• A US Dollar-denominated Universal Life plan for high-net-worth (HNW) individuals and business owners in Malaysia
• Sole company in the country offering such a plan to cater to the HNW market

KUALA LUMPUR, July 15 (Bernama) -- Manulife Insurance Labuan Limited (MILL), a subsidiary of Manulife Holdings Berhad, recently launched its latest universal life series, Signature Heirloom (VI), a US Dollar-denominated plan that offers high insurance coverage for whole of life and wealth creation.

Signature Heirloom (VI) is tailor-made for high-net-worth-individuals (HNWIs) looking to leave a legacy to their family members. This product can help to grow and protect their wealth, gain estate liquidity, diversify their portfolio, and support business continuity.

This product provides substantial death benefit pay-out primarily with potential policy value accumulation for specific estate planning events such as legacy protection, wealth transfer and preservation and business planning. In addition, this product also provides coverage against Terminal Illness.

HNWIs aged 20 to 80 can sign up for Signature Heirloom (VI) starting with a minimum of USD500,000 coverage. The Minimum Guaranteed Crediting Rate of 1.0% per annum feature for this product would mean that regardless of any market conditions, customers can be rest assured that the interest credited into the policy will not be lesser than 1.0% every year, to help the policy value to grow.

“In times of rapid changes to lifestyles, needs and demands, Malaysia’s HNWIs are having greater needs to leave a sustainable legacy for future generations. To date, our subsidiary, MILL is the only company in Malaysia that offers a USD-denominated Universal Life plan to cater to these needs of the HNW market. The Signature Heirloom (VI) plan offers customised insurance solutions to HNWIs to assist them to grow and transfer their wealth to the next generation” said Group Chief Executive Officer of Manulife Holdings Berhad, Vibha Coburn.

As a life insurance company, advocating health and wellness comes hand-in-hand. The Signature Heirloom (VI) includes a unique feature to encourage customers who smoke, to quit smoking by offering ‘Quit Smoking Incentive’ where they can benefit from non-smoker policy charges.

This plan is distributed by Manulife Malaysia’s distribution partners including banks, brokers and independent financial advisory firms. More details on Signature Heirloom (VI) can be found here: https://www.manulifelabuan.com.my/en/labuan/products/signature/protection/signature-heirloom.html?_ga=2.169335652.453245062.1625557267-1617583544.1584441710

About Manulife https://www.manulife.com.my/en/individual/about-us/about-manulife-malaysia.html

SOURCE: Manulife Insurance Berhad

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Asha Devi
Senior Manager, Brand & Communications
Manulife Insurance Berhad
Tel: (603) 2719 9294
Email: asha_devi@manulife.com

--BERNAMA