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Expanded issue age for Empire Life GIF 75/75


Issue age expanded to 90 for Empire Life GIF 75/75

Effective April 4, 2022, Empire Life will be extending the maximum contract issue age for our GIF 75/75 contract to age 90 to provide older customers with a more cost-effective estate planning solution. The Empire Life GIF 75/75 product provides the estate planning benefits of a life insurance contract with the opportunity for growth through a wide range of available investment options (up to 100% equity).

To align with segregated fund industry best practices, we will also be reducing the maximum contract issue age for our GIF 75/100 and GIF 100/100 contracts to age 80. Previously these contracts were available for issue until age 90; however, the contract was only issued with a 75% death benefit guarantee if the contract was opened after the annuitant’s 80th birthday.

Download new GIF point of sale material

Restrictions on Deferred Sales Charge purchases for over age 80

Empire Life will also be restricting deposits into the Deferred Sales Charge (DSC) purchase option for all GIF contracts after December 31st of the year the annuitant turns 80. This change will apply to both existing GIF customers as well as new GIF contracts sold after this date.

For more information on these changes, please download the documents below:

Information Circular Advisor FAQ

If you have any additional questions about this change, please contact our Customer Service Team at 1 800 561-1268 or speak to your Empire life Sales Team contact.

Segregated Fund contracts are issued by The Empire Life Insurance Company (“Empire Life”). A description of the key features of the individual variable insurance contract is contained in the Information Folder for the product being considered. 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. Please read the information folder, contract and fund facts before investing. Past performance is no guarantee of future performance. All returns are calculated after taking expenses, management and administration fees into account.



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The Empire Life Insurance Company
259 King Street East, Kingston Ontario
1 877 548-1881
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