Helios2 Contract: confirmation of 2018 GLWB Bonus Rate

Intermediary Network Sales Support and Expertise December 3, 2018

The GLWB Bonus Rate, which will apply on December 31, 2018, will be the rate obtained by applying the following formula: the 10-year Government of Canada benchmark bond yield (CANSIM Identifier V39055) as at the last business day of November of the current calendar year, plus 1.5%. This rate is subject to a minimum of 2.5% and a maximum of 8%.

The benchmark rate as at November 30 was 2.27%. With the 1.5% added to this rate, the GLWB Bonus Rate for clients who made no withdrawals in 2018, will be 3.77%.


Intermediary Network Sales Support and Expertise