Manulife enhances 529 college savings product. (New Products and Services).
Manulife Enhances 529 College Savings Product: The Manufacturers Life Insurance Company (USA) has announced new features to its Manulife College Savings product, a 529 plan. The company's stable-principal portfolio has switched from a money-market fund money-market fund, type of mutual fund that invests in high-yielding, short-term money-market instruments, such as U.S. government securities, commercial paper, and certificates of deposit. to short- and intermediate-term Intermediate-term
Typically one-ten years.
intermediate-term
Of or relating to an investment with an expected holding period somewhere between short-term and long-term. fixed-income funds protected by an insurance wrap to preserve stability of principal.
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