Why refer your clients to Manulife One?

Why refer your clients to Manulife One?
Manulife One has the power to rejuvenate clients’ personal finances, opening up opportunities they never thought
imaginable and they love their advisors for referring them to it. Clients repeatedly tell us that Manulife One unchains them
from debt, worry and financial stress.
Complete financial plan and debt-free sooner
Ottawa, Ontario
A couple in their 50s created a comprehensive insurance plan
with their advisor and were shocked to realize their premiums
would increase by $700 per month. They had a 20-year mortgage
and were supporting their adult children financially so it seemed
impossible to implement the plan.
SCENARIO 2
SCENARIO 1
Read these real life scenarios and you’ll see for yourself that the real question is: “Why not refer your clients to Manulife One?”
Weyburn, Saskatchewan
With the market correction in October 2008, the bulk of a retired
couple’s income stream was suddenly worth much less. In this
economic climate, they no longer wanted to access their
investments for day-to-day expenses.
Fortunately, they had a Manulife One account with a small
positive balance. They stopped cashing in their RRSPs for awhile
and, instead, began living off their pensions and the equity
available through their Manulife One account until their
investments could increase in value.
They saw past the penalty and got the account.
This has allowed them to remain retired and still have an alternative
to cashing in their investments at a poor time. These clients are
amazed at how low the interest costs are on the account and are
very pleased with the flexibility and control it’s given them.
Flexibility for the unexpected
Manage job loss with less stress
Montréal, Quebec
When a couple’s young daughter was struck by a car and
seriously injured, she required several major surgeries. Home
renovations already underway came to a halt as their debts piled
up. They were barely scraping by month to month and their
health began to suffer from the stress.
Manulife One consolidated all their debts at one low rate which
drastically reduced their monthly payments. This allowed them
to complete their renovations and they were no longer
cash-strapped each month.
The grateful mother could not thank the Banking Consultant
enough. For the first time in years, she felt like they could finally
enjoy their lives.
SCENARIO 4
SCENARIO 3
The Banking Consultant reviewed their situation and quickly
realized that, by consolidating their mortgage, line of credit and
car loans, they could be debt-free much, much earlier than the
original 20 years. In fact, even with the higher premiums on the
insurance and after paying a high penalty of thousands of dollars
to break their current mortgage, this couple could still have all
that debt paid off in just under 10 years.
Alternate income option in a low market
Truro, Nova Scotia
A young couple didn’t have a lot of debt but had high payments
to service that debt. Their monthly payments on a mortgage, a
car and a credit card were substantial. When they consolidated it
all into a Manulife One account, their minimum payment allowed
them to save more than $1,600 per month. Now, anything they
choose to pay beyond that pays down the principal.
Three weeks after opening the Manulife One account, the
husband lost his job. Without the burden of owing an additional
$1,600 each month, he wasn’t forced to take just any job.
Instead, he retrained to begin a new career he would be
happy with.
Why refer your clients to Manulife One? - continued
Cape Breton, Nova Scotia
While this school teacher lives in Toronto, her heart still beats on
the east coast. In fact, she’s a homeowner in both locations
because, one day, she plans to sell her big city condo and return
to her roots to retire.
When she asked her financial advisor if there was any way they
could come up with a plan that would allow her to retire in five
years, there was only one answer – talk to a Banking Consultant
about Manulife One. She opened Manulife One accounts for both
of her properties and structured her payments in such a way that
will allow her to completely pay down her retirement property in
under five years.
SCENARIO 6
Able to retire years earlier
Better than a reverse mortgage
Calgary, Alberta
When their mother passed away, the adult children inherited her
condo. They were asked to let their step-father live in it – paying
only the condo fees and utilities – until he could no longer manage on his own. The unit had a home equity line of credit
(HELOC) on it and the family hoped to let the interest and taxes
accrue over time and pay them off when the condo was sold.
Unfortunately, the financial institution with the HELOC refused to
allow this. Faced with not being able to fulfill their mother’s last
wishes, they called Manulife Bank.
Manulife One is allowing her to make her “happily ever after”
happen more quickly than she ever thought possible.
We approved a Low-Ratio Manulife One. Even with interest rate
increases, it would likely take 10 - 12 years before the balance
reached the limit of the account. And we registered the account
for even higher in case the family wanted to increase the limit at
a later date. They were all very grateful.
A mother’s dreams come true
Less worry with job uncertainty
Halifax, Nova Scotia
A single mother with three children dreamed of adding a third
bedroom to her home so her new little girl could have a room of
her own. But being on a fixed income made the project seem
impossible to realize anytime soon. And then she heard of
Manulife One.
Getting a Manulife One account allowed her to build the
addition. Then she also purchased RRSPs and life insurance so
she could ensure not only her own future well-being but her
children’s as well. She has now reduced her hours at work which
reduced daycare expenses and allows her to be at home more for
her children.
Manulife One made this mother’s dreams come true.
SCENARIO 8
SCENARIO 7
SCENARIO 5
More stories from different clients in different situations who all have the same thing in common – Manulife One allowed
them to dramatically change their lives for the better.
Kitchener, Ontario
A man employed in the manufacturing sector was aware that he
might be let go from his job at any time because of the downturn
in the economy. Although he had no debt other than his
mortgage, with no source of emergency funds, he began to
wonder how he would manage if he became unemployed.
He opened a Manulife One so he could draw on the account
until Employment Insurance payments started or until he got
another job, if necessary. As it turned out, he didn’t lose his job
but his hours were cut, reducing his income significantly per
month. With Manulife One, he has the option to pay less per
month on his mortgage until his income gets back to normal – a
big comfort at an uncertain time.
This document contains real life scenarios about Manulife One clients that have been edited for clarity and/or brevity. No one has been paid to share their
experiences. Individual experiences will vary.
Not for distribution to clients
For more information, please visit manulifeone.ca
Manulife One is offered through Manulife Bank of Canada.
Manulife, Manulife Bank, the Manulife Bank For Your Future logo, the Block Design, Manulife One and the One logo, the Four Cubes Design, and Strong Reliable Trustworthy Forward-thinking are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its
affiliates under license.
WM3027E 10/2012