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About Mackenzie Guaranteed Investment Funds

(Note: This product is closed to new investments.)

Had enough of the volatility associated with traditional equity investing, but still want growth? Consider Mackenzie Guaranteed Investment Fund policies, issued by The Great-West Life Assurance Company. Mackenzie GIF is our new line of segregated fund policies, insurance products that combine the protective features of an insurance policy with the benefits of an investment fund – diversification, liquidity, growth opportunities and professional management.

Protective features include:

  • Maturity and Death benefit guarantees – 75% to 100% investment guarantee at maturity and/or death (less a proportion for any withdrawals made), depending on the coverage chosen.
  • Estate planning efficiencies – upon death, proceeds of the policy are paid directly to your named beneficiary, avoiding the time and expense of probate.
  • Potential creditor protection – of primary concern for business owners and professionals whose personal assets may be exposed to creditors.

Who can benefit from Mackenzie GIF?

  • Retirees
  • Boomers approaching retirement
  • Business owners
  • Investors with a low tolerance for volatility

Which level of protection is right for me?

We offer three different levels of protection to meet varying investor objectives and time horizons. Whichever option you choose, you can relax, knowing Mackenzie Guaranteed Investment Funds provide the potential for capital appreciation together with the comfort of a guarantee of your investment at death and maturity plus simple estate planning.

  Mackenzie GIF Core Mackenzie GIF Intermediate Mackenzie GIF Enhanced
Choose this option when You want your investment to have growth potential plus the basic protective features of a segregated fund policy.

You don’t require an annual reset provision.

You want all the benefits of Mackenzie GIF Core plus a 100% death benefit guarantee.

An annual reset feature on the death benefit guarantee is optional.

You want all the benefits of Mackenzie GIF Intermediate, plus a 100% maturity guarantee.

An annual reset feature on the maturity guarantee and/or death benefit guarantee is optional.

Guarantees
  • 75% maturity guarantee
  • 75% death benefit guarantee
  • 75% maturity guarantee
  • 100% death benefit guarantee
  • 100% maturity guarantee
  • 100% death benefit guarantee

 

An automatic annual reset locks in investment gains

Mackenzie GIF Intermediate and Mackenzie GIF Enhanced offer an automatic annual reset option, available via rider. A reset option allows you to lock in investment gains while being protected against future market losses.

Mackenzie GIF Intermediate – offers an automatic annual reset on the death benefit guarantee

Mackenzie GIF Enhanced – offers an automatic annual reset on the maturity guarantee and/or death benefit guarantee.

  • Maturity guarantee reset: Takes place annually on the anniversary of the first investment. The final reset occurs on the last anniversary of first investment 15 years prior to the maturity guarantee date. If the maturity guarantee date is extended, resets may resume.
  • Death benefit guarantee reset: Takes place annually on the anniversary of the first investment. The final reset occurs on the last anniversary of the first investment before the annuitant turns 70.

How the automatic reset option benefits you

A reset provision lets you capture market gains by resetting the guaranteed value of your policy at the higher amount. For example, if your original $50,000 investment increased to a market value of $62,000 on the reset date, the guaranteed amount could be locked in at $62,000. On the other hand, if the market value fell to $45,000, the guaranteed value of the policy would remain at the higher amount - $50,000.

Example: Mackenzie GIF Intermediate Resets

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Talk to your advisor* about how Mackenzie GIF can benefit you.

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A description of the key features of the Mackenzie Guaranteed Investment Funds Annuity Contract is contained in the information folder. Subject to any applicable death and maturity guarantee, amounts allocated to a guaranteed investment fund are invested at the risk of the owner, and may increase or decrease in value according to the fluctuations in the market value of the assets of the guaranteed investment fund.

*In Quebec, advisor refers to a financial security advisor for individual insurance and segregated fund policies; and to an advisor in group insurance/annuity plans for group products.

The Great-West Life Assurance Company is the sole issuer of the individual variable annuity contract. Great-West Life and the key design are trademarks of The Great-West Life Assurance Company. It is recommended that you seek advice on using guaranteed investment funds as part of your financial plan.