The Ideal Segregated Funds – Platinum Option is designed for affluent investors or those who wish to consolidate their assets for retirement. For a minimum premium of $250,000, you can take advantage of significantly lower management fees, solid growth potential, built-in capital protection, resets and more – advantages that will surely entice you. This option is available on both savings and registered retirement income plans.
4 reasons why you should consider Platinum Option
Low fees can make a big difference!
Our Ideal Segregated Funds – Platinum Option is a great way to help you grow your nest egg, while maintaining capital protection.
Take a look at the significant difference that low fees can have on a portfolio. To illustrate, let’s compare a $250,000 investment in a fund with lower fees, such as the Ideal Canadian Equity Fund – Platinum Option with the same investment in funds with higher fees. The example below uses a 15-year return of 7% (before fees and expenses).
This illustration is based on projected MERs, therefore actual results will vary.
How our guarantees work
Maturity Benefit Guarantee (savings plans)
Guarantees the contract value or 75% of net premiums1, whichever amount is greater at the Annuity Commencement Date, 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 occurred, from the last reset date.
Payout Benefit Guarantee (registered retirement income plans)
Guarantees income payments of at least 75% of net premiums1 (less any scheduled retirement income payments made) over the lifetime of the contract, 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 occurred, from the last reset date and the contract value is depleted.
Death Benefit Guarantee (savings and registered retirement income plans)
- Under age 80 (age at contract issue)
Guarantees the contract value or 100% of net premiums1 (less any scheduled retirement income payments made, if applicable) on death2, whichever amount is greater.
- Age 80 or older (age at contract issue) Guarantees the contract value or 75% of net premiums1 (less any scheduled retirement income payments made, if applicable) on death2, whichever amount is greater
1 Premiums paid less proportional withdrawals.
2 On non-registered contracts, you can designate someone else as the annuitant (or person insured under the contract), and the Death Benefit Guarantee will be payable on that person’s death.
Resets take it up a notch
Resets can account for significant capital growth, as well as offer strong potential for protection against market downturns.
You can request a reset up to 2 times per contract year, at any time, except in the 10-year period prior to the contract maturity date (or Annuity Commencement Date). Resets are available on our Ideal Segregated Funds — No-load with reset option and Platinum Option.
Platinum Option provides you with additional peace of mind
Potential for creditor protection1
Have you planned ahead to ensure that your money will be safe from creditors in the event of an unexpected bankruptcy? Your Ideal Segregated Fund assets can be protected from creditors provided that a preferred class beneficiary was named.
Probate bypass opportunities2
Working a lifetime to build your estate, you do not want it to dwindle due to costs of probate. Help ensure your loved ones get everything that they are entitled to. If there is a named beneficiary at the time of death, Ideal Segregated Fund assets can be paid directly to your beneficiaries, thus bypassing the estate and avoiding probate fees and other estate-related costs and delays.
Assuris protection
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.
1 Since there are some circumstances where creditor protection may not apply, it is recommended that contractholders consult a legal advisor to find out if they are eligible for this kind of protection.
2 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.
A description of the key features and the terms and conditions are available in the Ideal Segregated Funds - Signature Series Information Folder and Contract.
