Whole-in-One Prime 3

Key Features

• Preserve and grow what you have earned
• Secure the future for your loved ones
• Extra liquidity with realization option and flexible withdrawal options
• Protect the sustainability of your business
• Pass on your wealth to the next generation

Policy Reverse Mortgage Programme

Whole-in-One Prime 3 is an eligible life insurance plan under Policy Reverse Mortgage Programme ('PRMP'), providing you with a stream of steady cashflow for a carefree retirement. For further information, please refer to The Hong Kong Mortgage Corporation Limited website: www.hkmc.com.hk.

Policy Reverse Mortgage Programme – Eligible Life Insurance Plan

Please see the product guide for details

How to Apply

• Call our customer service hotline 2290 8888 for enquiry or visit any of our branches
• Call to enquire the Manulife Customer Service Hotline at 2510 3383

Important Notes:

1. 1. The below is provided to you in the Bank’s capacity as an authorized institution regulated by the Hong Kong Monetary Authority.
      • Whole-in-One Prime 3 is a long term participating life insurance plan with a savings element. Part of the premium pays for the insurance and related costs. The savings element is reflected in the surrender value (also known as ‘cash value’ in policy provisions), which includes guaranteed cash value, non-guaranteed terminal bonus and any accumulated realized terminal bonus. The product is aimed at customers who can pay the premiums for the whole of the premium payment period. As a result, you are advised to save enough money to cover the premiums in the future. You should be prepared to hold this product for the long term to achieve the savings target.
      • Credit Risk - Any premiums you paid would become part of Manulife’s assets and so you will be exposed to Manulife’s credit risk. Manulife’s financial strength may affect its ability to meet the ongoing obligations under the insurance policy.
      • Risk from cashing in (surrender) early - If you cash in the policy, the amount Manulife will pay is the cash surrender value worked out at the time you cash in the policy, less any amount you owe Manulife. Depending on when you cash in your policy (whether in full or part), this may be considerably less than the total premiums you have paid. You should refer to the proposal for the illustrations of the surrender value Manulife projects.
      • You are reminded to refer to the product guide for details of product risks.
   2. The Bank, being registered with the Insurance Authority as a licensed insurance agency, is appointed as an insurance agency of Manulife for the distribution of life insurance products in the Hong Kong Special Administrative Region.
   3. The Bank distributes the product for Manulife and the product is a product of Manulife but not the Bank.
   4. In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between the Bank and the customer out of the selling process or processing of the related transaction, the Bank will enter into a Financial Dispute Resolution Scheme process with the customer.
   5. This webpage is only a reference. You should not base solely on this website to make decision on applying for the product. The risks disclosed above are not exhaustive and you should refer to the product guide, proposal and policy provision for the risk disclosures and exact terms and conditions of Whole-in-One Prime 3, and if in doubt, seek independent professional advice.
   6. This webpage is only for use in Hong Kong Special Administrative Region.

Important notes for Policy Reverse Mortgage Programme (‘PRMP’)

Please note that Whole-in-One Prime 3 is an eligible life insurance plan under 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. Manulife does 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.