Universal Life policy comparison (MK3274E)
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There's a lot to consider when recommending the right universal life insurance solution to your clients. Be confdent you're recommending the right solution, based on your clients' diverse and changing needs. This quick and easy product comparison highlights the key features and advantages of Manulife's comprehensive universal life product suite.
FOR ADVISOR USE ONLY InnoVision and Security UL are registered trademarks of, and are sold by Manulife (The Manufacturers Life Insurance Company). Manulife UL Level Gold Investment Account, Manulife UL YRT Gold Investment Account, Manulife UL YRT Client Investment Select and Manulife UL Level Client Investment Select are trademarks of, and are sold by Manulife. Healthstyles is a registered trademark of Manulife. Manulife, Manulife Insurance, the Block Design, the Four Cube Design, and Strong Reliable Trustworthy Forwardthinking are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affliates license.
Manulife universal life product comparison
THE MANUFACTURERS LIFE INSURANCE COMPANY
Who's it for?
Coverage types Issue ages
Yearly Renewable Term (YRT)
Simple, costeffective life insurance protection designed for clients seeking pure permanent protection, plus, competitive appeal to handson and handsoff investors looking for taxadvantaged investing opportunities with low fees and enhanced returns.
Single, Joint lasttodie (JLTD) (costs to last death)
Single: 30?85 JLTD: 4090
Single: YRT 85 070; YRT 100 080 JLTD: YRT 85 2580 for 1st insured and 2570 for 2nd insured; YRT 100 2580
Cost of Insurance (COI) and minimum face amount
Death benefit types
Gold Investment Account (Gold): Pay to 100: $100,000
Client Investment Select (CIS) 10pay/20pay: $50,000 Pay to 100: $100,000
Face Plus Account Value on each death
Gold Investment Account (Gold) 85: $100,000
Client Investment Select (CIS): $100,000
Face Plus Level
Risk categories Rider options
Term Insurance Rider (10/20 year renewable) Child Protection Rider
Investment options Investment bonus
Gold: Performax Gold Investment Fund (PGIF)
CIS: Savings Account Guaranteed Investment Accounts Balanced Index Accounts Indexed Accounts Managed Accounts
Investment account fees
Additional built-in benefits Policy fee/Life fee Surrender charges
Gold PGIF: 1% (As of March 31, 2017 the fee will be set at 0.5% for all Manulife UL Gold Investment Account policies as we begin to grade into the 1% management fee outlined in the contract)
CIS Managed Accounts: 0% Annual Rate Enhancement:
? Bond Account: 0.25%* ? Equity and Balanced Account: 1%*
* Based on 250 days
Fees for fixed interest and index accounts can be found in the Product and Administrative Guides.
Bereavement counselling assistance, Compassionate Assistance Program, Disability Benefit
% of AV 5
2 3 4 3
4 5 21
8 year traditional surrender charge schedule
Comprehensive, flexible life insurance protection designed for affluent clients who prefer a custom solution that meets their tax and estate planning needs.
Simple, straightforward life insurance protection designed for younger clients who have a need for permanent insurance with taxadvantaged investing today, plus flexibility to enhance their protection in the future, as their needs change.
Single, Joint firsttodie (JFTD), Joint lasttodie (JLTD) (costs to first/last death)
Single: Level 18?85; YRT 85/15 080; YRT100 0?80 JFTD: Level 25?85; YRT 85/15 2580; YRT100 25?80 JLTD: Level (first death) 2585; Level (last death) 25?90; YRT 85/15 25?90; YRT 100 25?80
Level pay to 100: $100,000 YRT 85/15: $100,000 YRT 100: $100,000
Single, Joint firsttodie (JFTD), Joint lasttodie (JLTD) (costs to last death) Single: 0?85 JFTD: 25?85; Joint age: 16?85 JLTD: 25?90; Joint age: 16?85
Level pay to 100: $50,000
Face Plus Level Account value on each death Account value on last death
Term Insurance Rider (10/20 year renewable)
Child Protection Rider Accidental Death Benefit Business Value Protector
Guaranteed Insurability Option Protection Indexor Waiver of Monthly Deductions Wealth Enhancer
Savings Account Guaranteed Investment Accounts Balanced Index Accounts
Portfolio Average Accounts Indexed Accounts Managed Accounts
Term Insurance Rider (10 /20 year renewable)
YRT Term Insurance Rider Child Protection Rider
Savings Account Average GIA Account Balanced Index Accounts
Total Disability Waiver Business Value Protector Guaranteed Insurability Option
Valued Client Bonus (basic and deposit): Policy years 5?19: 0.5% or 1.0% Policy years 20+: 1.25% or 1.75%
Investment Accelerator Bonus: N/A
Managed Accounts: Valued Client: 2% Investment Accelerator: 0%
Policy years 5+: 0.5% N/A
Compassionate Assistance Program, Disability Benefit, Joint Legacy Protector, Survivor's Benefit, Bereavement counselling assistance, InnoVision Advantage Option (Security UL only)
$8 per month/$4 per month
$7 per month/$3 per month
8 year traditional surrender charge schedule, 10 year for WEP
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