Main Content

Guaranteed Retirement Income for Life

9 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 retirees

Whether your clients are already retired or saving for retirement, Class Plus 3.0 offers a guaranteed retirement income solution:

  • Retirees will know exactly how much income they will receive, every year, for life. Watch Video
  • Pre-retirees can invest today and accumulate wealth before they start to receive income. Watch Video

Key Information:

  • 4% annual Income Base Bonus3
  • New LWA payout rates for each age,4 including a 4% LWA at age 65
  • Lower insurance fees and total cost5
  • Available in Fast & Full Investment App
  • Income starts as early as age 55
  • Retirement Income Privileges let clients stop and resume their income without penalty6
  • 75% Death and Maturity Benefit Guarantees7
  • Death Benefit Guarantee8 and Income Base reset automatically every 3 years to lock-in any market gains
  • Potential for higher growth with up to 80% equity exposure
  • Excess Withdrawal Alert service to safeguard clients’ guaranteed income
  • Purchase options9 of Front End, No Load and F-Class/Fee for Service 

    Marketing Materials for Advisors

    Marketing Materials for Clients

    Point of Sale Materials


    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.