Whole-in-One Prime 3 is a long-term participating life-insurance product with a savings element, supplemented with an option for advance realization of terminal bonus for designated illnesses, and is provided and underwritten by Manulife (International) Limited (incorporated in Bermuda with limited liability). The above provides only general information on this product for your reference only. Please download the product guide now or ask your Insurance/Financial Advisor for a copy which will give you more details about this product including the ‘Important Information’ showing the product risks.

Important notes for Policy Reverse Mortgage Programme - for policy issued in Hong Kong only

Please note that Whole-in-One Prime 3 is an eligible life insurance plan under Policy Reverse Mortgage Programme (‘PRMP’), but it does not necessarily mean that your PRMP application will be approved. The eligibility of this product under the PRMP is based on the features of the product. Therefore, you and your life insurance policy are still required to meet all the eligibility requirements under PRMP before you apply for the policy reverse mortgage loan.

The general information provided on PRMP is for reference only, and you should not make any decisions based on such information alone. Manulife shall not be responsible for the policyowner’s suitability and eligibility to apply for policy reverse mortgage. You should always seek for advice from professional bodies if you have any doubts. Please note that the information provided is subject to change including the eligibility criteria for PRMP. We do not take any responsibility to inform you about any changes and how they may affect you. The PRMP is operated by HKMC Insurance Limited, a wholly-owned subsidiary of The Hong Kong Mortgage Corporation Limited. For further information, please refer to The Hong Kong Mortgage Corporation Limited website: www.hkmc.com.hk.

1. The terminal bonus is not guaranteed. We will review and adjust the terminal bonus at least once a month, but we may do so more often. Please see ‘The main risks affecting the non-guaranteed terminal bonus and the accumulation interest rate of realized terminal bonus’ under the ‘Important Information’ section in the product guide.
2. There may be a delay in making payment when you cash in your policy, exercise the realization option or Body and Mind Advance Benefit, especially during periods when the market is experiencing significant rises and falls in value. The actual amount of the terminal bonus that you can get will only be determined after your request has been processed. Under certain circumstances, for example, if the request is not received by us before our prevailing cut-off time or is not in our prescribed written format, such amount can be lower or higher than the amount of the terminal bonus tentatively indicated to you at the time you submit the request. Please check with us for the prevailing operational rule and latest amount of terminal bonus under your policy before exercising the realization option or Body and Mind Advance Benefit.
3. You can exercise the realization option within 31 days from the realization anniversary (that is, the 15th policy anniversary or every policy anniversary thereafter) as long as the aggregate realization percentage under the policy does not exceed 50%. To exercise the realization option, you must submit a written application in a prescribed format required by us. Once submitted, the application for exercising such option cannot be withdrawn and no realized terminal bonus will be allowed to be reversed. Exercising the realization option will reduce any future terminal bonus.
4. The Body and Mind Advance Benefit can be exercised 1 year after the later of the issue date or the policy year date. Exercising the Body and Mind Advance Benefit may significantly reduce any future terminal bonus (if any). For the avoidance of doubt, the realized percentage of the terminal bonus under Body and Mind Advance Benefit will not count into the aggregate realization percentage under the realization option. Please see the ‘Body and Mind Advance Benefit Provision’ for the definition of the designated illnesses, and the terms and conditions for the Body and Mind Advance Benefit; and ‘Elimination period’ under the ‘Important Information’ section in the product guide.
   
5. Policyowner may request to change the life insured two years after the issue date. When applying for a change of life insured:
   a. the policy shall be inforce without any indebtedness; and
   b. the date of birth of the new life insured must not be later than the issue date and must fulfil the prevailing issue age requirements as determined by the Company from time to time.
   Upon the change of life insured, the policy year date of this policy shall remain unchanged. Nonetheless, the notional amount and ‘Table of Cash Values’ on page 3 of the policy provisions shall be adjusted based on the new life insured’s age, sex, country of residence, residency code, risk classification and any extra premiums due to underwriting on the effective date of the change, subject to the Company’s prevailing policies and procedures, underwriting requirements and regulatory requirements, including but not limited to the maximum and minimum notional amounts and issue age. Hence, the terminal bonus, guaranteed cash value, and subsequent premium due (if any) shall be adjusted accordingly. There could be a case that the notional amount may vary significantly and/or additional premiums and levies thereof (if applicable) may be required. For the avoidance of doubt, the policyowner cannot request to increase the notional amount at anytime. The policyowner may opt to reduce the notional amount by making a partial withdrawal, but such reduction will reduce the subsequent policy value and/ or benefits.
   The time period indicated under the ‘Suicide’ provisions and ‘Incontestability’ provisions shall restart from the effective date of change.
   Acceptance of the new life insured is at the Company’s sole and absolute discretion and will depend upon the insurability of such life insured, including but not limited to the Company’s prevailing policies and procedures, underwriting requirements and regulatory requirements. This service is provided for corporate policyowners. It will be terminated once the policy ownership is changed to a person other than a corporation. For details, please refer to the ‘Change of Life Insured Provision’ in the policy provisions.