April 21, 2020
Manulife Philippines and Manulife China Bank Life (MCBL) have announced that they are giving a special rate of 20% off the first-year premium for select life insurance products, to make coverage more accessible to Filipinos during these trying times.
Customers who avail Manulife’s Seasons 100, Freedom 65 Plus and Freedom 20 Plus, as well as MCBL’s Assure Max, from April 20 to April 30, 2020 are qualified to receive 20% off their first-year premium on both their base insurance plan, as well as any riders that are attachable*.
“The challenges we currently face remind us of our true essentials – family, health, security. We’d like to help Filipinos have the comfort and peace of mind that they are protected, and can provide for their families, even in the event of unexpected illness or loss of life,” said Richard Bates, Manulife Philippines President and CEO. “By making our products more accessible, we hope to help more Filipinos care for those that matter to them most.”
Seasons 100**, which provides coverage until you reach 100, includes guaranteed life insurance protection for the insured, guaranteed cash values which can be borrowed in case of emergencies, and a guaranteed maturity benefit, which is equal to the amount of life insurance coverage the insured would be entitled to upon reaching age 100. You can also choose variants that will give you double the coverage, guaranteed cash payouts, or long-life bonuses at ages past 65.
Meanwhile, Freedom 65 Plus** and Freedom 20 Plus**, provide guaranteed life insurance protection for the insured, guaranteed cash payouts, which can be received on a more regular basis while the insured is still alive, and a guaranteed lump sum cash benefit, which is equal to 100% of life insurance coverage after 20 years or at age 65.
Finally, Assure Max**, MCBL’s life protection plan for up to 20 years or up to age 65, provides a guaranteed life insurance benefit equal to 200% of the basic coverage, guaranteed payouts every 2 years after full payment of premiums as long as insured is alive, and guaranteed lump-sum cash benefit equal to 100% of basic coverage to be given at the end of the coverage period, as long as insured is alive.
* Attachable riders include Accidental Death Benefit (ADB), Hospital Income Benefit (HIB), Maccimax Plan (1, 2, 3 or 4), Term Rider, and Total Disability Waiver (TDW) / Payor’s and Benefit (PB). They also include Enhanced Critical Illness Rider with 60 illnesses for Manulife Seasons 100, Freedom 65 Plus and Freedom 20 Plus, and Enhanced Critical Illness Rider with 35 illnesses for Assure Max 20 and Assure Max 65.
** Specific terms and conditions apply. Please visit https://www.manulife.com.ph/true-essentials
About Manulife Philippines
The Manufacturers Life Insurance Company opened its doors for business in the Philippines in 1907. Since then, Manulife’s Philippine Branch and later The Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife Philippines) has grown to become one of the leading life insurance companies in the country. Manulife Philippines is a wholly-owned domestic subsidiary of Manulife Financial Corporation, among the world’s largest life insurance companies by market capitalization. Learn more about Manulife Philippines and follow them on Facebook (www.facebook.com/ManulifePH), Twitter (@ManulifePH), and Instagram (@manulifeph).
About Manulife
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2018, we had more than 34,000 employees, over 82,000 agents, and thousands of distribution partners, serving almost 28 million customers. As of March 31, 2019, we had over $1.1 trillion (US$849 billion) in assets under management and administration, and in the previous 12 months we made $29.4 billion in payments to our customers. Our principal operations in Asia, Canada and the United States are where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.