Whole Life

Whole Life Half Rate

Original line of business: Manulife

Updated on: Dec 11, 2018

Product snapshot

The Half Rate policy is a whole life plan where the premium paid during the first 5 years is half of that payable from year 6 onwards.

Basic product information

Product administration guide: N/A

Sample contract: N/A

Dividend options: Yes

Bonus: N/A

Dividend options

Verify to contract



Premium paying period

The premium paid during the first 5 years is half that payable from year 6 onwards 

Policy fees

Varies, refer to policy contract

Deposit load


Values, loans & withdrawals

Non forfeiture option: Yes

Loans: Yes

Withdrawals: Yes

Non-forfeiture option

Automatic premium loan (APL) 


Loans are available  


Dividend withdrawals are available

Cash value

This policy has guaranteed cash values

Reduced paid up


Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday


Death benefit

Sum insured plus dividends if applicable, minus any loans

Reinstatement period

2 years


No, this is already in a whole life product