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Manulife Introduces 457 Plan Tool Kit

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NU Online News Service, March 18, 2003, 2:54 p.m. EST – Manulife USA, Boston, has developed a sales tool kit for Section 457 retirement savings plans that are funded with life insurance.

Section 457 plans are deferred-compensation plans for executives at nonprofit organizations.

The Manulife tool kit includes detailed background information about 457 plans. Manulife is also distributing an electronic tool kit that provides sample 457 plan presentations and other technical resources for selling the plans, the company says.

Manulife USA is a unit of Manulife Financial Corp., Toronto.