This year, Desjardins Insurance will use 6% or the rate obtained by applying the calculation formula used to determine the GLWB Bonus Rate, whichever is higher. This 6% rate only applies to new Contracts opened in 2019*.
* A client with a Helios2 Contract opened prior to 2019 can open a new Contract with a Deposit of $50,000 or more.
Take advantage now!
Your clients must set up a Contract with Helios2 – 75/100 GLWB as the selected Guarantee and they cannot make any withdrawals in 2019. The GLWB Bonus will be applied on the GLWB Bonus Base, which is 100% of the value of each Deposit made since the Contract was opened. New Contracts must be opened by no later than December 31, 2019.
For clients who already have existing Contracts
If these clients meet all the conditions, the rate that will apply to their Contract will be the rate obtained by applying the calculation formula used to determine the GLWB Bonus Rate, as described in the Contract and Information Folder.
Helios2 section for more details.
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