GMWB Solutions…


There are a Variety of Canadian Companies who offer GMWB’s. Here is a quick view of the top 5 GMWB Providers

Features Empire Life Desjardins (discontinued)Industrial Alliance (discontinued)Manulife (Modified)SunLife (Modified)SSQ
Product Name Class Plus Helios Ecoflextra IncomePlus Sunwise Elite Plus Astra Guaranteed Income
Principle Guarantees (M) Maturity (D) Death (M) 75% (D) 100% (M) 75% (D) 100% (M) 75% (D) 100% (M) 75% (D) 100% (M) 75% (D) 100% (M) 75% (D) 100%
Market Value Resets Every 3 Years Every Year Every 3 Years Every 3 Years Every 3 Years Every 3 Years
Minimum Investment $10,000 $5,000 $25,000 $25,000 $25,000 $10,000
Annual Income Base Bonus Rate of Savings 5% per year for the first 15 years Up to 7% per year for the first 14 years 5% per year for 15 years 5% per year 5% per year for 15 years 5% per year
Guaranteed Income for Life at age 65 5% of account value 5% of account value 5% of account value 4% of account value 5% of account value 4% of account value
MER all inclusive from Low to High 1.44 to 3.42% 1.55 to 4.25% 1.68 to 3.92% 1.25 to 4.17% 1.69 to 4.17% 1.68 to 4.22%

Here is a list and explanation of the features and benefits of the top 7…

Click on each one for a detailed analysis.

Empire Life Class Plus

Standard Life Ideal Income

Canada Life Income for Life

Industrial Alliance EcoFlextra

SunLife Sunwise

Desjardins Helios

TransAmerica 5 for Life

Manulife IncomePlus