Ideal Segregated Funds Signature Series - Ideal Income Series
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Product Name
Ideal Segregated Funds Signature Series
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Series name
Ideal Income Series
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Description
For contracts sold up to April 16th, 2012
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Product type
Segregated Fund Contract
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Original Company
Standard Life
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Ideal 75/100 Series Ideal 100/100 Series
Additional series offered under product
Product snapshot
Fund minimum |
Savings plans¹: $1,000 per fund Payout plans²: $1,000 per fund Platinum: $5,000 per fund |
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Age Limits |
Additional premiums: age 100 or earlier where required by legislation |
Subsequent deposits |
Existing contracts opened prior to April 16th, 2012 allowed up to a maximum of $25,000 per year |
PAC deposits |
Savings plans¹: $50 per fund Platinum: $1,000 per fund³ |
Maximum deposit |
Maximum of $25,000 per year |
Withdrawals⁴ |
Savings plans¹: $100 per fund Payout plans²: N/A Platinum: $500 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. |
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Maturity guarantee |
Savings Plans¹ only:
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Payout guarantee |
Payout Plans² only:
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Income guarantee |
Guaranteed Lifetime Withdrawal Benefit (GLWB) |
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Guaranteed Withdrawal Balance (GWB)
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Guaranteed Bonus Base (GBB)
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Bonus
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Lifetime Income Date (LID)
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Guaranteed Payment Phase (GPP) If the Series Value drops to zero, and there is a remaining GWB, the Series will enter into the GPP. In this phase, we will continue to provide a LGWA until the death of the Annuitant (or last surviving spouse or common‑law partner, if Joint Life Option). |
Lifetime Guaranteed Withdrawal Amount (LGWA)
Calculated as a percentage of the GWB. |
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Age |
Single life LGWA |
Joint life LGWA |
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55 – 59 |
4.00% |
3.50% |
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60 – 63 |
4.50% |
4.00% |
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64 – 69 |
5.00% |
4.50% |
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70 – 74 |
5.25% |
4.75% |
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75 – 79 |
6.00% |
5.50% |
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80+ |
6.50% |
6.00% |
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Ability to bypass estate costs |
Yes |
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Potential for creditor protection |
Yes |
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Waiving redemption fees upon death |
Yes |
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Ability to name a successor annuitant |
Yes |
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Ability to name successor owner⁵ |
Contingent contract holder for Non-Registered plans only |
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Joint Life Option |
Yes |
Fees
Management Expense Ratio (MER) |
MERs vary by Fund for more details visit Price and Performance. |
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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. |
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Other Fees |
Ideal Income Series Fee charged quarterly in addition to the MER 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 |
Back‑end load, Low‑load, No‑load and Platinum No‑load |
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Sales Charge Options % |
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Back‑end load option |
Low‑load option |
Up to 1 year |
6% |
3% |
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1‑2 years |
5% |
2% |
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2‑3 years |
5% |
1% |
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3‑4 years |
4% |
0% |
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4‑5 years |
3% |
0% |
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5‑6 years |
2% |
0% |
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6‑7 years |
1% |
0% |
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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
Regulatory materials
Important disclosure
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 credit (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.