ManuProtect Term (II): Flexible Protection for Your Loved Ones

In today's uncertain world, ensuring your family's financial security is more important than ever. Did you know that 1 in 5 Singaporeans are underinsured , leaving their loved ones vulnerable in case of unexpected events? If you're looking for a flexible and comprehensive term life insurance plan, ManuProtect Term (II) might be the solution you've been searching for.

Get expert advice from 5 different insurance advisors on ManuProtect Term (II) and similar products

ManuProtect Term (II) is a regular premium term life plan offered by Manulife Singapore. It's designed to provide financial protection for your loved ones in the event of your death or terminal illness . What sets this plan apart is its flexibility, allowing you to tailor the coverage to your specific needs and budget.

The basic plan provides coverage for:

1. Death: Your beneficiaries receive a lump sum payout if you pass away during the policy term

2. Terminal Illness: You receive the full sum assured if diagnosed with a terminal illness

With optional riders, you can extend your coverage to include:

3. Total and Permanent Disability: Financial protection if you become totally and permanently disabled

4. Critical Illness: Lump sum payout upon diagnosis of covered critical illnesses

5. Premium Waiver: Future premiums are waived under certain circumstances, such as early-stage critical illness diagnosis

The coverage amount is flexible and can be tailored to your needs. Manulife doesn't specify a maximum coverage limit in the brochure, which suggests that high coverage amounts are possible, subject to underwriting .

The premium for ManuProtect Term (II) varies based on several factors:

• Your age

• Your health condition

• Your smoking status

• The coverage amount you choose

• The policy term you select

• Any additional riders you add

Let's look at an example provided in the brochure:

Travis, a 40-year-old non-smoker, chooses the following coverage:

• ManuProtect Term (II): S$1 million coverage for 25 years

Annual Premium: S$1,029.00

• Total and Permanent Disability Plus Rider (II): S$1 million coverage

Annual Premium: S$115.00

• Critical Care Enhancer Rider (II): S$500,000 coverage

Annual Premium: S$1,494.50

• Early Critical Care Waiver Rider: 25-year term

Annual Premium: S$230.11

Total Annual Premium: S$2,868.61

This example shows how you can customize your coverage and see the cost breakdown for each component.

ManuProtect Term (II) offers a flexible and comprehensive approach to term life insurance . Its range of policy terms, guaranteed renewability for short-term policies, conversion privilege, and optional riders make it a versatile choice for many Singaporeans. The plan's unique features, such as the quit smoking incentive, demonstrate Manulife's commitment to adapting to policyholders' changing needs and lifestyles.

However, as with any financial decision, it's crucial to carefully consider your personal circumstances, long-term goals, and budget before committing to a policy. While ManuProtect Term (II) offers many attractive features, it's important to compare it with other options in the market and consider how it fits into your overall financial plan.

Remember, the best insurance policy is one that provides the right coverage for your needs at a price you can afford . If you're considering ManuProtect Term (II) or exploring other term life insurance options, it's always wise to consult with a qualified financial advisor who can provide personalized recommendations based on your unique situation.

Ready to explore your options further? Don't rely on just one perspective. Get expert insights tailored to your unique needs. Sign up now to receive 5 expert opinions on term life insurance . These professionals will review your specific situation and provide personalized recommendations, helping you make the most informed decision possible.

By consulting with multiple experts, you'll gain a comprehensive understanding of your options and ensure you're choosing the best coverage for your needs and those of your loved ones. Don't leave your family's financial security to chance – get the expert advice you deserve today.