Desjardins Insurance has launched a Guaranteed Investment Funds contract, Helios2. It’s designed to withstand economic pressures like market volatility and interest rate fluctuations, says the firm.
This version includes features such as a Guaranteed Lifetime Withdrawal Benefit (GLWB) that comes with a variable bonus rate, based on 10-year Canada bond rates, which Desjardins will add 1%. So for each year an investor doesn’t make withdrawals, he can increase the value used to calculate their retirement income by 2.5% to 6%.
Also, Helios2 offers options for savings, retirement and estate protection.