NEP Basic - Product Recap 18Q

Which one of the following statements CORRECTLY describes ReadyPayout Plus?

• A participating whole life plan

• A participating endowment plan

• An investment linked plan

• A universal life plan

For ReadyPayout Plus: Which one of the following statement(s) regarding the Guaranteed Cash Benefit (GCB) is True?

• GCB is payable starting from the end of policy year 1

• GCB will be payable yearly at the end of each policy year, until the policy year before the policy maturity

• Customers can choose either to receive or accumulate the GCB

• All of the above

Ready LifeIncome offers:

• Guaranteed Yearly Income

• Non-guaranteed Yearly Income

• Both Guaranteed and Non-guaranteed Yearly Income

• There is no Yearly Income

Which one of the following statements BEST describes the Manulife Goal series?

• Manulife Goal is a series of single premium participating or non-participating endowment plan that provides coverage against Death and Terminal illness.

• Manulife Goal is a series of single premium participating or non-participating endowment plan that provides coverage against Death and critical illness.

• Manulife Goal is a series of single premium participating or non-participating endowment plan that provides coverage against Death only.

• Manulife Goal is a series of single premium participating or non-participating whole of life plan that provides coverage against Death only.

For ReadyBuilder: While the policy is in force, the policy owner can have access to their cash value via ________.

• Partially or fully cash-in (surrender) of the cash value of any accumulated Reversionary Bonus.

• Cash-in (surrender) the policy partially.

• Cash-in (surrender) the policy in full.

• All of the above

The Maturity Benefit of ReadyBuilder will be paid on the policy anniversary immediately after the Primary Life Insured's ________.

• 99th birthday

• 100th birthday

• 120th birthday

• 125th birthday

What are the Minimum Investment Period options for Manulife SmartWealth (II)?

• Until age 99 years

• 3, 5 or 10 years

• 5, 10, 15 or 20 years

• There is no Minimum Investment Period

Which of the following CORRECTLY describes the Welcome Bonus for Manulife SmartWealth (II)?

• It varies by Premium Band and Minimum Investment Period.

• Welcome bonus will be converted into additional units.

• Welcome Bonus is calculated as the first 12 months regular premiums paid (excluding top-up premiums) X welcome bonus rate

• All of the above

For ManuEdu First of Payout age 20 - the 3rd Guaranteed Cash Benefit will be payable on the policy anniversary when the Life Insured turns ____.

• Age 17

• Age 18

• Age 20

• Age 23

What are the MIP options for Manulife SmartRetire (II)?

• 10, 15, 20, 25 or 30 years

• 5, 8, 12, 16 years

• To target retirement age 55, 60, 65 or 70

• To target retirement age minus 5 years