Manulife Retirement / Annuity Plans [2023] | Dollar Bureau


Manulife Retirement / Annuity Plans

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manulife retirement annuity plans

Table of Contents

Despite having many savings and investment plans, Manulife only has 1 retirement / annuity plan – RetireReady Plus II.

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Manulife RetireReady Plus II

A peaceful and secure retirement is probably everybody’s dream. The Manulife RetireReady Plus II is an efficient and flexible retirement plan that will put your retirement worries to rest.

The premium payment term comes with 5 options – Single Premium, 5 years, 10 years, 15 years, or 20 years.

This plan guarantees you a monthly income for 5, 10, 15, 20, or a lifetime once you hit your selected retirement age (50, 55, 60, 65, or 70 years old).

Furthermore, you get to change the payout period anytime before 2 years from your selected retirement age.

For the non-guaranteed portion of your plan, you have the option to receive it as a lump sum or convert it to additional monthly income for yourself.

In times of need, you could temporarily stop regular plan payment. The Manulife RetireReady Plus II also provides a retrenchment benefit where you receive a lump sum payout when the life insured is retrenched.

In terms of coverage, the Manulife RetireReady Plus II provides you 100% of your guaranteed monthly income as coverage if there’s a loss of independence.


  • Choose from 5 premium payment terms – Single, 5, 10, 15, or 20 years
  • Choose from 5 monthly retirement income options – 5, 10, 15, 20, or a lifetime
  • Choose from 5 retirement age – 50, 55, 60, 65, or 70 years old
  • Flexibility to change payout period
  • Option to receive your non-guaranteed portion as a lump sum
  • Premium freeze if needed
  • Retrenchment benefit
  • Coverage against loss of independence


Read our review of the Manulife RetireReady Plus II here.


The mentioned products are summaries of each plan, and there are terms and conditions applied for each of their features.

Although it may look highly attractive, take note that not every plan is suited for you, and not every plan is as attractive as it seems. Thus, it is always advisable for you to conduct your thorough research before deciding to purchase any financial plans for yourself.

Read our best retirement plans in Singapore guide as a start!

If you’re still unsure of what you should be getting for yourself, always engage a trusted financial advisor. This makes sure that your different needs and wants are taken into consideration and plans are recommended based on your unique scenario.

Disclaimer: Each article written obtained its information from reliable sources and should be purely used for informational purposes only. The information provided by Dollar Bureau and its affiliated parties is not meant to be construed as financial advice. Dollar Bureau shall not be held liable for any inaccuracies, mistakes, omissions, and losses incurred should you act upon any information listed on this website. We recommend readers to seek financial planning advice from qualified financial advisors. 

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