GIF Select (original) - 75 Series

  • Product Name

    GIF Select (original)

  • Series name

    75 Series

  • Description

    For contracts sold up to October 2, 2009

  • Product type

    Segregated Fund Contract

  • Original Company

    Manulife

  • Additional series offered under product

    IncomePlus

Product snapshot

Fund minimum

$500 per fund per sales charge option

$2,000 minimum for Manulife Dollar-Cost Averaging Program GIF Select

$100,000 for Elite Pricing1

Subsequent deposits

Minimum $500 per fund per sales charge option

$2,000 minimum for Manulife Dollar-Cost Averaging Program GIF Select

Subsequent deposits equal to or exceeding $1,000,000 will be invested into the Elite option and receive a reduced MER

Minimum investment amounts for Elite Pricing can be met by combining investments in certain situations

PAC deposits

Minimum $50 per fund per sales charge option

Maximum deposit

Deposits greater than $1,000,000 or any subsequent deposit that will cause the market value of the contract to be greater than $1,000,000 require pre-approval. Contact head office.

Withdrawals²

Ad hoc: Minimum $500 per fund per sales charge option

Scheduled: Minimum $100 a month per fund per sales charge option

Switches²

Ad hoc: Minimum $500 per fund per sales charge option

Scheduled: Minimum $100 per fund per sales charge option

Five free switches per year

  • Switches between 75 Series funds (within the same sales charge option) do not affect any of the guarantees
  • Switches from IncomePlus to 75 Series funds are not allowed

Age Limits

Contract Types

Latest Age to Deposit*

Latest Age to Own*

Non-registered, TFSA, LIF, RRIF, LRIF, PRIF, RLIF

90 (For Front-end and Low-load Sales Charge options)

80 (For Back-end Sales Charge option)

100

RRSP, RLSP, LIRA

71**

71**

LIF (pension jurisdictions requiring annuitization at age 80)

71

80

*All dates are as of December 31 of the annuitant’s age shown

**Or latest age to own under the Income Tax Act (Canada)


Features

Death guarantee

Death Benefit Guarantee

75% of deposit value, reduced proportionally by withdrawals 

Maturity guarantee

75% of deposit value, reduced proportionally by withdrawals

Available on December 31 of the annuitant’s 100th year or earlier where required by legislation

Payout guarantee

N/A

Income guarantee

N/A

Ability to bypass estate costs

Yes

Potential for creditor protection

Yes

Waiving redemption fees upon death

Yes

Ability to name a successor annuitant

Yes

Ability to name successor owner³

Non-Registered contracts only

Joint Life Option

No


Fees

Management Expense Ratio (MER)

MERs vary by Fund for more details visit Price and Performance.

Sales Charge Options (Premium Allocation Options)

A sales charge option may be paid at the time of deposit or on a deferred basis depending on the load option chosen.

Refer to Sales Charge Options section for more information.

Other Fees

Charges may apply for certain transactions including withdrawals and Fund switches.

For additional detail, refer to the Information Folder and Contract documentation.

Load Options

Front-end and Front-end Elite

Sales Charge Options %

Fund category
Redemption made during the first 7 years following the date of deposit Redemption Fees – Back-end option

Redemption Fees – Low-load option 

Front-end option   

Front-end Elite pricing

Money Market Fund (excludes a Dollar-Cost Averaging fund)

Year 1

1.50

1.00

0.00 - 5.00

N/A

Year 2 1.50

0.50

Year 3 1.50

0.50

Year 4 1.00

0.00

Year 5 1.00

0.00

Year 6 1.00

0.00

Year 7 0.50

0.00

Year 8 and subsequent years
0.00

0.00

All other funds (Bond, Dividend, Asset Allocation, Balanced, Equity funds and Dollar-Cost Averaging fund)

Year 1 5.50

2.50

0.00 - 5.00

0.00 - 3.00

Year 2 5.00

2.00

Year 3 5.00

1.50

Year 4 4.00

0.00

Year 5 4.00

0.00

Year 6 3.00

0.00

Year 7 2.00

0.00

Year 8 and subsequent years
0.00

0.00

Notes:

  • Back-end and low-load sales charge options no longer allow new deposits, subsequent deposits, new PAC setups and switches in from other sales charges. Effective May 26, 2023, existing PACs in these sales charge options will move to Front-End (0% commission). Switches within the same sales charge option are permitted. Existing investments in back-end or low-load will remain and the existing sales charge schedule will apply to any withdrawals.

Explore our segregated funds


Related materials

Front-end Elite Pricing deposits of $1,000,000 or more receive a reduced MER. Minimum investment amounts for Elite Pricing can be met by combining investments in certain situations. 2 Withdrawals and fund switches may result in tax consequences. 3 In the province of Quebec, a successor owner is known as a subrogated policyholder.

The Manufacturers Life Insurance Company (Manulife) is the issuer of insurance contracts containing Manulife segregated funds and the guarantor of any guarantee provisions therein.

This is a quick reference guide only. For full contract provisions, refer to the product’s Information Folder, Contract & Fund Facts.