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 | About Manulife Guaranteed Investment Funds (GIF)
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| Manulife's GIF & GIF encore1 provide all the benefits of segregated funds, along with unique characteristics.
GIF is designed for people who want to take a more active role in the process of securing their investment gains -- with voluntary "resets" -- which are opportunities to lock-in your gains2.
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| Investment Protection |
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When you invest in GIF, you get important investment protection in two ways:
- Every deposit you make has a 10-year deposit maturity period. At the end of this period, you are guaranteed to receive 75% of your deposit (for Series 2 funds) or the market value -- whichever is higher.
- If you hold GIF investments at the time of the annuitant's death, your beneficiaries are guaranteed to receive 100% of your deposit or the current market value of your deposit -- whichever is higher3.
| Benefits Of Voluntary Resets |
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Think of a reset as an opportunity to "push a button" that locks-in your investment gains and provides you with higher maturity and death benefit guarantees. With GIF, you can reset your guarantees when you and your advisor feel that the time is right2.
Essentially, when you reset, you create a new starting point for your guarantees. You also extend the term to maturity by 10 years.
| An In-depth Look At The Opportunity |
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Let's say you are 55 years old and you deposit $100,000 to a GIF contract in Series 2 funds. The deposit maturity date is 10 years later.
But don't forget that, with GIF, you also have the opportunity to reset your guarantees -- effectively locking-in your gains to increase the value of your guarantees.
As you can see, in year three of your investment, the market value of your deposit increased to $135,000 -- so you decided to lock-in your gains by resetting.
When you reset, you establish a new:
- Death benefit guarantee that's higher than the previous one;
- Maturity guarantee that's higher than the previous one; and
- Maturity date, which is ten years after your reset date.
In this example, the results of your reset at year three are:
- An increase of $35,000 in the death benefit guarantee payable upon death; and
- An increase of $26,250 in the maturity guarantee value.
1 GIF and GIF encore Series 1 not available to new contract sales.
2 Two resets per calendar year to age 70; one reset per year from age 70 - 90.
3 A maturity guarantee date may be less than 10 years from the time of your deposit in certain circumstances. Guarantees are proportionately reduced for withdrawals. See your advisor for details.
*The Manufacturer's Life Insurance Company is the issuer of the Manulife Guaranteed Investment Funds (GIF & GIF encore) contracts and the Manulife Investments Guaranteed Interest Contract (GIC). | |
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