Manulife Financial Corporation
) has broadened its retirement product portfolio as Manulife
Investments introduced Manulife RetirementPlus. Manulife
Investments is the brand name of certain Canadian subsidiaries
and operating divisions of Manulife Financial.
Manulife RetirementPlus is meant for that group of the
population which is five to fifteen years away from their
The product has been designed in such a way so as to provide
the triple benefits of savings, preservation and
The product carries a flexible contract which will provide the
customers with savings growth through equity participation which
will tap in the benefit of rising interest rate. They also have
an option of getting a guaranteed lifetime income.
The product consists of three stages. In the first stage,
called the savings phase, the customers will get full benefit of
equity market, while at the same time they will get the benefit
arising of rising interest rates. The second phase called the
preservation phase will enable customers get a future guaranteed
income.The final and the third stage allow customers to draw
their retirement income from the age of 50.
The plan will be made available to the customers from Oct 28,
This initiative by the company reflects its efforts to grow
the Canadian retirement business segment. Along with product
diversification, the company has expanded its distribution reach
by welcoming new advisors, extending existing relationships and
enhancing support to its distribution partners.
Manulife currently retains a Zacks Rank #3 (Hold).
Other players offering a broad range of retirement products
Prudential Financial Inc.
Sun Life Financial Inc.
) among others.
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MANULIFE FINL (MFC): Free Stock Analysis
PRUDENTIAL FINL (PRU): Free Stock Analysis
SUN LIFE FINL (SLF): Free Stock Analysis
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