Ideal Segregated Funds Signature 2.0 - Ideal 75/75 Series

Product Name

Ideal Segregated Funds Signature 2.0

Series name

Ideal 75/75 Series

Description

For contracts sold up to May 16, 2016

Product type

Segregated Fund Contract

Original Company

Standard Life

Additional series offered under product

Ideal 75/100 Series Ideal 100/100 Series

Product snapshot

Fund minimum

Savings plans1: $250 per fund

Payout plans2: $1,000 per fund

Platinum: $5,000 per plan, per fund

Age Limits

 Additional premiums: age 100 or earlier where required by legislation

Subsequent deposits

Closed to all new contracts.

Additional premiums into existing contracts (opened prior to May 16, 2016) are allowed.

Deposit Minimums:

  • Savings plans1: $250 per fund
  • Payout plans2: $1,000 pe fund
  • Platinum: $5,000 per plan, per fund

PAC deposits

Savings plans1 (PAC): $50 per fund

Platinum (PAC): $1,000 per fund3

Maximum deposit

Premiums greater than $10,000,000 or any subsequent premiums that will cause the market value of the contract to be greater than $10,000,000 require pre‑approval.

Withdrawals4

Ad hoc:

  • Savings plans1: $250 per fund
  • Payout plans2: $250 per fund
  • Platinum: $1,000 per plan, per fund

Scheduled (SWP) for Non-Registered savings plan only:

  • $100 per fund
  • Platinum: $500 per fund3

Switches4

Savings plans1: $250 per fund

Payout plans2: $1,000 per fund

Platinum: $1,000 per fund

Features

Death guarantee

Death Benefit Guarantee is equal to:

  • Savings Plans1: Greater of Series Value or 75% of Death Guarantee Value6.
  • Payout Plans6: Greater of Series Value or 75% of Death Guarantee Value5 less sum of scheduled retirement income payments received since first premium payment.

Maturity guarantee

Savings Plans1 only:

  • Maturity Benefit Guarantee is equal to the greater of Series Value or 75% of Maturity Guarantee Value7 on the Series Maturity Date.
  • Client may change the Series Maturity Date and must be at least 10 years from the date of the first premium payment.

Payout guarantee

Payout Plans2 only:

  • Payout Benefit Guarantee equal to at least 75% of Maturity Guarantee Value7 paid as income payments over the lifetime of the Series.
  • Series must be in force at least 10 years from 1st premium payment.
  • Dollar‑for‑dollar reductions on scheduled retirement income payment.

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 owner⁵

Contingent contract holder 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

 Back‑end load, Low‑load, No‑load, and Platinum No‑load and F-Class

Other features

 N/A

Sales Charge Options %

   Back‑end load option

Low‑load option
Up to 1 year 6% 3%
1‑2 years 5%

2%
2‑3 years 5%

1%
3‑4 years 4%

0%
4‑5 years 3%

0%
5‑6 years 2%

0%
6‑7 years 1%

0%
7 years or more 0%

0%

Notes:

  • There are no withdrawal charges for the No‑load, F-Class and Platinum No‑load options.
  • Under the Back‑end load and Low‑load options, withdrawal charges are waived for payment of the Death Benefit Guarantee.

Explore our segregated funds

Related materials

Regulatory materials

1 Savings plans include: Non‑registered savings plan, TFSA, RSP (including spousal RSP), LIRA, LRSP and RLSP. 2 Payout plans include: RIF (including spousal RIF), LIF, LRIF, Prescribed RIF and RLIF. 3 Platinum No‑load contract minimum must be respected prior setting up a Pre‑authorized chequing (PAC) or a Systematic withdrawal plan (SWP). 4 Withdrawals and fund switches may result in tax consequences. 5 In the province of Quebec, a successor owner is known as a subrogated policyholder. 6 Death Guarantee Value is equal to the sum of premiums paid less the sum of proportional reductions for prior withdrawals. 7 Maturity Guarantee Value is equal to the sum of premiums paid less the sum of proportional reductions for prior withdrawals.

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.