Addendum to the IG Wealth Management Guaranteed Investments Funds information folder, issued by The Canada Life Assurance Company dated July 2020
Effective November 4th, 2020, The Canada Life Assurance Company (“Canada Life”) will no longer offer the lifetime income benefit option. As of the effective date applications that selects the lifetime income benefit option or a request to add the lifetime income benefit option to an existing policy will not be accepted.
If you selected the lifetime income benefit option prior to the effective date you are entitled to all its benefits. While the lifetime income benefit option is in force you will not be able to make contributions, including pre-authorized contributions, to the contract. If you elect to cancel the lifetime benefit option, you will not be able select it again but will be able to make contributions to the contract.
The Information Folder for the IG Wealth Management Guaranteed Investment Funds is hereby amended accordingly to reflect this change. Other terms and conditions set out in the information folder remain unchanged.
This addendum forms part of the information folder. The information folder contains general information about your policy and includes a summary of the various types of risks that may apply when you invest in a segregated fund. This addendum is not an insurance contract.
Canada Life is the sole issuer of the individual variable annuity policy described in the information folder.
If you have any questions, please contact IG Wealth Management Client Services department at:
IG Wealth Management
447 Portage Avenue
Winnipeg, MB, R3B 3H5
Web English: www.ig.ca
Web French: www.ig.ca/fr
Email: On the Investors Group website please go to the “Contact Us” section
Telephone: 1-888-746-6344 in Quebec 1-800-661-4578
Canada Life and design are trademarks of The Canada Life Assurance Company.™Trademarks, including IG Wealth Management, are owned by IGM Financial Inc. and licensed to its subsidiary corporations.