Back to top

Analyst Blog

Manulife Financial Corporation (MFC - Analyst Report) has broadened its retirement product portfolio as Manulife Investments introduced Manulife RetirementPlus. Manulife Investments is the brand name of certain Canadian subsidiaries and operating divisions of Manulife Financial.
 
Manulife RetirementPlus is meant for that group of the population which is five to fifteen years away from their retirement age. 
 
The product has been designed in such a way so as to provide the triple benefits of savings, preservation and income. 
 
The product carries a flexible contract which will provide the customers with savings growth through equity participation which will tap in the benefit of rising interest rate. They also have an option of getting a guaranteed lifetime income. 
 
The product consists of three stages. In the first stage, called the savings phase, the customers will get full benefit of equity market, while at the same time they will get the benefit arising of rising interest rates. The second phase called the preservation phase will enable customers get a future guaranteed income.The final and the third stage allow customers to draw their retirement income from the age of 50.
 
The plan will be made available to the customers from Oct 28, 2013 onwards.
 
This initiative by the company reflects its efforts to grow the Canadian retirement business segment. Along with product diversification, the company has expanded its distribution reach by welcoming new advisors, extending existing relationships and enhancing support to its distribution partners.
 
Manulife currently retains a Zacks Rank #3 (Hold). 
 
Other players offering a broad range of retirement products are Prudential Financial Inc. (PRU - Analyst Report), MetLife, Inc. (MET - Analyst Report), Sun Life Financial Inc. (SLF - Analyst Report) among others.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%