Performance Annuity

	Target Mix
Conservative Profile	Fixed portion:	70%
	Variable portion: Canadian Equity: 15% Global Equity: 15%	30%
Moderate Profile	Fixed portion:	60%
	Variable portion: Canadian Equity: 20% Global Equity: 20%	40%
Growth Profile	Fixed portion:	40%
	Variable portion: Canadian Equity: 30% Global Equity: 30%	60%
Aggressive Profile	Fixed portion:	25%
	Variable portion: Canadian Equity: 37.5% Global Equity: 37.5%	75%
If our pre-determined profiles don't suit your needs, you can always create a customized Performance Annuity with the help of your insurance representative.

Pre-selected investment options

In order to maximize the growth potential of the variable portion of your annuity payment, it is based on the performance of the following two investment options:

Canadian Equity Index	S&P/TSX Composite Index (Total Return)
Global Equity Index1	MSCI World Free Net Index

¹ The Global Equity Index returns are denominated in Canadian dollars and thus there is an exchange rate risk. U.S. equities are included in the Global Equity Index

And, since there are no Management Expense Ratios deducted, you get the benefit of the full investment return of the indexes.

A Fixed AIR

The Anticipated Investment Return (AIR) is the return you anticipate on the variable portion of your annuity. It also determines the initial payment for the variable portion of your annuity. For each of the four Performance Annuity profiles, the AIR is set at 5%.

How will your payment be affected? Here's an example.

If actual investment return		Your variable income…
is the same as the AIR (5%)	››	remains the same
is higher than the AIR (7%)	››	goes up (by about 2%)2
is lower than the AIR (4%)	››	reduces (by about 1%)3

² (1.07/1.05 -1) = 1.90%
³ (1.04/1.05 - 1) = - 0.95%

If our pre-determined profiles don't meet your needs, together with your advisor, you can always build a custom Performance Annuity:

• Choose a fixed base income and a variable portion
• Choose from 5 leading market indexes (covering money market, bonds and equities)
• Choose from 4 AIRS: 0%, 3%, 5% or 6%

Whether you select a pre-determined profile or build a custom Performance Annuity, you can always adjust the annuity as your income needs and aversion to risk change, simply by:

• Increasing the fixed portion of the annuity
• Modifying the investment mix
• Changing the AIR

Single Life Annuity

• Provides annuity payments for your lifetime
• Guaranteed period available

Joint life annuity

• Provides annuity payments for your lifetime and that of your spouse
• Income continues in full or at a reduced amount to the surviving spouse
• Guaranteed period available

Term certain annuity

• Guaranteed income to age 90

Note: In Quebec and New Brunswick, pension plan monies may not be eligible for this type of investment, due to provincial pension legislation.

You can choose monthly, quarterly, semi-annual or annual payments - deposited directly to your bank account.

"Snowbirds" can receive their payments in their bank account in Canada, in Canadian dollars, or in the U.S. in American dollars.

Registered: Income payments are fully taxable.

Non-registered: Income payments are taxed on a non-prescribed basis.

• Both The Standard Life Assurance Company of Canada and Standard Life Assurance Limited are members of Assuris - the insurance industry's equivalent of CDIC. For more information, visit their Web site at www.assuris.ca
• Creditor protection⁴ may be available in certain circumstances with a "preferred class" beneficiary designation
• Opportunities to bypass probate fees⁵ and delays upon death, if a beneficiary other than the estate is named.

⁴ Since there are some circumstances where creditor protection may not apply, it is recommended that policyholders consult a legal advisor to find out if they are eligible for this kind of protection.

⁵ Not applicable in Québec as notarial wills do not need to be probated by the court and, for holograph wills and wills made in the presence of witnesses, probate fees are minimal.