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Products > Investments > Segregated Funds > Manulife Seg Fund RESP

Manulife Segregated Fund Registered Education Savings Plan (RESP)

With the Manulife Segregated Fund RESP, you can offer your clients a new and convenient investment solution to help them better prepare for their children’s future post-secondary education needs.

Your opportunity

  • You now have another investment solution from Manulife to help your clients prepare for the future and achieve their financial goals
  • No additional licensing is required – if you are contracted to sell life insurance, you can now enter the segregated fund RESP market
  • You have a new means of appealing to a broader market, including younger clients that can provide you with ongoing opportunities to grow your total book of business

What’s new

Get segregated fund and contract info when you want, how you want it. You can now create your own up-to-date “Product and fund at a glance” booklets using our online price and performance tool. These booklets will include both fund name and number guides, and “at glance” overviews of how the contracts work.

  Learn more
  Try it yourself


Still want a printed “at a glance” booklet? These remain available for order through your usual channel. They no longer offer fund name and number guides, but continue to feature high level overviews of contract details like guarantees, commission schedule, sales charges, etc.


Why should clients invest

  • An RESP is a flexible and convenient way to save for a child’s future post-secondary education
     
  • Investment income generated in an RESP is tax-sheltered as long as it remains in the plan
     
  • Government grants may be available to qualified Student Beneficiaries to help RESP savings grow
     
  • There are no annual fees payable outside of the Management Expense Ratio (MER)
     
  • A segregated fund contract offers protective features, including death benefit and maturity guarantees
     
  • When withdrawn, plan growth and government grants can be taxed at the student’s tax rate (he or she could pay little or no tax on this money)

How the Manulife Seg Fund RESP works

How the Manulife Seg Fund RESP works

Types of withdrawals

Student Beneficiary enrolls in post-secondary education

  Source Taxation
Post-secondary Education (PSE) contribution withdrawal RESP contributions Returned tax-free to Subscriber
Educational Assistance Payments (EAP) RESP earnings, CESG, and other incentives Taxable to Student Beneficiary at his/her marginal tax rate

Student Beneficiary DOES NOT enroll in post-secondary education
  Source Taxation
Contribution withdrawal RESP contributions Returned tax-free to Subscriber
Accumulated Income Payments (AIP) Earnings on contributions, grants, and incentives Paid to Subscriber and taxable at his/her marginal tax rate, plus an additional 20% tax

CESG: unused grants returned to government; no tax consequences

CLB: returned to government; no tax consequences

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