Ideal Segregated Funds Signature Series - Ideal 100/100 Series

  • Product Name

    Ideal Segregated Funds Signature Series

  • Series name

    Ideal 100/100 Series

  • Description

    Closed to new contract sales effective January 21, 2013 and to subsequent deposits effective October 28, 2022.

  • Product type

    Segregated Fund Contract

  • Original Company

    Standard Life

  • Additional series offered under product

    Ideal 75/100 Series Ideal Income Series

Product snapshot

Important Information

Closed to new contracts, new premiums, and additional premiums. New PAC arrangements may not be set up and existing PAC arrangements cannot be increased

Age Limits

Additional premiums: age 100 or earlier where required by legislation

Additional premiums are only permitted via an existing PAC agreement and cannot be increased.

Withdrawals⁴

Savings plans¹: $250 per fund

Payout plans¹

Platinum: $1,000 per fund

Switches⁴

Savings plans¹: $250 per fund

Payout plans²: $1,000 per fund

Platinum: $1,000 per fund


Features

Death guarantee

Savings Plans¹:  Greater of Series Value or 100% of Death Guarantee Value⁶ (75% if the annuitant is 80 years old or older at the time of the first premium payment).

Payout Plans²: Greater of Series Value or 100% of Death Guarantee Value⁶ (75% if the annuitant is 80 years old or older at the time of the first premium payment) less sum of scheduled retirement income payments received since first premium payment or last reset date.

Automatic resets of the Death Guarantee Value every 3 years until Annuitant reaches age 70 (joint life annuitant’s age, if younger). A final reset may occur on the Series Anniversary Date following the Annuitant’s 70ᵗʰ birthday.

Maturity guarantee

Savings Plans¹ only:

  • Maturity Benefit Guarantee is equal to the greater of Series Value or 75% of Maturity Guarantee Value⁷ on the Series Maturity Date.
  • Client may change the Series Maturity Date and must be at least 15 years from the date of the first premium payment or last reset date.
  • Up to 2 client‑initiated resets of the Maturity Guarantee Value per calendar year.

Payout guarantee

Payout Plans² only:

  • Payout Benefit Guarantee equal to at least: 75% of Maturity Guarantee Value⁷ paid as income payments over the lifetime of the Series. Series must be in force at least 10 years from 1ˢᵗ premium payment or last reset date.
  • Dollar‑for‑dollar reductions on scheduled retirement income payment.
  • Up to 2 client‑initiated resets of the Maturity Guarantee Value per calendar year.

Income guarantee

N/A

Ability to bypass estate costs

Yes

Potential for creditor protection

Yes

Waiving redemption fees upon death

Yes

Ability to name a successor annuitant

Yes

Ability to name successor owner⁵

Contingent contract holder for Non-Registered plans only

Joint Life Option

Yes

1 Savings plans include: Non‑registered savings plan, TFSA, RSP (including spousal RSP), LIRA, LRSP and RLSP. 2 Payout plans include: RIF (including spousal RIF), LIF, LRIF, Prescribed RIF and RLIF. 3 Platinum No‑load contract minimum must be respected prior to setting up a Systematic withdrawal plan (SWP) 4 Withdrawals and fund switches may result in tax consequences. 5 In the province of Quebec, a successor owner is known as a subrogated policyholder. 6 Death Guarantee Value is equal to the sum of premiums paid less the sum of proportional reductions for prior withdrawals. 7 Maturity Guarantee Value is equal to the sum of premiums paid less the sum of proportional reductions for prior withdrawals.


Fees

Management Expense Ratio (MER)

MERs vary by Fund for more details visit Price and Performance.

Other Fees

Charges may apply for certain transactions including withdrawals and Fund switches.

For additional detail, refer to the Information Folder and Contract documentation.

Load Options

No‑load and Platinum No‑load

Platinum no‑load option requires a minimum of $250,000 per contract

Sales Charge Options %

 

Back‑end load option

Low‑load option

Up to 1 year

6%

3%

1‑2 years

5%

2%

2‑3 years

5%

1%

3‑4 years

4%

0%

4‑5 years

3%

0%

5‑6 years

2%

0%

6‑7 years

1%

0%

7 years or more

0%

0%

Notes:

  • Back-end and low-load options no longer allow new deposits, subsequent deposits, new PAC setups and switches in from other load options. Effective May 26, 2023, existing PACs in these sales charge options will continue to no-load option. Existing investments in back-end and low-load options will remain and the existing sales charge schedule will apply to any withdrawals.
  • There are no withdrawal charges for the No‑load and Platinum No‑load options.
  • Under the Back‑end load and Low‑load options, withdrawal charges are waived for payment of the Death Benefit Guarantee.

Explore our segregated funds


Related materials

Important disclosure

The Manufacturers Life Insurance Company (Manulife) is the issuer of insurance contracts containing Manulife segregated funds and the guarantor of any guarantee provisions therein.  Manulife Investment Management is a trade name of Manulife.

This is a quick reference guide only. For full contract provisions, refer to the product’s Information Folder, Contract & Fund Facts.