Ideal Segregated Funds Signature Series - Ideal 100/100 Series

  • Product Name

    Ideal Segregated Funds Signature Series

  • Series name

    Ideal 100/100 Series

  • Description

    For contracts sold up to January 9, 2013

  • Product type

    Segregated Fund Contract

  • Original Company

    Standard Life

  • Additional series offered under product

    Ideal 75/100 Series Ideal Income Series

Product snapshot

Fund minimum

Savings plans¹: $250 per fund

Payout plans²: $1,000

Platinum: $5,000 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 January 9, 2013) allowed:

  • Additional premiums to the No‑load option equal to or exceeding $250,000 will be invested into the Platinum No‑load option and benefit from its reduced MER.

PAC deposits

Savings plans¹: $50 per fund

Platinum: $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. Contact head office.

Withdrawals⁴

Savings plans¹: $250 per fund

Payout plans¹

Platinum: $1,000 per fund

Switches⁴

Savings plans¹: $250 per fund

Payout plans²: $1,000 per fund

Platinum: $1,000 per fund


Features

Death guarantee

Savings Plans¹:  Greater of Series Value or 100% of Death Guarantee Value⁶ (75% if the annuitant is 80 years old or older at the time of the first premium payment).

Payout Plans²: Greater of Series Value or 100% of Death Guarantee Value⁶ (75% if the annuitant is 80 years old or older at the time of the first premium payment) less sum of scheduled retirement income payments received since first premium payment or last reset date.

Automatic resets of the Death Guarantee Value every 3 years until Annuitant reaches age 70 (joint life annuitant’s age, if younger). A final reset may occur on the Series Anniversary Date following the Annuitant’s 70ᵗʰ birthday.

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 or last reset date.
  • Up to 2 client‑initiated resets of the Maturity Guarantee Value per calendar year.

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 or last reset date.
  • Dollar‑for‑dollar reductions on scheduled retirement income payment.
  • Up to 2 client‑initiated resets of the Maturity Guarantee Value per calendar year.

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 for Non-Registered plans only

Joint Life Option

Yes


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

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 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

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.  Manulife Investment Management is a trade name of Manulife.

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