<informationTable xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable">
  <infoTable>
    <nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
    <titleOfClass>Shares</titleOfClass>
    <cusip>78462F103</cusip>
    <figi>BBG001S72SM3</figi>
    <value>533185901</value>
    <shrsOrPrnAmt>
      <sshPrnamt>699141</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MSCI EMERGING MKTS (EEM)</nameOfIssuer>
    <titleOfClass>Shares</titleOfClass>
    <cusip>464287234</cusip>
    <figi>BBG001SK77D5</figi>
    <value>125600665</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1880531</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MSCI EAFE ETF (EFA)</nameOfIssuer>
    <titleOfClass>Shares</titleOfClass>
    <cusip>464287465</cusip>
    <figi>BBG001SG09V7</figi>
    <value>80413249</value>
    <shrsOrPrnAmt>
      <sshPrnamt>774023</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MFC BAILLIE GIFFORD ETF TRUST LONG TERM GLOBAL GROWTH (BGGG)</nameOfIssuer>
    <titleOfClass>Shares</titleOfClass>
    <cusip>05686D200</cusip>
    <figi>BBG022LJ8WN4</figi>
    <value>3341239</value>
    <shrsOrPrnAmt>
      <sshPrnamt>96276</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
</informationTable>
