Manulife SmartRetire (V) lets you customize your retirement objective, choose to retire with a lump sum or stream of income.
Get bonuses from your policy in the form of Welcome bonus, as well as yearly Loyalty bonuses (Terms & Conditions apply).
Interestingly, there is a refund of COI (Cost of insurance) when protection benefits are not utilized.
Any reinvested dividends can be freely withdrawn, an added withdrawal flexibility.
Some things to note. This post will get dated. And the product might not be available for new subscriptions at some point. Hopefully this serves as reference for future policyholders who have forgotten what they have taken up.
Manulife SmartRetire (V) may or may not fit into your financial plans. Understand that there is no best plan for all time, but there is a method to objectively facilitate your decisions. Read more about it here.