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.

Also read:

Young homeowners want flexible budgets

Estate planning pitfalls for common-law partners

Handle life insurance proceeds

Originally published on Advisor.ca

Add a comment

You must be logged in to comment.

Register on Advisor.ca