Manulife LifeReady Plus II
Manulife LifeReady Plus II is a whole life insurance offering you coverage for death, terminal illness, and total permanent disability with the option to enhance your protection up to 5X, till age 70 or 80. You can choose to add premium discount, annual payouts, critical illness, or retrenchment riders and benefits as well.
Insurance Details
- Manulife LifeReady Plus is a whole life insurance offering you coverage for death, terminal illness, and total permanent disability
- Option to enhance your protection up to 5X, till age 70 or 80
- If you are healthy (by Manulife’s standards), you get to enjoy the Health Advantage Benefit’s premium discounts for your first 2 years with the plan, and thereafter if you continue to meet Manulife’s health targets
- At major milestones of your life, namely graduation (tertiary education), marriage, first home, and parenthood, you get to upgrade your coverage
- Choose to add critical illness and early critical illness riders to your plan to get lump-sum payments or premium waivers in the event of a diagnosis
- You have the option to receive your accumulated cash value in annual payouts over 10 years, with additional 5% interest
- You can add a retrenchment benefit to waive your premiums for 6 months in the event you or your spouse has been retrenched or unemployed for 30 days or more
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