What are the benefits?

Guarantees are the backbone of segregated funds – they help protect your capital and let you allocate your premiums with confidence. Recognizing that people’s needs vary, Standard Life’s Ideal Segregated Funds are designed to fit with your life cycle needs. You’ll want to examine your needs and pick the funds that are ideal for you. Your advisor will be able to help.

Types of guarantees

• Maturity Benefit Guarantee (savings plans)
  Guarantees that when your contract matures, you’ll receive at least a set amount of the premiums paid to your contract (less any money you withdraw).
  
  
• Payout Benefit Guarantee (registered retirement income plans)
  Guarantees that you'll receive income payments of at least a set amount of your premiums (less any scheduled retirement income payments made) over the lifetime of the contract.
  
  
• Death Benefit Guarantee (savings & registered retirement income plans)
  Guarantees that on death, your beneficiaries will receive at least part of or all of the premiums paid to your contract.
  
  If you are under age 80 at the contract issue, your loved ones will receive 100% of the premiums paid.
  
  If you are age 80 or older at the contract issue, your loved ones will receive 75% of the premiums paid.

¹ Provided the contract has been in-force for a minimum of 10 years from the date of the first premium payment, or if resets have occure, from the last reset date.

² Provided the contract has been in-force for a minimum of 10 years from the date of the first premium payment, or if resets have occure, from the last reset date and the contract value is depleted.

³ If you are 80 years old or over at the Series/policy issue, the death benefit guarantee is 75% of the premiums paid to the Series/policy less proportional surrenders.

For non-registered plans and RRIFs, you can designate someone else as the annuitant (or person insured under the policy), and the death benefit will be payable on that person's death. However, on RRIFs, only your spouse or common law partner can be designated as your successor annuitant.

Resets take it up a notch: you get additional security. When the market does well, so do you. When it doesn't do well, your money is protected against significant losses.

Our "classic" Ideal Segregated Funds let you choose to reset any time, twice per contract year until the annuitant's age 70, except in the 10-year period prior to the contract maturity date.

• See how our resets work

A segregated fund can be protected if you go bankrupt and have designated a preferred class beneficiary. This is an important benefit for professionals and business owners who could be involved in an unexpected lawsuit or bankruptcy.

Since there are some circumstances where creditor protection may not apply, you should consult a legal advisor to find out if you are eligible for this kind of protection.

Probate is a legal process that certifies the validity of a will and essentially allows assets to be transferred at death to your heirs. Provincial governments raise money from this by charging probate fees, which are usually a percentage of your estate’s value. However, these fees aren’t charged on segregated funds because this asset doesn’t flow into your estate if you have a designated beneficiary in your contract.

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.

The Standard Life Assurance Company of Canada is a member of Assuris. Details about the extent of Assuris’ protection are available at www.assuris.ca or in its brochure, which can be obtained from your advisor or from Assuris by email at info@assuris.ca or by calling 1-800-268-8099.