Manulife SmartRetire V Review
he complete Pros and Cons on Manulife SmartRetire V
Manulife SmartRetire V is an investment-linked policy with a focus on retirement planning. Receive a Cost of Insurance Refund upon reaching your chosen retirement age if no protection benefits of the policy were used.
Manulife SmartRetire V product details
- Life Policy – Investment-linked policy
- Premium Payment Term & Options
- 8 Years Flexi 3
- 8 Years Flexi 5
- 12 Years Flexi 8
- Start investing from $300 per month
- Wide Range of Target Retirement Age – choose to receive retirement payouts lump sum or over time from
- Age 40 to 70, 5 year intervals
- Welcome Bonus
- Receive additional units in the first policy year to kickstart your investment
- Loyalty Bonus
- Receive additional units during the accumulation and retirement period for staying invested
- Withdrawal Flexibility
- You can choose to withdraw reinvested dividends free of charge
- Protection for Total Target Retirement Goal
- Protection amount will be bumped up to your total target retirement amount during the accumulation period
- Cost of Insurance (COI) Refund
- COI charged will be refunded if no protection benefits were used before the target retirement age
- Receive a lump sum refund in the form of additional units to boost your investment portfolio
- Death and Total and Permanent Disability (TPD) Coverage
- Be covered against Death or Premium Waivers if diagnosed with TPD
Read about: Investment-Linked Policy: Is it the best option?
Read about: 3 best Investment Linked Policies in Singapore
Features of Manulife SmartRetire V at a glance
Cash and Cash Withdrawal Benefits
- Cash value: Yes
- Cash withdrawal benefits: Yes
Health and Insurance Coverage
- Death: No
- 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
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 on your investments
Read about: 5 ways to beat inflation in Singapore
Manulife SmartRetire V may be suitable if you are looking for
Manulife SmartRetire V may potentially be a good fit if the following matters to you:
- To participate in the long-term financial returns of investing
- A full-forced investment-linked policy with no insurance coverage
- Able to take investment risks and comfortable with financial market volatility.
- Potentially higher financial returns compared to traditional Endowment and Whole Life policies.
- Insurance options without medical underwriting
Read about: An introduction to Investment Linked Policy
NEW Feature: Compare investment-linked policies across insurance companies using the CompareNOW feature on InterestGuru.sg.
Manulife SmartRetire V may not be suitable if you are looking for
Manulife SmartRetire V may potentially be a bad fit if the following matters to you:
- Health and Protection coverage
- High Death and Terminal Illness coverage
- 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.
Further considerations on Manulife SmartRetire V
- How is Manulife or Manulife SmartRetire V investment returns based on historical performance?
- How does Manulife SmartRetire V compare with Endowment policies from other insurance companies?
- Can Manulife SmartRetire V fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features of Manulife SmartRetire V. Talk to us or seek advice from a financial adviser before making any decision about Manulife SmartRetire V.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
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 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 Investment linked Policies.
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Is Manulife SmartRetire V 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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