SAVING AND RETIRING WITH THE MANULIFE PERSONAL PLAN™

What’s next?

The Manufacturers Life Insurance Company

Beyond your group retirement plan

Whether you’re leaving your current plan, retiring, or just looking for

more ways to grow your savings, the Manulife Personal Plan™, offered

by The Manufacturers Life Insurance Company (“Manulife”), provides

you and your spouse many of the same opportunities for growth,

retirement planning and support you’ve enjoyed as a member of a

Manulife group retirement plan.

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CONVENIENT OPTIONS TO HELP YOU SAVE EASY SETUP AND ACCOUNT ACCESS

If you’re looking for more ways to save for retirement, or are

leaving your employer and need to transfer your assets, the

Manulife Personal Plan offers these options:

■■ Registered Retirement Savings Plan (“RRSP”)i

■■ Tax-Free Savings Account (“TFSA”)

■■ Non-Registered Savings Plan (“NRSP”)

i Includes locked-in RRSP or locked-in retirement account (“LIRA”)

IF YOU’RE RETIRING – THE GROUP RETIREMENT

INCOME PLAN (“GRIP”)

When you’re ready to convert your retirement savings into

retirement income, the Manulife Personal Plan offers the

GRIPii, featuring these options:

■■ Registered Retirement Income Fund (“RRIF”)

■■ Life Income Fund (“LIF”)

■■ Locked-in Retirement Income Fund (“LRIF”)

■■ Prescribed Retirement Income Fund (“PRIF”)

■■ Restricted Life Income Fund (“RLIF”)

ii Available retirement income products will depend on the jurisdiction of your locked-in assets.

Once enrolled, your existing online account is updated with

your new plan information. Just log in at manulife.ca/GRO

using your existing user name and password for continued,

convenient access.

■■ View up-to-date plan information

■■ Make regular or lump-sum contributions to your

savings plan(s)

■■ Track your remaining balance and your progress towards

your retirement savings goal

If you’re leaving your employer, the

Manulife Personal Plan allows for an easy,

no hassle asset transfer from your existing

Manulife group plan(s) at no cost.

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MEMBER REWARD PROGRAM (“MRP”)

As a member of the Manulife Personal Plan, you can enjoy

increased savings opportunities with the Member Reward

Program. If the combined balance in your Manulife group

retirement accounts1 is $25,000 or more, you can beneft from

an annual savings bonus payable on your market-based funds,

and higher interest rates on your guaranteed investments

under the Manulife Personal Plan.

With the Member Reward Program, the more you save,

the more you are rewarded!

Silver $25,000 – $49,999

0.10% up to $50 0.10%

Silver Plus $50,000 – $99,999

0.20% up to $200 0.20%

Gold $100,000 – $249,999

0.35% up to $875 0.35%

Gold Plus $250,000 – $499,999

0.45% up to $2,250

0.35%

Platinum $500,000 – $999,999

0.55% up to $5,500

0.35%

Platinum Plus $1,000,000 +

0.70% Minimum of $7,000

0.35%

Reward level/ Your total assets

Annual saving bonus

%iii $iv

Rate increase on guaranteed investmentsv

iii Saving bonus is calculated monthly based on your month-end total market-based funds assets. Annual saving bonus rates showed in the table are rounded to 2 decimal places. Monthly bonuses are cumulated and deposited to the account once a year within the frst business days of the anniversary month of that account, if the account is still active.

iv Assumes all assets are invested in market-based funds and is based on maximum assets in each tier. Savings bonus has been rounded to the nearest dollar. Used for illustration purposes only, individual annual savings may vary based on your actual assets.

v Increased interest r ates on guaranteed investments are only applicable on new deposits and renew als.

YOUR ACCOUNTS ARE AUTOMATICALLY LINKED

To determine your MRP level, we combine the value of all

your assets invested in Manulife group retirement plans2.

This can potentially help you achieve a higher reward level,

beneft from additional savings bonuses, and increased

interest rates on your guaranteed investments. The reward is

then applied to the assets you have in the Manulife Personal

Plan.

MAKE IT A FAMILY PLAN AND SAVE MORE

If your spouse has assets in a Manulife group retirement

plan, you can link your accounts with theirs. Combining the

value of your assets – and increasing your overall balance –

may allow you to achieve a higher reward level.

And if your spouse is also a member of the Manulife Personal

Plan, you can both beneft from a higher MRP level by linking

your accounts.

See how linking your savings can help you save more

for your retirement.

Let’s say, for example, both you and your spouse have assets

invested in market-based funds. Here’s what happens:

IF YOU DON’T LINK YOUR ACCOUNTSVI

Your Assets $40,000

Your spouse’s assets $25,000

Annual savings bonus 0.10%

(Silver level)

Annual savings bonus 0.10%

(Silver level)

Your annual savings $40

Your spouse’s annual savings $25

IF YOU LINK YOUR ACCOUNTSVII

If you and your spouse link your accounts, the reward level

will be based on the total value of your combined assets:

$40,000 + $25,000 = $65,000.

Your Assets $40,000

Your spouse’s annual savings $25,000

Combined value of your assets $65,000

Annual savings bonus 0.20%

(Silver Plus level)

Your annual savings $80

Your spouse’s annual savings $50

Maintain your Reward Level

If you’re a GRIP member, you will maintain the highest

reward level achieved for your Manulife Personal Plan

memberships, even as your assets decrease over time due to

regularly scheduled withdrawals. If your spouse’s accounts

are linked to yours, their reward level will also be maintained

at the highest level you both reach. 4

A WIDE ARRAY OF INVESTMENT OPTIONS

■■ You can continue to have access to most of the

investment options that were available to you in your

group retirement plan.

■■ You’ll also have access to the Manulife investment fund

platform, with its broad selection of industry-leading

investment options from some of the world’s leading

fund managers. Many of these funds aren’t available to

individual investors.

■■ Enjoy competitive interest rates and investment

management fees (“IMF”) not generally available with

similar individual products.

AN OPPORTUNITY TO SAVE ON FEES

As a member of the Manulife Personal Plan, you’ll continue

to take advantage of the purchasing power of a group

retirement plan, which may allow you to pay lower IMFs

than if you were to invest in retail products at a bank or

other fnancial institution. Lower IMFs can have a signifcant

effect on your retirement income.

Link your and your spouse’s various Manulife group

retirement accounts to beneft from additional

savings bonuses and higher interest rates.

Potential long-term savingsviii

$160,000

$140,000

$120,000

$100,000

$80,000

$60,000

$40,000

$20,000

$0 Initial 1 5 10 15 20 25

investment Years

ABC Bank Manulife Personal Plan

viii Illustration based on an initial investment of $50,000 and annual contributions of $1,000 over 25 years. Also assumes a 5% rate of return. Bank Fund Management Expense Ratio (“MER”) based on the asset-weighted year-end 2016 MER for the average Canadian Equity Fund MER of 2.30% from Investor Economics Insight (January 2017). Manulife Personal Plan IMF of 1.80% plus tax based on the Manulife Canadian Equity Fund. This illustration also takes into account the Manulife Personal Plan MRP.

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RRSP TFSA NRSP

Who can join? Active, terminated, and retired Manulife group plan members and their spouses can join.

How much can I contribute? Up to your Canada Revenue Agency (CRA) maximum limit, plus any additional unused contribution room from previous years.

Up to the Canada Revenue Agency (CRA) maximum limit per year, plus any additional unused contribution room and withdrawals from previous years.

You can contribute any amount into your non-registered account.

Any other RRSPs you contribute to will count towards your CRA maximum limit.

Any other TFSAs you contribute to will count towards your maximum in the TFSA.

Making contributions Set up automatic contributions or make one-time lump sum contributions up to your CRA limit.

Set up automatic contributions or make one-time lump sum contributions.

Transferring money into the plan Transfer money from other fnancial institutions into the plan at any time.

Withdrawing Make withdrawals from the non-locked in portion of your RRSP at any time. Taxes and other fees may apply.

Make withdrawals at any time; however, fees may apply.

Leaving the plan You can leave the plan at any time and transfer your money to another fnancial institution; however, taxes and fees may apply.

Retiring If you’re ready to retire, Manulife has options to help you convert your retirement savings into retirement income.

Withdrawal fee $25 per withdrawal 1 free, $25 per withdrawal for each subsequent withdrawal in a calendar year

Transfer out fee $100 per transfer to another fnancial institution.

Member administration fee2 If the total balance across all your group retirement accounts at Manulife (included your spouse’s accounts, if they’re linked) is less than $10,000, Manulife will charge $10 per month per account in the Manulife Personal Plan . 431

Account closure fee2 $100 per account3

Age 71 You are required to convert your registered savings into a retirement income product by December 31 of the year you reach the age of 71. If Manulife doesn't receive instructions from you by that date, your registered savings will be converted to a RRIF from which required minimum income payments will be made into a NRSP.

NA NA

Death Your benefciaries will receive the value of your account. If you have not designated a benefciary, your assets will be paid to your estate.

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SAVINGS OPTIONS OVERVIEW

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GRIP OVERVIEW

Plans available ■■ Registered Retirement Income Fund (RRIF)

■■ Life Income Fund (LIF)

■■ Locked-in Retirement Income Fund (LRIF)

■■ Prescribed Retirement Income Fund (PRIF)

■■ Restricted Life Income Fund (RLIF)

Minimum amount required $5,000

Minimum age 50

Taxes You’ll have to pay taxes on your retirement income.

Leaving the plan You can leave the plan at any time and transfer your money to another fnancial institution; however, fees may apply.

Withdrawal fees ■■ Scheduled withdrawals: free

■■ Ad hoc withdrawals: 1 free, $25 per withdrawal for each subsequent withdrawal in a calendar year

Fees will be deducted from your account.

Transfer out fee $100 per transfer to another fnancial institution

Member administration fee2 If the total balance across all your group retirement accounts at Manulife (included your spouse’s accounts, if they’re linked) is less than $10,000, Manulife will charge $10 per month per account in the Manulife Personal Plan . 431

Account closure fee2 $100 per account3

Death Your benefciaries will receive the value of your account. If you have not designated a benefciary, your assets will be paid to your estate.

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While the table above provides you with some general information about Manulife’s Group Retirement Income Plan,

retirement income legislation varies by jurisdiction. We recommend you speak with your Advisor or a Retirement Consultant

from our Transition Solutions team for the details on the plans that are available to you based on the jurisdiction of your

locked-in registered assets.

1 Total assets will be based on the savings in the accounts we’re able to link together. We can only link group retirement accounts within the same Manulife administrative system. I.e.: accounts accessed through the VIP Room cannot be linked with accounts accessed through the Manulife member secure site. Likewise, accounts accessed through any other Manulife business area cannot be linked.

2 If you were automatically rolled over from your company group retirement plan into the Manulife Personal Plan on the day of your termination, the member administration fee and the account closure fee will not apply for the frst 90 days in the Manulife Personal Plan.

3 “Account” refers to each specifc plan that you’re a member of within Manulife Personal Plan (e.g.: If you’re a member of a RRSP, a TFSA and a LIF within Manulife Personal Plan, that makes 3 accounts).

4 We’ll waive this fee under two conditions. 1) You or your spouse (if your accounts are linked) have made contributions to the Manulife Personal Plan in the last twelve months. 2) You or your spouse (if the accounts are linked) are active members of a Manulife group retirement plan.

5 Your spouse, as defned by pension legislation, may have priority entitlement to the death beneft for locked-in assets, regardless of any other benefciary designation.

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For more information on the Manulife Personal Plan,

go to Manulife.ca/GRO.

The Manufacturers Life Insurance Company

Group Retirement Solutions’ products and services are offered through The Manufacturers Life Insurance Company (Manulife). Manulife, the Block Design, the Four Cubes Design, Strong Reliable Trustworthy Forward-thinking, and Manulife Personal Plan, are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affliates under licence. ©2018 The Manufacturers Life Insurance Company. All rights reserved. Manulife, 25 Water Street, P.O. Box 396, Waterloo, ON, N2J 4A9.

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