Manulife Singapore has launched Signature Indexed Universal Life Select (III), "SIULS (III)", a first-in-market Indexed Universal Life (IUL) solution that offers access to expanded growth potential, extensive global diversification and robust protection.
Designed in response to the latest economic uncertainty, the product caters to high-net-worth individuals (HNWIs) seeking to preserve, grow, and transfer wealth across generations.
The SIULS (III) provides access to five internationally recognised indices – including the S&P 500, S&P PRISM, S&P GSCI Gold ER Index, Hang Seng, and Euro Stoxx 50.
This diversified exposure unlocks attractive upside potential while protecting policyholders from market downturns through a 0% return floor.
Mr Thomas Lee, Chief Product Officer of Manulife Singapore, said “With shifting global trade conditions and increasing financial unpredictability, traditional investment strategies alone may no longer suffice. Having a resilient financial strategy that can withstand market fluctuations and adapt to changing conditions has never been more crucial.
“As the pioneer insurer that introduced IUL solutions in Singapore, we remain committed to empowering our customers with tailored financial solutions. SIULS (III) provides the flexibility and performance needed to navigate market fluctuations while ensuring long-term financial security.”
The SIULS (III) features:
- A first-in-market access to five globally recognised indices, offering broad portfolio diversification. Depending on the chosen index, participation rates can vary. Most indices offer up to 100% index returns, subject to a cap rate.
- 0% return floor for downside protection, shielding investments against market downturns.
- Automatic Premium Spread (APS) option, smoothing market fluctuations by distributing index allocations over 12 months.
- One of the highest loyalty bonuses, rewarding long-term wealth accumulation with 0.8% per annum from Policy Year 11 onwards.
- A legacy for loved ones with protection for death and terminal illness.
- Competitive Fixed Account crediting rate of 4.2% per annum, ensuring stability for risk averse investors.
- Option to change life insured.
- Flexible premium payments, allowing policyholders to adjust contributions to match evolving financial goals.
- Freedom to access your policy value with penalty-free withdrawals from Policy Year 11.
Beyond returns, the SIULS (III) is designed for long-term wealth preservation, providing whole life coverage with customisable premium allocations.
Policyholders can freely shift their premiums between Fixed Index Accounts, and within Index sub-accounts between up to three indices, both at the start and over time with the Account Reallocation option.
They can make these adjustments based on their market outlook or evolving needs, ensuring they are well-positioned to enjoy continued growth even in unpredictable financial climates.