Member Reward Program

Saving and retiring can be easier—and more rewarding

Member Reward Program

If you have a Manulife Personal Planᵀᴹ or a Manulife-sponsored Group Retirement Income Plan (GRIP) with a combined total of $25,000 or more, you’re automatically part of the Member Reward Program. The more you save, the more you’re rewarded—and it continues into retirement.

Benefits

Get rewarded for your loyalty

Your loyalty allows you to earn a yearly savings bonus on your account anniversary, and as your balance increases, your bonus does too.

Earn a yearly savings bonus

As your savings grow, you can reach higher reward levels and earn a bigger savings bonus.

Continue receiving rewards in retirement

When you retire and start taking money out of your savings, you’ll stay at the same reward level, even as your money decreases due to regular withdrawals.

Yearly savings bonus

When the combined total of all your accounts¹ is $25,000 or more, we add a yearly bonus on your account anniversary. And as your balance grows, your bonus does too. You can even link accounts with your spouse or common-law partner to increase the total of all your accounts.²

Your savings bonus rate is calculated based on your total group retirement savings. This rate is applied to your money in the Personal Plan and GRIP with the exception of your guaranteed investments. For your guaranteed investments within the Personal Plan and GRIP, you receive an interest-rate enhancement.

Bonus comparison by total assets

Total assets

Reward level

Yearly savings bonus ($)³

Yearly savings bonus rate (%)⁴

Guaranteed interest-rate enhancement (%)⁵

$25,000–$49,999

Silver

up to $50

0.10

0.10

$50,000–$99,999

Silver plus

up to $200

0.20

0.20

$100,000–$249,999

Gold

up to $875

0.35

0.35

$250,000–$499,999

Gold plus

up to $2,250

0.45

0.35

$500,000–$999,999

Platinum

up to $5,500

0.55

0.35

$1,000,000+

Platinum plus

$7,000 or more

0.70

0.35

Guaranteed interest accounts (GIAs) allow you to earn a specified, guaranteed interest rate for your chosen term. Our Member Reward Program GIA enhancement adds an additional interest rate based on your reward level to new investments and renewals.

How it works

If your account balance in Manulife Personal Plan stands at $50,000, with a monthly contribution of $200, an annual savings bonus is added to your account on your anniversary month. Your total account balance within five years could be at $72,200. You’re rewarded for your savings year after year! ⁶

Asset growth through Member Reward Program (MRP)

Chart showing asset growth through the Manulife Member Reward Program over five years.
For illustrative purposes only. Based on 100% of assets invested in market-based funds. Calculation includes regular interest based on current rates. Rates may change at any time without prior notice.

Maximizing your rewards

Grow your savings—and your rewards

If your total account balance across your plans is $25,000 or more, the savings bonus is applied to the assets invested in market-based funds. Save regularly—whether you make a one-time contribution or set up automatic contributions, as your savings grow, so do your rewards

Move your money to a Manulife Personal Plan or a GRIP so that all your savings can earn rewards

Link to your spouse or common-law partner’s account to increase your total assets for a bigger savings bonus

FAQ

At the end of every month, the system adds up your total assets across all your Manulife Group Retirement accounts², including any linked accounts belonging to your spouse/common-law partner to determine your savings bonus level.

If the total assets are $25,000 or more, the savings bonus is applied to the assets in the Personal Plan and GRIP invested in market-based funds, and an interest-rate enhancement is applied to your GIA investments.

You’ll receive a yearly savings bonus in the anniversary month of when you opened your account if the account is still active and has money in it.

As a Personal Plan or Manulife-sponsored Group Retirement Income Plan (GRIP) member, you’ll automatically qualify when your total account balance is $25,000 or more.

  • Platinum plus—$1,000,000+ total assets
  • Platinum—$500,000–$999,999 total assets
  • Gold plus—$250,000–$499,999 total assets
  • Gold—$100,000–$249,999 total assets
  • Silver plus—$50,000–$99,999 total assets
  • Silver—$25,000–$49,999 total assets

Your reward level will change according to the amount of your total assets unless you’re a GRIP member. In this case, you’ll maintain the highest reward level achieved even as your assets decrease due to regularly scheduled withdrawals.

Keep saving to help grow your balance, your bonus, and your plans for the future.

  • Make sure you link accounts with your spouse/common-law partner if they have a Manulife account.
  • Every little bit you save in your Personal Plan account can help you get closer to the next reward level. This means your yearly savings bonus can get bigger.
  • Bring your savings from other financial institutions over to the Manulife Personal Plan, so that all of your savings can earn rewards.

You can also set up automatic or one-time contributions to your Manulife Personal Plan account.

  • One-time contribution: Sign in to your online Manulife account and select “More account options,” then “My account,” and lastly “Make a lump sum contribution”. If you’re using Manulife Mobile, click “Transactions” followed by “Lump Sum Contribution”.
  • Ongoing contributions: Sign in to your online Manulife account and select “More account options,” then “My account,” and lastly “Start ongoing contribution”.

When you move from a Manulife Personal Plan savings to a Manulife Group Retirement Income Plan, you continue benefiting from the Member Reward Program. And as a GRIP member, even if your assets decrease due to regular withdrawals, your reward level will stay at the highest level you’ve reached.

The savings bonus is deposited into your account and automatically invested7 for you so your money can continue to grow.

Your Personal Plan or Manulife-sponsored Group Retirement Income Plan reward program may differ slightly from the one shown on this web page based on the setup of your retirement plan.

“Account” refers to each specific plan of which you are a member within Manulife Group Retirement accounts (e.g. If you have a RRSP and a TFSA within Manulife Personal Plan, that is two accounts) 2 Manulife can only link group retirement accounts within the same group retirement administrative system. Any accounts with assets that are accessed using the Manulife VIP Room cannot be linked to another business area of Manulife and cannot be linked to other accounts within the Manulife Group Retirement division. Accounts accessed through the Member VIP Room can only be linked to other accounts accessed through the Member VIP Room. 3 Assumes all assets are invested in market-based funds and is based on maximum assets in each level. Savings bonus has been rounded to the nearest dollar. Used for illustration purposes only, individual yearly savings may vary based on your actual assets. All yearly savings bonuses are rounded to the nearest two decimal places in Manulife’s marketing materials. The MRP level is calculated based on the opening account balance on the first day of each month and applied only to the market-based assets in each tax type within your Manulife Personal Plan and GRIP. The savings bonus is deposited into the account once a year on the anniversary month of that account, if the account is still active and has assets in it. 5 Guaranteed interest account enhanced interest rates are only applicable on new deposits and renewals. 6 Assumptions: balance starting at $50,000 full balance in the Manulife Personal Plan, member was in Silver Plus MRP level, average IMFs used was 1.75%, average return of 5%, annual contribution of $2400 ($200 a month), no withdrawals or transfers-out were made during those 5 years, compounded annually. 7 If you're a group retirement member who can access your online account using the Manulife VIP room, the savings bonus is deposited using the same ratio as your current investments.