Manufacturers Life Insurance Co. has launched a tax advantaged calculator that can compare investing in a 529 savings plan versus other taxable accounts. The new calculator is available for registered users online, at www.manulifecollegesavings.com. The site also offers other sales tools such as other calculators that can be tailored to the varying needs of financial consultants. Manulife is also providing financial consultants with a printed proposal letter or a custom illustration that they can use with prospective clients.
"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 our clients," said Carey Foran Hoch, vice president, marketing and 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 No. 1 by Marketing Matrix International for helping financial consultants to build their 529 businesses."