Guarantee Your Investments
Guarantees are the key benefit of IA Clarington GIFs. They
protect the value of your investments, while still allowing you to
benefit from the market's growth potential.
The guarantees of the IA Clarington GIFs ensure that your
initial investments are protected at maturity (after 15 years) or
upon the death of the person whose life is being insured. The level
of protection depends on which guarantee you select, since you can
choose the combination of protection and underlying investment that
best suits your goals.
At the end of 15 years, you receive the greater of the final
market value or the guaranteed maturity benefit amount. This
example is based on "Guarantee A" (100%). If the annuitant dies
during the term of the product, the beneficiary is entitled to
receive the greater of the investment's market value or 100% of
initial investment (less any withdrawals).
Flexible Guarantee Options
Guarantee A
100% death guarantee
- On death of the annuitant, the beneficiary is entitled to
receive the greater of 100% of the Death Benefit Amount (less a
proportionate market value reduction for withdrawals) or the market
value.
100% maturity guarantee
- Upon maturity, the policyholder is entitled to receive the
greater of 100% of the Maturity Benefit Amount (less a
proportionate market value reduction for withdrawals) or the market
value of the deposit.
Guarantee B
100% death guarantee
- On death of the annuitant, the beneficiary is entitled to
receive the greater of 100% of the Death Benefit Amount (less a
proportionate market value reduction for withdrawals) or the market
value.
75% maturity guarantee
- Upon maturity, the policyholder is entitled to receive the
greater of 75% of the Maturity Benefit Amount (less a proportionate
market value reduction for withdrawals) or the market value of the
deposit.
Note:
- Insurance Fees will differ between Guarantee A and Guarantee
B
- Death Benefit will be set at 75% at age 85