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Estate Cost Comparison

Demonstrate the value of segregated fund solutions and naming a beneficiary. This easy-to-use calculator compares key segregated and mutual funds costs. It generates a report designed to help clients understand the costs and challenges associated with estate planning.

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Note: The financial advantages of segregated funds will be affected by probate and other applicable fees, rate of return, and the chosen investment period. In some instances, mutual funds may have the advantage. Please contact your Sales Team if you have questions.

Educate your clients about:

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COST
Accounting and legal, estate administration, and probate erode the value of an estate, diminishing the amount of money beneficiaries receive. The proceeds of a segregated fund contract can bypass these fees.

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SPEED
Settling an estate can be lengthy, frequently taking months or even years if the will is challenged. With a named beneficiary other than the estate, death benefit proceeds of a segregated fund contract can pass directly to the beneficiary(ies) and avoid delays.

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PRIVACY
Bypassing the estate, and therefore probate where applicable, can preserve confidentiality as probate is a matter of public record. Payments made to named beneficiaries of an insurance contract do not flow through the estate and are therefore a private matter.1

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CONTROL
Clients can use the Annuity Settlement Option to automatically transfer segregated fund proceeds upon death into an annuity. This approach can specify scheduled payments while providing savings of accounting and legal, estate administration and probate fees, increased privacy and potential creditor protection.

This illustration is for general information only and should not be considered investment or tax advice to any party. Individuals should seek the advice of professionals to ensure that any action taken with respect to this information is appropriate to their specific situation.

 Assumptions

Represents non-registered assets. All values are estimates and for illustration purposes only. For every province, assets are assumed not to be jointly owned with rights of survivorship as this method also allows assets to transfer outside of the estate. The notion of Joint Ownership With Right of Survivorship does not apply in Québec. Projections assume no withdrawals are made during the period illustrated and do not account for taxes on investment income.

 Disclaimer

This illustration is intended for general information purposes only. It should not be construed as legal, accounting, tax or specific investment advice. Individuals should consult a professional advisor concerning their situation and any specific investment matters. While reasonable steps have been taken to ensure that this information was accurate at the time of printing, The Manufacturers Life Insurance Company makes no representation or warranty as to the accuracy of the information and assumes no responsibility for reliance upon it.

The Manufacturers Life Insurance Company is the issuer of insurance contracts containing Manulife segregated funds, and is the guarantor of any guarantee provisions therein. Any amount that is allocated to a segregated fund is invested at the risk of the contractholder and may increase or decrease in value.

Manulife Funds are managed by Manulife Investments, a division of Manulife Asset Management Limited. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Fund Facts as well as the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Manulife, Manulife Investments, the Block Design, and strong reliable trustworthy forward-thinking are trademarks of The Manufacturers Life Insurance Company and are used by it, and its affiliates under license.

 

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