Guaranteed Lifetime Withdrawal Benefit 

A Guaranteed Lifetime Withdrawal Beneift (GLWB) is a variable annuity that can be used to:

• create a personal pension plan that delivers guaranteed retirement income for life.
• allow for access to funds if necessary.
• protect the growth that comes from equity markets.
• protect the RRIF investor from running out of money as a result of large government imposed RRIF minimum withdrawals that increase annually. 

• Protects your market value and retirement income from a downturn in the market.
  
  
• Locks in increases in the market value of your investments and your retirement income. 
  
  
• Pays a bonus to your account during each year that you do not make a withdrawal.
  
  
• Market value can be redeemed at any time.
   
• The amount going directly to the beneficiary in case of death is guaranteed and bypasses probate (the will) for time and cost savings.
   

During Withdrawal Period

• You can take guaranteed income for life. Life income can be increased as a result of increases in market value and age of the recipient.
   
• The amount going directly to the beneficiary in case of death is guaranteed and bypasses probate (the will) for time and cost savings.
  
  
• Market value can be redeemed at any time.
  
  

 Considerations

• There is a fee charged annually for the guarantee.
  
  
• It is a more complicated product to understand.