Click here to learn more about your Participating Policy

Dividend Policy–Manulife (International) Limited

In determining the total amount to be distributed to holders of participating policies, the Board of Directors will consider many factors. These include the available excess premiums of such participating policies due to current experience being more favourable than required to fund their guaranteed benefits and related expenses. Trends in the experience of participating policies, participating business and surplus growth, and the need to ensure the continuing financial strength of the Company will also be taken into consideration. The Board of Directors may permit participating policy surplus to accumulated over time.

In the dividend allocation process the Board of Directors will endeavour to achieve reasonable equity between classes of participating policyholders by allocating the amount to be distributed to classes of participating policies in the same proportion as they are considered to have contributed to the distributable amount, take into account that practical limits and prevailing industry practices may apply in some circumstances. The dividend allocation process will also recognize the contractual terms of participating policies, including certain specific classes of participating policyholders that receive either no dividends, or where dividends or the dividend basis are pre-set at policy issue.

To determine the contribution of policy classes to the distributable amounts, participating policies will be grouped into classes with common experience related to factors such as mortality, investment return, expenses, taxes and persistency.

The dividend scales will be established by the Board of Directors from time to time, and will be reviewed annually for all policies. Generally, the Company will distribute dividends annually to all participating policies.

The dividend policy is intended to at all times comply with applicable law and regulatory requirements and accepted actuarial practice in the jurisdictions in which the Company carries on the participating business.

This dividend policy is subject to change from time to time by the Board of Directors, and, if and when changed, may, at the discretion of the Board Directors, become applicable to all then existing participating polices.