Class Plus: Guaranteed Retirement Income for Life

Empire Life Class Plus gives you the peace of mind that comes with knowing that you can have guaranteed retirement income for life.*

Whether you are already retired or saving for retirement, Class Plus may be the solution for you.

• If you are retired, with Class Plus you'll know exactly how much income you will receive, every year, for life.*
• If your retirement is still years away, you can invest in Class Plus today and use it to accumulate wealth before you start withdrawing income.

Class Plus is a feature of our Empire Class Segregated Funds.

When you invest in Class Plus you are guaranteed to receive a predictable annual income, starting the year you turn 65. The guaranteed retirement income will continue for as long as you live.

The year you turn 65, you can start withdrawing your guaranteed retirement income for life. The amount you'll receive every year for as long as you live* is equal to 5% of your Income Base. It is called the Lifetime Withdrawal Amount.

That income is always protected from market downturns and it will continue even if the value of your investment goes to zero*.

Learn more about the Income Base and key withdrawal features of Class Plus.

You can invest in Class Plus at age 65 and start enjoying your guaranteed retirement income immediately. Or you can invest before age 65 and grow your future guaranteed income through annual Income Base Bonuses and triennial Income Base resets.

Each year that you don't make a withdrawal, a 5% Income Base Bonus is added to your Income Base, regardless of what happens in the markets. The higher your Income Base, the higher your retirement income.

Here is an example. If you make a deposit of $200,000 to Class Plus at age 65 and start withdrawing your income immediately, you will receive $10,000 a year for life*.

If you delay your withdrawals for 10 years, your Income Base will grow by 5% every year to $300,000.

With an Income Base of $300,000, you will receive a guaranteed retirement income for life of $15,000 a year - that's a $5,000 boost.

Note that the Income Base and Income Base Bonus have no cash value and are not available for withdrawal from Class Plus.

Every three years, if the market value of your Class Plus is greater than your Income Base, the Income Base is reset.

The amount is guaranteed for life, regardless of any future market downturns. And the higher your Income Base, the higher your retirement income.

You can hold your Class Plus funds in non-registered or registered plans such as a Registered Retirement Savings Plan (RRSP) or a Registered Retirement Income Fund (RRIF).

If your Class Plus funds are in a RRIF you will always receive the greater of your RRIF minimum or your 5% guaranteed retirement income without affecting your future guaranteed income.

If you need income before the year you turn 65, you have the flexibility to withdraw up to 5% of your Income Base every year with the Maximum Withdrawal Allowance feature. Those withdrawals, however, reduce your Income Base.

Class Plus offers you a choice of 13 segregated fund investments, including five Portfolio Funds, all managed using our disciplined, value-oriented investment approach.

You only need a minimum investment of $10,000 to get started and your net deposits are always protected with the maturity and death benefit guarantees.

If you would like to find out more about Empire Life Class Plus, talk to your advisor.

_{* Making an excess withdrawal may decrease your guaranteed retirement income for life amount. Guaranteed retirement income for life can start as early as the year you turn 65.}

_{Any amount that is allocated to a Segregated Fund is invested at the risk of the Owner and may increase or decrease in value.}