Manulife Private Investment Pools — MPIP Segregated Pools
Featuring pools and portfolios, and Guaranteed Interest Accounts. This program is an exclusive wealth-building and wealth-preservation solution for investors with an investment of at least $100,000 per contract.
The MPIP Segregated Pools program combines these key features and benefits to help build and protect wealth.
A comprehensive selection of segregated pools and portfolios
Access high-conviction, active portfolio management. Choose from carefully selected segregated pools and portfolios in various asset categories, from fixed income to specialty equity.
Guarantees and fees:
- Maturity guarantee: On the contract maturity date, investors are guaranteed to receive 75% of all deposits made to segregated pools and portfolios, even after market downturns. Guarantees are reduced proportionally for withdrawals and transfers to other investment options.
- Death benefit guarantee (DBG): At the time of death of the last surviving annuitant, beneficiaries or the estate is guaranteed to receive the greater of the market value of the segregated pools and portfolios or the death benefit guarantee. Guarantees are reduced proportionally for withdrawals and transfers to other investment options. Depending on the series chosen, the DBG will be 75% or 100% of all deposits made to pools and portfolios. MPIP 75/100 offers automatic annual resets of the DBG to the market value, if higher, every series anniversary date. The last DBG reset occurs on the series anniversary date before the annuitant’s 80th birthday.
- No fee outside of the MER
Choice and simplicity
Choose between two types of investment options. Holding both options in one contract makes administration easier and allows for consolidated client reporting.
- Segregated pools: choose from carefully selected funds and portfolios in various asset categories, from fixed income to special equity. Get more pool information.
- Guaranteed Interest Accounts (GIAs) and the Daily Interest Account (DIA): safeguard your investment with the guaranteed rates available with our GIAs and DIA within the same contract. Learn more about GIAs.
Access and flexibility
Access your investment at any time. Investors can easily move from the 75/75 to 75/100 series or between segregated pools and portfolios and GIA and DIA investments—a useful feature as financial needs change and/or during periods of volatility.³
GIA and DIA investors enjoy early cashing privileges so they can access their money for an emergency or for other investment opportunities, subject to possible surrender charges (refer to the Information Folder and Contract for details on surrender charges).
Convenience
MPIP Segregated Pools recognize higher deposit amounts with management fee reimbursements for segregated pools and portfolios. These allow household contract linking, which combines all the contract balances in an investor’s household to potentially qualify for an even greater management fee reimbursement.
- Household contract-linking
The household contract linking balance is determined by combining all the assets of the pools/portfolios/GIAs/DIA held in eligible contracts in the household. It can also include corporate contracts where a qualifying household member beneficially owns more than 50% of the corporation’s voting equity.
- Management fee reimbursement (MFR) rates
If the aggregated market value of the household assets reaches or exceeds $250,000, every contract within the household benefits from the MFR. MFR rates don’t differ by pool/portfolio and include household assets that go back to the first dollar invested. The MFR will automatically be credited to the contract, and all eligible contracts in the household, as an allocation of additional units into the relevant pools or portfolios on at least a quarterly basis and will not be paid in cash. The MFR will not be paid in cash but will be credited to the contract. GIA and DIA, as well as Manulife Dollar‑Cost Averaging Program Private Segregated Pool and the Manulife High Interest Savings Private Segregated Pool assets are included in the calculation in determining MFR eligibility, though do not receive an MFR.
Management fee reimbursement rates*
Contract/household value tiers |
|||||
|---|---|---|---|---|---|
Asset band** |
$250K to $499,999 |
$500K+ to $999,999 |
$1M+ to $4,999,999 |
$5M+ to $9,999,999 |
$10M+ |
All MPIP Segregated Pools and Portfolios*** |
2.5bps |
5.0bps |
7.5bps |
10.0bps |
12.5bps |
Estate planning benefits
At death, contract proceeds can pass quickly and privately¹ to designated beneficiaries (other than an estate) without legal, estate administration, and probate² fees.
Potential creditor protection⁴
This feature may be attractive to professionals and small business owners interested in protecting personal assets from professional liability.
Important disclosure
* MFR rates that are listed do not include applicable HST. A basis point (bps) is a unit that is equal to 1/100th of 1 percent and is used to denote the change in financial instrument. The basis point is commonly used for calculating changes in interest rates, equity indexes and the yield of a fixed‑income security.
** Asset bands, tiers and rates are subject to change. The amount of the reimbursement begins on the first dollar invested.
*** The MFR will not be paid in cash but will be credited to the contract. GIA and DIA, as well as Manulife Dollar‑Cost Averaging Program Private Segregated Pool and the Manulife High Interest Savings Private Segregated Pool assets are included in the calculation in determining MFR eligibility, though do not receive an MFR.
1 In Saskatchewan, jointly held property and insurance policies with a named beneficiary are included on the application for probate despite the fact that these assets do not flow through the estate and are not subject to probate fees.
2 The probate process and fees do not apply in Quebec. There is a verification process for non-notarial wills but not for notarial wills.
3 Moving across sales charge options may incur charges. Withdrawals, fund switches, and/or transfers between investment options may be subject to fees and charges, result in tax consequences, and impact segregated fund guarantees.
4 There are important limitations with respect to this protection and this summary does not include all possible considerations. You should consult your tax or legal advisor about your individual circumstances.
Explore the investment options.
With access to balanced and fixed-income asset categories and global opportunities, these segregated pools and portfolios may be ideal for business owners and professionals who want to separate personal assets from business assets for potential creditor protection.
Guaranteed Interest Accounts
- One month term
- One-year to 10-year terms (full terms only)
- Daily Interest Account
Manulife Smart ETFs.
Now available on our segregated fund platform.
Professional service fee
This sales charge option is available only to eligible distributors who have signed a professional service fee (PSF) sales charge option agreement with Manulife, and to investors who have entered into an agreement to pay their distributor a service fee (PSF fee), plus applicable taxes.
When it comes to your financial health, the more you know, the better. That’s why Manulife offers a professional service fee sales charge option with MPIP Segregated Pools. This is a fee that you and your advisor negotiate together. It identifies the fee your advisor receives for the service they are providing you. You’ll receive statements summarizing the PSF fee you have paid.
Fee-for-advice advantages
Unbundled fees
The cost of advice is separately disclosed
Flexibility
You negotiate the PSF together with your advisor
Control and visibility
You have a say in fee decision, and you receive a statement itemizing the fee you pay for advice
Ask your advisor for more information on fee-based investing and Manulife’s PSF sales charge option.
Related materials
Before you select a link
Sign in with your Advisor Manulife ID (opens in a new tab).
Advisor materials
- MPIP segregated pools product at a glance (advisor login required)
- Professional service fee advisor flyer (advisor login required)
- Professional service fee client flyer
- Professional service fee sales charge option administration (advisor login required)
- MPIP Segregated Pools – 75/75 vs 75/100 comparison chart (advisor login required)
- 75/100 series – Advisor FAQ (advisor login required)
- MPIP Segregated Pools Advisor Guide
