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  • Surrender / Withdrawal - Manulife Singapore

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SURRENDER / WITHDRAWAL Please remember to... Countersign any amendments Ensure that the appropriate boxes are checked Note that Submission Cutoff time is 3pm And for Corporate Policies Enclose photocopies.

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Take money out of your plan by cheque or by direct deposit to your bank account. If your plan lets you withdraw online, you can take $10,000 or less. For more, use a form.

When we receive a withdrawal request in good order, we process it right away. You will receive your withdrawal by Electronic Funds Transfer (EFT) within 3-5 business days. If you're not set up for EFT, we'll write you a cheque and send it by regular mail.

Withdrawing money or borrowing money from your life insurance policy can reduce your policy's death benefit, while surrendering the policy means you are giving up the right to the death benefit altogether.

Cash Value Withdrawal This is also known as a partial surrender. Unlike a loan, a withdrawal will permanently reduce the death benefit, but there are no interest payments as there are with policy loans. There will, however, be a tax on any withdrawals that exceed the cost basis in the policy.

What if I change my mind after I apply? All our plans have a 30-day money-back guarantee. If you are not completely satisfied, return your policy by mail to Manulife within 30 days of the issue date. We will cancel your coverage and refund any premiums you paid.

Withdrawal fee (equivalent to the redemption fee) – If your employer allows withdrawals, your first withdrawal in a calendar year is free, and you pay a fee of $25 per subsequent withdrawal.

Withdrawal depends on the type of policy you have. Withdrawal from Dividends and Paid-up addition will be applicable to traditional life products, while the Withdrawal from variable life funds will be used for variable life products.

For full surrender of traditional policies Complete the Surrender/Withdrawal Form and submit it to us with below document(s): - Copy of both sides of the NRIC/passport/identity card of the Policyowner, Life Insureds, Trustees and Beneficiaries who signed on the Surrender/Withdrawal Form.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232