Manulife Life Insurance: Plans, Benefits & How It Works

Manulife Indexed Universal Life (MGIUL)

Manulife Global Indexed Universal Life (MGIUL) is a premium Manulife indexed universal life policy. It is designed for high-net-worth individuals seeking permanent life insurance with long-term cash value growth.

Issued by The Manufacturers Life Insurance Company (Bermuda Branch), the product features flexible premium deposits and assumes investment risk, with interest based on major U.S. market indices, including the S&P 500® and Nasdaq-100®. 

However, the policy value is held in Manulife’s General Account, not directly in the market. You participate in market growth, with a 0% floor on the General Account, as per the contract terms.

This Manulife Global Indexed UL plan is ideal for those looking to combine lifetime protection, wealth accumulation, liquidity, and estate planning within a single solution.

Why Choose Manulife Global Indexed UL?

Manulife Indexed Universal Life is designed for those who want more than traditional life insurance. It combines permanent coverage with flexible premium funding, cash value accumulation, and market-linked growth opportunities. 

The key benefits of this Manulife wealth planning solution include:

• Lifetime Manulife permanent life insurance coverage
• Cash value growth linked to selected market indices
• Guaranteed 0% downside floor on indexed accounts
• Flexible premium payments
• Access to policy value through loans and withdrawals
• Estate and legacy planning support through flexible ownership options

These features make the policy suitable for entrepreneurs, business owners, family offices, and globally mobile policyholders looking to preserve and transfer wealth efficiently.

Key Features at a Glance

How Does Manulife Global Indexed UL Work?

Every premium paid into Manulife Global Indexed Universal Life first covers the applicable policy charges. The remaining amount is then allocated to your chosen interest-crediting account, where it has the potential to grow over time.

Unlike traditional investments, the policy does not buy shares in the stock market. Instead, the interest is credited based on the performance of selected indices. This helps policyholders benefit from market growth, all while protecting accumulated policy value from negative index returns through the guaranteed floor.

As your financial goals evolve, you can change how future premiums are allocated between the available accounts. This aspect gives you greater flexibility over the life of the policy.

Interest Crediting Options of Manulife Wealth Builder

Manulife IUL offers four interest-crediting strategies to suit different investment objectives.

Fixed Account

Offers a declared interest rate with a guaranteed minimum of 1%, making it suitable for those seeking stable and predictable growth

S&P 500® Performance Indexed Account

Links interest crediting to the performance of the S&P 500®, offering 100% participation, a guaranteed 0% floor, and a 24% Index-Performance Multiplier

Nasdaq-100® Performance Indexed Account

Offers market-linked growth based on the Nasdaq-100®, making it suitable for those seeking greater exposure to technology-driven companies while maintaining downside protection

Blended Indexed Account

Combines the S&P 500® and Nasdaq-100® equally, providing diversified exposure across two major U.S. equity indices

Manulife IUL Cash Value & Death Benefits

One of the key advantages of Manulife cash value life insurance is that it allows your policy to build value over time while maintaining lifetime insurance protection.

As the policy grows, you can choose between:

• Level Death Benefit: Pays the Base Face Amount (plus the Return of Premium Rider, if applicable)
• Increasing Death Benefit: Pays the Base Face Amount plus the accumulated policy value, making it suitable for long-term legacy planning

Policyholders may also access accumulated cash value through eligible policy loans or partial withdrawals, subject to policy terms and conditions.

Manulife IUL Optional Riders & Wealth Planning Features

Manulife Universal Life Insurance offers several optional riders that can enhance protection and flexibility for wealth and estate planning.

Some of the key riders include:

• Cash Value Enhancement Rider: Improves early policy liquidity by reducing the impact of surrender charges
• Return of Premium Rider: Increases the death benefit by adding a percentage of eligible premiums paid
• Accelerated Benefit Rider: Allows access to a portion of the death benefit in the event of a qualifying terminal illness
• Change of Insured Rider: Allows the change of the insured person under eligible circumstances, making it useful for business succession and family wealth planning
• Premium Option Plus (POP): Supports flexible premium funding strategies for high-net-worth investors

These features make Manulife Global Indexed UL more than just a Manulife permanent life insurance policy. It can also serve as a flexible Manulife wealth planning solution for individuals looking to protect, grow, and transfer wealth efficiently.