Retirement Options
In Step 3, you will be required to allocate your
assets to one or more of the retirement options available to
you (RRIF, LIF, LRIF, Annuity) based the asset type (i.e. the
type of plan in which the assets are held prior to
retirement).
By clicking on the Which retirement
option is best for you? link of the To do section,
you have access to a questionnaire that will help you
determine which option best suits your needs. It can also be
used as a guide for allocating your assets.
Also, to
learn more about each retirement option, simply click on the
headings or access the Analyse your retirement options
section from the Welcome page.
 Allocating
assets
Amount
format
Projected
assets
Questionnaire
Retirement
options
Source
of assets
 Allocating assets
You must allocate your projected assets to one or
more of the retirement options (i.e. Annuity, RRIF, LIF, LRIF)
available to you at retirement, depending on the asset type.
To help you with your choice, we have automatically
allocated the assets from each source to one of the retirement
options available. As such, the non locked-in assets (ex: RRSP
assets) will be allocated to a RRIF and any locked-in assets
(ex: RPP assets) will be allocated to a LIF by default. We
have indicated n/a (not applicable) in any field in which you
may not assign certain assets to a specific retirement option.
You may want to allocate only a portion of your assets
rather than the total amount or you may want to distribute
them amongst more than one option.
At this time, the
system is unable to illustrate an LRIF or an Annuity and you
must contact Manulife at 1 800 242-1704, extension 5057,
if your select either of these options.
See Annuity,
Registered
Retirement Income Fund (RRIF), Life
Income Funds (LIF) and Locked-in
Retirement Income Fund (LRIF).
See Payout
plan.
Amount format
The amount format required is: 99999999.99.
Projected assets
Represent an estimate of the amount of registered
assets you will have accumulated at your retirement date. The
system takes the value of your current registered assets and
future contributions and adds the investment gain derived from
your expected return.
Questionnaire
In
order to help you determine which retirement option best suits
your needs, we have provided an on-line questionnaire. To
access the questionnaire, click on the Which retirement
options is best for you? link in Step 3. Then, identify
which of the statements (a or b) is most important to you and
click Submit. The results of your questionnaire will
appear on the Step 3 - Retirement Options page.
Retirement options
The retirement options available to an annuitant
depend on the source of asset. To learn more about each
option, simply click on the headings or access the Review
your retirement options section from the Welcome
page.
See Annuity,
Registered
Retirement Income Fund (RRIF), Life
Income Funds (LIF) and Locked-in
Retirement Income Fund (LRIF).
See Payout
plan.
Source of assets
Includes the asset type (ex: RRSP, RPP, LIRA,
DPSP), the jurisdiction and the institution from which the
assets are derived.
Your source of assets can be
derived from your Manulife' Group Retirement Plan(s)
and/or Other Registered Plan(s).
See Group
retirement
plan(s). | 
