Manulife ManuProtect Decreasing (II) Mortgage Reducing Plan

Manulife ManuProtect Decreasing (II) Mortgage Reducing Plan
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Last Updated on by Tree of Wealth

Manulife’s Mortgage Reducing Term Insurance plans safeguards your mortgage in the event of death/ terminal illness with the option to add Total and permanent disability and Critical Illness coverage

Without further ado, lets dive into the features of this plan:

Product Features and Benefits at a Glance

  • Has a sum assured that will decrease based on the calculated interest rate every year, over the whole policy term.
  • Fixed premium level throughout the whole policy term
  • Has Interest Rate Options ranging of:  1%, 2%, 3%, 4% or 5%
  • Pays a reduced lump sum in the event of Death and Terminal Illness
  • Has the option to cover from 10 years to up to 99 years old with a one year interval in between. Very flexible.
  • Joint-Life application is applicable for 5% discount 

Optional Supplementary Benefit Riders

·         Total and permanent disability

·         Critical illness

Hassle-free Application, No Medical Check-ups Required For ManuProtect Decreasing Lite (II)

·         Available for applicants aged 50 and below

How ManuProtect Decreasing (II) Works

Manulife ManuProtect Decreasing (II) Mortgage Reducing Plan how it works
source: Manulife

What We Like About The Plan

  • Joint-Life application is applicable for 5% discount
  • No Medical Check-ups Required For ManuProtect Decreasing Lite (II) 

Conclusion For ManuProtect Decreasing (II) Term Plan

As with all Mortgage Reducing Term Insurance plans, the suitability of this plan for you will largely depend on your needs and expectations. There are many term insurance plans in the market with many strong Insurers. Which one suits you the most?

To find the most suitable coverage, simply fill in the form below and our friendly licensed FA advisor will get in touch with you. Based on your needs, a custom made solution will be adjusted only addressing your concerns.

No obligations, no hidden fees. All advice are of no charges.

 

 

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