Ideal Segregated Funds Signature 2.0 - Ideal 100/100 Series
Product Name
Ideal Segregated Funds Signature 2.0
Description
Closed to new contract sales effective May 16, 2016 and to subsequent deposits effective October 28, 2022.
Product type
Segregated Fund Contract
Original Company
Standard Life
Product snapshot
Important Information |
Closed to new contracts, new premiums and additional premiums. New PAC arrangements may not be set up and existing PAC arrangements cannot be increased |
|---|---|
Withdrawals⁴ |
Ad hoc:
Scheduled (SWP) for Non-Registered plans only:
|
Switches⁴ |
Savings plans¹: $250 per fund Payout plans²: $1,000 per fund Platinum: $1,000 per fund |
Age Limits |
Additional premiums: age 100 or earlier where required by legislation Additional premiums are only permitted via an existing PAC agreement and cannot be increased. |
Features
Death guarantee |
Death Benefit Guarantee is equal to:
|
|---|---|
Maturity guarantee |
Savings Plans¹ only:
|
Payout guarantee |
Payout Plans² only:
|
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 contracts only |
Joint Life Option |
No |
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 to setting up 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.
Fees
Management Expense Ratio (MER) |
MERs vary by Fund for more details visit Price and Performance. |
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Other Fees |
Charges may apply for certain transactions including withdrawals and Fund switches. For additional detail, refer to the Information Folder and Contract documentation. |
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Load Options |
No‑load, Platinum No‑load and F-Class Platinum no-load option requires a minimum of $250,000 per series. |
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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:
- Back-end and low-load options no longer allow new deposits, subsequent deposits, new PAC setups and switches in from other load options. Effective May 26, 2023, existing PACs in these sales charge options will continue to no-load option. Existing investments in back-end and low-load options will remain and the existing sales charge schedule will apply to any withdrawals.
- 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.
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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.