One of the best gifts for your children!
In today’s working environment, a quality education is important for your child to have a bright future and a rewarding career. As a parent, you would want to provide the best education for your children.
Manulife Education Protector is a multi-purpose savings and protection plan designed especially for parents who want to systematically save for and protect their children’s financial support for higher education.
SYSTEMATIC SAVINGS FOR 4 YEARS OF HIGHER EDUCATION
Manulife Education Protector provides guaranteed education benefits of 25% of the face amount each year for 4 years. 2 plans are available; “High School Plan” which pays out the education benefits when the child is age 15 to 18 and the “University Plan” which pays out when the child is age 19 to 22. The guaranteed education benefit will help to ensure sufficient fund to see your children through high school or university.
Manulife Education Protector is a multi-purpose savings and protection plan designed especially for parents who want to systematically save for and protect their children’s financial support for higher education.
SYSTEMATIC SAVINGS FOR 4 YEARS OF HIGHER EDUCATION
Manulife Education Protector provides guaranteed education benefits of 25% of the face amount each year for 4 years. 2 plans are available; “High School Plan” which pays out the education benefits when the child is age 15 to 18 and the “University Plan” which pays out when the child is age 19 to 22. The guaranteed education benefit will help to ensure sufficient fund to see your children through high school or university.
Here is an example of the benefits you will receive if you start a “High School Plan” when your child is 1 year old with a face amount of $6,000.
Child's Age
|
% of face amount
|
Payout 1
|
15
|
25%
|
$1,500
|
16
|
25%
|
$1,500
|
17
|
25%
|
$1,500
|
18
|
25% + dividends2 & interest 2
|
$1500 + dividends 2 & interest 2
|
Here is an example of the benefits you will receive if you start a “University Plan” when your child is 1 year old with face amount of $6,000.
Child's Age
|
% of face amount
|
Payout 1
|
19
|
25%
|
$1,500
|
20
|
25%
|
$1,500
|
21
|
25%
|
$1,500
|
22
|
25% + dividends2 & interest 2
|
$1500 + dividends 2 & interest 2
|
1 Any policy loan, outstanding premium and interest will be deducted from the payout.
2 Dividends are declared annually and left on deposit with the Company to accumulate with interest. Dividends are not guaranteed.The interest rate may be reviewed and adjusted by the Company from time to time.
FULFILL YOUR FINANCIAL GOALS
Manulife Education Protector is an integrated savings plan. It aims to safeguard your children’s education fund while supporting your financial goals.
Annual dividends left on deposit with the Company will accumulate with interest, with the option to become ready cash. These dividends are not guaranteed and will be declared annually by the Company.
The guaranteed cash value can be used to take up a policy loan with the Company when needs arise.
Once you receive the first guaranteed education benefit, there will be no more premium payment needed, and your financial obligation will be relieved. The premium is level and guaranteed which make your financial planning easy and manageable.
PROTECT YOUR EDUCATION FUND
The Payor Benefit under Manulife Education Protector provides added security to the education fund for your child. If something unexpected were to happen to you as the Payor of the premium (death or total disability)*, your future premiums will be waived. The policy will continue to be effective and the guaranteed education benefits, accumulated dividends with interest and other benefits will still be paid when due. Your children’s education therefore can still be funded. Knowing your child’s education fund is protected, you can enjoy peace of mind.
(*) The Payor Benefit is subject to definitions, terms and exclusions in the Policy Contract.
COMPREHENSIVE PROTECTION
In case of the insured’s untimely death, the beneficiary will get as death benefits** the face amount less guaranteed education benefits already paid out. In the event of an accidental death, an additional 100% of face amount** reduced by guaranteed education benefits already paid out will also be provided. The payouts will add any accumulated dividends less any outstanding premium and loan with interest
(**) The death benefit and accidental death benefit are subject to the terms and exclusions in the Policy Contract. For insured of age at last birthday of 1, 2 and 3, the death benefit and accidental death benefit payable are 40%, 60%, and 80% of the face amount respectively.
IMPORTANT NOTES AND DISCLAIMER:
Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable (if any) may be less than the total premiums paid. Manulife Education Protector is a life insurance product underwritten by Manulife (Cambodia) PLC. This pamphlet is for reference only. For the exact terms and conditions, please refer to the policy contract. For more information, please contact your Manulife Insurance Advisor or call our Customer Service hotline.
Manulife Education Protector is an integrated savings plan. It aims to safeguard your children’s education fund while supporting your financial goals.
Annual dividends left on deposit with the Company will accumulate with interest, with the option to become ready cash. These dividends are not guaranteed and will be declared annually by the Company.
The guaranteed cash value can be used to take up a policy loan with the Company when needs arise.
Once you receive the first guaranteed education benefit, there will be no more premium payment needed, and your financial obligation will be relieved. The premium is level and guaranteed which make your financial planning easy and manageable.
PROTECT YOUR EDUCATION FUND
The Payor Benefit under Manulife Education Protector provides added security to the education fund for your child. If something unexpected were to happen to you as the Payor of the premium (death or total disability)*, your future premiums will be waived. The policy will continue to be effective and the guaranteed education benefits, accumulated dividends with interest and other benefits will still be paid when due. Your children’s education therefore can still be funded. Knowing your child’s education fund is protected, you can enjoy peace of mind.
(*) The Payor Benefit is subject to definitions, terms and exclusions in the Policy Contract.
COMPREHENSIVE PROTECTION
In case of the insured’s untimely death, the beneficiary will get as death benefits** the face amount less guaranteed education benefits already paid out. In the event of an accidental death, an additional 100% of face amount** reduced by guaranteed education benefits already paid out will also be provided. The payouts will add any accumulated dividends less any outstanding premium and loan with interest
(**) The death benefit and accidental death benefit are subject to the terms and exclusions in the Policy Contract. For insured of age at last birthday of 1, 2 and 3, the death benefit and accidental death benefit payable are 40%, 60%, and 80% of the face amount respectively.
IMPORTANT NOTES AND DISCLAIMER:
Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable (if any) may be less than the total premiums paid. Manulife Education Protector is a life insurance product underwritten by Manulife (Cambodia) PLC. This pamphlet is for reference only. For the exact terms and conditions, please refer to the policy contract. For more information, please contact your Manulife Insurance Advisor or call our Customer Service hotline.
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Ref: https://www.manulife.com.kh/Manulife-Education-Protector