Manulife InvestReady Wealth II Review (Updated)

NOTE: Manulife InvestReady Wealth II is no longer available and has been replaced by Manulife InvestReady (III)

Manulife InvestReady Wealth II is an investment-linked insurance policy purposed to meet investment diversification needs with access to over 100 funds.

Flexible to vary the regular basic premium after the MIP for MIP 3 years, 5 years, and 10 years. You have the flexibility to change the regular basic premium after policy year 1, policy year 3, and policy year 10 for MIP 3 years Flexi, 10 years Flexi, and 20 years Flexi respectively.

Manulife InvestReady Wealth II product details

• Life Policy – Investment-linked policy
  
  

Premium Payment Options

• Minimum Investment Period (MIP); you can choose to pay premiums for:
  • 3 years (renewable), 5 years (renewable), 10 years
  • 3 years Flexi (renewable), 10 years Flexi, 20 years Flexi
• Minimum Premium Payable
  • MIP 3 Years: S$1,000 per month
    MIP 5 Years: S$1,000 per month
    MIP 10 Years: S$300 per month
    MIP 3 Years Flexi: S$20,000 or US$20,000 per year
    MIP 10 Years Flexi: S$500 per month
    MIP 20 Years Flexi: S$200 per month
• Additional premium top-ups
  • Minimum SGD or USD $2,500, no top-up charge
    
    

Wealth Accumulation

• Welcome Bonus
  • Receive a welcome bonus boost to your investment in form of additional units
• Full Force Investments
  • All of your regular basic premiums will be put into purchasing funds
• Loyalty Bonus
  • Enjoy yearly loyalty bonuses after the end of your chosen MIP
• Regular Payouts
  • You can choose to invest in dividend-paying funds to get a regular stream of income
• Portfolio Diversification
  • With over 100 funds in-store, build a portfolio that’ll conquer your financial goals
    
    

Protection

• Insurance Coverage
  • Be covered against death and terminal illness at a higher of 101% of your total basic premiums paid or account value
• Flexibility
  • Enjoy the flexibility in changing your regular basic premium, perform partial withdrawals, and top-up additional funds at any time
• Optional add-ons
  • Early Critical Care Waiver rider
  • Critical Care Waiver rider
  • Cancer Care Waiver rider
    
    

Read about: How does Investment-Linked Policy work?

Read About: Investment-Linked Policy: Is it the best option?

Features of Manulife InvestReady Wealth II 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
Critical Illness Waiver coverage
Cancer Waiver coverage
Payor Benefit

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

Manulife InvestReady Wealth II may be suitable if you are looking for

Manulife InvestReady Wealth II 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 InvestReady Wealth II may not suitable if you are looking for

Manulife InvestReady Wealth II 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

Further considerations on Manulife InvestReady Wealth II

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

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

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

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

Read About: 6 Best Investment Linked Policies in Singapore for Wealth Accmulation (Updated)

Is Manulife InvestReady Wealth II suitable for me?