 | Manulife's Personal Plan
(for members that want to continue saving)
Our services don't stop when a member leaves your group plan
The Manulife Personal Plan is an easy, convenient way for former plan members to continue saving for retirement. Available as both a registered and non-registered plan, your former members can continue to enjoy many of the same benefits they received in their group savings plan through the Personal Plans.
How do we notify members?
Once Manulife is notified that a member is leaving your plan, an Option Report is mailed directly to the member, providing details they need make decisions about their savings. The Personal Plan is one of the options listed on this report for members who want to continue saving for retirement.
Why join the Manulife Personal Plan?
By joining the Personal Plan, members can take advantage of the following great features:
- Convenient transfer of money from your group savings plan to the Personal Plan*;
- No transfer fees or minimum transfer amount(s);
- A broad selection of industry-leading investment options including market-based funds and guaranteed interest accounts in 1-5-year and 10-year terms;
- Competitive investment management fees (IMFs) and interest rates - group plans generally charge lower fees and offer higher interest rates than comparable individual products;
- Member Reward Program – lower investment management fees and higher interest rates based on the value of the accounts transferred;
- Easy continued savings - make lump-sum payments or arrange to contribute using pre-authorized chequing (PAC); and
- Comprehensive service and support including secure Internet and telephone access, member statements, personal rates of return, and toll-free account and financial education support.
*Members with money invested in Guaranteed Interest Accounts (GIAs) in the group savings plan will have funds transferred intact to the Personal Plan. Interest rate(s) and maturity date(s) on GIAs will remain the same and no penalty will apply.
How do members enrol in the Manulife Personal Plan? Learn how | | | |
