|
Manulife Scholar (Education Plan) |
|
|
|
|
|
As
parents, you want the best for your children in every way possible. It
is especially important these days to give them the opportunity for a
university education. A degree will give them a headstart in life.
Scholar helps you to build an education fund for your children.
Features and benefits:
- Provides 3 annual payouts to help ensure sufficient funds throughout the university years.
- Choice
to receive the 1st payout to coincide with your child's university
entry age between 17 and 20. Premium stops once your child enters
university. No premium is required during the payout period.
- Maximise the saving efforts with high yielding returns of 4.66%+.
- With our optional payor benefit, if something unexpected were to happen to you, all your future premiums will be waived.
- Guaranteed
insurability option - within 3 months upon maturity, your child can
take up a Whole Life or Endowment plan at the same sum insured without
evidence of insurability.
|
 |
+Based on a child age 0, sum insured of $100,000 and 20-year premium term. Bonus rates are not guaranteed.
Example of the 3 annual payouts:
Here
is an example of how much your child will receive from Scholar if you
buy him the plan with $50,000 sum insured when he is less than 1. The
first guaranteed payout is available at age 20.
| Age |
% of Sum Insured |
Amount |
| 20 |
40% |
$20,000 |
| 21 |
40% |
$20,000 |
| 22 |
20% + non-guaranteed projected bonuses & interest. |
$10,000 +$51,416 |
| Total (assuming 1st and 2nd payouts are left with the company and accumulate at our prevailing interest rate) |
$101,416 |
Contact us for professional advice about this product.
|
