Manulife Singapore has introduced the Signature Indexed Universal Life Select (III), a pioneering insurance solution designed to offer high-net-worth individuals (HNWIs) enhanced growth potential and robust protection amidst economic volatility. This first-in-market product provides access to five globally recognised indices, including the S&P 500, Hang Seng, and Euro Stoxx 50, allowing for extensive portfolio diversification.
The new policy, SIULS (III), is crafted to help HNWIs preserve, grow, and transfer wealth across generations. It features a 0% return floor to protect investments from market downturns and an Automatic Premium Spread (APS) option that smooths market fluctuations by distributing index allocations over 12 months. Thomas Lee, Chief Product Officer of Manulife Singapore, emphasised the importance of resilient financial strategies, stating, “Traditional investment strategies alone may no longer suffice.”
SIULS (III) addresses the increasing demand for diversification and safer assets, as highlighted by a Lombard Odier report indicating that 56% of Singapore’s HNWIs are adopting such strategies. The policy offers competitive returns, with participation rates varying by index and a loyalty bonus of 0.8% per annum from Policy Year 11 onwards. It also includes whole life coverage for death and terminal illness.
The policy’s flexibility allows for premium adjustments and penalty-free withdrawals from Policy Year 11. Policyholders can shift premiums between Fixed and Index Accounts, adapting to market conditions and personal financial goals. This adaptability ensures continued growth potential in unpredictable financial climates.
For more information, visit Manulife Singapore’s website.
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