Desjardins Insurance has announced two enhancements to Helios2, effective September 15, 2014, for both new customers and those who already hold a Helios2 contract:
- GLWB bonus rate is higher. It now varies between 2.5% and 8% (previously 6%) every year. Based on the Government of Canada 10-year benchmark bond yield, plus 1.5% (previously 1%).
- Lower management expense ratio to all funds
Also, for a limited period the bonus rate of the GLWB is set at 6% for 2014. This is applicable to contracts with Helios2 – 75/100 GLWB from which no withdrawals were made in 2014.