Plan in Singapore (2023 Edition)