Manulife SG unveils indexed universal life solution for wealth preservation

It promises 0% return floor for downside protection.

Manulife Singapore has launched the Signature Indexed Universal Life Select (III), an indexed universal life (IUL) solution for wealth transfer.

SIULS (III) is designed for high-net-worth individuals (HNWIs) seeking to preserve, grow, and transfer wealth across generations.

It offers access to five indices— the S&P 500, S&P PRISM, S&P GSCI Gold ER Index, Hang Seng, and Euro Stoxx 50. It has a fixed account crediting rate of 4.2% per annum.

It promises 0% return floor for downside protection, which should shield investments against market downturns, Manulife Singapore said.

SIULS (III) also features an automatic premium spread (APS) option, smoothing market fluctuations by distributing index allocations over 12 months.

From Policy Year 11 onwards, policy holders will get an interest rate of 0.8% per annum.

Policyholders also are offered the option to change life insured up to two years after the policy issue date.