1. Apollo Protection Linked Plan (the “Plan”), being an investment-linked assurance scheme, is an insurance policy issued by Manulife (International) Limited (“Manulife” or “we” or “us”). Policyowner is referred to as “you” or “your” throughout the offering documents.

2. The premium you pay, after deduction of any fees and charges applicable to the Plan, will be invested by Manulife in the underlying funds corresponding to your selected investment choices. Your investments are therefore subject to the credit risks of Manulife.

3. The premiums you pay towards the insurance policy will become part of the assets of Manulife. You do not have any rights or ownership over any of those assets. Your recourse is against Manulife only.

4. The investment choices available under the Plan can have very different features and risk profiles. Some may be of high risk. Do not invest in the corresponding investment choices unless you fully understand and are willing to assume the risks associated with them. These instruments can be highly volatile and expose you to a high risk of loss. Please read the offering document of the Plan and offering documents of the underlying funds involved for details, including but not limited to their investment objectives and policies, risk factors and charges, which are made available by Manulife free of charge upon request.

5. The underlying funds of some of the investment choices annotated with “***” under the List of Investment Choices of the Investment Choice Brochure are derivative funds with net derivative exposure exceeding 50% of their net asset value. They may only be suitable for investors who understand the complicated structure of derivative product and the associated risks. You may incur significant loss if investing in such investment choices. You are strongly advised to exercise caution in relation to such investment choices. Please read the offering documents (including the product key facts statements) of the underlying funds for details of risks associated with the underlying funds.

6. Your potential return on investments is calculated or determined by Manulife with reference to the performance of the underlying funds corresponding to the investment choices you selected. Due to the various fees and charges levied by Manulife on the policy, the potential return on the policy as a whole may be lower than the return of the underlying fund corresponding to the investment choices you selected. You are subject to the investment risk.

7. The account value of the policy will be calculated by Manulife with reference to the performance of the underlying funds corresponding to the investment choices you select from time to time and the ongoing fees and charges which will continue to be deducted from the policy. The units of each investment choices allocated to the policy are notional and solely for determining the account value and benefits under the policy.

8. This Plan only provides limited life protection when the age of the life insured exceeds 65. High level of insurance protection will no longer be provided when the age of the life insured exceeds 65 and the amount of death benefit payable may be significantly reduced. For the avoidance of doubt, high level of insurance protection is only available for the death benefit attributable to the regular premium but not the optional lump sum top-up premium.

9. More importantly, you should be aware that cost of insurance (“COI”) is one of the applicable fees and charges which will be deducted from the account value of your policy and will be used to cover the cost of life coverage. The COI may increase significantly during the term of the policy due to factors such as age and investment losses, etc. This may result in significant or even total loss of your premiums paid. Please refer to section 6 Life Coverage and section 12 Fees and Charges of the Product Brochure for details.

10. Early termination, early surrender or partial withdrawal of the policy or premium suspension may result in a significant loss of principal and/or bonuses awarded (if applicable). Poor performance of underlying funds corresponding to the investment choices may further magnify your investment losses, while all fees and charges are still deductible. 

11. The Plan is subject to a surrender charge of up to 40% of the account value for the first eight (8) policy years. It is only suitable for investors who are prepared to hold the investment for a long term period.

12. If you are not prepared to hold your policy for at least ten (10) years, the Plan is not suitable for you and it may be cheaper to purchase an insurance policy and make separate fund investments. You should seek independent professional advice. 

13. Please note that your policy will be terminated in the event of failure to pay outstanding regular premium due during the mandatory contribution period in full upon expiration of the grace period, in which the policy will be subject to surrender charge. The policy surrender proceeds will be the account value less any applicable surrender charge and any welcome bonus claw-back amount. After the mandatory contribution period and during the premium payment period, the policy will automatically enter a premium suspension when we do not receive regular premium in full by the respective premium due date as long as the account value is sufficient to cover the monthly deduction due, in which the policy remains in force.

14. Investment involves risks. You should not purchase this Plan unless you understand it and it has been explained to you how it is suitable for you. The final decision is yours. 

15. You should not invest solely based on the information in this website. Please read the offering document of the Plan for details including the risk factors, charges and features of the product.

This webpage is issued by Manulife (International) Limited.