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 | About Manulife Guaranteed Investment Funds encore (GIF encore)
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| Manulife's GIF & GIF encore1 provide all the benefits of segregated funds, along with unique characteristics.
GIF encore is designed for people who prefer an "auto-pilot" approach and who value the benefit of an increase in the value of their death benefit guarantee every year, automatically.
| Investment Protection |
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When you invest in GIF encore, you get important investment protection in two ways:
- Every deposit you make has a 10-year deposit maturity period. At the end of this period, you are guaranteed to receive 75 percent of your deposit (for Series 2 funds) or the market value -- whichever is higher.
- If you hold GIF encore investments at the time of the annuitant's death, your beneficiaries are guaranteed to receive 100 percent of your deposit plus four percent simple interest each year. That means that, at the end of 10 years, your death benefit guarantee will be at least 140 percent of your original deposit amount.2
| Your Death Benefit Guarantee Could Be Even Higher |
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Each year, on your anniversary date, your death benefit guarantee is locked-in (or reset) automatically and becomes the greater of:
- The current market value of your deposit;
- Your previous year's death benefit guarantee; or
- The amount of your deposit plus four percent simple interest for each year of the 10-year period. This is the unique "escalating" feature of your death benefit guarantee.
This automatic locking-in or resetting of our death benefit guarantee does not affect your 75 percent maturity guarantee, nor does it extend the maturity date -- so your deposits will always have the opportunity to reach the 10-year maturity date.
| An In-depth Look At The Opportunity |
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Let's say you are 53 years old and you invest in GIF encore on January 2, 2002. You make a $100,000 deposit and you don't make any additional deposits.
Remember that, with GIF encore, the market value of a deposit, the previous year's death benefit guarantee and a four percent simple interest escalation of the guarantee are all factors when it come to determining the value of your death benefit guarantee. And, because of your annual automatic reset, you always get the one that provides the highest amount.
1 GIF and GIF encore Series 1 not available to new contract sales.
2 The escalation stops at age 80 years. Guarantees are proportionately reduced for withdrawals.
*The Manufacturer's Life Insurance Company is the issuer of the Manulife Guaranteed Investment Funds (GIF & GIF encore) contracts and the Manulife Investments Guaranteed Interest Contract (GIC). |
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