Guaranteed Minimum Withdrawal Benefits

These segregated funds provide retirees or near-retirees with a future stream of guaranteed annual payments, like an annuity. However, unlike annuities:

These products can help you protect yourself against:

The choice of income product is a personal one and you should meet with your financial planner to determine what income product best meets your needs.

1 For the Great-West Life GMWB product, please note that excess withdrawals will decrease the annual guaranteed income amount and your clients will no longer be eligible for any future bonuses. An excess withdrawal is a withdrawal that exceeds the annual guaranteed income amount. Other companiesí products may have similar or other limits, penalties and/or tax implications. These should be explored with your financial planner when discussing which income product will best meet your needs.