Manulife ManuWealth vs HKMC Annuity: Compare a Real Quote Side by Side
Readers search Manulife ManuWealth vs HKMC Annuity expecting two payout tables. Only one of the two publishes one. This tool loads the official HKMC guaranteed monthly amount for your age and sex, then benchmarks whatever a private insurer quoted you against it on payout rate, breakeven age and internal rate of return.
TL;DR
- ManuWealth is a Manulife Singapore savings name. Manulife Hong Kong sells GoldenStart, a single premium whole life immediate annuity announced in April 2026.
- HKMC publishes a guaranteed monthly amount for every entry age from 60 to 85. A 65 year old male putting in HK$2,000,000 receives HK$11,600 a month for life.
- Manulife does not publish a payout table, so type in the figure you were quoted. Nothing on this page invents a Manulife number.
- Monthly income is only half the question. The HKMC Guaranteed Cash Value falls to zero once cumulative payments pass 105 percent of premium, which changes what your estate receives.
Manulife ManuWealth vs HKMC Annuity comparison tool
Your inputs
HKMC accepts applications from age 60 and publishes rates to age 85.
Leave the start age equal to your entry age for an immediate annuity. Push it out to model a deferred one.
This drives the internal rate of return on both sides. It is your assumption, not a forecast.
HKMC Annuity Plan (published)
HK$11,600
per month for life
- Payout rate
- 6.9%
- Breakeven age
- 79.4
- IRR to age 88
- 4.3%
- Cumulative income
- HK$3,201,600
Private insurer quote (yours)
Not entered
Fill in the quote box on the left
- Payout rate
- --
- Breakeven age
- --
- IRR to age 88
- --
- Cumulative income
- --
Type the monthly income an adviser quoted you into the second box and this line will spell out the gap in plain numbers.
Guaranteed Period note: on the HKMC side, cumulative payments reach 105 percent of your premium at about age 80. After that the Guaranteed Cash Value is zero, so no death benefit or surrender value remains.
Next step: model the HKMC side on its own, including its treasury bill and REIT alternatives.
Open the HKMC Annuity Plan calculatorStart from a real scenario
Each card loads its age, sex and premium into the tool above. The headline figure is the published HKMC guaranteed monthly amount for that combination.
Cumulative income by age
A Manulife ManuWealth vs HKMC Annuity chart is only honest if it keeps guaranteed money apart from projected money. Both lines below ignore any non guaranteed bonus.
| Age | HKMC cumulative | Quoted cumulative | Difference |
|---|---|---|---|
| 70 | HK$696,000 | -- | -- |
| 75 | HK$1,392,000 | -- | -- |
| 80 | HK$2,088,000 | -- | -- |
| 85 | HK$2,784,000 | -- | -- |
| 90 | HK$3,480,000 | -- | -- |
| 95 | HK$4,176,000 | -- | -- |
| 100 | HK$4,872,000 | -- | -- |
What each side actually guarantees
Most Manulife ManuWealth vs HKMC Annuity write ups stop at the monthly figure. Structure decides more. Every HKMC row below comes from the official brochure.
| Dimension | HKMC Annuity Plan | Manulife GoldenStart | Best for |
|---|---|---|---|
| Issuer | HKMC Annuity Limited, wholly owned by the Exchange Fund through HKMC | Manulife (International) Limited, a commercial insurer | Government backing: HKMC |
| Who can apply | Hong Kong permanent residents aged 60 or above | Set by the insurer, no public age band published | Non permanent residents: the private route |
| Published payout table | Yes, guaranteed monthly amount for ages 60 to 85, both sexes | Not published. Figures come from an adviser illustration | Comparing before you meet anyone: HKMC |
| Non guaranteed upside | None. The monthly amount is fixed | A non guaranteed terminal bonus sits on top of the guaranteed income | Accepting variability for upside: the private plan |
| Death benefit | Inside the Guaranteed Period only. Once cumulative payments pass 105 percent of premium, nothing is left | Includes a non guaranteed terminal bonus element, payable on death or surrender | Leaving something behind late in life: read both illustrations |
| Liquidity and surrender | Surrender value equals the Guaranteed Cash Value, which falls to zero after the Guaranteed Period. A one time medical withdrawal of up to HK$1,000,000 is allowed | Surrender terms are in the policy provisions, not on the public page | Needing a medical escape hatch: HKMC |
Who the HKMC plan does not suit
- Anyone who is not a Hong Kong permanent resident, or who is under 60. The eligibility rule is hard.
- Anyone who may need the capital back. After the Guaranteed Period there is no surrender value at all.
- Anyone whose main goal is leaving an estate rather than covering their own living costs.
Who a private annuity does not suit
- Anyone who wants to compare offers without talking to a salesperson. Without a published table you cannot.
- Anyone who treats the illustrated total return as a promise. The terminal bonus portion is not guaranteed and is reviewed by the insurer.
- Anyone comparing on headline monthly income alone while ignoring the currency the policy is denominated in.
How we sourced these numbers
Every HKMC figure on this page comes from two official pages. The guaranteed monthly amounts for ages 60 to 85 come from the product brochure. The eligibility, premium band, death benefit, special withdrawal and surrender wording comes from the plan page.
- HKMC Annuity Plan product brochure (PDF), guaranteed monthly annuity payment table
- HKMC Annuity Plan overview, eligibility and policy terms
- Manulife Hong Kong GoldenStart Whole Life Immediate Annuity Insurance Plan product page
- Manulife Hong Kong announcement of the GoldenStart launch, 20 April 2026
- Manulife Singapore savings plans, where the ManuWealth name appears
We deliberately left the Manulife payout column blank rather than filling it with a number from a forum post or a bank flyer. Annuity rates change with the product version and the date you apply, so treat anything here as a starting point and confirm against the current official terms.
Figures on this page were checked against the official sources above on 27 July 2026.
Frequently asked questions
Is ManuWealth actually sold in Hong Kong?
We could not find any product sold under the ManuWealth name on Manulife Hong Kong. The ManuWealth name appears on Manulife Singapore, where ManuWealth Secure is a savings plan with a fixed policy term. If an adviser in Hong Kong quoted you something called ManuWealth, ask which legal entity issues it and which regulator supervises it before you compare the numbers.
Which Manulife plan is the closest match to the HKMC Annuity Plan?
GoldenStart Whole Life Immediate Annuity Insurance Plan, which Manulife Hong Kong announced on 20 April 2026. Like the HKMC plan it takes a single premium and pays a guaranteed monthly income for life, starting from the first monthiversary. Unlike the HKMC plan it is a participating product, so part of the value sits in a non guaranteed terminal bonus.
Does Manulife publish a guaranteed monthly payout table like HKMC does?
No. HKMC prints a guaranteed monthly amount for every entry age from 60 to 85, for both sexes, in its public brochure. Manulife directs readers to ask an insurance adviser for the product brochure and the benefit illustration. That is why this page asks you to type in the monthly figure you were quoted rather than showing a Manulife number we cannot verify.
What does the HKMC Annuity Plan pay a 65 year old male with HK$2,000,000?
HK$11,600 a month for life. The published guaranteed amount is HK$5,800 per month for every HK$1,000,000 of single premium at entry age 65 for a male, an annuity payout rate of 6.9 percent a year. A 65 year old female receives HK$5,300 per million, or HK$10,600 on the same premium.
What is the HKMC Guaranteed Period and why does it matter for my estate?
The Guaranteed Period runs until cumulative guaranteed monthly payments reach 105 percent of the premium. Inside that window your beneficiaries can take the remaining payments or a lump sum. Once the period ends the Guaranteed Cash Value is zero, so there is no death benefit and no surrender value left, even though the monthly income keeps coming for as long as you live.
Can a deferred private annuity ever overtake the HKMC annuity?
Yes, on cumulative income, if the deferred plan pays enough more per month to claw back the years it skipped. The tool marks the exact age where the two cumulative lines cross, and tells you when they never cross before age 100. Whether the crossover matters depends on how long you expect to draw the income, which is the longevity input.
Which one is better for me?
This page does not pick a winner and cannot, because the answer turns on facts we do not have: your health, your other assets, whether you need liquidity, and what your beneficiaries need. What the tool does is put the two sets of numbers on the same scale so you can take a specific question to a licensed adviser instead of a vague one.
Can a non permanent resident buy the HKMC Annuity Plan?
No. Eligibility is stated as Hong Kong permanent residents aged 60 or above. Private insurers set their own underwriting rules, which is one practical reason a reader ends up comparing the two in the first place.
Related retirement income tools
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HK REIT Yield Comparator
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This page is general information, not financial advice, and it is not an offer or a solicitation to buy any insurance product. It does not tell you which plan to choose. Annuity figures change with the product version, your age and sex, and the rate in force on your application date, so always confirm against the current official terms and speak to a licensed insurance intermediary or financial adviser before committing capital. moomoo links on this page are affiliate links.