Manulife Philippines has launched Wealth Guarantee Plus, a limited-time, single-payment life insurance plan designed to provide predictable cash income while preserving the policyholder’s initial capital.
The seven-year plan offers guaranteed annual cash payouts of up to 5% of the single premium, with the full premium returned at the end of the policy term. It also provides life insurance coverage throughout the seven-year period.
For example, a customer paying a PHP 3 million single premium can receive PHP 150,000 annually for seven years, while the full PHP 3 million premium is returned at maturity. The policy also provides life insurance coverage equivalent to 125% of the single premium during the seven-year term.
Unlike investment products whose returns can fluctuate with market conditions, the plan’s payouts are guaranteed by the policy, giving customers a defined income stream for financial goals such as education funding, retirement planning, or other long-term expenses.
Wealth Guarantee Plus requires a minimum single premium of PHP 300,000 and is available through Manulife financial advisors nationwide.
Manulife said the product responds to growing demand for financial solutions that provide greater certainty and help individuals maintain financial independence while protecting the wealth they have accumulated.
Rate note: The 5% annual payout applies to single premiums of PHP 3 million and above, while premiums below PHP 3 million receive a 4.75% rate. Guaranteed payouts and premium return are payable while the insured person is living.
