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Manulife Signature Legacy Harvest

Manulife

Category

Whole Life

Coverage

Death

Coverage Term

Whole Life

Overview

Signature Legacy Harvest is USD-denominated participating whole life plan designed for long term wealth accumulation and is intended for intergenerational wealth planning. Plan offers a single premium or 3, or 5 years premium term and covers for the whole of life without a specific end date or maturity date.

Key Features

  • Policy Split Option that enables flexibility in asset planning, by dividing the current policy into 5 new policies.
  • Option to change life insured multiple times after 2nd policy anniversary to meet your needs.
  • Death benefit inheritance option to allow the death proceeds to be spread out from 2 to 10 years instalment to the nominated beneficiaries.
  • Contingent Policy Owner Option
  • Secondary Insured feature that allows the policy to continue upon Insured’s death, for uninterrupted wealth accumulation.
  • Guaranteed issuance with no medical underwriting required
  • Access to cash value via Bonus Realisation Option
  • 85% Day 1 cash value for single premium policies
  • Capital guaranteed at end of policy year 14 for single premium policies

Earn up to 45% commission rebates*

*For eligible insurance plans only

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Understanding Whole Life Plan

Whole life insurance offers coverage for life and is commonly used for protection and legacy planning. This is unlike term insurance that only provides coverage for a specified period. Plans are usually offered on a participating basis and will accumulate cash value, allowing you to cash out should the need arise.

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