Manulife IncomePlus (modified)

Manulife IncomePlus has been replaced by Manulife Pension Builder

see the Updated Page here…

Manulife IncomePlus (Information outdated)

Manulife Pension Builder

General Info:

IncomePlus, an option within the GIF Select segregated fund contract, is an ideal financial planning solution if you are in either the pre-retirement or early retirement years of your life. Analysis shows that the years just before and just after retirement are a critical phase for an investor’s retirement nest egg. This window of time is the Retirement Risk Zone. A downturn in the markets during this time could reduce savings to a level that will not provide sufficient retirement income, and there may not be enough time for investors to recover their losses.

At a Glance Pro’s:

Manulife has been the pioneer in the GMWB landscape in Canada, and has accumulated tens of billions of dollars in deposits. They have the largest fund selection available in the industry, and have the financial strength to stand behind the lifetime guarantees.

At a Glance Con’s:

Since the majority of the funds offered by Manulife are big box brands, the cost of the MER’s associated with the funds are extremely high, and have recently added more costs onto their GMWB products.

Minimum Investment:



You are given a standard 75/100 Guarantee; 75% Principle Guarantee after 10 years; and a 100% Death Benefit Guarantee from Contract issue. Death Guarantee resets until the age of 80.

Annual Income Base Interest Rate Credited (or Market Value, whichever is higher):

up to 5% Income Base Guarantee for 20 years, or Market Value, whichever is higher.

Account Automatic Market Value Resets:

Every 3 years, if the Market is higher, you receive the Market Value, if 5% is better than market return, there is no need for a reset.

Guaranteed Minimum Income for Life:

5% of Account Value or Income Base Value, whichever is higher for Life, starting at age 65.

MER Fee including Income for Life fee:

From 0.25% to 4.76% Depending on Fund

S & P Rating based upon Financial Stability and Strength:

Rating of A+


Manulife Income plus Brochure

Learn How to use a GMWB in your RRSP Here…