Manulife Savings / Endowment Plans [2023] | Dollar Bureau


Manulife Savings / Endowment Plans

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Manulife savings endowment plans

Table of Contents

Manulife offers 7 savings plans – Manulife Spring, Manulife ReadyBuilder, Manulife ReadyPayout Plus, ManuWealth Secure, Manulife Goal 7, Manulife Ready Life Income, and the Manulife Educate.

Manulife Spring

Manulife Spring

Manulife Spring is a 12-year endowment savings plan. It guarantees you a 100% capital return on plan maturity.

If you need flexibility with finances, this plan is for you. Manulife makes spending and saving doable by giving you a steady growth of your savings over the 12 years. The potential returns of the Manulife Spring are up to 3.32% of your total insured money.

This savings plan offers you the ability to receive yearly payouts so that you can maintain liquidity.

You could also use the amount to make payments for your upcoming regular premiums, or perhaps redeposit the amount to receive interest gains at a non-guaranteed interest rate.

The plan offers you coverage in the event of death, total and permanent disability, and terminal illness with no need for medical underwriting.


  • 100% guaranteed capital returns
  • Up to 3.32% of potential returns
  • Provides you with liquidity through the option of yearly payouts
  • Insurance coverage for death, total and permanent disability, and terminal illness



Manulife ReadyBuilder

Manulife ReadyBuilder

The Manulife ReadyBuilder is a savings plan with more impressive features. It comes with 4 different premium payment periods – 5, 10, 15, or 20 years.

It provides significant flexibility by allowing you to stop regular payments for a year. You also have the option to cash out the money collected in your account whenever needed.

Even better, you could choose a loved one as the secondary owner of your account in the case of an unfortunate event without the need to cancel the plan. Let your loved ones enjoy all the benefits of a mature policy.

The Manulife ReadyBuilder provides guaranteed acceptance with coverage for death and terminal illness. In the scenario of total and permanent disability, your payments are waived while still providing you coverage.

You also get the option to increase the coverage through optional riders available.


  • Choose from 4 options of premium payment periods
  • Flexibility to stop premium payments for a year
  • Flexibility to withdraw cash value when needed
  • Add on a loved one as a secondary life assured
  • Insurance coverage for death and terminal illness


Read our in-depth review of the Manulife ReadyBuilder.


ManuWealth Secure

ManuWealth Secure: Obsolete

The ManuWealth Secure is a savings plan that offers a premium payment period of 2 or 5 years, with a policy term of 13, 15, 20, or 25 years.

You are guaranteed a 100% capital return at the end of the plan and a steady yearly payout at 5% of your sum insured. You also have the chance to earn bonuses if you stick to the plan till its maturity.

There is no medical underwriting needed and you get coverage for death, total and permanent disability, and terminal illness.


  • Choose from a premium payment period of 2 or 5 years
  • Choose a policy term of 13, 14, 20, or 25 years
  • 100% guaranteed capital return
  • Option of 5% yearly payout of the sum insured
  • Coverage for death, total and permanent disability, and terminal illness
  • Possible bonuses upon maturity


Manulife Goal 7

Manulife Goal 7: Obsolete

Need something quick to hasten those gains? The Manulife Goal 7 is the perfect savings plan for you. It is a short 3-year single premium endowment plan with attractive possible cash returns.

You could start with a cash amount of S$10,000 or through your Supplementary Retirement Scheme (SRS) monies.

The Manulife Goal 7 provides a 100% capital guaranteed return. You also get 1.39% of your single premium as yearly income at the end of year 1 to 2. The income adds up to an impressive total of 2.78% over the two years.

You could choose to withdraw the amount or collect them at a non-guaranteed interest to accumulate more wealth.

You also have the chance to gain a 1.39% bonus of your single premium if you wait for the plan to mature, and of course, death coverage of 101% with no need for any medical underwriting.


  • Quickly obtain a potential return of 4.23% over 3 years
  • Single premium payment
  • $10,000 minimum cash or SRS investment
  • Option to withdraw yearly income or reinvest to grow your investment
  • Death coverage at 101% of your single premium
  • Possible 1.39% bonus of your single premium upon maturity


Manulife Readylife income


Manulife Ready Life Income: Obsolete

The Manulife Ready Life Income is a long-term savings plan as it can last for up to 120 years. This plan is excellent if you’re looking to pass on your account to your loved ones in the future.

This is because they allow you to have a secondary life insured that can be changed for up to 3 times! As a parent, you can use this to save for your child, who in turn can transfer the ownership to their kids.

In the 120 years, you get to enjoy a guaranteed (0.95% of sum insured) and non-guaranteed (2.05% of sum insured) yearly income. This will be made available to you by the end of year 5 or 10 of the savings plan.

You get to choose between a 5 or 10 year premium payment period with the option to freeze premium payments for a year.

The Manulife Ready Life Income also provides you death and terminal illness coverage, while allowing you to stop premium payments in the scenario of total and permanent disability.

There is also no need for a medical underwriting as there is a guaranteed acceptance for applicants.


  • Choose from a premium payment period of 5 or 10 years
  • 120-year savings plan for your children and grandchildren
  • Change the secondary life insured for up to 3 times
  • Enjoy yearly income upon the end of the premium payment period
  • Coverage for death and terminal illness
  • 1 year premium freeze option


Manulife Educate

Manulife Educate: Obsolete

You cannot compromise on your children’s education. The Manulife Educate is an education savings plan that ensures you have enough to put your children through further education.

With a 10 year premium payment period, you have the option of receiving 2 sets of yearly guaranteed cash benefits. Firstly, you will have to select the payout age – 18 or 20, for your child to receive this cash benefit.

Before your child reaches the chosen payout age, he/she will receive 2 yearly payments of 5% of the sum insured each.

After the payout age, your child will receive 4 yearly payouts – 40% in the first year, 20% on the others. You could also decide not to receive these payouts and continue collecting the gained interest for other needs.

The Manulife Educate offers death and terminal illness coverage, with the option to get riders that provide premium waivers.

If you let this plan mature without alterations and have no optional riders, The Manulife Educate guarantees a 100% return of your insured sum.

No medical underwriting is required for this plan, and there is a potential bonus upon maturity.


  • 10 year premium payment period to save for your child’s education
  • Option to select a payout age, 18 or 20 years old to receive 6 yearly cash benefits (or accumulate them)
  • Coverage for death and terminal illness
  • Optional riders for premium waivers based on circumstances
  • Potential bonus upon maturity


Manulife ReadyPayout Plus

Manulife ReadyPayout Plus: Obsolete

The Manulife ReadyPayout Plus is another excellent endowment savings plan that offers guaranteed acceptance without medical underwriting. It provides 3 period payment terms – 10, 15, or 20 years, and a policy term of 13, 15, or 20 years.

It guarantees a cash benefit that increases gradually from 2% to 10% of your sum insured throughout your plan.

You could use the amount gained from the interest to make your upcoming regular plan payments, or you could redeposit the amount to receive interest gains at a non-guaranteed interest rate.

The Manulife ReadyPayout plus offers coverage for death and terminal illness, with optional riders to increase its coverage.

In the scenario of permanent and total disability, your premiums are waived while the policy is continued.


  • Choose from 3 period payment terms
  • Choose from 3 policy terms
  • Guaranteed cash benefit that increases from 2% – 10% of sum insured
  • Flexibility to withdraw cash value when needed
  • Insurance coverage for death and terminal illness



Yes, Manulife offers a wide range of savings / endowment plans for you to choose from. The mentioned products are summaries of each plan, and there are terms and conditions applied for each of their features.

Although some of the plans look highly attractive, 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.

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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