Manulife RetirementPlus®

Manulife RetirementPlus is an innovative, flexible, savings and income product that can support the key phases of preparing for retirement, from building wealth to drawing retirement income.

What is RetirementPlus?

This product adapts to changing market conditions and can take advantage of potentially rising interest rates.¹ Manulife RetirementPlus can also provide guaranteed lifetime income.

RetirementPlus combines these features and benefits to help Canadians prepare for retirement

Manulife RetirementPlus comprises three phases, all within one investment. Each phase is important in preparing for retirement.

1. Saving phase

  • A broad selection of industry-leading investment funds, with up to 100% equity, is available to provide growth potential.
  • Investors can benefit from rising interest rates, which can improve the value of income credits.²
  • Income credits are accumulated monthly and help provide higher future guaranteed income


  • Income credits can help grow future guaranteed income beyond what’s possible through market participation alone.
  • This product can help people catch up financially towards their retirement goals.

2. Preservation phase

  • Investors can choose to transition all or part of their market value and proportional accumulated income credits into this phase to preserve transition income rates (income rates) and guarantee a future income level.
  • With each transition, a set of income rates is secured. These rates don’t change for the remainder of the contract.
  • If transitioning to a different phase, savings can be moved to preservation all at once or over time.
  • Income deferral during preservation can increase the value of future guaranteed income.


  • Investors have the ability to capture potentially rising income rates
  • Not all assets need to be transitioned into this phase at once, offering the flexibility to continue saving and earning income credits in the savings phase.

3. Income phase

  • A predictable, guaranteed lifetime income stream begins when investors enter this phase by electing income (starting as early as age 50).
  • Income is based on the income rates secured in the preservation phase with each transition.


  • Investors have the option of continuing to save and earn income credits in the savings phase, even after starting to take income.
  • The above capability aligns with the need for only partial income—assets left in the savings phase can be transitioned into the income phase later, when and if more income is needed.

Income credits are not cash deposits,  they increase  the basis for calculating future  guaranteed income. The income credit rate is subject to change. Income rates used to determine future guaranteed income are subject to change daily. Interest rates are one of a number of factors in determining income rates. An interest-rate  movement  may  not  mean  that income rates  will  move  at  the  same  time  or  by  the  same amount. For the current income credit rate and income rates, please visit the “Rates” tab link. Exceeding the withdrawal thresholds of the Manulife RetirementPlus insurance contract may have a negative impact on  future  incomepayments.  Age  restrictions  and  other  conditions  may  apply. An  annual  fee  may  be charged if the greater of  the sum of all deposits  or  the  market value  of the contract is below the initial deposit minimum at the end of a calendar year.

Manulife RetirementPlus rates

Manulife RetirementPlus uses transition income rates to determine guaranteed income for current and future income ages. These rates are established at the time of each transition. Deferring income may mean higher future guaranteed income. In addition, income credits can accumulate in the savings phase to enhance future guaranteed income.

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Related materials

1 Interest rates are one of several factors determining transition income rates. 2 Income Credits are not cash deposits. They increase the basis for calculating future guaranteed income.

The Manufacturers Life Insurance Company (Manulife) is the issuer of insurance contracts containing Manulife segregated funds and the guarantor of any guarantee provisions therein. Manulife Investment Management is a trade name of Manulife.