​How it works


Key features

  • Guaranteed minimum return or principal guaranteed at maturity
  • Risk-free access to securities of well-established companies
  • Higher return potential than fixed-interest term investments
  • No portfolio management and no management fees
  • 100% death benefit guarantee
  • Can be surrendered at any time1
  • Minimum deposit of $5002
  • Deposits accepted until the age of 95 years less a day
  • Eligible for registered plans3, including TFSAs
  • Eligible for pension income tax credits
  • Eligible for income splitting
  • Protected by Assuris

(1) The maximum amount available prior to maturity is the initial deposit. A market value adjustment charge may apply.

(2) All deposits are initially invested in the special daily interest fund pending their investment on the next issue date. The sum accumulated on this date, called the initial date, constitutes the initial deposit and is invested in Guarantee Advantage® if the minimum deposit is met. The maturity date of a pre-authorized debit agreement (PAD) depends on the initial date and term.

(3) RRIFs and LIFs are not eligible for periodic payments. If such payments have to be made and only a variable investment is available, the investment must be totally or partially surrendered. For more information please refer to the Term Investments Contract.


  • For a 2 year and 2 days term, the commission is 0.8% at issue
  • For a 3 year and 2 days term, the commission is 1.2% at issue
  • For a 4 year and 2 days term, the commission is 1.6% at issue
  • For a 5 year and 2 days term, the commission is 2.0% at issue
  • No trailer fees


A three-part training on how Guarantee Advantage is structured.

Part 1: All About Call Options

Call options are central to how the return zone works. Find out how they help your clients benefit from the market’s potential without being directly exposed to its risks.

Part 2: How is the New Money in Guarantee Advantage Invested?

Learn more about all of the financial instruments that make up Guarantee Advantage and how they work.

Part 3: Let's See How it Works

This video uses concrete examples to show you how Desjardins Insurance uses call options to deliver on its advertised rates, every time, no matter what the market conditions are.


​Partial and total surrenders are possible with Guarantee Advantage. The Surrender Value is equal to the Current Value minus a Market Value Adjustment. The Surrender Value cannot be greater than the Current Value or the amount of the Initial Deposit.

The Surrender Value is calculated as follows:

Surrender Value = Current Value – Market Value Adjustment
(compound rate of a Deposit with similar remaining term + 1.5%)
Number of years to maturity remaining
Current value

Example of a partial surrender one year after a Deposit in the February 14, 2014 campaign, which has a term of 5 years and 2 days:

February 14, 2014: Initial Deposit of $10,000

February 14, 2015: Current Value of $10,958 after one year

Partial surrender: $2,000

Number of years to maturity remaining: 4 years

Now let’s see how the partial surrender affects the guaranteed value and Current Value:

1. Surrender Value based on the rate of a 4-year GIC at 1.3%

Surrender value = [1 – (1.3% + 1.5%) x 4 years] x $10,958 = $9,730.70

2. Adjustment of the value guaranteed at maturity and death

Prorated adjustment of the surrender value =

$10,000 x (1 – $2,000 / $9,730.70) = $7,944.65

3. New Current Value

Initial Deposit adjusted based on the accumulated growth until surrender date =

$7,944.65x ($10,958 / $10,000) = $8,705.75