Since the launch of Manulife Life Insurance (Universal Type), many friends have wanted to know whether this product is excellent.

Then take this opportunity to evaluate this product and find out what protection content it has and whether it is suitable for insurance? Friends who are interested should not miss such important content!

For those who don’t know the difference between whole life insurance and term life insurance, you may wish to read this article first:

"What is the difference between term life insurance and whole life insurance?" Senior sister will tell you in this article! 》

1. How about Manulife Life Insurance (Universal Type)?

The rules remain unchanged. The senior sister will provide you with the insurance diagram of this product. You can take a look at it first:

1. Insurance rules

From above As can be seen from the picture, Manulife Life Insurance (Universal Type) provides lifelong protection.

As far as payment methods are concerned, this product supports single payment of premiums, additional premiums and transfer-in premiums, which is very reasonable. Among them, single premium means that the insured pays the entire premium in one lump sum when taking out insurance.

More information about single-payment premiums has been compiled in this article. Interested friends can read:

"What does single-payment mean?" What are the benefits? 》

At the same time, Manulife Insurance Life Insurance (Universal Type) only provides 3 exemption clauses. The disclaimer essentially means what protection the insurance company does not provide and what responsibilities it does not assume.

Therefore, if there are no differences in other conditions, the fewer exemption clauses, the lower the threshold. Compared with similar products on the market that have 5 or 7 disclaimer clauses, the number of disclaimer clauses stipulated in this product is relatively small.

2. Protection content

Let’s take a look at the protection content. Manulife Life Insurance (Universal Type) has a death benefit.

If the insured dies unfortunately and meets the requirements, the insurance company will pay the death insurance benefit and interest based on the effective insured amount at the time of the death of the insured as agreed.

It is worth noting that the effective insured amount of the contract is the policy account value and basic insured amount multiplied by the benefit coefficient corresponding to the insured’s age (100% for those aged 17 and below, and 100% for those aged 18-40). The larger value is 160%, 140% for those aged 41-60, and 120% for those aged 61 and above.

In addition to covering death insurance benefits, Manulife Life Insurance Whole Life Insurance (Universal Type) also has a universal account with a minimum guaranteed interest rate of 2%. However, compared with similar products on the market with minimum guaranteed interest rates of 2.5% or 3%, the minimum guaranteed interest rate of this product is relatively average.

In terms of policy rights, this product supports policy loans and partial collection of account value according to the contract.

Policy loan is a very practical benefit. If the policyholder's financial situation is in crisis, and if the conditions are met, he or she can apply for a loan from the insurance company in accordance with the contract to alleviate income difficulties. As long as the loan and interest are repaid according to the date set in the policy, the policy will have no impact and will remain valid.

Due to limited space, I will introduce Manulife Life Insurance Whole Life Insurance (Universal Type) here first. If you want to know more details, you can read the evaluation article of the expert version:

"Is Manulife Lifestyle Whole Life Insurance (Universal) good? You will understand after reading this...》

2. Is Manulife Life Insurance (Universal Type) worth buying?

Overall, the performance of Manulife Life Insurance (Universal Type) is not good enough. Although there are fewer exemption clauses and various payment methods, it only covers death protection and does not provide total disability protection. In addition, the guaranteed interest rate is low, only 2%.

You must know that there are many whole life insurance products with excellent performance on the market. You may wish to compare the same type of products on the market before choosing the best one.

Write it at the end

I am a top scholar who talks about insurance, focusing on objective, professional and neutral insurance evaluation;

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