Confirmation of 2023 inflation rate for the Helios 2 -75/100 i and Helios2 – 100/100 i

Intermediary Network Sales Support and Expertise December 5, 2022

The Helios2 – 75/100i and Helios2 – 100/100i guarantees of the Helios2 contract, the Helios 75/100i guarantee as well as the Millennia III – New Era contract provide for the annual reset1 of the guaranteed minimum death benefit according to the greater of the following values:

  • inflation-adjusted value
  • the market value of the contract
  • the current guaranteed minimum benefit amount.

For the inflation-adjusted value, the contract provides that the inflation rate that will be used for a given year is the annual percentage change in the Consumer Price Index (CPI) established by Statistics Canada for the one-year period ending November 30 of the previous year, subject to a minimum of 0% and a maximum of 5% (for example, rate as of November 30, 2021 for adjustments made in 2022).

In the current context where the CPI has remained above the maximum limit for several months, we have decided that the inflation rate used for the calculation of the adjusted value for inflation, for all annual adjustments that will take place in 2023, will be 5%.

Want to help your clients inflation-proof their estates? It’s not too late! If they set up an Helios2 contract with Helios2 -75/100 i or Helios2 -100/100 I before the end of the year, their first reset will take place in 2023.


1 Annual resets are made up to the annuitant's 75th birthday. At the time of the annual reset, the guaranteed minimum death benefit is equal to the greater of:

  • inflation-adjusted value
  • the market value of the contract
  • the current guaranteed minimum benefit amount.


Intermediary Network Sales Support and Expertise