Terms and conditions

Deposit requirements

Effective May 8, 2020 at 4:00 p.m. (EDT), we stop offering the Helios2 – 75/100 GLWB Guarantee for an indefinite period of time

Maximum Annuitant Age or younger to make a deposit

Series 6 Helios2 - 75/75	Series 8 Helios2 - 75/75	Series 6 Helios2 - 75/100i	Series 8 Helios2 - 75/100i	Series 6 Helios2 - 100/100i	Series 8 Helios2 - 100/100i	Series 6 Helios2 - 75/100 GLWB	Series 8 Helios2 - 75/100 GLWB
Age 90 inclusive (Fee Option A) Age 80 inclusive (Fee Options B C, D and E)	Age 90 inclusive (Fee Option A) Age 80 inclusive (Fee Options B C, D and E)	Age 80 (inclusive)	Age 80 (inclusive)	Age 80 (inclusive)	Age 80 (inclusive)	Age 80 (inclusive)	Age 80 (inclusive)

Initial deposit

-	Series 6 Helios2 - 75/75	Series 8 Helios2 - 75/75	Series 6 Helios2 - 75/100i	Series 8 Helios2 - 75/100i	Series 6 Helios2 - 100/100i	Series 8 Helios2 - 100/100i	Series 6 Helios2 - 75/100 GLWB	Series 8 Helios2 - 75/100 GLWB
Minimum lump-sum amount¹	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$10,000	$10,000
Minimum monthly pre-authorized debit (PAD) amount²	$50	$50	$50	$50	$50	$50	n/a	n/a
RRIF	$10,000	$10,000	$10,000	$10,000	$10,000	$10,000	$10,000	$10,000
Locked-in Contract	$10,000	$10,000	$10,000	$10,000	$10,000	$10,000	n/a	n/a

Additional deposit

-	Series 6 Helios2 - 75/75	Series 8 Helios2 - 75/75	Series 6 Helios2 - 75/100i	Series 8 Helios2 - 75/100i	Series 6 Helios2 - 100/100i	Series 8 Helios2 - 100/100i	Series 6 Helios2 - 75/100 GLWB	Series 8 Helios2 - 75/100 GLWB
Minimum lump-sum amount¹	$500	$500	$500	$500	$500	$500	$500	$500
Minimum monthly pre-authorized debit (PAD) amount²	$50	$50	$50	$50	$50	$50	$50	$50

¹ The minimum deposit per Fund is $500.

² The minimum PAD amount per Fund is $25.

Minimum total market value	Series 6	Series 8
Market value of the units attributed to all Individual variable insurance contracts (all contracts owned by the client, including Joint plans) issued to the Owner by the Company (Helios 2 Contract and all contracts previously issued by the Company)	n/a	$250,000

Deposits over $1,000,000 must be pre-approved by Desjardins Insurance. The following information is required: the amount of the deposit, the selected guarantee, the client’s age and the contract type. Other information (e.g., medical questionnaire) may be requested.

Fees charged to the Contract Owner

Fee Option A

No sales or surrender/withdrawn charges

Fee Option B

Low Load Sales Charges	Rate³
In calendar year 1	3.0%
In calendar year 2	2.5%
In calendar year 3	2.0%
Thereafter	0.0%

Fee Option C

Deferred surrender/withdrawn charges, 7 years	Rate³
In calendar year 1	5.5%
In calendar year 2	5.0%
In calendar year 3	5.0%
In calendar year 4	4.0%
In calendar year 5	4.0%
In calendar year 6	3.0%
In calendar year 7	2.0%
Thereafter	0.0%

³ These charges are based on the net asset value per Unit as at the time of surrender/withdrawal for the units being surrendered/withdrawn.

Option D: No fees – Chargeback of the first-year commission if a surrender/withdraw occurs within 36 months of the deposit

Month	Chargeback rate	Month	Chargeback rate
1	100.0%	20	47.2%
2	97.2%	21	44.4%
3	94.4%	22	41.7%
4	91.7%	23	38.9%
5	88.9%	24	36.1%
6	86.1%	25	33.3%
7	83.3%	26	30.6%
8	80.6%	27	27.8%
9	77.8%	28	25.0%
10	75.0%	29	22.2%
11	72.2%	30	19.4%
12	69.4%	31	16.7%
13	66.7%	32	13.9%
14	63.9%	33	11.1%
15	61.1%	34	8.3%
16	58.3%	35	5.6%
17	55.6%	36	2.8%
18	52.8%	37+	0.0%
19	50.0%

Option E: No fees – Chargeback of the first-year commission if a surrender/withdraw occurs within 60 months of the deposit

Month	Chargeback rate	Month	Chargeback rate	Month	Chargeback rate
1	100.0%	22	65.0%	43	30.0%
2	98.3%	23	63.3%	44	28.3%
3	96.7%	24	61.7%	45	26.7%
4	95.0%	25	60.0%	46	25.0%
5	93.3%	26	58.3%	47	23.3%
6	91.7%	27	56.7%	48	21.7%
7	90.0%	28	55.0%	49	20.0%
8	88.3%	29	53.3%	50	18.3%
9	86.7%	30	51.7%	51	16.7%
10	85.0%	31	50.0%	52	15.0%
11	83.3%	32	48.3%	53	13.3%
12	81.7%	33	46.7%	54	11.7%
13	80.0%	34	45.0%	55	10.0%
14	78.3%	35	43.3%	56	8.3%
15	76.7%	36	41.7%	57	6.7%
16	75.0%	37	40.0%	58	5.0%
17	73.3%	38	38.3%	59	3.3%
18	71.7%	39	36.7%	60	1.7%
19	70.0%	40	35.0%	61+	0.0%
20	68.3%	41	33.3%
21	66.7%	42	31.7%

Guarantee selection⁴

Your client can change their guarantee once per calendar year by submitting written notification, unless such a change would result in the new guaranteed amount being less than 75% of the sum of deposits adjusted for withdrawals.

Once the guarantee is changed, the deposit amount and the guaranteed amount will be reset.

The value of the units attributed to the Contract as at the Cut-Off Time on the Market Day that notification is received will become the new deposit amount.
The Market Day that notification is received will become the new valuation date of the first deposit and therefore the new contract anniversary date.
If the new Guarantee is Helios 2 – 100/100 i, the maturity date will be set using the new valuation date of the first deposit.
The guarantee Helios 2 – 75/100 – GLWB is currently not available. The GLWB Bonus Base and GLWB Protected Value will be set at the new deposit amount.

⁴ The Owner must select one of the 3 guarantees currently available under this Contract. The Owner may change the guarantee of their Contract, once per calendar year, by submitting written Notification, unless such a change would result in the new guaranteed amount being less than 75% of the sum of deposits adjusted for withdrawals. The Contract must satisfy all deposit requirements of the selected guarantee.