Manulife Hong Kong and Macau (Manulife) has launched GoldenStart Whole Life Immediate Annuity Insurance Plan and Thankful Care Personal Accident Insurance Plan - two new solutions designed to help customers strengthen long-term financial preparedness and provide essential accident protection, respectively.
As increasing life expectancy continues to reshape retirement planning, GoldenStart Whole Life Immediate Annuity Insurance Plan (GoldenStart) offers customers a predictable and stable income stream throughout retirement, supporting financial independence while helping address changing living and healthcare needs.
The key features of GoldenStart include:
- Guaranteed lifetime income: Provides guaranteed monthly income for life, commencing from the first monthiversary, enabling customers to convert a single premium into a stable and predictable income stream throughout retirement.
- Long-term growth potential to support evolving goals: Offers growth potential through a non-guaranteed terminal bonus, which may be payable upon policy surrender, policy termination, or upon the death of the life insured.
- Flexible access to policy value for health and recovery needs: Through the Whole Care Benefit, customers may have the option to realise a portion of the available non-guaranteed terminal bonus without surrendering the policy in the event of any of the 14 designated critical illness and mental illness conditions, providing additional financial flexibility during periods of health uncertainty.
- Additional financial protection for serious health challenges: Through the By Your Side Benefit, customers may receive extra annual payments for up to 10 consecutive policy years following a diagnosis of Severe Dementia or Parkinson's Disease before age 80, providing additional financial support alongside potential medical treatment and long-term care expenses.
Alongside GoldenStart, Manulife has also introduced Thankful Care Personal Accident Insurance Plan (Thankful Care), a non-participating whole-life accident insurance plan designed to help customers manage the financial impact of unexpected accidents.
The key features of Thankful Care include:
- Financial protection in the event of serious accidents: Provides financial protection in the event of accidental death, loss of use or dismemberment, and/or total disablement, with benefits payable up to 100% of the notional amount.
- Double indemnity for designated accident events: Offers double payouts for accidental death, loss of use or dismemberment, and/or total disablement if the life insured is injured in a designated accident event, enhancing protection when it matters most.
- Cash benefit for added peace of mind: Includes a Cash Benefit payable under specified circumstances, such as policy surrender, lapse, or non-accidental death of the life insured, with a potential payout of up to 105% of total applicable premiums, based on the number of completed policy years, providing an additional financial buffer.
- Simple application with whole life protection: Features a streamlined application process with no health questions, offering whole-life accident protection with guaranteed premium rates.