Comprehensive protection for your clients
Target clientele
Clients who:
- Have an investment horizon of at least 15 years
- Are sensitive to market downturns
- Want to leave something behind
Help them plan for the future they want—no compromise, no risk.
- Deposits 100% protected after 15 years.
- Inflation-adjusted death benefit –
It’s the only one of its kind in Canada!
What does this guarantee offer?
100% | 100% | i |
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At Contract maturity1
The maturity benefit2 is the greater of: - The market value of the units attributed to the Contract
- The minimum maturity benefit amount equal to 100% of deposits3, less adjustments for withdrawals
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On the Annuitant’s death4
On the Annuitant’s death, the death benefit5 is the greater of: - The market value of the units attributed to the Contract
- The minimum death benefit amount, which is equal to 100% of the value of each deposit
Up to the Annuitant’s 75th birthday, the minimum death benefit amount is reset every year on the contract anniversary date based on the greater of: - The current minimum death benefit amount
- The market value of the Units attributed to the Contract, calculated at the next valuation date following the contract anniversary date
- The inflation-adjusted value
When the death benefit is paid out, the Contract is terminated. |
Inflation-adjusted value6 - Initially equal to 100% of the value of the deposits paid into the Contract
- Reset annually on the contract anniversary date based on the consumer price index (CPI)7
Annual resets end when the Annuitant turns 75 |
1 The Contract matures 15 years after the initial deposit date. After a reset, The contract maturity date will be 15 years after the last reset. The Contract ends when the Annuitant reaches age 105.
2 The minimum maturity benefit amount is reduced in proportion to any units that may have been surrendered/withdrawn. Refer to the Contract and Information Folder for more information about surrendering/withdrawing units.
3 100% of deposits made in the Contract’s first year, and 75% of deposits made in subsequent years.
4 The Annuitant is the person on whose life the Contract is based. When the Annuitant dies, the death benefit is paid to the Beneficiary named by the Contract Owner.
5 The minimum death benefit amount is reduced in proportion to any units that may have been surrendered/withdrawn. Refer to the Contract and Information Folder for more information about surrendering/withdrawing units.
6 The inflation-adjusted value is reduced in proportion to any units that may have been surrendered/withdrawn. Refer to the Contract and Information Folder for more information about surrendering/withdrawing units.
7 The inflation-adjusted value is calculated based on the CPI increase established by Statistics Canada for the one-year period ending the previous. November 30, up to a maximum of 5%.
Eligibility
See the
Terms and Conditions page to find out more about this guarantee’s eligibility.