This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

New Universal Life Insurance Product Can Lessen Impact Of Market Volatility

Long-term insurance protection and tax-advantaged investing in one simple package.


WATERLOO, ON, April 28, 2014 /CNW/ - Manulife Financial today announced the May 26, 2014 launch of Manulife UL, a new universal life product for Canadians looking for simpler choices, cost-effective insurance protection and the opportunity for tax-advantaged investing, all in one solution.

"Manulife UL is an innovative approach to universal life insurance for Canadians," said Paul Lorentz, Executive Vice President and General Manager, Retail Markets. "Our customers told us they didn't need many of the complicated features and options available in many universal life insurance solutions, so we listened. The result is a simpler and more cost effective solution that includes two unique features not normally available in universal life products - the option to choose a plan that lessens the impact of market volatility and to choose a plan that is geared to their investment preferences."

Manulife UL is designed as a straightforward financial planning vehicle, combining both long-term insurance protection and tax-advantaged investing in one simple package. Specifically, Manulife UL offers:
  • a unique balanced investment account that reduces volatility of market returns;
  • a suite of four cost-effective plans with a range of payment options and investment choices;
  • the potential to build tax-deferred equity and accessible cash value over time;
  • a value-added investment portfolio with the lowest average investment fees in the industry;
  • a selection of investment options geared to customer investment preferences - for those seeking a hands-on experience, or a simpler hands-off approach to reduce ongoing investment decisions.

"We know value and ease-of-use are huge priorities for Canadians and their advisors," said David Baker, Assistant Vice President, Insurance Products, Retail Markets.  "That's why Manulife UL offers customers low-fee options and the choice of managing their own investments or utilizing our innovative hands-off approach, making it easy to find a plan that's right for them."

About Manulife Financial

Manulife Financial is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Clients look to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We also provide asset management services to institutional customers. Funds under management by Manulife Financial and its subsidiaries were approximately C$599 billion ( US$563 billion) as at December 31, 2013. The Company operates as Manulife Financial in Canada and Asia and primarily as John Hancock in the United States.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at

SOURCE Manulife Financial Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.19 -1.04%
FB $118.06 0.54%
GOOG $695.70 0.48%
TSLA $222.56 -4.20%
YHOO $36.00 -0.03%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs