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Manulife College Savings introduces new tax advantaged calculator BOSTON – Providing financial consultants another useful tool to help clients understand the tax advantages of investing in a 529 savings plan, The Manufacturers Life Insurance Company (U.S.A.) (Manulife USA), today launched its new Tax Advantaged Calculator. One of the first of its kind, this calculator compares investing in a 529 savings plan versus investing in other taxable accounts and provides financial consultants with a printed proposal letter or a custom illustration that they can use with prospective clients. The Tax Advantaged Calculator is available for registered users online at Manulife's College Savings Resource Center at www.manulifecollegesavings.com. Manulife's site also offers important sales tools and other calculators, such as an UGMA/UTMA Calculator and a State Tax Benefit Calculator, tailored to the needs of financial consultants. “We continually strive to provide financial consultants with valuable tools, such as the Tax Advantaged Calculator, to demonstrate the value of investing in a 529 plan to their clients,” said Carey Foran Hoch, Vice President, Marketing & Product Management for Manulife College Savings. “One of our core strengths is our ability to assess the needs of financial consultants and create sales tools and calculators that address these needs. This strength was recognized in 2002 when Manulife College Savings was ranked #1 by Marketing Matrix International for helping financial consultants to build their 529 businesses,” added Ms. Hoch. “Manulife College Savings is committed to providing the most comprehensive, multi-managed 529 plan to the market and to continually assess how to help meet the needs of financial consultants and their clients,” said Bill Burrow, Senior Vice President and General Manager, Manulife College Savings. “Manulife College Savings’ new Tax Advantaged Calculator offers financial consultants yet another tool to enable them to make more informed decisions to help their clients meet their college savings goals.” Manulife College Savings In July of 2001, Manulife entered the college savings market with Manulife College Savings, a national multi-managed Section 529 education savings plan distributed by Manulife Financial Securities LLC, through other broker/dealers appointed by Manulife Financial Securities LLC, managed by T. Rowe Price and sponsored by the Education Trust of Alaska. The multi-manager approach of Manulife College Savings allows investors to work with their financial consultants to pursue a strategy that helps to maximize their investment opportunities, while effectively managing risk. Expanding upon the inherent advantages of a typical 529 savings plan, Manulife College Savings offers investment choices from some of the nation’s top mutual fund managers. Mutual fund managers available with Manulife College Savings are A I M Investments, American Funds, Davis Selected Advisors, L.P., FranklinÒ TempletonÒ, MFS Investment ManagementÒ, OppenheimerFunds, Inc., Pacific Investment Management Company (PIMCO) and T. Rowe Price Associates, Inc. About Manulife Manulife USA is committed to offering the highest quality annuity, life insurance, pension, college savings, and separately managed account 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$96.4 billion (Cdn$141.6 billion) as at March 31, 2003. 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. -30- Media Contact: Wendy W. Smith U.S. Communications (617) 854-4348 |
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