KUALA LUMPUR, 15/7/2021 – Manulife Insurance Labuan Limited (MILL), a subsidiary of Manulife Holdings Berhad, recently launched its latest universal life series, Signature Heirloom (VI), a US Dollar-denominated plan that offers high insurance coverage for whole of life and wealth creation.
Signature Heirloom (VI) is tailor-made for high-net-worth-individuals (HNWIs) looking to leave a legacy to their family members. This product can help to grow and protect their wealth, gain estate liquidity, diversify their portfolio, and support business continuity.
This product provides substantial death benefit pay-out primarily with potential policy value accumulation for specific estate planning events such as legacy protection, wealth transfer and preservation and business planning. In addition, this product also provides coverage against Terminal Illness.
HNWIs aged 20 to 80 can sign up for Signature Heirloom (VI) starting with a minimum of USD500,000 coverage. The Minimum Guaranteed Crediting Rate of 1.0% per annum feature for this product would mean that regardless of any market conditions, customers can be rest assured that the interest credited into the policy will not be lesser than 1.0% every year, to help the policy value to grow.