Get more out of life LIFE PRODUCTS AT A GLANCE

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1 Get more out of life LIFE PRODUCTS AT A GLANCE

2 Get more out of life You know that price is not the only factor you need to consider when choosing the very best life insurance products for your clients. No matter your clients insurance needs family protection, business continuity, estate preservation, managing tax Manulife offers the most comprehensive and innovative range of products, supported by the most effective, value-added services and business tools available in the market today. And our products are all backed by the strength of Manulife Financial. For more than 125 years we have been providing Canadians with reliable and forward-thinking insurance solutions that help them get the most out of life. 21

3 Synergy Synergy It s a life insurance policy, a disability insurance policy and a critical illness insurance policy all rolled into one easy-to-manage and affordable solution. Synergy s unique design offers your clients protection against life s everyday risks: disability, critical illness and early death. With Synergy, your clients can: Protect themselves against the financial impact of loss of income due to injury, illness and premature death Get three policies with only one application, one plan to manage, one amount to pay Address three insurance needs at an affordable price Choose from $100,000 to $500,000 Synergy amount of insurance in a unique pool of money design Plus, when the Synergy solution expires at age 65, if your client hasn t received a critical illness covered condition benefit, they have the option to purchase a Manulife permanent life insurance plan no medical underwriting required (limited to their remaining Synergy amount of insurance and Manulife s issue limits on the product they choose). Designed to meet the needs of middle income Canadians ages 18 to 50, Synergy is ideal for: Mortgage and debt protection Supplementing gaps in group disability, critical illness and life insurance coverage Synergy not only offers solid coverage at an affordable price, your clients get added value: Connect to the one-of-a-kind Health Service Navigator for critical illness health information, support and a medical second opinion service and they don t have to make a claim to use it Customize Synergy with optional riders: Term Insurance rider for added life insurance protection (10 year renewable to age 65) Child Protection rider -life and the Child Protection rider -CI provide additional protection for your clients children, up to age 25 Premiums waived while your client is on claim for disability Easier disability application process: no need to provide occupation class on the application and no supporting proof of income required 3

4 Term Family/Business Term Industry-leading term solutions for your clients' changing needs. With unmatched affordable and flexible multi-life protection, our Family Term and Business Term provide a variety of options to easily customize your clients coverage. When their needs change, they ll have the perfect solution. With Family and Business Term s wide range of flexible, your clients can: Choose from four coverage options (Term-10, Term-20, Term-65 or Term-Life) Insure multiple lives Apply for single, joint or combined coverage Renew at guaranteed rates Convert to equal or less permanent coverage without additional underwriting Add coverage using a wide range of riders Family Term Ideal for individuals and families looking for: Mortgage and debt protection Income replacement Coverage for final expenses Financial security for their family s future Estate planning (Term-Life) Combined coverage for savings on policy costs Healthstyle underwriting for the best premium fit Healthstyle reports for your healthiest clients (Category 1, 2 and 3) Simple Issue Lifecheque for quick and easy access to critical illness insurance Optional riders: Child Protection Total Disability Waiver Accidental Death and Dismemberment Guaranteed Insurability Option Parent Protection 4

5 Business Term Designed for business owners to help minimize disruptions and ensure business continuation. Ideal for: Buy-sell funding Key person or employee coverage Collateral insurance Estate tax coverage Healthstyle underwriting for the best premium fit Combined coverage for savings on policy costs Simple Issue Lifecheque for quick and easy access to critical illness insurance Optional riders: Total Disability Waiver Business Value Protector 5

6 Universal Life InnoVision Universal life that helps your clients maximize their wealth. InnoVision offers amazing flexibility and choice for your clients. This market-leading product combines permanent life insurance and tax-advantaged investment opportunities to provide custom-designed solutions ideal for tax and estate planning. With InnoVision s flexible insurance, your clients can: Leave proceeds from the policy to beneficiaries tax free Choose whether to include the investment portion in the death benefit Select from several riders and enhancers to customize protection Increase (with evidence) or decrease coverage amounts Insure multiple lives at or after issue Easily access the account value of the policy (may be subject to taxation) Plus, with InnoVision s tax-deferred investment options, clients can: Select from over 60 investment accounts to customize their portfolio Choose from two bonus options to earn additional interest or enjoy lower management fees on investment accounts Designed to meet the long-term financial needs of affluent individuals and business owners, InnoVision is ideal for: Retirement and estate planning Wealth creation Income replacement Key person insurance Fair share inheritance Tax deferral and capital gains tax liability Partner/shareholder buyouts Accidental Death Benefit Protection Indexor rider Wealth Enhancer Plus Waiver of Monthly Deductions rider Guaranteed Insurability Option Business Value Protector rider Child Protection rider Term Insurance rider 6

7 UltraVision A simple way to invest. With insurance. UltraVision is a universal life insurance product with a single focus: providing affluent clients with a way to maximize their estate value with a cost-effective alternative to taxable investing. With UltraVision s simplified, investment-focused design, your clients can: Maximize their insurance investing opportunities thanks to automatic insurance adjustments which keep costs low and ensure tax-exempt status Avoid monthly premiums, funding insurance costs through a guaranteed spread rate deducted from the posted interest rate for each investment account Select from over 50 investment accounts, with the ability to move money from one investment to another without tax implications Enjoy tax-advantaged growth on assets within the policy Leave a tax-free death benefit to beneficiaries, including the policy s amount of insurance and the account value with its accumulated growth Ensure the death benefit will be at least 75% of the net deposits made into the policy, regardless of how their investments perform (making withdrawals will reduce the amount of the death benefit guarantee) UltraVision is the perfect solution for your wealthy clients who are under age 65, in good health and who: Have maximized contributions to traditional tax shelters like RRSPs and TFSAs Have a high marginal tax rate Own significant taxable investments Have financial assets to invest that they re not likely to need in their lifetime Aren t looking for a complex UL plan with options and riders just a straightforward plan focused on maximizing tax-deferred cash value accumulation A spread-based UltraVision policy can never lapse, regardless of the investment performance The planned first year deposit ($25,000 minimum) determines the initial amount of insurance The amount of insurance is adjusted each year to maintain its tax-exempt status A minimum of $10,000 in insurance is guaranteed s who make multiple deposits in the first five years of the policy benefit from a discounted spread rate and may qualify for a bonus payment s can withdraw from their policy s cash value at any time ($25,000 minimum must remain; some conditions apply) 7

8 Universal LifeContinued Security UL Affordable insurance for today. Flexibility to add in the future. The difference is its combination of simplicity and flexibility. Security UL provides easy-to-understand and easy-to-manage life insurance protection. Plus, it lets your clients expand their original policy to take advantage of additional at some point in the future. When your clients choose Security UL, they can: Use the InnoVision Advantage Option to add and offered by InnoVision Insure one or more people Access hand-picked quality investment accounts, including a guaranteed minimum interest account Enjoy guaranteed premiums and administration charges Security UL is ideal for younger clients, typically under age 45, who have a need for: Simple and straightforward life insurance protection Comprehensive, combining permanent insurance with tax-advantaged investing Flexibility to enhance in the future, when their needs and financial picture change The InnoVision Advantage Option Available to exercise after the first Security UL policy anniversary and before the 20th anniversary, this option allows clients to: Keep their original Security UL policy and add and offered by InnoVision on an original age basis Access InnoVision s investment account portfolio Add InnoVision s flexible riders and wealth accumulation Select an InnoVision bonus option s must meet all of InnoVision s minimum requirements and will assume the cost of insurance, surrender charges, life and policy fee(s) associated with InnoVision. s earn an interest bonus beginning on the 5th policy anniversary of 0.5% of the average account value over the previous 12 months Optional riders: Total Disability Waiver Guaranteed Insurability Option Business Value Protector Child Protection Term Insurance 8

9 Limited Pay UL The best of both worlds flexibility and guarantees. Limited Pay UL is a universal life plan for people who want to finish paying for their life insurance protection within a certain time period. It offers permanent insurance protection with guaranteed insurance costs, guaranteed cash values and choice of cost of insurance periods. s look to Limited Pay UL to benefit from: Permanent insurance coverage with payments that end within a certain period Guaranteed premiums with a guaranteed payment period (10, 15 or 20 years) Guaranteed cash values and guaranteed minimum interest rates on some investment accounts Flexibility to change the insurance amount, the rider coverage or to add new riders Ability to add various riders to customize coverage Limited Pay UL prospects include: Aging baby boomers who want to leave insurance gifts to children, grandchildren or charity Professionals who want permanent insurance, but want to stop paying premiums before they retire Risk-averse clients who want a guaranteed insurance solution as part of their financial plan s who want permanent insurance with guarantees Limited Pay UL clients can: Increase the length of time they make deposits (with new rates and cash values applied) Switch from 10-year renewable to 20-year renewable term rider coverage Deposit extra money into their policy to maximize wealth accumulation or pay for future insurance costs Optional riders: Total Disability Waiver Business Value Protector Child Protection Term Insurance 9

10 Whole Life Performax Gold Whole life insurance that delivers performance and flexibility to maximize wealth. Performax Gold is fully loaded with high performance and guarantees to help your clients increase their plan values and maximize their wealth on a tax-deferred basis. With Performax Gold s unique, your clients can: Receive an annual Performance Credit guaranteed Build strong long-term value over the life of the policy Benefit from preferred underwriting with Manulife s Healthstyle program Take advantage of the Deposit Option flexibility even if they need to skip payments Pay their plan in 15 years with a quick, guaranteed limited pay option Accelerate guaranteed cash values during early policy years with the Early Cash Value Enhancer rider Make use of a tax-deferred investment account (Accumulation Account) within the policy Designed for individuals, families and business owners looking for: Retirement and estate planning Wealth accumulation / tax deferrals Wealth transfer and gifting to the next generation Educational funding Cash values that can be used as collateral for a bank loan Guaranteed cost of insurance and guaranteed cash values that grow beyond age 100 Guaranteed policy fees that end at 15 years Competitive approach for sub-standard cases, including Deposit Option Built in disability benefit Multi-life (up to 20 lives) coverage using single or joint coverages Optional riders: Early Cash Value Enhancer Business Value Protector Total Disability Waiver Accidental Death Benefit Guaranteed Insurability Option Term Insurance Riders 10 and 20 year renewable Children s Protection 10

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12 Manulife, Manulife Financial, the Manulife Financial For Future logo, the Block Design, the Four Cubes Design, and Strong Reliable Trustworthy Forward-thinking are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license. MK2177E 01/2013