Retirement Income

IncomePlus Guarantees RRIF Payments for Life

IncomePlus was the first GMWB (Guaranteed Minimum Withdrawal Benefit) introduced in Canada. Now it’s the first product of its kind to offer guaranteed income for life. IncomePlus provides income security through a guaranteed lifetime stream of income regardless of investment performance.

And these same, groundbreaking features are now available to you within Registered Retirement Income Fund (RRIF) contracts. Ideally, RRIFs are designed to provide you with retirement income for life but, until now, no other RRIF has been able to ensure you would have this kind of security.

GIF Select with IncomePlus is the exception – it’s the only RRIF in Canada that provides guaranteed RRIF payments for life! By selecting the RRIF option within GIF Select IncomePlus, you benefit from:

- a five per cent income bonus is added in any year no withdrawal is taken       automatic resets every three years can lock-in investment gains when markets rise.
- the flexibility to withdraw more than the IncomePlus guaranteed income amount to meet the required RRIF minimum without affecting future guaranteed stream of lifetime payments.
- a guaranteed five per cent income floor throughout retirement even if the market value of the investment reduces to zero.

If you like the idea of a fixed income investment for retirement but want more growth, check out IncomePlus.

Disclaimer: Any amount that is allocated to a segregated fund is invested at the risk of the contract holder and may increase or decrease in value. Age restrictions and other conditions may apply. The Manufacturers Life Insurance Company is the issuer of the Manulife GIF Select insurance contract and the guarantor of any guarantee provisions therein. GIF Select, Manulife and the block design are registered service marks and trademarks of The Manufacturers Life Insurance Company and are used by it and its affiliates including Manulife Financial Corporation.