Manulife Singapore has introduced the Signature Indexed Universal Life Select (III), an indexed universal life (IUL) insurance solution tailored for high-net-worth individuals (HNWIs) aiming to preserve, grow, and transfer wealth across generations.
The SIULS (III) offers access to five key indices: the S&P 500, S&P PRISM, S&P GSCI Gold ER Index, Hang Seng, and Euro Stoxx 50. It features a fixed account crediting rate of 4.2% per annum and promises a 0% return floor for downside protection, shielding investments against market downturns.
One of its notable features is the automatic premium spread (APS) option, which helps smooth market fluctuations by distributing index allocations over 12 months. From Policy Year 11 onwards, policyholders will receive an interest rate of 0.8% per annum.
Policyholders also have the flexibility to change the life insured up to two years after the policy issue date, providing adaptability to changing circumstances.
This new product is designed to meet the complex wealth management needs of HNWIs in Singapore, offering a combination of investment potential and insurance protection.
