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 |
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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 |
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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 |
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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 |
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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.
Get all the information concerning the series in the Contract and Information Folder document.
Fees charged to the Contract Owner
Fee Option A
- No sales or surrender/withdrawn charges
Fee Option B
Low Load Sales Charges | Rate3 |
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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 |
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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 |
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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 |
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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.