Guaranteed Retirement Income for Life9 out of 10 Canadians want income for life – it’s the number one feature they want in a financial product.1 Class Plus 3.0 segregated fund contract 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 It is always protected from market downturns and it will continue even if the value of their investment goes to zero. Class Plus 3.0 is suitable for pre-retirees as well as retireesWhether your clients are already retired or saving for retirement, Class Plus 3.0 offers a guaranteed retirement income solution:
Key Information:
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Marketing Materials for Advisors
- Fund Codes (INP-0168)
- Class Plus 3.0 Gift Flyer (INV-2266)
- Empire Life Class Plus 3.0 Product Summary (INP-0149)
- Investment Product Overview (INP-0295)
- Investment Product Overview - Digital Friendly (INP-0295)
- Class Plus 3.0 Taxation of Withdrawals (INP-0090)
- Class Plus 3.0 LWA and Life Income Funds (INV-771)
- Class Plus 3.0 Top 5 Things You Need To Know (INV-1965)
- Why Choose Empire Life (INP-0084)
- Annuity Settlement Option Advisor Guide (INV-903)
- Income Solutions (INV-1123)
Marketing Materials for Clients
- Protection for life: Guarantee your future income and your legacy – Class Plus 3.0 brochure
- Class Plus 3.0 and TFSA (INP-0056)
- Class Plus 3.0 Client Guide (INP-0277)
- Class Plus 3.0 Client Mailer (INP-0275)
- Class Plus 3.0 RRSP Case Study (INV-2275)
- Class Plus 3.0 RRIF Case Study (INV-2290)
- Class Plus 3.0 and TFSA (INP-0056)
- Planning for Retirement (INV-996)
- Segregated Fund Income Mandates (INV-1156)
- Annuity Settlement Option Clients Flyer (INV-SF-820)
Point of Sale Materials
- Our new Class Plus 3.0 Illustrator is now online
- You can find the applications on our Printable Applications page.
These include:- Class Plus 3.0 Application (INV-917)
- Class Plus 3.0 Application for a Nominee/Intermediary Account (INV-918)
- Class Plus 3.0 Application for a Tax-Free Savings Account (TFSA) (INV-919)
- Class Plus 3.0 Information Folder and Contract Provisions (INV-1755)
- Fund Facts (INV-1754)
- Annuity Settlement Option form (INV-768)
1Designing retirement schemes Canadians want. caat pension plan. April 2017. 2Making an Excess Withdrawal may decrease the guaranteed retirement income for life amount. 3Income Base Bonus is a notional amount added to the Income Base at the end of each calendar year, for the first 20 years of the contract, if no withdrawals are made for that year. 4Increasing LWA rates between ages 55 to 80, and level thereafter. Calculated based on the current Income Base and the applicable LWA percentage that corresponds to the Annuitant’s age as of December 31st of the following calendar year. 5Compared to Empire Life Class Plus 2.1 6Retirement Income Privileges not available in RRIF or LIF plans where you must take at least the minimum amount as prescribed by the Income Tax Act. 7Adjusted proportionally for withdrawals. 8Up to and including Annuitant’s 80th birthday. 9Deferred Sales Charge (DSC) and Low Load (LL) purchase options were closed to new investments effective May 29, 2023. Deposits into those purchase options made prior to that date will retain their redemption schedule until it matures.
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.