Manulife Updates its Universal Life Managed Accounts

Posted on October 2, 2011 and updated February 23, 2012 in Canadian Life Insurance Companies, Insurance Types, Life Insurance Canada News, Manulife Financial, Permanent Insurance 3 min read

 

As of September 24, 2011, Manulife Financial has updated its account portfolio for its Innovision and  UltraVision Universal Life products.

It has added the CI Signature Income & Growth Account along with the Manulife Strategic Income Account. Both are strong performers and both have achieved Morningstar ratings of four and five stars, respectively. The Manulife Strategic Income Account also took home a Canadian Lipper Award in 2011 for best one- and three-year performance in the Global Fixed Income Category.

While additions have been made to the portfolio, so have subtractions. The following managed accounts will no longer be available after September 24, 2011:

  • CI International Balanced Account
  • CI Global Account
  • Trimark Canadian First Class Account
  • Manulife Canadian Core Class Account
  • Manulife International Value Class Account

Some accounts will still be available, but under a different name. See the following list if your account is one going by a new moniker:

Previous Account Name New Account Name
AIM Canadian Premier Class Account Invesco Canadian Growth Class Account
AIM Canadian Balanced Account Invesco Canadian Balanced Account
Manulife Mawer Canadian Equity Class Account Manulife Canadian Investment Class Account
Manulife Mawer Diversified Account Manulife Mawer Diversified Account
Manulife Mawer Global Small Cap Account Manulife Global Small Cap Account
Manulife Mawer U.S. Equity Account Manulife U.S. Equity Account
Manulife Mawer World Investment Class Account Manulife World Investment Class Account
Manulife China Opportunities Account Manulife China Class Account
Trimark Select Growth Account Trimark Global Fundamental Equity Account

Account holders should have already been mailed a notification of the change in August and been informed of the automatic transfer of funds taking place (if no action to do otherwise was requested before September 24th). Account holders had the opportunity to place their funds into one of Manulife’s other available accounts prior to the automatic transfer.

For more information, contact us at 1-866-899-4849.

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