Last Updated on July 9, 2026 by Tree of Wealth

Manulife ManuProtect Term (II) In-Depth Review

Manulife’s ManuProtect Term (II) is an affordable, flexible term life plan designed to work around your budget and protection needs. It covers the essentials — death and terminal illness — at a competitive premium, with the option to build broader protection through riders. But its standout feature is one that few other term plans offer: the Quit Smoking Incentive, which can meaningfully reduce long-term premiums for smokers who successfully quit.

Backed by Manulife, a well-established insurer with a strong global presence, ManuProtect Term (II) is a solid, no-nonsense option for those wanting straightforward, cost-effective protection with room to adapt. In this in-depth review, we break down what it offers, who it suits, and where it falls short.

For a broader comparison against other insurers, see our guide to the Best Term Insurance Plans in Singapore.

Why Do We Need Term Insurance?

Term life insurance plans are designed to provide financial protection for a specified period of time — typically 5 to 30 years, or up to a certain age such as 65, 75, or 85. Here’s why you might need one:

1. To protect your family’s financial future. If you have dependents who rely on your income, a term plan provides a lump-sum payout in the event of death or terminal illness, helping cover immediate expenses, outstanding debts, and ongoing living costs.
2. To cover outstanding debts. If you carry a mortgage, car loan, or other liabilities, a term plan ensures those debts don’t become your family’s burden.
3. To supplement employer-provided coverage. Group life insurance from your employer is often limited and ends when you leave the company. A personal term plan closes that gap.
4. To lock in affordable premiums. Term insurance offers the highest coverage per premium dollar, making it a cost-effective way to secure substantial protection.

Product Features and Benefits at a Glance

• Base coverage for Death and Terminal Illness, with TPD and Critical Illness available as riders.
• Flexible coverage terms — 5- to 10-year Renewable & Convertible terms, or 11- to 40-year Level & Convertible terms, or coverage up to age 65, 75, or 85.
• Affordable entry point — sum assured from as low as S$75,000.
• Quit Smoking Incentive — smokers who quit can move to non-smoker premium rates (detailed below).
• Guaranteed renewability — renew up to age 85 without further medical underwriting.
• Conversion option — convert to another Manulife life plan before age 65 without further underwriting.

The Quit Smoking Incentive

This is ManuProtect Term (II)’s most distinctive feature. Smokers typically pay significantly higher life insurance premiums than non-smokers, reflecting the associated health risks. The Quit Smoking Incentive addresses this directly.

For policies with a sum insured of S$500,000 and above, smokers who provide satisfactory evidence that they have stopped smoking can move to non-smoker premium rates from the fourth policy year onwards. Over the life of a 20- or 30-year policy, this can translate into substantial savings — while also providing a strong financial incentive to quit smoking in the first place.

It’s a rare feature that aligns the insurer’s interests with the policyholder’s health, and for smokers who intend to quit, it can make ManuProtect Term (II) one of the most cost-effective options available.

Flexible Terms and Convertibility

ManuProtect Term (II) offers two main structures to suit different needs:

• Renewable & Convertible (R&C) — 5- to 10-year terms that renew automatically without further medical underwriting, up to age 85. Ideal if you want lower initial premiums and flexibility over your coverage duration.
• Level & Convertible (L&C) — longer terms of 11 to 40 years, or coverage up to age 65, 75, or 85, with level premiums throughout.

Both structures are convertible: before age 65, you can convert your term plan into another Manulife life insurance plan without further medical underwriting. This is valuable if your needs evolve and you later want a plan that builds cash value or offers lifelong coverage.

Additional Supplementary Benefits (Riders) to Enhance Your Coverage

ManuProtect Term (II)’s base plan covers Death and Terminal Illness. You can enhance it with riders, including:

• Total and Permanent Disability (TPD) — provides a payout in the event of total and permanent disability.
• Critical Illness coverage — via Manulife’s critical care riders, extending protection to covered critical illnesses.
• Early Critical Care Waiver — waives future premiums upon diagnosis of a covered early or intermediate-stage critical illness.

These allow you to build comprehensive protection on top of the affordable base plan, tailored to your specific concerns.

What We Like About Manulife ManuProtect Term (II)

• The Quit Smoking Incentive — a rare feature offering real savings for smokers who quit.
• Affordable and flexible — competitive premiums with a low entry sum assured of S$75,000.
• Guaranteed renewability up to age 85 without further underwriting.
• Convertibility to another Manulife life plan before age 65.
• Two flexible structures — Renewable & Convertible or Level & Convertible — to match your needs.
• Backed by an established global insurer.

Manulife ManuProtect Term (II) is suitable for you if you would like:

• Affordable, straightforward term coverage for Death and Terminal Illness, with the option to add TPD and CI.
• A plan that rewards you for quitting smoking with lower long-term premiums.
• The flexibility of renewable or level term structures, both convertible to another plan later.
• Guaranteed renewability up to age 85 without fresh medical underwriting.

It would however be less suitable if:

• You want coverage extending beyond age 85.
• You want inflation protection or the widest possible critical illness coverage.
• You are looking for a plan with guaranteed cash value or an investment component (term insurance has none, though this plan can be converted to one).

Conclusion For Manulife ManuProtect Term (II) In-Depth Review

As with all term life insurance plans, whether ManuProtect Term (II) is right for you depends on your needs and expectations. Its strengths are affordability, flexibility, and the genuinely distinctive Quit Smoking Incentive — making it a particularly strong choice for budget-conscious buyers and, especially, for smokers who intend to quit. There are many capable term plans in the Singapore market — see how it stacks up in our Best Term Insurance Plans in Singapore comparison.

Overall, a term life insurance plan remains one of the most cost-effective ways to protect your loved ones and secure their financial future.

To find the most suitable coverage, simply fill in the form below and our friendly licensed FA advisor will get in touch. Based on your needs, a custom-made solution will be tailored to address only your concerns. No obligations, no hidden fees. All advice is free of charge.