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Rating:Manulife Debuts 529 Illustrator Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, September 22, 2003

Manulife Debuts 529 Illustrator

by: Sean Hanna, Editor in Chief

Manulife Financial has rolled out a new Estate Tax calculator intending to illustrate the estate planning benefits of a 529 college savings plan. The Boston-based 529 provider says the tool is the first in a series of consultant and client tools it is readying for the upcoming gifting season as part of its www.manulifecollegesavings.com Web site.

The tool illustrates the potential federal estate tax savings that are possible through the use of 529 plans. In addition, an illustrative gifting tree simplifies seeing how these assets will be distributed to each beneficiary while the account holder maintains control of the accounts.

Financial consultants can also use the calculator to develop a personalized prospecting letter or proposal with a customized illustration for their clients.

"Most financial consultants and investors are probably already aware of some of the tax advantages of 529 plans in terms of saving for a child's college education. What many may not realize is the significant estate tax benefits that can also be gained by giving to a 529 plan," said Carey Foran Hoch, vice president for marketing & product management for Manulife College Savings.  

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