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 payable during the first five policy years is half the premium payable thereafter for life

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