Manulife SmartRetire (III) Review
The complete Pros and Cons on Manulife SmartRetire (III)
Manulife SmartRetire (III) is a whole-life, regular-premium, investment-linked policy that’s customisable to your goals and budget. With premiums as low as $200/month, you can retire with a lump sum or stream of income from as early as age 40.
Manulife SmartRetire (III) product details
- Life Policy – Investment-linked policy
Premium Payment Options
- Minimum Investment Period (MIP); you can choose to pay premiums for:
- 5, 8, 12 or 16 years
Wealth Accumulation
- Welcome Bonus
- Receive a welcome bonus boost to your investment in form of additional units
- Loyalty Bonus
- Enjoy yearly loyalty bonuses after the end of your chosen MIP
Protection
- Insurance Coverage
- Be covered against death, total and permanent disability and terminal illness
- Waiver of premiums for cancer
- Flexibility
- Refund of cost of insurance if no claims is done
- Optional add-ons
- Yes
Read about: How does Investment-Linked Policy work?
Read About: Investment-Linked Policy: Is it the best option?
Features of Manulife SmartRetire (III) 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: 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
Yes.
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.
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Manulife SmartRetire (III) may be suitable if you are looking for
Manulife SmartRetire (III) may potentially be a good fit if the following matters to you:
- To participate in the long-term financial returns of investing.
- Liquidity or flexibility of withdrawal in your Insurance policy.
- Able to take investment risks and comfortable with financial market volatility.
- Potentially higher financial returns compared to traditional Endowment and Whole Life Policy.
- Insurance options without medical underwriting
Manulife SmartRetire (III) may not suitable if you are looking for
Manulife SmartRetire (III) 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
- Guaranteed financial returns in the long-run.
- Insurance policy with a high surrender value in the early years of the policy.
- Expecting an urgent need for withdrawal during a financial market downturn.
Read about: An introduction to Investment-Linked Policy
NEW Feature: Compare investment-linked policies across insurance companies using the CompareNOW feature on InterestGuru.sg.
Further considerations on Manulife SmartRetire (III)
- How is Manulife or Manulife SmartRetire (III) investment returns based on historical performance?
- How does Manulife SmartRetire (III) compare with Endowment policies from other insurance companies?
- Can Manulife SmartRetire (III) fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features on Manulife SmartRetire (III). Talk to us or seek advice from a financial adviser before making any decision about Manulife SmartRetire (III).
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
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Where can I compare the payout and benefits of Investment Linked Policies?
Before committing to an insurance policy, it certainly pays to make an effort to compare. Specific product features, benefits, and payout 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 Investment linked Policies.
Alternatively, you just need to provide us with a couple of details below.
Is Manulife SmartRetire (III) 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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