Taipei - Manulife Taiwan has launched a new universal variable life product called “Quan-Xin-Quan-Li Universal Variable Life (UHL)”. This is a back-end load product that allocates the full premium to investment assets at the start of the policy. The product provides flexible investment options: customers can choose a mandate structure whereby Manulife Asset Management manages the customer’s fund selection, or they can make their own fund selection from a wide range of underlying funds. The two NTD-denominated mandated investment accounts pay an annual target income of 5 per cent or 7 per cent provided certain criteria are met (Note 1). The UHL product allows policyholders to select investment portfolios according to their personal preferences and risk tolerance levels, and is designed to provide life insurance protection and wealth accumulation.
The UHL offers the following key features:1. Combination of Protection and Investment
2. Diversified Investment Portfolio
The UHL offers 165 investment choices including stock and bond funds and ETFs in different currencies. Policyholders can select and switch among the investment options according to individual preferences and risk tolerance levels. In addition, policyholders can select or combine the target payout mandates (the 5 per cent annualized target “Value” payout rate or the 7 per cent annualized target “Growth” payout rate) with other mutual funds and ETFs to meet their needs. For the target payout mandates, Manulife’s professional team will utilize the specially designed asset allocation optimization model to minimize risk with the aim of delivering stable returns.
The minimum single premium is NTD300,000 and policyholders have the option to make regular or ad-hoc top-up premium payments as they see appropriate to diversify investment timing and manage long-term investment returns.3. Free Fund Transfer
Manulife Taiwan introduced the first investment-linked product to the Taiwan market in 2000. With our financial strength, Manulife Taiwan continues to develop forward-thinking products that meet the needs of the Taiwan people, striving to be the most reliable and trustworthy insurance brand in Taiwan.
Note 1: For more information or to download product DM, please browse: http://www.manulife.com.tw/Pages/Product/Product.aspx?PID=95&Type=0
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. In 2012, we celebrate 125 years of providing clients strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We also provide asset management services to institutional customers. Funds under management by Manulife Financial and its subsidiaries were C$500 billion (US$491 billion) as at December 31, 2011. The Company operates as Manulife Financial in Canada and Asia and primarily as John Hancock in the United States.
Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘945’ on the SEHK. Manulife Financial can be found on the Internet at manulife.com.
Manulife Financial, Regional Communications
Tel: (852) 2202-1749