9 of 10 Canadians want guaranteed income for life.1 Shifting demographics and the economic realities of today mean more Canadians than ever before are looking for a secure source of retirement income.
Class Plus 3.0® is a Guaranteed Withdrawal Benefit product. When your clients invest in Class Plus 3.0, they are guaranteed to receive a predictable monthly income that is guaranteed for as long as they live.2 Class Plus 3.0 is full of features for your clients:
- 4% Annual Income Base3 - the highest guaranteed bonus rate in the industry!4
- Unique Lifetime Withdrawal Amount (LWA) payout rates for each age,5 including a 4% LWA at age 65
- Annual Automatic Income Resets mean client’s income may be bumped up
- Death Benefit Guarantee6 and Income Base reset automatically every 3 years
FOR ADVISORS ONLY
1 Designing retirement schemes Canadians want. caat pension plan. April 2017. 2 Making an Excess Withdrawal may decrease the guaranteed retirement income for life amount. 3 The Income Base Bonus is credited in years that there are no withdrawals from Class Plus 3.0 for the first 20 calendar years you own Class Plus 3.0. It is a notional amount and has no cash value. 4 Empire Life Competitive Survey April 2020. 5 Available from ages 55 to 80. 6 Up to and including Annuitant’s 80th birthday.
A description of the key features of the individual variable insurance contract is contained in the Class Plus 3.0 Information Folder. Any amount that is allocated to a Segregated Fund is invested at the risk of the contract owner and may increase or decrease in value.