Manulife RetirementPlus

The first phase of the investment in which clients can build savings through:

• The growth potential of the markets
• Accumulating income credits

Income credits:

• Accumulate in the savings phase only
• Are calculated using the 10 year Canada Benchmark Bond Yield, plus a .50 per cent rate enhancement
• Are calculated based on the month‑end market value of the savings phase
• Are not cashable, but instead enhance future guaranteed income in the income phase
• Are proportionally reduced for withdrawals from the savings phase

• The process of moving market value and accumulated income credits from the savings phase into the preservation or income phases
• Involves a fund switch from funds in the savings phase to the guaranteed income fund
• Transitioning secures a set of transition income rates (income rates) applicable to current and future income ages; these rates determine the future guaranteed income for the amount transitioned
• Transitioning is a taxable disposition for non‑registered contracts

The second phase of the investment in which:

• Clients can establish their future guaranteed income by choosing to transition all or part of their market value, plus proportional accumulated income credits
• Clients can defer taking income, which also increases the value of their future guaranteed income

• The act of turning on guaranteed lifetime income by electing an eligible total income amount
• Once income is elected, clients leave the preservation phase and enter the income phase

The final phase of the investment in which:

• Clients elect to receive a guaranteed income stream for life, starting as early as age 50, based on their current income age and the corresponding income rate(s) established at the time of transitioning
• Subsequent transitions from the savings phase automatically increase the guaranteed income amount at the then current income rate(s)

• $500 minimum per fund per sales charge option
• $2,000 minimum for Manulife RetirementPlus Dollar‑Cost Averaging (DCA) Program fund
• $100,000 minimum per fund for Elite Pricing

Closed to additional deposits since October 2022

No new PACs can be established

Existing PAC arrangements cannot be increased

Existing PAC can be decreased or reallocated

Minimum $50 per fund

Five free fund switches per calendar year

Minimum $500 per Fund or $100/month

Non-registered, TFSA, LIF, RRIF, LRIF, PRIF, RLIF

90 (for Front-end, Low-load and F-class sales charge options in Non-registered and TFSA Contracts only)

80 (for Back-end sales charge option in Non-registered and TFSA Contracts and all sales charge options in the Registered Contracts listed)

RRSP, RLSP, LIRA

71**

LIF (pension jurisdictions requiring annuitization at age 80)

71

75% of all deposits or current market value, if greater, reduced proportionally by withdrawals

Single life income option with sex distinct rates

• Guaranteed lifetime income based on one life

Joint life income option³

• Guaranteed lifetime income based on two lives
  

Yes

Yes

Yes

Ability to name successor owner⁴

Yes

Yes

• MERs vary by Fund and include all management fees, operating expenses, and insurance fees.
• The Unit Value of a Fund is reduced by the MER.

For more details visit Price and Performance.

• Deferred sales charges may apply for withdrawals made during the first seven years following the date of deposit for DSC sales charge options

Refer to Sales Charge Options section for more information.

A Small Policy Fee may apply for contracts with greater of the sum of all deposits and market value below the initial deposit minimum.

Charges may apply for certain transactions including withdrawals

For additional detail, refer to the Information Folder and Contract documentation.

Front-end, Front-end Elite and F-class

The deferred sales charge schedule carries over from each fund in the savings phase to the Guaranteed Income fund upon transition.

Money Market Fund

All years

0.00%

0.00%

All other Funds

Year 1

5.50%

Year 2

5.00%

Year 3

5.00%

Year 4

4.00%

Year 5

4.00%

Year 6

3.00%

Year 7

2.00%