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Since Millennia III is not offered for new contract since October 29, 2007,
this section is presented for informative purposes to contract holders. |
Concern
How to be sure that, upon death, the heirs will receive at least 100% of what was deposited?
Offer your clients an assurance that their spouse and children will not have financial constraints once they're gone
The death benefit guaranteed by the New Era Contract is a minimum of 100% of the value of each deposit.
But that's not all - the New Era Contract also protects the portfolio's growth. The guaranteed value is automatically reset once a year* according to the highest of the market value**, the inflation-adjusted value*** or the last reset. As a result, as markets climb and investments appreciate, the guaranteed value increases and the beneficiary is protected.
New Era: Increasing Guaranteed Value
Note : Any amount that is allocated to a segregated fund is invested at the risk of the contractholder and may increase or decrease in value.
For the first five years, the inflation-adjusted value was the highest and, consequently, the guaranteed value. Starting with the sixth year, the guaranteed value grew along with the market. When the market turned sour in the ninth year, twelfth and thirteenth year, the guaranteed value set the previous year remained effective. In the fourteenth and fifteenth year, the guranteed value does not change because neither inflation nor market performance is sufficient to make it rise. The guaranteed value never decreased!
Our Solution
Automatic resets of guarantees that increase with the investment appreciation.
How to be sure wishes will be respected?
Offer your clients an assurance that their investments will be passed on to the ones they choose
Thanks to the designation of a beneficiary, the Millennia III Funds are not part of the estate.
Segregated funds allow your clients to set up a simple estate plan. Upon death, the capital is automatically transferred to the beneficiary while avoiding the delays and charges associated with executing a will. As a result, it is possible to make specific and confidential donations.
Our Solution
Prompt transfer of investments to the designated beneficiary.
* The automatic reset of the death benefit is made on each contract anniversary date up to age 75. For
deposits made at or after age 80, the guaranteed death benefit is equal to 80% of the amount of each
deposit, increasing to 100% during the next ten years after the deposit date.
** The market value is guaranteed up to 130% of the value set at the last automatic adjustment, plus 100% of
the value of any deposits made subsequently.
***Every year, up to age 75, on the contract anniversary date, the inflation-adjusted value is increased to
reflect the change in the Consumer Price Index up to 5%.