How to Enjoy Life Activities and Preserve Wealth for Future Generations


As American human rights activist Malcolm X once said, “The future belongs to those who shape it today.”

If the past 22 months have taught the world anything, it’s that no one can predict or control the future. While it’s impossible to know what the future holds, you can certainly prepare for it and plan for it – for yourself now and for your future generations.

With Singaporeans living longer and healthier lives, the amount of funds needed to support the golden years will increase. Singapore led the world in life expectancy in 2020 with an expected lifespan at birth of 83.9 years.

For many Singaporeans, CPF savings – and its annuity schemes – form the foundation of their retirement plans. But Singaporeans tend to overlook other ways to improve their financial situation and plan for retirement.

Take, for example, an insurance savings plan that complements investment portfolios and retirement plans.

As inflation fears increase, keeping money in the bank is no longer ideal since inflation rates that exceed low interest rates erode the value of those savings over time. Investing in the financial markets has also become much trickier.

These factors make whole life insurance savings plans that protect against life’s vagaries, while providing a lifelong monthly income stream, a suitable option for one’s financial and retirement plan.

Whole life savings plans have another unparalleled benefit: contributing to the financial well-being of future generations.

Manulife Income Generationthe newest addition to Manulife’s full suite of insurance solutions, is a versatile whole life savings plan that stands out in the market as it provides you with a monthly lifestyle allowance up to age 120 including you and your loved ones can enjoy.

Grow your wealth and enjoy the activities of life

After a short three-year premium payment period, Manulife IncomeGen pays a monthly lifestyle allowance1 from the end of the 49and months of insurance – up to 120 years.

This means you don’t have to wait for the policy to mature to reap the benefits.

The additional monthly income stream will allow you to continue enjoying lifestyle moments now while contributing to your wealth accumulation and preservation goals for your family – benefiting not only you but also the next generation.

Give to loved ones and the next generation

One of the unique features of Manulife Income Generation is the change of insured2 which allows your loved one to be the new policyholder. Together, the Change of Insured option and Policy Assignment mean that you can pass your policy on to your children and even their next generation in its entirety.

The sooner families begin to plan for the accumulation of their wealth, the better prepared they will be to ensure the sustainability of their wealth for future generations.

Protect yourself from the vagaries of life

More than two years into the pandemic, Singaporeans remain focused on their health and financial well-being.

According to the results of the latest Manulife Asia Care survey3among the 58% who plan to take out new insurance over the next 12 months, capitalization/savings insurance (20%), hospitalization cover (16%), wealth/investment insurance (16%) and health insurance (16 percent) topped the list in Singapore.

With Manulife IncomeGen, the insured will be covered in the event of death and terminal illness until age 120. In the event of the accidental death of the insured before the age of 80, there is an additional payment of 50% of the total premiums paid to date. . If the insured becomes totally and permanently disabled during the term of the premium, all future premiums will be waived to help maintain financial goals.

A highly flexible insurance savings plan, Manulife Income will not only complement your current lifestyle, but will also lay the foundation for a solid financial foundation for whatever the future may bring.


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