Manulife Philippines and Manulife China Bank Life (MCBL) have launched Manulife GoalReady, a peso-denominated variable unit-linked (VUL) insurance plan designed to help customers plan for their future with flexible payment terms, investment choices, and long-term rewards.
The product was developed in response to findings from the Manulife Asia Care Survey, which showed that while many Filipinos remain positive about life, they are uncertain about reaching their personal and financial goals. The survey found a gap between the future people aspire to and what they expect to achieve, particularly in financial security, health, and wellness.
“With life insurance coverage and flexible payment terms, Manulife GoalReady can enable customers to proactively plan toward their desired future, whether it’s preparing for early retirement, funding their children’s education, or building their dream business,” said Rahul Hora, president and CEO of Manulife Philippines.
Manulife GoalReady offers life insurance coverage until age 99, with optional health and protection riders available for added coverage in cases such as disability or hospitalization.
Among its key features are:
- Investment options: Customers can choose from global and local investment funds managed by Manulife Investment Management, including the Global Multi-Asset Income Fund for income generation and the Global Market Leaders Fund for growth and protection.
- Long-term rewards: The plan provides loyalty bonuses starting in the sixth year, with a 1.75% bonus on fund value from years 6 to 10, and additional bonuses from year 11 onward.
- Flexible payments: Customers can select either Regular Pay with a minimum annual premium of ₱24,000 (₱2,000 monthly) or a 5-Pay option starting at ₱60,000 annually (₱5,000 monthly).
The plan also comes with a GoalReady calculator, which helps customers estimate savings needs based on their financial objectives, income protection requirements, and payment preferences.