Insurance Investments — the facts

Insurance Investments – The facts

Everything advisors should know about insurance investment contracts

This advisor guide provides a full overview for setting up insurance investment contracts issued by Manulife. The aim of this comprehensive reference tool is to reduce the time spent setting up and administering these contracts, freeing up more time to evaluate how these contracts can effectively meet various financial, wealth, and estate planning objectives.

Insurance investments: the facts focuses on Manulife’s current insurance investment products, such as segregated fund contracts, guaranteed interest accounts (GIAs), and annuities. Legacy segregated fund and GIA contracts aren’t dealt with in this guide.

Topics discussed in the guide include:

  • parties to an insurance contact
  • beneficiary designations — why they’re so important and the different types of beneficiary designation
  • creditor protection — why it’s important and how to set up contracts to achieve it
  • use of insurance contracts in trusts for minors and disabled beneficiaries
  • power of attorney in insurance investment transactions
  • probate — what it is, why and when it’s required, including how to avoid it and reduce other estate administration fees.

The last section has detailed charts explaining how to set up the contracts based on tax type (e.g., non-registered, RRSP, TFSA, etc.), and things to consider such as results on death, including tax implications. This guide will be especially useful for advisors who are interested in adding Manulife insurance contracts as part of their estate planning offer. With relevant information at your fingertips, you’ll increase your effectiveness when advising your clients.

New to insurance investment products?

This robust guide provides an overview of all aspects of insurance investments. Whether you’re a new advisor or just need a refresher, the guide has all the information you need to learn more about segregated fund contracts and guaranteed interest accounts, giving you the confidence to discuss these options with your clients.

Helping achieve estate planning goals

Clients spend a lifetime accumulating wealth and want to leave a legacy to loved ones. Setting up insurance investments correctly can be the difference between them achieving their goals and an estate planning catastrophe.

Advisors, this guide is designed as a refence tool to help you and your clients. Reference the guide when discussing contract set-up and estate planning goals, but keep in mind that this piece isn't intended to be given to clients.

If you want to learn more about the estate planning benefits of insurance investment contracts, check out our client-friendly articles:

How do I get my hands on the guide?

The guide is available as a fully interactive digital file and as a full-colour printed booklet. To get a printed copy, contact your Manulife Investment Management sales team.

This guide isn’t intended for investor use. It’s written solely for financial advisors to use.

The commentary in this publication is for general information only and should not be considered investment or tax advice to any party. Individuals should seek the advice of professionals to ensure that any action taken with respect to this information is appropriate to their specific situation. Manulife, Manulife Investment Management, the Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.

MK1164

Tax, Retirement & Estate Planning Services Team

Tax, Retirement & Estate Planning Services Team

Manulife Investment Management

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