Canada Life Segregated Fundlist
|FUND NAME||FEATURES, BENEFITS, and GUARANTEES|
A Maturity guarantee benefit date is selected at the beginning of a contract. It can be no earlier than 15 years from the time of the initial investment and up to but not later than the account final maturity date. (Final account maturity date for non registered accounts will be Dec 31, of the year the contract holder reaches the age of 100.)
The maturity guarantee amount, is the greater of:
a. the market value of the seg fund contract; or
b. the maturity guarantee minimum amount.
The maturity guarantee minimum is equal to:
– 100% of all deposits made 15 years prior to the maturity benefit date, and
– 75% of all deposits made less than 15 years before the maturity benefit date.(minus redemptions)
|Death Benefit Guarantee|
The death benefit guarantee amount* will be the greater of:
a. 100% of the market value on date of death; or
b. the death benefit guarantee minimum amount.
The death benefit guarantee minimum amount is the sum total of all deposits (less redemptions) made prior to age 80, plus a scaled percentage of all deposits (less redemptions) made after age 80.
– 75% on deposits made > age 80 in year one
– 80% on deposits made > age 80 in year two
– 85% on deposits made > age 80 in year three
– 90% on deposits made > age 80 in year four
– 95% on deposits made > age 80 in year five
-100% on deposits made > age 80 in year six
|Optional Account Resets|
Generations II segregated funds have 2 reset options available which can be added to a contract at the time an initial investment is made.
1. The Maturity Guarantee Reset option provides an automatic yearly reset on the anniversary of a deposit up until 15 full years prior to the maturity benefit date. Resets will occur when the market value of a seg fund contract is greater than the maturity guarantee minimum amount.
2. The Death Benefit Guarantee reset option provides an automatic yearly reset on the anniversary of a deposit up until the year the contract holder turns 70 when resets stop.
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.