Manulife GIF Investment Account (MLIA) | Manulife Investment Management

Product snapshot
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Product Name

Manulife GIF Investment Account (MLIA)
Description

For contracts sold up to April 30, 2009
Product type

Segregated Fund Contract
Original Company

Maritime Life

Product snapshot

Age Limits	Contract Types	Latest Age to Purchase*	Latest Age to Own*
Fund minimum	$500 per fund per sales charge option
Subsequent deposits	Closed to additional deposits since April 29, 2011
PAC deposits	No new PACs can be established Existing PAC arrangements cannot be increased Minimum $100 per fund per sales charge option
Maximum deposit	N/A
Withdrawals¹	DIA (Daily Interest Account)/GIA (Guaranteed Interest Account): $100 scheduled and unscheduled. Segregated Funds: $500 per Fund or $100 per month scheduled.
Switches¹	Ad hoc: Minimum $500 per fund per sales charge option Scheduled: Minimum $100 per fund per sales charge option Five free switches per year
	Non-registered	80	100
	RRSP, LIRA	71**	71** (but will continue to RRIF/LIF)
	RRIF, LRIF, PRIF	80	No age limit
	LIF^◊ (pension jurisdictions requiring annuitization at age 80)	80	80

1 Withdrawals and fund switches may result in tax consequences.

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

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

◊ In provinces where legislation requires a LIF to be annuitized at age 80, the latest age to purchase is 65

Features

Death guarantee	100% of Deposit Value for Deposits received before the Annuitant attains age 80 80% for Deposits made on or after the Annuitant’s 80th birthday
Maturity guarantees	100% of Deposit Value for Class A Funds (75% for Deposits made in the final 10 years of the Contract; the closing decade) 75% of Deposit Value for Class B Funds Automatic Daily Reset (ADR) Maturity Guarantee is Reset daily for Class A Funds only; Class B Funds are not Reset ADR stops in the closing decade of the contract.
Payout 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 owner²	Non-Registered contracts only
Joint Life Option	No

2 In the province of Quebec, a successor owner is known as a subrogated policyholder.

Fees

Management Expense Ratio (MER)	MERs vary by Fund for more details visit Price and Performance.
Sales Charge Options	The Segregated Funds are only available with a No-load sales charge option and do not incur sales charges, other than early withdrawal fees.
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	No Load only (Class A and Class B)
Other features	N/A
Sales Charge Options %	All MLIA funds are No Load fee option.

Notes:

Back-end fee option within MLIA no longer allows new deposits, subsequent deposits, new PAC setups, PAC increases and switches in from other sales charges. Switches within the same sales charge option are permitted. Existing investments in back-end will remain and the existing sales charge schedule will apply to any withdrawals.

Explore our segregated funds

Explore our segregated funds

Related materials

Regulatory materials

Important disclosure

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.

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