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FOR IMMEDIATE RELEASE
July 9, 2002 | TSX/NYSE/PSE: MFC, SEHK: 0945 |
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Manulife USA offers software suite for Succession Planning
Boston – The Manufacturers Life Insurance Company (U.S.A.) (Manulife USA) has introduced a new Succession Planning kit with a suite of software applications specially designed for illustrating Buy-Sell Arrangements.
Manulife’s MLI SolutionsSM Business Planning concept illustration system helps producers provide simple solutions to complex estate and business planning cases. The Buy-Sell module illustrates cross-purchase and entity purchase buy-sell arrangements and helps with the important process of valuing a business. The software allows flexible case design and offers four methods of valuation for a business: book value, appraisal, capitalization of earnings, and a combination of book and capitalization methods.
“MLI SolutionsSM provides all of the resources necessary to prepare a first-rate Buy-Sell Arrangement presentation. It takes the most complex case and generates understandable charts, graphs and ledgers,” said Robert A. Cook, President of U.S. Insurance, Manulife USA. “MLI SolutionsSM and our competitive product portfolio make Manulife USA a place for one-stop shopping—we have the products and the tools to illustrate just about any advanced planning case and our Advanced Markets Group is one of the best in the industry.”
MLI Solutions offers the flexibility that producers need to develop the customized and comprehensive solutions the business market demands. Additional MLI SolutionsSM business planning modules include: Supplemental Executive Retirement Plans, Total Income Plans (Deferred Compensation), Split Dollar Arrangements and below market loans, Executive Bonus Plans, and Restrictive Endorsement Bonus Arrangements (REBA). MLI Solutions also has estate and retirement planning modules. Each module has its own sales package complete with marketing tools, PowerPoint presentations, and technical resources needed to close the case.
About Manulife
The Manufacturers Life Insurance Company (U.S.A.) (Manulife USA) is committed to offering the highest quality annuity, life insurance, pension and tax-deferred college savings products to its clients. Its family of products has been built around a powerful combination of investment options chosen with the goal of providing attractive risk-adjusted returns and broad diversification across asset classes, investment styles, and asset managers. With its extensive product lines, competitive underwriting, excellent ratings, and quality customer service, Manulife USA is dedicated to providing quality products designed to help create and preserve wealth for its clients.
Manulife Financial is a leading Canadian-based financial services group operating in 15 countries and territories worldwide. Through its extensive network of employees, agents and distribution partners, Manulife Financial offers clients a diverse range of financial protection products and wealth management services. Funds under management by Manulife Financial were US$92.1 billion (Cdn$146.7 billion) as at March 31, 2002.
Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.
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Media Contact:
Wendy W. Smith
U.S. Communications
617-854-4348
wendy_smith@manulife.com |
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