C$ unless otherwise stated
TSX/NYSE/PSE:
MFC SEHK: 945
New offerings reinforce Manulife's commitment
to helping Canadians protect what matters most to them while
preserving a lasting legacy.
TORONTO, Nov. 12,
2024 /CNW/ - Manulife Canada, the country's largest
insurance company, today announced the launch of two innovative
products designed to meet the diverse needs of Canadians and their
families: the 75/100 Segregated Fund Series and Manulife Guaranteed
Issue Life.
75/100 Segregated Fund Series:
- Investment solution that can help Canadians with their estate
planning needs.
- Offers a 75 per cent maturity guarantee and a 100 per cent
death benefit guarantee, ideal for Canadians who want to ensure a
lasting legacy by preserving their assets.
- Competitive pricing and a simplified all-in-fee structure.
- Top-tier fund lineups coupled with automatic annual resets
allow guarantees to lock in market growth.
Manulife Guaranteed Issue Life:
- Increases the accessibility of life insurance for
Canadians.
- A permanent life insurance product with no medical exams or
health questions, ensuring all Canadians, aged 18-65, can have
access to life insurance and protect what is most important to
them.
- Coverage of up to $100,000 for
Canadians aged 18-70, and up to $50,000 for those aged 71-75, surpassing
offerings from other providers.
- Includes Manulife Vitality Go, a behavioural health
program that incentivizes and rewards clients for tracking healthy
activities.
"Segregated funds and permanent life insurance products are
becoming more and more popular because they are accessible,
convenient and most importantly provide Canadians with a coverage
guarantee to help protect what matters most to them," said
Paul Savage, Head of Individual
Insurance, Manulife Canada. "By providing Canadians with more
accessible options, Manulife is doubling down on our commitment to
helping all Canadians save, prepare, and secure their financial
futures."
The launch of the 75/100 Segregated Fund Series and Manulife
Guaranteed Issue Life reinforce Manulife's commitment to
innovation, making more insurance solutions available to more
Canadians.
Click here for more information on the 75/100 Segregated
Fund, and here for information on Manulife Guaranteed Issue
Life.
Any amount that is allocated to a segregated fund is invested at
the risk of the contract holder and may increase or decrease in
value. The Manufacturers Life Insurance Company (Manulife) is the
issuer of insurance contracts containing Manulife segregated funds
and the guarantor of any guarantee provisions therein. Manulife
Investment Management is a trade name of Manulife. Insurance
products are issued by The Manufacturers Life Insurance Company.
The Vitality Group Inc., in association with The Manufacturers Life
Insurance Company, provides the Manulife Vitality program. The
Manulife Vitality program is available with select policies.
Vitality and Vitality Go are trademarks of Vitality Group
International Inc. and are used by The Manufacturers Life Insurance
Company and its affiliates under license. Manulife, Manulife &
Stylized M Design, and Stylized M Design are trademarks of The
Manufacturers Life Insurance Company and are used by it, and by its
affiliates under license.
About Manulife
Manulife Financial Corporation is a leading international
financial services provider, helping people make their decisions
easier and lives better. With our global headquarters in
Toronto, Canada, we provide
financial advice and insurance, operating as Manulife across
Canada, Asia, and Europe, and primarily as John Hancock in the
United States. Through Manulife Wealth & Asset
Management, we offer global investment, financial advice, and
retirement plan services to individuals, institutions, and
retirement plan members worldwide. At the end of 2023, we had more
than 38,000 employees, over 98,000 agents, and thousands of
distribution partners, serving over 35 million customers. We trade
as 'MFC' on the Toronto,
New York, and the Philippine stock
exchanges, and under '945' in Hong
Kong. Not all offerings are available in all
jurisdictions.
For additional information, please visit manulife.com.
SOURCE The Manufacturers Life Insurance Company