When you add the optional Guaranteed Lifetime Withdrawal Benefit (GLWB) to your Helios Contract, you can start receiving guaranteed income as early as age 50, regardless of market downturns.
How your income is calculated
The amount of income you receive from the optional Guaranteed Lifetime Withdrawal Benefit (GLWB)is a percentage of your Helios Contract’s GLWB Protected Value . This percentage is based on your age at the time you make your first GLWB Eligible Withdrawal.
| Age 50 to 54 | 4 % |
| Age 55 to 59 | 4.25 % |
| Age 60 to 64 | 4.5 % |
| Age 65 to 69 | 5 % |
| Age 70 to 74 | 5.5 % |
| Age 75 and up | 6 % |
How the GLWB works
Let's say you deposit $500,000 into a Helios Contract and add the Guaranteed Lifetime Withdrawal Benefit If you retire at age 65, your payout percentage will be 5%. That means you can count on receiving $25,000 a year for the rest of your life. Even if the market crashes, your income will be protected and will not go down.
Guaranteed income for life regardless of market downturns
What if you want to withdraw a higher amount?
You can withdraw more than the amount allowed under the Guaranteed Lifetime Withdrawal Benefit but this excess withdrawal will reduce your income proportionally in subsequent years.
An excess withdrawal reduces the amount of income
What if your RRIF requires you to withdraw a greater amount?
You can withdraw this amount without being penalized. You'll receive a greater amount for that year and it won't decrease your income later on.
The minimum RRIF withdrawal does not reduce your income
Do you want to increase your retirement income?
If the markets do well, you’ll benefit too! The Guaranteed Lifetime Withdrawal Benefit has two built-in mechanisms that can increase your retirement income for life: resets and a bonus.
All information presented on this site is for illustration purposes only and is in no way an indication of past performance or future results.
Click on the underlined terms in green to access their definition. These are defined terms of the Helios Contract that can be found in the glossary of the Contract and Information Folder.
The Contract and Information Folder (PDF, 3,1 MB) contains important information on the Desjardins Financial Security Guaranteed Investment Funds Plan – Helios and the DFS Guaranteed Investment Funds. Please read it carefully before investing. Helios and DFS Guaranteed Investment Funds are registered trademarks owned by Desjardins Financial Security Life Assurance Company. DFS Guaranteed Investment Funds are established by Desjardins Financial Security Life Assurance Company.
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