Manulife Annuity Riders Protect. (Life/Health).Retirement Assets: Boston-based Manufacturers Life Insurance Company of North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , the annuity division of Manulife Financial Manulife Financial (NYSE: MFC, TSX: MFC, SEHK: 945, PSE: MFC), also known as The Manufacturers Life Insurance Company, is a major Canadian insurance company and financial services provider. Corp., has introduced riders for its Venture Annuity. The Guaranteed Retirement Income Program II includes a minimum income payout pay·out n. 1. The act or an instance of paying out. 2. A percentage of corporate earnings that is paid as dividends to shareholders. during retirement of 6% compounded annually on principal, adjusted for payments and withdrawals--even if the performance of the variable underlying investments is lower. If investment performance is higher, that amount is locked in. The cost is 0.45% of income base annually, and a 10-year waiting period applies before the amount guaranteed can be annuitized. The Guaranteed Earnings Multiplier Earnings Multiplier The estimated price-earnings ratio adjusted for the current level of interest rates. Notes: This is yet another variation on the P/E ratio. See also: Earnings, Interest Rates, Price/Earnings Ratio is intended to offset tax on the annuity's death benefit. The beneficiary receives an additional death benefit equal to 40% of the earnings accumulated up to age 69. For clients 70 or older, the rider pays a death benefit equal to 25% of net payment. The cost is 0.2% annually. |
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