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What Am I Getting? What Guarantees Are Available?

What Am I Getting? What Guarantees Are Available?

Finance
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You can choose an investment option

You can choose a guarantee


Registration Type

  • Non-registered
  • RSP
  • LIRA
  • TFSA
  • LRSP
  • RIF
  • LIF
  • PRIF

Beneficiary: You can name a person to receive the death benefit This designation allows your savings to be transferred to this person without having to pay probate fees.

Payments: You can receive regular payments now or later


The choices you make may affect your taxes. They could also affect the guarantees. Ask your life insurance agent to help you make these choices.


The value of your contract can go up or down subject to the guarantees.

If you invest in segregated funds, you get maturity and death benefit guarantees. You also get added protection from reset of the guaranteed amount. You pay fees for this protection. There are extra fees for options you select. Any withdrawals you make will reduce the guarantees. For details, Contact us:


Maturity Guarantee

This protects the value of your investment at specific dates in the future. These dates are called the guarantee maturity dates and may differ from one series to another.

If you make investments in more than one series, different maturity guarantees may apply. The maturity guarantee is the same for the Classic Series 75/75, the Series 75/100 and the FOR LIFE Series. If you select one of these series, on the guarantee maturity date, you will receive the greater of:

• The market value of the funds, or

• 75% of the money you put in the funds.


You can increase this maturity guarantee if you select the Ecoflex Series 100/100. However an extra fee applies. On this date, you will receive the greater of :

• The market value of the funds, or

• 100% of the money you put in the funds.


Death Benefit Guarantee


This protects the value of your investment if the person named as the Annuitant dies before the guarantee maturity date. It is paid to someone you name. If you select the Classic Series 75/75, it pays the greater of:


• The market value of the funds, or

• 75% of the money you put in the funds.


You can increase the value of this guarantee if you select the Series 75/100, the Ecoflex Series 100/100 or the FORLIFE Series. An extra fee applies for each of these series. If you select one of these series, it pays the greater of:


• The market value of the funds, or

• 100% of the money you put in the funds.

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