JUNE /52. DFS GIF statements. This presentation is not eligible for CE credits. FOR REPRESENTATIVES' USE ONLY

Transcription

1 JUNE /52 DFS GIF statements

2 2/52 The five main sections Section 1: Overview Overview of contract (focus on guarantees) Information on owner and representative Section 2: More details on your contract and your guarantees Information on guarantees (Helios2/Millennia III), core and optional guarantees (Helios) Section 3: Information on the funds Information on funds and transactions Section 4: Other important information and information on Desjardins Group Regulatory information, contact of GIF administration and information on Desjardins Section 5: Outlook newsletter

3 3/52 Section 1 Overview

4 4/52 #1 #2 #4 #3

5 5/52 First page (top) #1 & #2 Header Statement period Client address Logo (Helios and Helios2) #3 Overview of contract Values at statement end date Market value (Helios2, Helios, Millennia III and IGP) Death benefit (Helios2, Helios and Millennia III) Protected value (Helios2 75/100 GLWB and Helios, if contract has GMWB or GLWB) Net protected value (Helios, if Contract has GMWB)

6 6/52 First page (top) #4 Information section Name of contract, registration type, number and owner Selected guarantees (Helios 2 and Helios) Representative's contact information Address of financial center Representative's phone number, if available, otherwise financial center's phone number address of representative (if available)

7 Helios contract with Guarantee 75/75 + GLWB 7/52 #1 #2

8 8/52 First page (bottom) #1 Graph for guarantee Contracts: Helios and Millennia III Net deposits (Your deposits less your withdrawals) Calculation is based on the market value of each transaction Death benefit Market value

9 9/52 First page (bottom) #2 Graph for optional guarantee Contract: Helios Compares net deposits, protected value, net protected value (GMWB) and market value Reset of protected value and bonus are shown (If happened in statement period) Beneath the graph withdrawals made by client in the statement period (if applicable) Date of last reset and market value at the date of last reset. Note: for all other contracts, this part of the statement is blank.

10 Contract with Helios2-75/100 i 10/52 #3

11 11/52 First page (bottom) #3 Graph for Guarantee Contracts with Helios2 75/75 (not shown) or Helios2 75/100 i Net deposits (Your deposits less your withdrawals) Calculation is based on the market value of each transaction Death benefit Market value

12 Contract with Helios2-75/100 GLWB 12/52 #4

13 13/52 First page (bottom) #4 Graph for Helios2 75/100 GLWB Contract: Helios2 Compares net deposits, protected value, and market value Reset of protected value and bonus are shown (If it happened in statement period) Beneath the graph Withdrawals made by client in the statement period (if applicable) Date of last reset and market value at the date of last reset.

14 Helios Contract with Guarantee 75/75 + GLWB 14/52 Section 2 Additional details on Contract & information on guarantees

15 Helios Contract with Guarantee 75/75 + GLWB 15/52 #1 #2

16 16/52 Second page (top) #1 Additional details about your contract Always shown Contract's open date Insured person (annuitant) Beneficiary(ies) Can also show: Account administrator If contract is held in trust for other persons

17 17/52 Second page (top) #2 Presentation of guarantee Contracts: All Gives information about death benefit For Guarantee 100/100 r and Millennia III First Edition Also indicates maturity benefit Note about layout: For contracts with a Guarantee 100/100 r and an optional guarantee, information about core and optional guarantees are shown on 2 pages.

18 Helios Contract with Guarantee 75/75 + GLWB 18/52 Second page (bottom)

19 19/52 Second page (bottom) Presentation of optional guarantee Contract: Helios Text varies according to Choice of optional guarantee Election date Protected value / net protected value Resets Client's decisions Withdrawals (amount and payment frequency) Bonus Note: for all other contracts, this part of the statement is blank.

20 20/52 New information since December 2013 Bonus Base (only in December) Income projections For all contracts with GMWB/GLWB/GLWB2 that haven't started withdrawals Calculated using the current protected value + eligible bonuses First projection at the age ending with 0 or 5 following current Annuitant age Second projection 5 years after that age Third projection 10 years after that age Example: if Annuitant is 53, projections are made at 55, 60 and 65)

21 21/52 Income projections The Annuitant is 65 in 2014 Projections are made for 70, 75 & 80 GLWB added in 2009, 5 more potential bonus years (including the 2014 bonus) Projection calculated on June 30, 2014: [protected value + (bonus base X bonus rate X bonus years)] X withdrawal percentage 70: [57, (47, X 7% X 5)] X 5.5% = $4, : [57, (47, X 7% X 5)] X 6.0% = $4,439,95 80: [57, (47, X 7% X 5)] X 6.5% = $4,809,95

22 Contract with Helios2 75/100 GLWB 22/52 #2

23 23/52 Second page (top) #2 Presentation of Guarantee Contracts with Helios2 75/100 GLWB Gives information about death benefit Gives information on GLWB Protected value Resets Withdrawals (amount and payment frequency) Bonus base and bonus

24 24/52 Income projections For all contracts with Helios2 75/100 GLWB Annuitant age < lifetime withdrawal age No withdrawals Calculated using the current protected value + minimum bonus (2.5%) First projection at lifetime withdrawal age (as indicated in the contract application) Second projection 5 years after that age Third projection 10 years after that age Example: if lifetime withdrawal age is 67, projections are made at 67, 70 and 75)

25 25/52 Income projections The Annuitant is 65 in 2014 Lifetime withdrawal age = 67 Projections are made for 67, 70 & 75 Projection calculated on June 30, 2014: [protected value + (bonus base X bonus rate X bonus years)] X withdrawal percentage 67: [63,860 + (62,000 X 7% X 2)] X 4.1% = $2, : [63,860 + (62,000 X 7% X 5)] X 4.6% = $3,294,06 75: [63,860 + (62,000 X 7% X 10)] X 5.0% = $3,968.00

26 26/52 Section 3 Information on the funds

27 27/52 Third page (top) Show variation of market value of the contract

28 28/52 Third page (middle)

29 29/52 Your DFS Guaranteed Investment Funds Funds' presentation order By funds category Investment Solutions (Helios2) Income Balanced Canadian Equity Foreign Equity Within a category, funds are presented by risk order

30 30/52 Third page (bottom) Transactions are shown by fund Funds are displayed in the same order as previous section Adjustments and guarantee fees are shown

31 31/52 Table for RRSP/TFSA contributions Shown after "Activity this period" section

32 32/52 Table for RRIF payouts If withdrawals are made through an optional guarantee, information on payout is displayed in the optional guarantee section on page 2 Shown after "Activity this period" section

33 33/52 Table for LIF payouts If withdrawals are made through an optional guarantee, information on payout is displayed in the optional guarantee section on page 2 Shown after "Activity this period" section

34 34/52 Non-registered contracts If withdrawals are made through an optional guarantee, information on payout is displayed in the optional guarantee section on page 2. Shown after "Activity this period" section

35 35/52 Section 4: Other important information + information on Desjardins Group Notes are different for each Contract Provides contact information of GIF administration

36 36/52 About Desjardins Group

37 37/52 Section 5: Outlook newsletter Insert is now integral part of statement

38 38/52 Examples for other types of contracts / core and optional guarantees

39 39/52 Helios2 75/75

40 40/52 Helios2 75/100 GLWB (Annuitant age > lifetime withdrawal age, no withdrawal)

41 41/52 Helios Guarantee 75/100 i (annuitant younger than 75)

42 42/52 Helios Guarantee 75/100 i (annuitant older than 75)

43 43/52 Helios Guarantee 100/100 r

44 44/52 Helios Guaranteed Lifetime Withdrawal Benefit - Version 2

45 45/52 Helios Guaranteed Minimum Withdrawal Benefit

46 46/52 Millennia III First Edition

47 47/52 Millennia III - Classic

48 48/52 Millennia III New Era (annuitant younger than 75)

49 49/52 Millennia III New Era (annuitant older than 75)

50 50/52 Imperial Growth Plan Displayed on first page, no values are given

51 51/52 Summary of contracts

52 52/52 Client contact information Representative contact information Contract information: Market value (all contracts) Death benefit (Helios2, Helios and Millennia III) Protected value (GMWB, GLWB, GLWB2, Helios2 75/100 GLWB) Net protected value (GMWB)