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Pros and Cons of Manulife InvestReady – Wealth

Manulife InvestReady is an investment-linked insurance plan (ILP) offered by Manulife agents and financial advisors. There are 2 options for this plan – Protect (the standard ILP which combines protection with investment) and Wealth (focuses primarily on growing wealth). This review is about the Wealth option and if you are interested in the Protect option, do click here to read more about it.

Manulife InvestReady

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Manulife InvestReady (Wealth) has nominal coverage with negligible death cover, and most of the premiums are used for investments. Also, to assist you along your investment journey, the plan offers you a Welcome Bonus of up to 90% and loyalty bonuses every 5 years. Another exciting feature is that in the event your plan value falls below the total premium contributions, the loyalty bonuses will be doubled.

Do note that there are charges for the Manulife InvestReady (Wealth) plan though. The 2 main charges being an administrative charge of 0.7% p.a. of account value and a supplementary charge of 1.8% p.a. of the account value for the first 10 years. There is also partial withdrawal charge, premium shortfall charge and surrender charges during the surrender charge period.

Manulife InvestReady (Wealth) is suitable for individuals who are looking to accumulate their wealth using a medium to a long-term plan. The structure of the plan yields maximum benefit in the longer run as liquidity is limited in the earlier years due to partial withdrawal and surrender charges. The minimum investment amount for Manulife InvestReady starts from S$300/month or $3,600/year. The maximum entry age is up to age 72. This plan is only available in SGD currently, and the policy matures at age 99.

Pros of Manulife InvestReady (Wealth)

  • 100% premium allocation from the start
  • Welcome bonus of up to 90%
  • Loyalty bonuses every 5 years with potential to be doubled
  • Automatic fund rebalancing option available

Cons of Manulife InvestReady (Wealth)

  • Charges for first 10 years are higher than similar plans as charges are front-loaded
  • Premium holiday is limited to a maximum of 3 years depending on your plan specifications and can only be taken after 5 years
  • There is partial withdrawal charge and/or premium holiday charge in the early years which limits access to your monies
  • Click here to find out the full list of cons

To view year by year simulations of Manulife InvestReady cash value returns and charges profile

To find out how Manulife InvestReady compares to other plans in the market regarding fees as well as the selection of funds

To learn more about similar plans which DO NOT have any partial withdrawal charge

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Besides Manulife InvestReady – Wealth, you may want to read up the sister version of Manulife InvestReady – Protect here.


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