Transamerica Guaranteed Investment Funds Information Folder

Effective December 2013
Transamerica Guaranteed Investment Funds
Information Folder
This Information Folder is not complete without the Fund Facts.

Effective December 2013
TRANSAMERICA LIFE CANADA
Transamerica Guaranteed Investment Funds
INFORMATION FOLDER AND ANNUITY POLICY
Any amount that is allocated to a segregated fund is
invested at the risk of the contract holder(s) and may
increase or decrease in value.
This information folder is published for information purposes and is not a Contract. For the terms of the Transamerica Guaranteed
Investment Funds Contract, please consult the Annuity Policy. This information folder should be read together with the Transamerica
Guaranteed Investment Funds Fund Facts. Transamerica Life Canada is the sole issuer of the Transamerica Guaranteed
Investment Funds Contract and the provider of the guarantees under the Contract.

Transamerica Life Canada hereby certifies that this information folder provides brief and plain disclosure of all material facts
relating to the Transamerica Guaranteed Investment Funds annuity contract.
Certified on behalf of Transamerica Life Canada by:
Douglas W. Brooks
President and Chief Executive Officer
Glenn Daniels
Corporate Secretary

Table of Contents
THE PURPOSE OF THIS INFORMATION FOLDER. ................. 1
KEY FACTS ABOUT TRANSAMERICA GUARANTEED
INVESTMENT FUNDS......................................... 1
What am I getting .......................................... 1
What Guarantees are available. ............................... 1
Contract Maturity Benefit .................................. 1
Death Benefit ........................................... 1
What Investments are available ............................... 1
How much will it cost ....................................... 1
What can I do after I purchase this Contract ..................... 1
What Information will I receive about my Contract ................ 2
Can I change my mind ....................................... 2
Where can I get more Information ............................. 2
SUMMARY OF MAIN CONTRACT FEATURES .................... 3
General Information.......................................... 3
Guarantees................................................. 4
Fee and Investment Options ................................... 4
Other Important Information ................................... 6
1. COMMUNICATIONS ....................................... 7
1.1 General Information .................................. 7
1.2 Giving us your instructions ............................. 7
1.3 Correspondence you will receive from us ................. 7
2. THE CONTRACT ........................................... 7
2.1 General Information .................................. 7
2.2 Your Contract ....................................... 8
2.3 Effective Date of Your Contract ......................... 8
2.4 Rescission Rights .................................... 8
2.5 Effective Minimum Guaranteed Amount of Your Contract .... 8
2.6 Contract Owner. ..................................... 8
2.7 Successor Owner .................................... 8
2.8 Joint Owners ....................................... 9
2.9 Annuitant .......................................... 9
2.10 Successor Annuitant. ................................. 9
2.11 Beneficiary ......................................... 9
3. TYPES OF CONTRACTS AVAILABLE ......................... 9
3.1 General Information .................................. 9
3.2 Registered Contracts and TFSA Contracts ................. 9
3.2.1 Registered Retirement Savings Plan (RRSP) ........ 10
3.2.2 Registered Retirement Income Fund (RRIF). ........ 10
3.2.3 Spousal RRSPs/RRIFs ......................... 10
3.2.4 Locked-in Savings Plans (LIRA, LRSP, RLSP) ........ 10
3.2.5 Locked-in Income Plans (LIF, RLIF, PRIF). ........... 10
3.2.6 Tax-Free Savings Account Plans (TFSA) ........... 11
4. Deposits ............................................... 11
4.1 General Information ................................. 11
4.2 Making Deposits.................................... 11
4.3 Scheduled Pre-Authorized Chequing .................... 11
5. Fund Switches ........................................ 12
5.1 General Information ................................. 12
5.2 Unscheduled Fund Switches And Fund Switch Fees ........ 12
5.3 Early Switch Fees ................................... 12
5.4 Scheduled Fund Switches (Dollar Cost Averaging) ......... 12
6. Withdrawals ......................................... 13
6.1 General Information ................................. 13
6.2 Withdrawal Options ................................. 13
6.3 Processing a Withdrawal ............................. 13
6.4 Early Withdrawal Fees and Recovery of Expenses ......... 13
6.5 Information Specific to RRIF/LIF/ RLIF/PRIF Contracts. ...... 13
6.5.1 RRIF Payments ............................... 13
6.5.2 LIF/RLIF Maximum Amount . . . . . . . . . . . . . . . . . . . . . 14
6.5.3 Contracts Held As Self-Directed RRIFs
(Including LIF/ RLIF/PRIF) ....................... 14
7. Guarantees ........................................... 14
7.1 General Information ................................. 14
7.2 Contract Maturity Benefit............................. 14
7.2.1 Contract Maturity Guaranteed Amount. ........... 14
7.2.2 Contract Maturity Date ........................ 16
7.2.3 Contract Maturity Benefit ...................... 16
7.2.4 Default Annuity .............................. 16
7.2.5 Default Annuity for Contracts Issued
in Quebec Only............................... 16
EFFECTIVE NOVEMBER 2012

Table of Contents continued
7.3 Death Benefit ...................................... 17
7.3.1 Transactions and Events that Increase or
Decrease the Death Guaranteed amount .......... 17
7.3.2 Resets of the Death Guaranteed Amount .......... 17
7.3.3 Death Benefit Date ........................... 18
7.3.4 Death Benefit. ............................... 18
7.3.5 Process for Determining the Death Benefit. ........ 18
8. The Investment Options. .............................. 18
8.1 General Information ................................. 18
8.1.1 What is a Segregated Fund .................... 19
8.1.2 Transamerica Guaranteed Investment Funds ....... 19
8.1.3 Transamerica Guaranteed Investment Portfolios .... 19
8.1.4 Index Funds ................................. 19
8.1.5 Derivatives and their Permissible Use. ............ 20
8.1.6 The Risks of Investing in Segregated Funds . . . . . . . . 20
8.2 Investment Objective, Policy and Restrictions ............. 25
8.3 Investment Management of the Funds .................. 26
9. How we calculate the value of your investment .... 26
9.1 Net Asset Value of a Fund ............................ 26
9.2 Unit Value of a Fund ................................. 26
9.3 Valuation Date ..................................... 26
9.4 Market Value of the Contract. ......................... 26
10. Sales Charge Options ................................. 26
10.1 General Information ................................. 26
10.2 Initial Sales Charge Option (Isc) ....................... 27
10.3 Deferred Sales Charge Option (Dsc) .................... 27
10.3.1 Deferred Sales Charge (Dsc) Upon Withdrawal..... 27
10.4 Free Withdrawal Privilege For Dsc Units ................ 27
11. Fees.................................................... 28
11.1 General Information ................................. 28
11.2 Management Fee, Insurance Fee And Operating Expenses .. 28
11.3 Management Expense Ratio .......................... 28
Please see the Fund Facts for more information about MERs.
11.4 Switch Fees, Early Withdrawal Fees, Early Switch Fees
and Recovery Of Expenses .............................28
11.4.1 Switch Fee ...................................28
11.4.2 Early Withdrawal Fee ..........................29
11.4.3 Early Switch Fee ..............................29
11.4.4 Recovery of Expenses ..........................29
11.4.5 Additional Fees .............................. 29
12. TERMINATION OF THE CONTRACT ......................... 29
13. Compensation Paid To Advisors ...................... 29
14. Other Important Information ........................ 29
14.1 Claims of Creditors .................................. 29
14.2 Fundamental Changes And Other Changes ............... 29
14.3 Limitation of Actions ................................ 30
15. Tax Implications ...................................... 30
15.1 General Information ................................. 30
15.2 Taxation of Non-Registered Contracts ................... 30
15.2.1 Taxation of Contract Maturity Benefit and
Death Benefit Top-Up.......................... 31
15.3 Taxation of Registered Contracts ....................... 31
15.3.1 Rrsp....................................... 31
15.3.2 LIRA/LRSP/RLSP ............................. 31
15.3.3 RRIF/LIF/RLIF/PRIF ............................ 31
15.3.4 TFSA....................................... 31
15.3.5 Taxation of Contract Maturity Benefit and Death
Benefit Top-up ............................... 31
16. Custodian ............................................. 31
17. Auditor................................................ 31
18. Material Contracts And Material Facts ............. 31
19. Interest Of Management ............................. 31
20. Glossary .............................................. 31
Annuity Policy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
RSP Endorsement ........................................ 47
rif Endorsement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
Fund facts ................................................54
How to read a Transamerica GIF Fund Facts .............55

Table of Contents continued
Money Market and Fixed Income
Transamerica Canadian Money Market GIF .........................59
Transamerica Canadian Bond GIF .................................61
Transamerica TD Income Advantage GIF. ...........................63
Transamerica Canadian Short-Term Bond GIF ........................65
Canadian Balanced
Transamerica Canadian Balanced GIF ..............................67
Transamerica Canadian Fixed Pay GIF ..............................69
Transamerica Fidelity Canadian Balanced GIF. .......................71
Transamerica Fidelity Canadian Asset Allocation GIF. .................73
Transamerica TD Dividend Balanced GIP. ...........................75
Transamerica TD Dividend Income GIF .............................77
Appendix A – Investment Objectives and
Investment Policies of the Funds .......................104
Appendix B – Underlying Fund and Fund Company
Information..............................................110
Appendix C – Principal Risks of the Funds ...............114
Appendix D – Transamerica Guaranteed
Investment Fund Fees....................................118
Canadian Equity
Transamerica Canadian Equity GIF ................................79
Transamerica Canadian Large Cap Index GIF ........................81
U.S. Equity
Transamerica U.S. Equity Index GIF ................................83
Global Equity
Transamerica Global Growth GIF ..................................85
Asset Allocation Portfolios
Transamerica CI Conservative GIP .................................87
Transamerica CI Canadian Balanced GIP. ...........................89
Transamerica CI Balanced GIP ....................................91
Transamerica CI Growth GIP .....................................93
Transamerica CI Maximum Growth GIP. ............................95
Transamerica Quotential Balanced Income GIF. ......................97
Transamerica Quotential Balanced Growth GIF. ......................99
Transamerica Quotential Growth GIF. .............................101
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THE PURPOSE OF THIS INFORMATION FOLDER
This information folder is not a policy or a contract – it explains the features of
your Contract. This folder does not confer any rights on you or any obligations
on us.
The capitalized terms in this information folder are defined in the Annuity Policy.
KEY FACTS ABOUT TRANSAMERICA GUARANTEED
INVESTMENT FUNDS
This summary briefly describes the basic things you should know before you
apply for this individual variable insurance contract. This summary is not your
contract. A full description of all the features and how they work is contained
in this information folder and your contract. Review these documents and
discuss any questions you have with your advisor.
What am I getting
You are applying for an insurance contract between you and Transamerica
Life Canada. It gives you a choice of investments and guarantees.
You can:
• Choose investment options
• Name a person to receive the death benefit
• Name a person to own the contract after your death
• Name yourself or another person to be the annuitant
• Choose a registered or non-registered contract
• Receive regular payments now or later, depending on your age
The choices you make may affect your taxes and guarantees. Ask your advisor
to help you make these choices.
The value of your contract can go up or down. The guarantees provide some
protection for your investment. Please see section 7, Guarantees for details.
What Guarantees are available
Your contract has maturity and death benefit guarantees. The benefits are
based on the age and life of the annuitant. The guarantees provide some
protection for your investments. You can also get added protection from an
annual death benefit reset.
You pay fees for this protection. The fees are explained below under How
much will it cost
Any withdrawals you make will reduce the guarantees. Please see
section 7 Guarantees.
Contract Maturity Benefit
This guarantee protects the value of your investment on December 31 st of the
year the annuitant turns 100, unless the annuitant dies first. On this date, you
will receive the greater of:
• The market value of the Funds, or
• 75% of the money you put into the Funds, less proportional withdrawal(s).
Death Benefit
This guarantee protects the value of your investment if you die during the term of
the contract (if you are the annuitant). The benefit is paid to someone you name.
The death benefit applies if you die before the maturity date. It pays the
greater of:
• The market value of the Funds, and
• 100% of the money you put in the Funds, less proportional withdrawal(s).
• The death guaranteed amount is automatically reset to the market value, if
higher, on the policy anniversary date until the year the annuitant turns 75.
For full details about how these guarantees work, see sections 7.2 Contract
Maturity Benefit, 7.3 Death Benefit and section 7.3.2, Resets of the Death
Guaranteed Amount in this information folder.
What Investments are available
You can invest in segregated funds. We explain the segregated fund options in
the Fund Facts.
Transamerica Life Canada guarantees the maturity and death benefits.
Transamerica Life Canada does not guarantee the performance of the
segregated funds. Carefully consider your tolerance for risk when you select an
investment option.
Your investment may go up or down.
How much will it cost
The Funds and the sales charge options you select affect your costs.
You can choose up-front (initial) or deferred sales charges. For full details see
section 10, Sales Charge Options.
Fees and expenses are deducted from the segregated funds. The fees pay for
the insurance benefits including resets, the management of the Funds and
taxes. Management expense ratios (MERs) express the percentage of the
segregated fund used to pay for fees and expenses for the segregated fund.
The MER is in the Fund Facts for each segregated fund.
If you make certain transactions or other requests, you may be charged
separately for them. These include withdrawals, early withdrawals, early
switches or more than four switches per year.
Please see the section 11, Fees for details.
What can I do after I purchase this Contract
If you wish, you can do any of the following:
Transfers: You may switch from one Fund to another. See section 5,
Fund Switches for details.
Withdrawals: You can withdraw money from your contract. If you decide to
withdraw money, this will affect your guarantees. You may also need to pay a
fee and taxes. See section 6, Withdrawals for details.
Deposit: You may make lump-sum or regular investments. See section 4,
Deposits for details.
1

Pay-out annuity: On the Contract Maturity Date, the contract will end and an
annuity contract will replace it unless you select another option. See section
7.2.4. Default Annuity.
Certain restrictions and other conditions may apply. Review the contract for
your rights and obligations and discuss any questions with your advisor.
What Information will I receive about my Contract
We will tell you at least once a year the value of your investments and any
transactions you made.
We print audited annual financial statements and unaudited semi-annual
financial statements for the Funds. These are available on our website or you
can request a copy by contacting us.
The current Fund information can be found in the Fund Facts pages on our
www.transamerica.ca website after the audited annual segregated fund
financials are made available.
Can I change my mind
Yes, you can:
• Cancel the contract
• Cancel any deposit you make, or
• Cancel Fund allocation decisions.
To do any of these, you must tell us in writing within two business days of the
earlier of:
• The date you received confirmation, and
• Five business days after the confirmation is mailed to you.
• If you:
(a) cancel the contract or a deposit the amount will be returned to you.
(b) cancel a Fund allocation, the original Fund allocation will be restored.
The amount returned or restored will be the lesser of the amount invested and
the value of the Fund if it has gone down.
We will refund any sales charges or other fees you paid.
If you change your mind about a specific Fund deposit or switch, the right to
cancel only applies to that transaction.
For more information, see section 2.4, Rescission Rights for details.
Where can I get more Information
You may call us at 1-800-PYRAMID (797-2643) or send us an e-mail to
ipservices@transamerica.ca. Information about our company and the products
and services we provide is on our website at www.transamerica.ca.
For information about handling issues you are unable to resolve with your insurer,
contact the OmbudService for Life and Health Insurance at 1-800-268-8099 or on
the internet at www.olhi.ca.
If you live in the Province of Quebec, you may also contact Autorité des
marchés financiers (Centre d’information) Place de la Cité, Tour Cominar,
2640 boul. Laurier, Québec G1V 5C1. Téléphone : Montréal : (514) 395-0337,
Québec : (418) 525-0337, Toll Free : 1 877-525-0337 or www.lautorite.qc.ca
For information about additional protection available for all life insurance
contractholders, contact Assuris, a company established by the Canadian life
insurance industry. See www.assuris.ca for details.
For information regarding how to contact the insurance regulator in your
province visit the Canadian Council of Insurance Regulators website at
www.ccir-ccrra.org.
Any amount that is allocated to a segregated fund is invested at the
risk of the contract holder(s) and may increase or decrease in value.
2

SUMMARY OF MAIN CONTRACT FEATURES
The following table summarizes the main features of the Transamerica Guaranteed Investment Funds Contract.
General Information
Plan Types
Latest age to make deposits
Deposits
Fund Switches
Withdrawals
• RRSP, LIRA, RLSP, RRIF, LIF, RLIF, PRIF, TFSA and non-registered
See section 3, Types of Contracts Available for more information
• Non-Registered, RRIF, LIF, RLIF, PRIF, TFSA Contracts
– The day before the Annuitant turns 76
• RRSP, LIRA, RLSP Contracts (pension jurisdiction requiring an annuity at age 80)
– December 31 st of the year the Annuitant turns 71**
• LIF Contracts regulated by Newfoundland and Labrador
– December 31 st of the year the Annuitant turns 71**
See section 4, Deposits and section 10, Sales Charge Options for more information
** Or latest age to hold under the Income Tax Act (Canada), except that it cannot exceed the day before the Annuitant’s
age 76.
• Non-payout Contracts: Minimum $500 per Contract/ $100 per Fund
• Payout Contracts (RRIF, LIF, RLIF or PRIF plans): Minimum $10,000 per Contract/$100 per Fund
• The monthly Pre-Authorized Cheque (PAC) Deposit minimum amount is $50. The minimum allocation per
Fund is $25.
• Deposits of $2,000,000 or more require pre-approval
See section 4, Deposits for more information
We reserve the right to refuse any Deposit to a Fund if it is outside our minimum or maximum requirements
according to the Administrative Rules in place at that time. WE RESERVE THE RIGHT TO CHANGE OR
MODIFY THESE RULES FROM TIME TO TIME.
• 4 free unscheduled switches per calendar year, thereafter we will charge a switch fee of 2% of the
amount switched
• Minimum switch amount of $100 and a minimum switch amount of $25 per Fund
• We may also charge an early switch fee of 2% of the amount switched if you make an unscheduled
switch within 90 days of allocating a Deposit or a switch to the Fund.
See section 5, Fund Switches for more information
• Minimum withdrawal amount of $100 and a minimum of $25 per Fund
• We may charge an early withdrawal fee of 2% of the amount withdrawn if the unscheduled withdrawal
is made within 90 days of the Deposit.
See sections 6, Withdrawals and 10, Sales Charges for more information.
3

Guarantees
Contract Maturity Benefit
Death Benefit
Resets
• Calculated on the Contract Maturity Date, which is December 31 st of the year the last surviving Annuitant
turns 100, or the last Valuation Date of the year if December 31 st is not a Valuation Date. The Contract
Maturity Date is age 80 for locked-in plans registered under the laws of Newfoundland and age 90 for
locked-in plans registered under the laws of New Brunswick.
• Calculated as the greater of:
(i) the 75% Contract Maturity Guaranteed Amount, and
(ii) the Market Value of the Contract.
See sections 7.2, Contract Maturity Benefit and 9.4, Market Value of the Contract for more information
• Calculated on the Death Benefit Date.
• Calculated as the greater of:
(i) the Death Guaranteed Amount, and
(ii) the Market Value of the Contract.
See sections 7.3, Death Benefit and 9.4, Market Value of the Contract for more information
• Resets may increase the value of the Death Guaranteed Amount of the Contract.
• Resets are performed automatically every year, on the Policy Anniversary Date, if the Market Value of the
Contract is greater than the value of the Death Guaranteed Amount.
• A final reset of the Death Guarantee Amount will be made on the Policy Anniversary Date of the year the
Annuitant turns age 75.
See section 7.3.2, Resets of the Death Guaranteed Amount for more information.
Fee and Investment Options
Investment Options
Sales Charges
• The Funds available under this Contract are diversified by asset class, geographic region and investment style.
• Individual funds as well as portfolio or asset allocation funds are available.
• Fund Units are valued daily on each Valuation Date.
Please consult the Fund Facts for the investment objective, policy and risks associated with
each Fund.
• There are two sales charge options available for the Funds in the Contract:
(i) Initial Sales Charge (ISC); and
(ii) Deferred Sales Charge (DSC).
• Under the ISC option, a sales charge that you negotiate with your Advisor is deducted from the Premium
before Units are allocated to your Contract. The initial sales charge is paid as compensation to your
Advisor. The Fund Units allocated to your Contract will be ISC Units.
• Under the DSC option, we pay your Advisor compensation at the time of the Deposit, and the full Premium
is used to allocate Units to the Contract. You pay us a declining fee if you make a withdrawal within the
first 6 years of the Deposit. Thereafter, there is no DSC fee on those Units. The Fund Units allocated to
your Contract will be DSC Units.
• You are entitled to a 10% free withdrawal each year of the DSC Units allocated to the Funds within the
Contract. This privilege is prorated in the first year of Deposit. Any unused portion of the privilege cannot
be carried forward to future years.
• You may hold both DSC and ISC Units in the same Contract.
See section 10, Sales Charge Options for more information
4

Fee and Investment Options
Fees
• The fees charged to the Funds in this Contract consist of:
– management fees
– insurance fees, and
– operating expenses
• Each Fund pays a management fee to us for providing the management of the Fund, commissions and
service fees payable to Advisors.
• Each Fund pays an insurance fee for the costs of providing the Maturity Benefit, Death Benefit and Reset
of the Death Guaranteed Amount.
• Each Fund also pays its own operating expenses.
• Each Fund also pays the applicable taxes.
• Management fees, insurance fees, operating expenses and applicable taxes are deducted daily before the
calculation of the Unit Value of the Fund.
• Management fees, insurance fees, operating expenses and applicable taxes vary for each Fund and are
incorporated in the Management Expense Ratio (MER) of a Fund.
• Where the Fund invests in an Underlying Fund(s), the management fee and the MER of the Fund includes
the corresponding management fee and the MER of the Underlying Fund(s), and there is no duplication of
fees for the same service.
Transactional Fees
• In addition to these fees, there are certain transactional fees we can charge that are intended to
discourage behaviour that can negatively impact the returns of the Funds. Specifically, we will charge a:
– switch fee of 2% of the amount switched if you make more than 4 unscheduled switches in one year.
• We may also charge:
– an early withdrawal fee of 2% of the value of Units withdrawn if you make a withdrawal within
90 days of allocating those Units to the Fund
– an early switch fee of 2% of the value of Units switched if you make a switch within 90 days of
allocating a Deposit or a switch to the Fund
See section 11, Fees for more information
Please consult the Fund Facts for the management fee, insurance fee, maximum insurance fee and
MER of each Fund.
5

Other Important Information
Fundamental Changes
Tax
Financial Information about the Funds
• You have certain rights if we make changes that are considered fundamental.
A fundamental change is:
– an increase in the management fee of a Fund;
– a change in the fundamental investment objectives of a Fund;
– a decrease in the frequency with which Units of a Fund are valued; or
– an increase in the maximum insurance fee of a Fund.
See section 14.2, Fundamental Changes and Other Changes for more information
• You will be allocated income and capital gains and losses based on the number of Units of each Fund
allocated to you. You may be taxed on the income allocated and gains realized.
• Switches, withdrawals, discontinuance of a Fund and reallocation to another Fund, substitution of an
Underlying Fund may result in a taxable event.
• Where required, we will issue a tax slip following the end of the year showing the income, capital gain
and capital losses for Units of Funds allocated to you.
See section 15, Tax Implications for more information
Please review the Fund Facts in this Information Folder before entering into this Contract.
• Audited annual financial statements and unaudited semi-annual financial statements are available
upon request by writing to us at our Head Office at 500 – 5000 Yonge Street, Toronto, Ontario, M2N 7J8.
Attention: Investment Products, Operations. You may also access these documents at www.transamerica.ca.
Any amount that is allocated to a Transamerica Guaranteed Investment Funds Contract is invested at the risk of the contract holder(s)
and may increase or decrease in value.
6

1. COMMUNICATIONS
1.1 General Information
In this Information Folder, “you”, “your” and “Owner” mean the
person who is the Owner of the Contract or holder of rights under the
Contract. “We”, “our”, “us”, “Transamerica” and the “Company” mean
Transamerica Life Canada. Transamerica is a life insurance company
established under federal legislation.
Transamerica Life Canada is one of Canada’s leading individual
life insurance providers, with over $10 billion in total assets under
management and total gross premium revenue of $805 million in 2012.
We offer innovative and flexible life and protection products, services
and solutions geared to Canadians at every stage of life through a
national network of independent advisors.
With headquarters in Toronto, Transamerica Life Canada has offices
in Vancouver, Calgary, London and Montreal. We provide challenging
and rewarding careers in the continually evolving financial services
industry and have a commitment to developing talent. We also have a
strong commitment to giving back to the communities in which we live
and work through multiple programs. Most notable are: in the spirit
of hope which is designed to provide funding to charities that are
dedicated to the prevention and elimination of heart disease, stroke,
cancer and diabetes; the Employee Initiative program through which
the organization contributes to charities our employees support; and
our year-round commitment to raising funds for the United Way.
Please visit www.transamerica.ca to learn more about
Transamerica Life Canada.
1.2 Giving us your instructions
When we ask you to “notify us in writing,” please send your
correspondence to our head office at: Transamerica Life Canada,
500 – 5000 Yonge Street, Toronto, Ontario, M2N 7J8.
1.3 Correspondence you will receive from us
When we say “we will notify you,” we mean that we will send a
written notice to your address as shown in our files.
From time to time we will notify you of important information or
request your instructions. It is important for you to notify us if your
address changes to ensure you receive information about your
policy. We are not responsible for any missed opportunities or losses
resulting from your address not being kept up to date.
Where the Contract is held in nominee name, our correspondence to
you may be directed to a third party based on the authorization you
have given to the third party.
We will send you or your nominee:
• statements for the Contract at least annually,
• upon request, annual audited financial statements for the Funds
available within the Contract,
• upon request, semi-annual unaudited financial statements for the
Funds available within the Contract,
• notices under the terms of the Contract, where applicable and
• upon request, copies of the Simplified Prospectus, Annual
Information Form and audited Financial Statements of the
Underlying Funds.
The annual audited and semi-annual unaudited financial statements
for the Funds are also available at any time on our website
(www.transamerica.ca).
Current performance of the Funds and their corresponding Fund Facts
pages are available on our website (www.transamerica.ca).
2. THE CONTRACT
2.1 General Information
Transamerica Guaranteed Investment Funds is an insurance
contract, legally known as an individual variable insurance contract. The
Contract is an annuity because at the Contract Maturity Date, an annuity
will be issued based on your life, unless you instruct us otherwise.
If you choose to register the Contract as a retirement plan, an
endorsement will be issued. The endorsement overrides the provisions
of your Contract that are inconsistent with the endorsement.
When you allocate premiums, also referred to as a “Deposit”, to a
Fund, you do not become a unitholder of the segregated funds or
Underlying Funds available under the Contract. Instead, you acquire
certain benefits under the Contract. To determine the extent of your
benefits and to record your interest under your Contract, we use a
notional measure called “Units”. You do not legally own Units because
at law, the assets of the segregated funds are owned by the Company.
These assets are required to be segregated from the Company’s other
assets. Generally speaking, the effect of keeping the segregated funds
separate from other assets is to give contract holders prior claim
over other claimants against the assets of the segregated fund if the
Company is insolvent. Please be mindful of this when you read the
Contract documents.
We may change our Administrative Rules at any time without notice
at our discretion to reflect corporate policy, economic and legislative
changes. We have the right in accordance with our Administrative
Rules to refuse to open new Contracts.
We have the right to limit the number of Contracts held by you
or the Deposits made to any of them.
7

2.2 Your Contract
Your “Contract” with us consists of:
• the attached TGIF annuity policy
• any endorsements or riders incorporated by reference into the
annuity policy at the time of its issue
• the application
• amendments that we agree to in writing after your Contract is issued
The following information presented in the Fund Facts documents also
forms part of the Contract:
• Name of the Contract and the segregated funds
• Management Expense Ratio, fees and expenses
• Risk disclosure
• Right to cancel
The Fund Facts documents are included in the Information Folder
and are also available on our website at www.transamerica.ca. The
information provided in the Fund Facts is accurate and complies with
the requirements of the Individual Variable Insurance Contract Guideline
as of the date the information was prepared. Any error in the Fund Facts
information described above will be remedied by correction of the error,
where reasonable, but will not entitle you to benefit from the error.
You may also cancel the Contract, any deposit(s) or Fund allocation
(switch) in accordance with the rules described in section 2.4
(Rescission Rights).
2.3 Effective Date Of Your Contract
Your Contract is effective on the later of the Valuation Date of the
first Deposit and the acceptance of the Contract in accordance
with our Administrative Rules. Delivery of the Annuity Policy does
not constitute our acceptance of a Contract. We will send you a
transaction confirmation for the Deposit. It will state the Effective
Date of the Contract. The Effective Date is also the date on which
the Policy Anniversary Date is set. In the case of leap years, if the
Effective Date is on February 29 th , the Policy Anniversary will be set at
February 28 th .
2.4 Rescission Rights
You may cancel the Contract, any Deposit(s) or any Fund allocation
(switch) provided you send us written notice requesting the
cancellation within two Business Days of the earlier of (i) the date you
receive the transaction confirmation and (ii) five Business Days after it
is mailed by us.
On the Valuation Date we receive your request for cancellation of:
(a) the Contract or a Deposit, the value of cancelled Units will be
refunded to you.
(b) an allocation between Funds (switch), the value of the cancelled
Units will be returned to the immediately preceding Fund
allocation.
The value of the cancelled Units will be the lesser of:
(i) the market value of the Units on the Valuation Date of the Deposit
or switch; and
(ii) the market value of the Units on the Valuation Date your
cancellation request was received by us.
Any sales charges or other fees charged to you for the Deposit or
switch will be reversed.
A cancellation of a Fund switch will include a reversal of any fees
resulting from the switch but will not be refunded in cash.
A request for cancellation must clearly identify the specific transaction
you wish to cancel.
2.5 Effective Minimum Guaranteed Amount of your Contract
Subject to any applicable legislative requirements, if all the
Guaranteed Amounts, including the Death Guaranteed Amount and the
Contract Maturity Guaranteed Amount are less than $500, we reserve
the right to terminate the Contract upon 30 days’ notice and forward
to you the Market Value of the Contract, minus of any applicable
charges, fees and taxes.
2.6 Contract Owner
You are the Owner of the Contract. As Owner, you are entitled to
all rights under the Contract. Your rights may be limited if you have
named an irrevocable Beneficiary, if you have assigned the Contract or
if your Contract is a registered plan.
The Owner must be a Canadian resident at the time the Contract is issued.
The Owner may be an individual, a corporation or more than one
individual as permitted by our current Administrative Rules and
applicable laws.
You can change the Owner of the Contract by notifying us in writing. A
change of ownership must be in accordance with governing legislation
and the Administrative Rules that we have in place at that time.
There may be tax implications to such change and you should discuss
the matter with your advisor prior to making a change. Subject to
the terms in section 2.8, a change in ownership will not change the
Contract features, including the Contract Maturity Benefit and the
Death Benefit.
You cannot borrow money from the Contract.
You may be able to use the Contract as security for a loan by assigning
it to the lender. The rights of the lender may take precedence over
the rights of any other person having a claim over the Contract. An
assignment of this Contract may restrict or delay certain transactions
otherwise permitted.
2.7 Successor Owner
You may designate a Successor Owner, who will assume Ownership
of the Contract upon your death. This designation may be useful when
you have designated an Annuitant other than yourself or a Successor
Annuitant. In naming a Successor Owner, upon your death ownership
8

of the Contract will be transferred directly to the Successor Owner
rather than to the executor of your estate. In Quebec, the Successor
Owner is called the subrogated policyholder.
If you are also the Annuitant and have not named a Successor Annuitant,
the Contract will end on your death and the Death Benefit will be paid
to your Beneficiary or your estate. In that case, the ownership of the
Contract will not be transferred to the Successor Owner.
2.8 Joint Owners
The Contract can be jointly owned or held by two Owners. The type
of joint ownership available for this Contract is “Joint Tenancy with
Right of Survivorship”. Under this type of ownership, each joint Owner
holds an undivided interest in the entire Contract. Both joint Owners
have to agree to changes and transactions made within the Contract.
On the death of one Owner, who is not the Annuitant, the surviving
Owner will become the sole Owner. This form of ownership is not
available in Quebec.
2.9 Annuitant
The Annuitant is the person on whose age and life the Contract
Maturity Benefit is measured and on whose death the Death Benefit
is payable. The Annuitant is designated by you on your initial
application. If you choose to set up your Contract as a registered
plan, you must be the Annuitant. The Annuitant must be a Canadian
resident at the time you open your Contract. We have the right in
accordance with our Administrative Rules to:
(i) require medical evidence of the health of the Annuitant or
Successor Annuitant and refuse to accept Deposits if the medical
evidence is unsatisfactory or incomplete.
(ii) require proof of age or sex of any person upon whose age or sex
any payment depends. If this information has been misstated, we
reserve the right to recalculate the withdrawal benefits to those that
would have been provided for the Annuitant’s correct age or sex.
Subject to the terms of the Contract and our consent, you may, for
non-registered plans, request a change of Annuitant under your
Contract by notifying us in writing. Before consenting to such a
change, we may require, among other things, acceptable medical
evidence of the new Annuitant’s health. When the Annuitant is
changed, the Contract Maturity Date and the latest age to
Deposit will be based on the new annuitant’s age. Please be
mindful and discuss the effect of the change with your Advisor.
We have the right to limit the number of Contracts with the
same Annuitant.
2.10 Successor Annuitant
For non-registered plans, you may designate any person as Successor
Annuitant who will become the Annuitant upon the primary
Annuitant’s death.
You may only designate your spouse or common-law partner (as the
terms are defined under the Income Tax Act (Canada)) as Successor
Annuitant if the Contract is issued as a TFSA or Retirement Income
Fund (“RIF”) plan. The designation of your spouse or common-law
partner as Successor Annuitant and the removal of a previously named
Successor Annuitant must be made while the Annuitant is alive.
Upon the death of the primary Annuitant, if you have named a
Successor Annuitant, the Contract will continue and no Death
Benefit will be payable.
2.11 Beneficiary
You may also designate one or more beneficiaries under your Contract.
The Beneficiary is the person who will receive the Death Benefit on
the death of the last surviving Annuitant.
You can designate the Beneficiary as revocable or irrevocable.
If you designate a revocable Beneficiary, you may change the
Beneficiary at any time while the Annuitant is living, by notifying us
in writing. The change will be effective when you sign the declaration
changing the Beneficiary, except that we will only be responsible for
acting upon information that has been filed with us at our Head Office
before the death benefit has been paid.
Please be mindful if you designate the Beneficiary as
irrevocable, you may not make certain changes to the Contract
without the consent of the irrevocable Beneficiary.
In the Province of Quebec, the designation of your married or civil
union spouse as Beneficiary is considered irrevocable unless the
designation is specifically made revocable.
If you do not designate a Beneficiary, you or your estate will receive
the Death Benefit under your Contract on the death of the Annuitant.
Special rules apply to Contracts held in nominee name, please review
with your Advisor.
3. TYPES OF CONTRACTS AVAILABLE
3.1 General Information
The Contract can be set up as non-registered or registered.
3.2 Registered Contracts and TFSA Contracts
The limitations described in this section are exceptions to the
general information provided in the information folder and apply to
registered contracts only. Registered plans are tax efficient investment
vehicles. There are also legislative restrictions on contracts issued as
registered plans.
The registered Plans available include:
• Registered Retirement Savings Plan (RRSP),
• Spousal RRSP,
• Locked-In Retirement Account (LIRA),
• Locked-In Retirement Savings Plan (LRSP),
• Restricted Locked-In Savings Plan (RLSP),
9

• Registered Retirement Income Fund (RRIF),
• Spousal RRIF,
• Life Income Fund (LIF),
• Prescribed Retirement Income Fund (PRIF),
• Restricted Life Income Fund (RLIF), and
• Tax-Free Savings Account Plan (TFSA).
Not all variations of registered Contracts may be available to you
depending on the source of the initial Deposit and the province of
purchase.
We have the right to limit the number of Contracts held by you
or the Deposits made to any of them. Please see section 4,
Deposits, for additional information.
For registered and TFSA Contracts:
• You are both the Owner and the Annuitant.
• You cannot borrow money from the Contract.
• You cannot use the Contract as security for a loan or assign it to a
third party.
• The Contract will be registered under the provisions of the Income
Tax Act (Canada).
• You do not pay taxes on earnings as long as they remain inside the
plan. With the exception of a TFSA, any money withdrawn from a
registered Contract is taxable in your hands. We will deduct any
required withholding tax from the amount you withdraw.
3.2.1 Registered Retirement Savings Plan (RRSP)
Once you reach the end of the year that you attain age 71 (or the
latest age to own under the Income Tax Act (Canada)), you must
convert the RRSP to:
• a RRIF,
• an immediate annuity, or
• cash (in one lump sum).
Unless you indicate otherwise, if the Contract is in force on December
31 st of the year you turn 71 (or the latest age to own under the Income
Tax Act (Canada)), we will automatically change the registration status
from an RRSP to a RRIF.
3.2.2 Registered Retirement Income Fund (RRIF)
A RRIF must pay you a minimum amount each calendar year, starting
by the end of the year after the year in which you purchase the RRIF. A
RRIF is funded by a transfer from an RRSP. You are the Owner and the
Annuitant of a RRIF.
The RRIF Minimum Amount is calculated by multiplying the closing
Market Value of the Contract on December 31 st of the previous year by
the percentage determined under the Income Tax Act (Canada).
When legislation permits, you can elect to have the RRIF minimum
percentage based on the age of your spouse or common-law partner
(as the terms are defined under the Income Tax Act (Canada)). You
must make this election at the time you purchase the Contract and
once this election is made, it cannot be changed while the Contract is
in force.
3.2.3 Spousal RRSPS/RRIFS
An RRSP that is funded by your spouse and owned by you, is a
Spousal RRSP. You are the Owner and the Annuitant of a Spousal
RRSP and your spouse is the contributor of Deposits.
A RRIF that is funded by a transfer from a Spousal RRSP and owned
by you is a Spousal RRIF. You are the Owner and the Annuitant of a
Spousal RRIF.
3.2.4 Locked-In Savings Plans (LIRA, LRSP, RLSP)
A LIRA (called LRSP in certain jurisdictions) is registered as an RRSP
for tax purposes with contractual terms that are specially designed to
hold pension funds for a former pension plan member, former spouse
or common-law partner, or survivor. You cannot access assets in a
LIRA until you reach a certain age, which depends on the provincial
legislation that governs your plan.
A RLSP is only available for locked-in funds governed by the federal
pension legislation. It is designed to accept transfers from a
Restricted Life Income Fund (RLIF) for individuals who no longer wish
to receive income from the RLIF.
Once you reach the end of the year that you attain age 71 (or the
latest age to own under the Income Tax Act (Canada), you cannot take
the proceeds in cash, you must convert the LIRA, RLSP or LRSP to:
• a LIF, RLIF or PRIF (except in Manitoba) where applicable; or
• a life annuity.
Unless you indicate otherwise, if the Contract is in force on December
31 st of the year you turn 71 (or the latest age to own under the Income
Tax Act (Canada)), we will automatically change the registration status
from a LIRA/ LRSP to the applicable LIF as allowed under pension
legislation. In the case of a:
• Saskatchewan regulated LIRA, we will automatically change the
registration status from a LIRA to a PRIF.
• Federally regulated RLSP, we will automatically change the
registration status from a RLSP to a RLIF.
3.2.5 Locked-In Income Plans (LIF, RLIF, PRIF)
For a LIF, RLIF or PRIF, the Contract is registered as a RRIF for tax purposes
A LIF, RLIF and PRIF are vehicles used to hold and pay out pension funds.
A LIF, RLIF or PRIF Contract may only be issued at the ages permitted by
the applicable pension legislation governing the former pension plan.
When transferred, spousal rights prescribed under pension legislation
are preserved unless otherwise waived. Some jurisdictions may
require that you obtain spousal consent or a spousal waiver form
before we can facilitate such a transfer.
10

You must withdraw a minimum amount each calendar year, starting
by the end of the calendar year after the year in which you open a LIF,
RLIF or PRIF. For a LIF and RLIF, there is a maximum amount that may
be withdrawn each calendar year.
Depending upon the legislation governing your former pension plan,
a LIF may require you to purchase a life annuity with the balance
of the Funds by a certain date before the Contract Maturity Date.
Payment of the annuity fulfils our obligations under the Contract in
full. Please consult your LIF endorsement and your advisor for
more information.
3.2.6 Tax-Free Savings Account Plans (TFSA)
For a TFSA, the Contract is registered as a TFSA for tax purposes.
The Owner must be a minimum of 18 years of age.
Your TFSA Deposits are not tax deductible. Any unused TFSA
contribution room will accumulate and can be carried forward to
subsequent years.
Withdrawals are not subject to income tax and will restore your
contribution room equal to the withdrawal amount(s) in the following
calendar year. If you re-contribute amounts in the same year that you
withdraw from a TFSA, you may be subject to substantial penalties
imposed by the Canada Revenue Agency (CRA).
No tax is payable on earnings accumulated in the Contract.
4. Deposits
4.1 General Information
The latest age for Deposits into a Contract varies with the type of
Contract you select.
Plan type
Non-registered, RRIF, LIF, RLIF, PRIF
and TFSA
RRSP, RLSP and LIRA, Newfoundland
and Labrador LIF
Latest age to deposit
The day before the
Annuitant turns 76
December 31 st of the year
the Annuitant turns 71*
*Or the latest age to hold under the Income Tax Act (Canada), except that it
cannot exceed the day before the Annuitant’s age 76.
The minimum initial Deposit required to issue your Contract is $500
or $10,000 for a RRIF, LIF, RLIF or PRIF plan. The minimum that can
be allocated to a specific Fund is $100. Each additional Deposit
to the same Fund must be at least $100. Subject to our current
Administrative Rules, the monthly minimum Pre-Authorized Chequing
(PAC) Deposit amount is $50. The minimum allocation per Fund is $25.
You need our prior written approval for Deposits above $2,000,000.00.
We have the right in accordance with our Administrative Rules to:
• refuse to accept Deposits
• limit the amount of Deposits allocated to a Fund
• refund Deposits previously accepted within 90 days
4.2 Making Deposits
Until the latest age to make a Deposit and before the Contract
Maturity Date and the death of the Annuitant, you may make
Deposits, subject to the Administrative Rules in place at that time.
These restrictions are in addition to any age restrictions on Deposits
imposed by law.
You may elect to make a Deposit under the Initial Sales Charge (ISC)
or the Deferred Sales Charge (DSC) option.
If you choose the ISC option, a sales charge between 0 and 5%, (to
be negotiated between you and your advisor) will be deducted from
the Premium for investment before we allocate Units to the Contract.
The remaining amount will be divided by the Unit Value of the Fund,
effective on the Valuation Date of the Deposit, to determine the number
of the applicable Units of the Fund to be allocated to the Contract.
If you choose the DSC option, the entire Premium will be divided by the
Unit Value effective on the Valuation Date of the Deposit to determine
the number of the applicable Units of the Fund to be allocated to the
Contract. Under this option, a sales charge will be deducted on a
declining scale from any withdrawals made within the first 6 years of
the Effective Date of the Contract. Please see section 10.3.1, Deferred
Sales Charge (DSC) Upon Withdrawal for more information.
All Deposits must be made in Canadian dollars.
If we do not receive your Deposit and all of the necessary documents
in good order within the required period of time set out in our
Administrative Rules, we will cancel the Units allocated to your
Contract on the next business day.
If your payment comes back to us marked NSF (Not Sufficient Funds),
we reserve the right to charge a fee to cover our expenses.
The value of Units allocated to the Contract in respect of a
particular Fund is invested at the risk of the contractholder and
may increase or decrease in value.
4.3 Scheduled Pre-Authorized Chequing
Pre-Authorized Chequing or PACs are scheduled Deposits made for
a set amount, frequency and Funds that you have selected. You may
elect PAC Deposits to be made on an annual, semi-annual, quarterly,
monthly, bi-weekly and weekly basis.
PACs are available for Non-registered, TFSA and RRSP Contracts.
We will make regular PAC withdrawals directly from your bank
account, as authorized by you.
We have the right to cancel the PAC at any time, upon 10 days
notice to you.
If we discontinue a Fund or close a Fund to new Deposits, we have
the right to direct the PAC to another Fund. Please see section 8, The
Investment Options for more information on Fund discontinuance.
Subject to our Administrative Rules, we will stop processing Deposits
by PAC if they are returned unprocessed. You will be required to notify
us in writing to re-establish Deposits to the Contract by PAC.
11

Please see the application for terms and conditions applicable
to PAC.
5. Fund Switches
5.1 General Information
At any time before the Contract Maturity Date or the death of the
Annuitant, you may request a switch of monies between Funds within
the same sales charge option (i.e. ISC to ISC) and the same Contract
on an unscheduled or scheduled basis.
Whenever you switch between Funds, you do not incur surrender
charges and your guarantees are not impacted. Certain Fund switches
may give rise to fees. A switch in a non-registered contract is a
taxable transaction. Please see sections 5.2, Unscheduled Fund
Switches and 5.3, Early Switch Fees for more information.
Moving between Funds of different sales charges (i.e. DSC to ISC)
is not considered a switch and may trigger surrender fees. This
transaction is processed as a withdrawal from the Contract and a
subsequent Deposit back into the Contract. Guarantees will be
impacted. Please see section 6.1 Withdrawals, General Information.
This is a taxable transaction, and is subject to the latest age to make
a Deposit rule. Please see section 4.1, Deposits, General Information.
Fund switches are not permitted between different Contracts.
Because the Funds are generally considered to be long-term
investments, we discourage investors from excessive trading in
Units of a Fund with the object of realizing a short-term gain. Such
trading may not only harm a Fund’s performance, but may also affect
the value of other owners’ interests in the Fund. We will deduct a
switch fee of 2% for the 5 th and subsequent switches made within
a calendar year. In addition we reserve the right to charge an early
switch fee of 2% of the value of Units switched if you make a switch
within 90 days of allocating those Units to the Fund. Please see
section 5.2, Unscheduled Fund Switches and Fund Switch Fees and
5.3, Early Switch Fees for more information.
We reserve the right to delay switches in unusual or exceptional
circumstances where it is not practical to dispose of investments
made in a Fund or where it would be unfair to other Owners.
The value of the Units cancelled or acquired to effect a Fund
switch is invested at the risk of the contractholder and may
increase or decrease in value.
5.2 Unscheduled Fund Switches And Fund Switch Fees
You may request a Fund switch up to four times in any calendar year
free of charge. We count all switches made on a single day as one
switch. You may not carry forward any unused portion of this privilege
from one year to the next.
We will deduct a Fund switch fee of 2% of the amount switched
for the fifth and subsequent switches in the same calendar year.
Transamerica reserves the right to change this fee at any time upon
60 days advance notice.
The switch fee will reduce the Contract Maturity Guaranteed
Amount and Death Guaranteed Amount proportionally.
When you switch between Funds, it is your oldest Units that are
switched first.
If your Contract is non-registered, switches are considered a
disposition under the Income Tax Act (Canada) and will be taxable.
Please see section 15.2, Taxation of Non-Registered Contracts for
more information.
We have the right to:
• refuse any Fund switch request,
• limit the amount switched to any particular Fund(s), and
• impose additional conditions at our discretion before any Fund
switches are made.
5.3 Early Switch Fees
We reserve the right to charge an early switch fee of 2% of the value
of Units switched if you make a switch within 90 days of allocating
those Units to the Fund. Transamerica reserves the right to change
this fee at any time upon 60 days advance notice.
The early switch fee will reduce the Maturity Guaranteed
Amount and Death Guaranteed Amount proportionally.
If your Contract is non-registered, the early switch fee will be
considered a disposition under the Income Tax Act (Canada) and
will be taxable. For more information, please refer to section 15.2,
Taxation of Non-Registered Contracts for more information.
5.4 Scheduled Fund Switches (Dollar Cost Averaging)
You may request to have scheduled Fund switches for your Contract.
Scheduled Fund switches are commonly referred to as a “Dollar Cost
Averaging” (DCA) service. There are no switch fees applicable for this
service and such switches are in addition to the four Fund switches
per calendar year that are free of charge.
You can arrange to have scheduled Fund switches between Funds,
subject to having sufficient value in the Fund from which monies are
switched. You must provide us with the frequency, amount, start date
and the Funds where monies will be switched.
Scheduled Fund switches are subject to a minimum of $100 with a
minimum of $25 per Fund.
We reserve the right to cancel the scheduled Fund switches at
any time or direct the scheduled Fund switches to a Similar Fund,
according to the Administrative Rules that we have in place at the
time. If we were to close or restrict new Deposits to a Fund, we
will provide you with advance notice of our intentions and the Fund
options available to you.
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6. Withdrawals
6.1 General Information
At any time before the Contract Maturity Date and the death of the
Annuitant, you may make withdrawals from your Contract, according
to our Administrative Rules
You may decide to make withdrawals on a scheduled or
unscheduled basis.
Requests for withdrawals must meet minimum amounts that we
have in place at the time you make the request. The current minimum
withdrawal amount is $100 with a minimum of $25 per Fund.
Any applicable deferred sales charges, fees or withholding taxes
that you must pay are deducted from the withdrawal. The minimum
withdrawal amounts are calculated before applicable deferred sales
charges, fees and withholding taxes are deducted.
Withdrawals may result in either a capital gain or a capital loss
since they create a taxable disposition. Please see section 15, Tax
Implications for more information.
Withdrawals will reduce the Market Value of the Contract, the
Contract Maturity Guaranteed Amount and the Death Guaranteed
Amount. Please see section 7, Guarantees for more information.
The values of the Units of a Fund that are withdrawn fluctuate
with the Market Value of the underlying assets and are not
guaranteed.
6.2 Withdrawal Options
There are two categories of withdrawal options: scheduled
and unscheduled.
Scheduled Options include Systematic Withdrawal Plans or “SWPs”
that can be requested on an annual, semi-annual, quarterly or
monthly basis.
For Scheduled options relating to RRIF Contracts, you may elect
to withdraw the RIF Minimum Amount or payments on a custom
basis (you select the amount). We are required to pay you the RRIF
Minimum Amount even though you may have elected a lesser amount.
For certain locked-in plans, the amount withdrawn cannot exceed the
maximum annual amount prescribed by applicable legislation.
Unscheduled options may be customized in amount and frequency at
your discretion, subject to our minimum withdrawal amounts.
6.3 Processing a Withdrawal
A withdrawal request will be processed when it is received in good
order at our head office. We will pay you the value of the withdrawn
Units, after deducting:
• any applicable Deferred Sales Charge,
• any unpaid administrative fees and charges you owe us, and
• any applicable withholding tax.
We have the right to delay the effective date of any withdrawal order
from any Fund for up to seven business days in order to properly
process your withdrawal.
In the event of exceptional or unusual circumstances, we have the
right to delay payment of any withdrawal amount for the duration of
the exceptional or unusual circumstances.
If the value of the Fund on the date of the withdrawal is insufficient to
permit us to make the requested withdrawal, we will proceed as follows:
• In the case of an unscheduled withdrawal, the withdrawal will not
be processed and we will request further instructions from you.
• In the case of a scheduled withdrawal, the withdrawal will be
processed based on our current administrative practices.
6.4 Early Withdrawal Fees and Recovery of Expenses
We may apply an early withdrawal fee of 2% of the value of Units
withdrawn if the withdrawal is made within 90 days of allocating
those Units to the Contract. This fee does not apply to scheduled
withdrawal payments nor to the 10% free withdrawal privilege.
This fee will be in addition to any applicable DSC. Transamerica
reserves the right to change this fee at any time upon 60 days
advance notice.
The early withdrawal fee will reduce the Maturity Guaranteed Amount
and Death Guaranteed Amount proportionally.
If your Contract is non-registered, the early withdrawal fee will be
considered a disposition under the Income Tax Act (Canada) and
will be taxable. For more information, please refer to section 15.2 –
Taxation of Non-Registered Contracts for more information.
6.5 Information Specific to RRIF/LIF/ RLIF/PRIF Contracts
6.5.1 RRIF Payments
If you are the Owner of a RRIF/LIF/ RLIF/PRIF Contract:
• In the calendar year you purchase the RRIF, LIF, RLIF or PRIF Contract,
you are not required to make a withdrawal from the Contract.
• Starting in the second calendar year, the Income Tax Act
(Canada) requires that a minimum amount be paid to you from
the Contract each calendar year. We refer to this amount as the
RRIF Minimum Amount.
• The RRIF Minimum Amount is calculated by multiplying the closing
Market Value of the Contract on December 31 st of the previous
year by the percentage determined under the Income Tax Act
(Canada). When legislation permits, you can elect to have the RRIF
minimum percentage based on the age of your spouse or commonlaw
partner (as the terms are defined under the Income Tax Act
(Canada). You must make this election at the time you purchase the
Contract and once this election is made, it cannot be changed while
the Contract is in force.
13

• If the total of your scheduled and unscheduled withdrawals in the
calendar year is less than the RRIF Minimum Amount for that year,
we are required to make a year-end payment to you to meet the
RRIF Minimum Amount. Year-end payments will be applied using
the scheduled withdrawal allocation we have on file, or if there are
no allocations on file, using the default allocation subject to our
Administrative Rules in place at that time.
• You may elect to customize your RRIF payments and withdraw an
amount greater than your RRIF Minimum Amount. The Custom/
Level payment option, payment allocation instructions and the
payment frequency you select will remain in effect until you file a
written request with us to change it.
6.5.2 LIF/RLIF Maximum Amount
• The maximum payment amount for LIF and RLIF Contracts is
calculated in accordance with the formula specified by the
applicable pension legislation.
• For the initial calendar year, the maximum amount may be prorated
based on the number of months the Deposit is held in the Contract.
6.5.3 Contracts Held As Self-Directed RRIFS
(Including LIF/RLIF/PRIF)
• If your Contract is held in a self-directed plan, your Contract is
considered non-registered with Transamerica. The trustee of your
plan is required to satisfy the requirements necessary to comply
with a RRIF under the Income Tax Act (Canada) and has to make
annual minimum payments to you from the investments you hold
within the self-directed plan.
7. Guarantees
7.1 General Information
The Contract provides a Contract Maturity Benefit and a Death
Benefit guarantee.
The Contract Maturity Benefit provides that on the Contract Maturity
Date, if the Market Value of your Contract is lower than the applicable
Contract Maturity Guaranteed Amount, we will increase the value of
your Contract to equal the Contract Maturity Guaranteed Amount.
The Death Benefit provides that on the Death Benefit Date, if the
Market Value of your Contract is lower than the Death Guaranteed
Amount, we will increase the value of your Contract to equal the
Death Guaranteed Amount.
• We reserve the right to add new Guarantee Classes. We will
provide notice of such a change.
The guaranteed amounts are calculated as follows:
Guaranteed Benefits
Contract Maturity
Guaranteed Amount
Death Guaranteed Amount
Description of Guarantees
75% of your Deposits*
100% of your Deposits*
*Less a proportional market value reduction for withdrawals and client-initiated
transaction fees
When we increase the value of the Contract to equal the Contract
Maturity Guaranteed Amount or Death Guaranteed Amount, we call
this a Top-up Benefit.
Only the Death Guaranteed Amount is increased by Resets. Please see
section 7.3.2 Resets if the Death Guaranteed Amount.
7.2 Contract Maturity Benefit
This Contract provides for a guarantee on Contract maturity called the
Contract Maturity Benefit.
Under the Contract Maturity Benefit provision, we guarantee that
you will receive no less than an amount referred to as the Contract
Maturity Guaranteed Amount. Therefore, if on the Contract Maturity
Date, the Market Value of your Contract is lower than the Contract
Maturity Guaranteed Amount, we will increase the Market Value of
your Contract to equal the Contract Maturity Guaranteed Amount.
7.2.1 Contract Maturity Guaranteed Amount
The Contract Maturity Guaranteed Amount:
• Is set by the value of the first Deposit to the Contract,
• Increases by the value of additional Deposits,
• Reduces proportionally by withdrawals,
• Reduces proportionally by client-initiated transaction fees.
To determine the Contract Maturity Guaranteed Amount after a
withdrawal, the formula is as follows: (A – P)
Where A is the Contract Maturity Guaranteed Amount before the
Withdrawal
P is the proportional market value reduction of the Withdrawal and is
equal to A x (B/C) where:
B is the value of the Units withdrawn; and
C is the Market Value of the Contract before the withdrawal
When calculating the Contract Maturity Benefit for Deposits made
under the initial sales charge option, we will not deduct the initial
sales charge from the Premium. Therefore, the Maturity Guaranteed
Amount will not be less than 75% of the Premium less proportional
market value reductions for withdrawals.
14

Please consider that, when the market value of the Units
withdrawn is lower than the market value of those Units on the
Deposit date, the proportional reduction due to the withdrawal
will reduce the Contract Maturity Guaranteed Amount and Death
Guaranteed Amount by more than the amount of the withdrawal.
The following examples illustrate the Contract Maturity Guaranteed
Amount and the impact of a Deposit and withdrawal in (a) rising and
(b) declining markets.
a) Example where the Market Value is GREATER than the Contract Maturity Guaranteed Amount at the time of a withdrawal.
Date Transaction Amount
Market Value
of Contract
Before
Transaction
Market
Value of
Contract After
Transaction
Contract Maturity
Guaranteed
Amount Before
Transaction
May 5, 2014 First Deposit $25,000 N/A $25,000 N/A
Aug 1, 2014 Additional Deposit $70,000 $27,000 $97,000 $18,750
Nov 3, 2015 Withdrawal $4,750 (B) $100,000 (C) $95,250 $71,250 (A)
* The value of the Contract Maturity Guaranteed Amount is calculated as follows: (A – P) = ($71,250 – $3,384.38) = $67, 865.62
Where P = A x (B/C) = $71, 250 x ($4,750/$100,000) = $3,384.38
Contract Maturity
Guaranteed Amount
After Transaction
$18,750
(75% of $25,000)
$71,250 =
($18,750 + $52,500
(75% of $70,000))
$67,865.62
($71,250 – $3,384.38*)
b) Example where the Market Value is LESS than the Contract Maturity Guaranteed Amount at the time of a withdrawal.
Date Transaction Amount
Market Value
of Contract
Before
Transaction
Market
Value of
Contract After
Transaction
Contract Maturity
Guaranteed
Amount Before
Transaction
May 5, 2014 First Deposit $25,000 N/A $25,000 N/A
Aug 1, 2014 Additional Deposit $70,000 $23,000 $93,000 $18,750
Nov 3, 2015 Withdrawal $4,750 (B) $68,000 (C) $63,250 $71,250 (A)
* The value of the Contract Maturity Guaranteed Amount is calculated as follows: (A – P) = ($71,250 – $4,977.02) = $66, 272.98
Where P = A x (B/C) = $71, 250 x ($4,750/$68,000) = $4,977.02
Contract Maturity
Guaranteed Amount
After Transaction
$18,750
($25,000 x 75%)
$71,250 =
($18,750 + $52,500
(70,000 x 75%))
$66,272.98
($71,250 – $4,977.02*)
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7.2.2 Contract Maturity Date
Unless required by applicable pension legislation, the Contract
Maturity Date is December 31 st of the year the last surviving Annuitant
turns age 100, or the last Valuation Date of that year if December 31 st
is not a Valuation Date.
The Contract Maturity Date is as follows for the types of Contract available.
Contract Type
Non-registered, RRSP, LIRA,
LRSP, RLSP, RIF, LIF, PRIF, RLIF
and TFSA
New Brunswick LIRA
and LIF
Newfoundland LIRA and LIF
7.2.3 Contract Maturity Benefit
Contract Maturity Date
December 31 st of the year in which
the last surviving Annuitant turns
age 100
December 31 st of the year in which
the last surviving Annuitant turns
age 90
December 31 st of the year in which
the last surviving Annuitant turns
age 80
On the Contract Maturity Date, the Contract Maturity Benefit is
calculated and it will be the greater of the:
(i) Contract Maturity Guaranteed Amount, and
(ii) Market Value of the Contract.
If the Market Value on the Contract Maturity Date is less than
the Contract Maturity Guaranteed Amount, we will make up the
difference. We refer to the difference as the “Top-up Benefit”.
When calculating the Contract Maturity Benefit for Deposits made
under the initial sales charge option, we will not deduct the initial
sales charge from the Premium. Therefore, the Contract Maturity
Guaranteed Amount will not be less than 75% of the Premium less
proportional market value reductions for withdrawals.
The following illustrates the Contract Maturity Benefit in 2 cases
where: (a) the Market Value of Contract is lower than the Maturity
Guaranteed Amount; and (b) where the Market Value of the Contract
is greater than the Maturity Guaranteed Amount.
Case
Deposit
Amount *
Contract
Maturity
Guaranteed
Amount
Market
Value of
Contract
Contract
Maturity Benefit
(amount you
will receive)
(a) $100,000 $75,000 $65,000 $75,000
(b) $100,000 $75,000 $120,000 $120,000
*Assuming no withdrawals are made and no client initiated transaction
fees applied
Any amount that is allocated to a segregated fund is invested
at the risk of the contract holder(s) and may increase or
decrease in value.
7.2.4 Default Annuity
If the Annuitant is living on the Contract Maturity Date, and we have
not been notified of your maturity option, we will automatically
apply the Contract Maturity Benefit to provide you with an immediate
single life annuity, guaranteed for ten years in accordance with our
Administrative Rules and applicable legislation. The annuity will be
based on your life, be payable monthly and will be based on the rates
in effect on the Contract Maturity Date.
The single life annuity contract will be subject to the terms of the
Income Tax Act (Canada), if the Contract is registered.
We reserve the right to make payments in a lump sum if each payment
is less than $100.
Payment of the annuity (or lump sum if applicable) fulfils our
obligation under the Contract in full.
7.2.5 Default Annuity for Contracts Issued in Quebec Only
For Contracts issued in Quebec only, the annuity will be based on your
life, be payable monthly and will be based on the rates in effect on
the Contract Maturity Date. However, the annual annuity payment for
each $1,000 shall not be lower than the amount set out in Table 1 for
the applicable age on which the annuity is based.
The applicable age on which the annuity is based, is the age of
the Annuitant.
Table 1 – Annual Annuity Payment per $1,000
Age of Annuitant
Annuity Payment
50 $15.39
55 $16.67
60 $18.19
65 $20.01
70 $22.23
75 $25.01
80 $28.58
85 $33.34
90 $40.01
95 $50.01
100 $66.67
For example, if the Contract Maturity Benefit is $100,000 and the age
of the Annuitant is 90, the annual annuity payment per $1,000 for
age 90 = $40.01. Therefore the Minimum Annual Annuity Payment is
$4,001 = [($100,000 x 40.01)/1000]
16

7.3 Death benefit
This Contract provides for a guarantee on death called the Death
Benefit. The Death Benefit is the guarantee payable to the Beneficiary
on the death of the last surviving Annuitant.
Under the Death Benefit provision, we guarantee that the Beneficiary
will receive no less than an amount referred to as the Death
Guaranteed Amount. Therefore, if on the date the Death Benefit is
calculated, the Market Value of your Contract is lower than the Death
Guaranteed Amount, we will increase the Market Value to equal the
Death Guaranteed Amount.
7.3.1 Transactions and Events that Increase or Decrease the Death
Guaranteed Amount
The Death Guaranteed Amount is:
• set at an amount equal to 100% of the value of the first Deposit to
the Contract
• increased by 100% of the value of additional Deposits
• increased by Resets
• reduced proportionally by withdrawals.
To determine the Death Guaranteed Amount after a withdrawal, the
formula is as follows: (A – P)
Where A is the Death Guaranteed Amount before the Withdrawal
P is the proportional reduction of the Withdrawal and is determined
as A x (B/C) where:
B is the value of the Units withdrawn; and
C is the Market Value of the Contract before the withdrawal
Please consider that when the Market Value of the Units
withdrawn is lower than the original Deposit value of the Units
withdrawn, the proportional reduction due to the withdrawal
will reduce the Death Guaranteed Amount by more than the
actual amount of the withdrawal.
7.3.2 Resets of the Death Guaranteed Amount
The Death Guaranteed Amount has the potential to increase by Resets.
Every year, on the Policy Anniversary Date, if the Market Value of
the Contract is greater than the Death Guaranteed Amount, we
will automatically reset the Death Guaranteed Amount to equal the
Market Value of the Contract.
Resets will be exercised until the policy anniversary date in the year
the Annuitant turns 75.
Below is an example to illustrate the maximum date for when the
reset of the Death Guaranteed Amount will occur.
Policy Anniversary
Date
Annuitant’s Age*
Reset Allowed
May 26, 2014 73 Yes
May 26, 2015 74 Yes
May 26, 2016 75 No
*Annuitant’s attained age as of the policy anniversary date with an assumed date
of birth of September 29, 1940
The Reset feature may be changed or discontinued at any time
upon 60 days prior written notice.
The following illustrates the impact to the Death Guaranteed Amount
as a result of an additional Deposit, a Withdrawal, and a Reset. No
fees have been considered for this example.
Date Transaction/ Event Amount Market
Value of the
Contract before
Transaction/ Event
Market Value
of the Contract
after Transaction/
Event
Death Guaranteed
Amount before
Transaction/Event
Death Guaranteed
Amount after
Transaction/ Event
April 8, 2014 Initial Deposit $100,000 - $100,000 – $100,000
Dec 23, 2014 Subsequent Deposit $50,000 $105,000 $155,000 $100,000 $150,000
Jan 13, 2015 Withdrawal $7,500 (B) $156,000 (C) $148,500 $150,000 (A) $142,788.46 =
($150,000 - $7211.54*)
April 9, 2015 Reset – $160,000 $160,000 $142,788.46 $160,000 (since
$160,000 > $142,788.46)
June 18, 2015 Withdrawal $5,000 (B) $135,000 (C) $130,000 $160,000 (A) $154,074.07 =
($160,000 - $5,925.93**)
*For further clarification, the value of the proportional reduction withdrawal to the Death Guaranteed Amount is calculated as follows: (A – P) = $150,000 – $7,211.54 = $142,788.46
Where P = A x (B/C) = $150,000 x ($7,500/$156,000) = $7,211.54
**For further clarification, the value of the proportional reduction withdrawal to the Death Guaranteed Amount is calculated as follows:
A x (B/C) = $160,000 x ($5,000/$135,000) = $5,925.93
17

7.3.3 Death Benefit Date
The Death Benefit is calculated on the Death Benefit Date. The Death
Benefit Date is the Valuation Date we receive satisfactory proof of the
death of the last surviving Annuitant. Satisfactory proof of death is
determined under our Administrative Rules.
7.3.4 Death Benefit
The Death Benefit is the greater of the:
(i) Death Guaranteed Amount; and
(ii) Market Value of the Contract.
If the Market Value on the Death Benefit Date is less than the Death
Guaranteed Amount, we will make up the difference. We refer to the
difference as the Top-up Benefit. The Top-up Benefit, if applicable, will
be payable as a part of the Death Benefit.
The Contract will terminate upon payment of the Death Benefit.
Any amount that is allocated to a segregated fund is invested
at the risk of the contract holder(s) and may increase or
decrease in value.
7.3.5 Process for Determining the Death Benefit
In some circumstances, there may be delays in obtaining satisfactory
proof of death and we may be notified of the death of the Annuitant
before receipt of proof of death (for example, a death certificate).
In such event, on the date we are notified of the death of the last
surviving Annuitant, we will switch all Units in the Funds held in
the Contract into the Transamerica Canadian Money Market Fund or
to another Fund we designate if the Transamerica Canadian Money
Market Fund is not available. This date is called the “Notice Date”.
Notification of death must be in writing and meet the requirements set
out in our Administrative Rules.
As of the Notice Date, no further transactions can be made. For
example, scheduled withdrawals, including payments of RRIF
Minimum Amounts will be stopped.
Subsequently, on the Valuation Date we receive proof of death, the
Death Benefit will be calculated.
8. The Investment Options
8.1 General Information
This Contract gives you access to a full range of Funds.
The asset class categories of Funds include Money Market & Fixed
Income, Canadian Balanced, Canadian Equity, U.S. Equity and
Global Equity.
The underlying investments in a Fund may be units of a mutual fund,
stocks, Exchange Traded Funds (ETFs), bonds, short-term notes or
other selected investments. You do not acquire any ownership interest
in the Funds or in the underlying investments when you make Deposits
to the Contract.
For additional information about the Funds, please see the Fund Facts
for the Funds available when you purchase the Contract.
For Funds available after the purchase of the Contract, please consult
with your advisor.
We may discontinue offering a Fund, add, merge or split Fund(s) within
the Contract. If we discontinue offering a Fund, we will automatically
reallocate your holdings in the discontinued Fund to a Similar Fund
of our choice. This transaction may be a taxable event and subject to
the Fundamental Change rule. Please see section 14.2, Fundamental
Changes and Other Changes.
The Funds available within the Transamerica GIF Contract are also
referred to as Guaranteed Investment Funds (GIFs) or Guaranteed
Investment Portfolios (GIPs). A GIF will invest directly in securities,
units of an underlying mutual fund or other investments as deemed
appropriate by us and in accordance with the investment objective and
investment policies of each GIF. A GIP will invest in several underlying
mutual funds or other investments as deemed appropriate by us and in
accordance with the investment objective and investment policies of
each GIP. Collectively, the GIFs and GIPs comprise the Funds available
within the Transamerica GIF Contract.
The Fund Facts pages provide you with the key features of each Fund.
At the top of each Fund Facts page you will find the name of the
Fund, the name of the Contract(s) offering the Fund, and the “as at”
date for the information included on the page. The Fund Facts pages
also provide some “Quick Facts” about the Fund, including the date
the Fund became available within the Contract, the total value of the
Fund, and the Management Expense Ratio (MER) of the Fund among
other details. In addition to these Quick Facts about the Fund, the Fund
Fact pages answer the following questions about each Fund:
• What does the Fund invest in
• How has the Fund performed
• How risky is it
• Are there any guarantees
• Who is the Fund for
• How much does it cost
• What if I change my mind
The Fund Facts pages may not contain all the information you need.
Please read the Annuity Policy and Information Folder.
The investment objective and investment policies of each Fund offered
within the Contract can be found in Appendix A. The investment
policies and restrictions may change from time to time.
Should you require more information about the Funds available
within the Transamerica GIF Contract, please write to us at
500 – 5000 Yonge Street, Toronto, Ontario M2N 7J8.
For Funds that invest in underlying mutual fund(s), the fundamental
investment objectives and investment strategies of the Underlying
Fund(s) are presented within Appendix B. You may also request a
18

copy of the simplified prospectus, annual information form, financial
highlights, and complete holdings related to the Underlying Fund(s) by
writing to the applicable Underlying Fund manager at their respective
addresses listed at the end of Appendix B.
The Fund Facts should be read in conjunction with the Transamerica
GIF Information Folder and Annuity Policy. The Information Folder
provides brief and plain disclosure of all the material facts relating to
the Transamerica GIF Contract. Transamerica Life Canada is the sole
issuer of the Transamerica GIF Contract and the guarantor of the
guarantee provisions contained therein.
Any amount that is allocated to a segregated fund is invested
at the risk of the contract holder(s) and may increase or
decrease in value.
8.1.1 What is a Segregated Fund
A segregated fund is an investment option available within an
Individual Variable Insurance Contract commonly known as a
segregated funds contract.
Each Fund available within the Transamerica GIF Contract is a
segregated fund. A segregated fund is a pool of assets purchased with
money contributed by policyholders with similar goals. Policyholders
contribute money to their segregated funds contracts and it is pooled
by a life insurance company and used to purchase assets. The assets
of the segregated fund are owned by the insurance company. These
assets are segregated from the company’s other assets.
Since the assets are owned by us, there is no need to divide the Fund
into units. However, in order to administer the Funds and to record
your contractual interests, we divide the Fund into notional units.
You do not own the units in a Fund, nor can you direct the investment
of the assets of the Fund. Segregated funds are regulated under the
authority of provincial and federal insurance regulators.
8.1.2 Transamerica Guaranteed Investment Funds
Transamerica Guaranteed Investment Funds (GIFs) invest directly in
securities, such as bonds, debentures and stocks. Some GIFs use a
mutual fund “fund of fund” strategy, where the GIF invests its net
assets in units of a select Underlying Fund. In the case where a GIF
invests in an Underlying Fund, we reserve the right to change the
Underlying Fund. If such a change constitutes a Fundamental Change
as defined in section 14.1 of the Annuity Policy, you will have the
rights described there. Changing an Underlying Fund to another
similar Underlying Fund will not constitute a Fundamental Change
provided that immediately following the change the total management
fee of the Transamerica GIF is the same as or lower than the
management fee and the insurance fee is within the maximum
insurance fee limit applicable immediately prior to the change. A
similar Underlying Fund is one that has a comparable fundamental
investment objective, is in the same investment fund category and has
the same or lower management fees, and the same or lower maximum
insurance fee limit as the Underlying Fund. The investment objective
of an Underlying Fund may not be changed unless approved by the
unitholders of the Underlying Fund. Upon such approval, you will be
provided notice of the change.
8.1.3 Transamerica Guaranteed Investment Portfolios
Each Transamerica Guaranteed Investment Portfolio (GIP) allocates
its assets among income and equity investments by investing in
units of underlying mutual funds of a selected fund company and
other investments as deemed appropriate by us. Each GIP has a
target income and equity asset mix and offers you diversification
through a professionally designed portfolio of Underlying Funds and
investments. The GIPs are continuously monitored and, at least on a
monthly basis, the underlying investments of a GIP are rebalanced if
necessary to ensure that the portfolio corresponds to its target asset
allocation. However, each GIP may vary to some extent from its target
asset allocation mix between rebalancings.
We may change these targeted mixes and Underlying Funds at any
time to better achieve the investment objective of each GIP. You will
not be notified when the GIPs are rebalanced or when an underlying
fund and/or its targeted weight is changed. You will only be notified
if the change meets the definition of a Fundamental Change. In such
an event, the Fundamental Change Rule in section 14.1 of the Annuity
Policy will apply.
The investment objective and policies of each underlying fund within
the Transamerica GIPs can be found in Appendix B. Details of how
to contact the managers of the Underlying Funds are also set out in
Appendix B.
8.1.4 Index Funds
Several of the Funds available within the Transamerica GIF Contract
are considered “index funds”. Index funds seek to achieve returns
similar to a generally recognized index. Index funds must include
the word “index” in their name. Index funds do not use “active
management” and therefore do not buy and sell securities based upon
the portfolio advisor’s market, financial, and economic analysis. Index
funds use “passive management”. The three typical forms of passive
management, each of which obtains essentially the same result, are
as follows:
1. Market/Index proportion. If the size and investment objective
of the fund permit, the fund invests in the same companies and
in approximately the same proportion as the market index being
tracked. As a result, the net asset value of an index fund will
fluctuate in approximately the same proportion as the index.
2. Optimization. A mathematical process known as “optimization”
is used to identify the securities that would likely provide a return
that is closest to the return of the index being tracked. Rather than
holding the same companies in the same proportion, optimization
allows the fund to hold a smaller number of securities in larger
proportions versus the index, while at the same time approximately
tracking the performance of the index.
19

3. Substitution. Substitution involves the use of securities, such as
Exchange Traded Funds (ETFs) and/or derivative instruments, such
as futures, forwards contracts or similar instruments. The value of
that instrument is based on, or derived from, the value of the market
index or an underlying asset included in the index at the time the
contract is bought or sold. As a result, substitution allows a fund to
track the performance of an index, while not requiring it to hold the
actual securities.
In trying to achieve returns similar to an index, an index fund incurs
costs in managing its portfolio of assets, including costs associated
with passive management. The fees associated with the fund will
result in the performance of the fund not replicating the market index
being tracked. This may also be the result if the index is calculated
in a currency other than the Canadian dollar, giving rise to currency
fluctuations.
Please refer to the Index Risk section for more information on the risks
concerning index funds.
8.1.5 Derivatives and their Permissible Use
Derivatives may be used by the Funds within the Transamerica GIF
Contract but only in a manner consistent with the Fund’s respective
investment objectives. Derivatives may also be used by the Underlying
Funds, but their use must be consistent with the underlying fund’s
investment objective and their use must conform to the relevant
policies set out by securities regulators.
A derivative is a financial contract, usually between two parties.
The value of the contract is derived from the market price, value or
level of an underlying asset, such as a stock, bond, market index,
currency, commodity or a basket of securities. The main appeal in
using derivatives is that investors can capitalize on movements in the
value of an underlying security at a fraction of the cost of buying the
security outright. However, a derivative is not a direct investment in
the underlying asset itself. Derivatives include a wide assortment of
financial contracts including futures, forwards, options, and swaps.
With regards to the Funds available within the Transamerica GIF
Contract, derivatives will not be used to create a portfolio with
leverage. More precisely, derivatives may only be used in respect of
a Fund if sufficient cash or cash-equivalent securities are held in the
Fund in order that we may satisfy our obligations under the derivative
instrument.
We may use derivatives to:
• Reduce Currency Risk. The fund manager may determine that it
is beneficial to offset (or hedge), where appropriate, the currency
exposure of foreign portfolio positions as protection against rate
fluctuations. To achieve this objective, the fund manager may
make use of exchange or over-the-counter traded, foreign currency
options, futures contracts, forward contracts or other derivative
instruments.
• Create Exposure to Specific Securities and Foreign Markets.
The fund manager may wish to buy or sell options on specific
securities rather than purchasing or selling the actual securities
directly. As well, the fund manager may seek to participate in
foreign markets by purchasing exchange traded stock index
options, futures contracts, as well as foreign currency forward
contracts.
• Enhance Returns and Lock-in the Price of Portfolio
Investment. The fund manager may wish to enhance returns and
lock-in the price of portfolio investments by writing covered call
options. A call option is one in which one party is granted the
right, for a period of time, to buy an asset at a certain price. A call
option is said to be covered when the party selling the call option
owns the underlying asset which will be sold if the call option is
exercised.
We have no obligation to use such derivatives.
While derivatives can be useful for hedging against potential losses,
making indirect investments and gaining exposure to financial markets
and other assets, there is no guarantee that the use of derivates by a
fund will be effective. Please refer to the Derivatives Risk section for
more information on the risks concerning derivatives.
8.1.6 The Risks of Investing in Segregated Funds
Risk is the chance or possibility of loss. When investing, the element
of risk can vary substantially. As a general rule, the higher the
potential return, the higher the risk you must assume. This is known
as the “risk/return trade-off”.
The volatility and performance of your investment will depend on the
Fund’s underlying investments, the investment manager of the Fund,
and general market conditions. The underlying investments may be
units of mutual funds, pooled funds, stocks, bonds or other selected
investments and securities. The value of these underlying investments
will change from day to day, reflecting changes in interest rates,
changes in general economic, political and market conditions, the
release of information about a particular investment, issuer or industry
sector, changes in the value of a relevant foreign currency relative to
the Canadian dollar and other factors.
It should be understood that no matter what strategies might be
adopted by a fund manager to manage the identified risks associated
with the investments held in each Fund, the risks will remain many
and uncertain in nature, duration and impact.
Leverage involves the use of borrowed money to help pay for an
investment or the use of certain types of derivative instruments to
simulate a specialized investment. Using leverage magnifies the amount
of loss or gain on an investment. The funds do not employ leverage.
Below are descriptions of the various principal risks which may be
applicable to the underlying investments of the funds. Please refer to
Appendix C for information about which principal risks apply to each
Fund available within the Transamerica GIF contract.
20

Capital Depreciation Risk
Some Underlying Funds aim to distribute a high level of income. In
certain situations, such as periods of declining markets or increases
in interest rates, an Underlying Fund may make distributions that
include a return of capital. Where the total distributions by an
Underlying Fund in a year exceed the Underlying Fund’s net income
and net realized capital gains for the year, the net asset value of the
Underlying Fund may be reduced, which could reduce the Underlying
Fund’s ability to generate future income.
Cash Risk
A fund or Underlying Fund may have times when it increases the level of
cash that it holds. This may be done by the portfolio manager in order to
protect assets or to take advantage of buying opportunities. Cash is also
needed to fund redemption requests. To the extent that a fund has a
significant cash position, it may be able to avoid market declines, losses
or instability. However, a significant cash position will also mean that
the fund may risk not taking advantage of market advances to the extent
that it otherwise could have.
Commodity Risk
The market value of a fund’s investments will likely be affected by
adverse movements in commodity prices. When commodity prices
decline, this has a negative impact on the earnings of the companies
whose business is based on commodities, such as oil and gold.
Concentration Risk
A fund may have a high concentration of its investments in a single
company. A relatively high concentration in a single or a small number
of investments will have less diversification and this may have an
adverse impact on the fund’s returns. Concentration can also lead to
increased volatility and reduced liquidity of the fund.
Credit Risk
Credit risk is the risk that an issuer of a bond or other fixed income
security won’t be able to pay interest or repay the principal when it
is due. Credit risk is generally lowest among issuers that have a high
credit rating from an independent credit rating agency. It is generally
highest among issuers that have a low credit rating or no credit rating.
The prices of securities with a low rating or no rating tend to fluctuate
more than securities with higher interest ratings. They usually offer
higher interest rates, which may help to compensate for the higher
credit risk.
Depository Receipt Risk
Banks or other financial institutions, known as depositories, issue
depository receipts that represent the value of securities issued by
foreign companies. These receipts are most often known as ADRs
(American Depositary Receipts), GDRs (Global Depositary Receipts),
or EDRs (European Depositary Receipts), depending on the location
of the depository. Funds invest in depository receipts to obtain
indirect ownership of foreign securities without trading on foreign
markets. There is a risk that the value of the depository receipts
may be less than the value of the foreign securities. This difference
can result from several factors: fees and expenses related to the
depository receipts; fluctuations in the exchange rate between the
currency of the depository receipts and the currency of the foreign
securities; differences in taxes between the depository receipts and
the foreign securities’ jurisdictions; and the impact of the tax treaty,
if any, between the depository receipts and the foreign securities’
jurisdictions. Also, a fund faces the risks that depository receipts may
be less liquid, that the holders of depository receipts may have fewer
legal rights than if they held the foreign securities directly, and that
the depository may change the terms of a depository receipt, including
terminating the depository receipt, in such a way that a mutual fund is
forced to sell at an inopportune time.
Derivative Risk
The most common risks of using derivatives are as follows:
• There is no guarantee that hedging strategies which may be
employed will be effective.
• There is no guarantee that a market will exist for some derivatives.
This could prevent a fund from making a profit or limiting a loss.
• Some exchange traded derivatives may lack liquidity and the fund
may not be able to close out its derivative positions. Derivative
instruments in foreign markets may be less liquid and more risky
than comparable instruments traded in North American markets.
• Exchange-imposed trading limits could affect the ability of a
mutual fund to close out its positions.
• The price of a derivative may not accurately reflect the value of the
underlying asset.
• The other party to a derivative contract may not be able to honour
its obligations under the contract.
• There is no assurance that a fund’s hedging strategies will
be effective. There may be an imperfect historical correlation
between the behaviour of the derivative instrument and the
underlying instrument. Any historical correlation may not
continue for the period during which the hedge is in place.
• Using derivatives to hedge against changes in currencies, stocks
markets or interest rates cannot eliminate fluctuations in the prices
of securities in a fund or prevent losses if the prices of these
securities decline.
• Hedging may also limit the opportunity for gains if the value of
the hedged currency or stock market should rise or if the hedged
interest rate should fall.
• The inability to close out other options, futures and forward
positions could prevent a fund from using derivatives to effectively
hedge its portfolio or implement its strategy.
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Emerging Markets Risk
Investments in emerging market countries are generally considered to
pose greater risks than foreign investments in established markets. In
general, securities markets in emerging countries may be smaller than
in more developed countries, making it more difficult to sell securities
in order to take profits or avoid losses. Companies in these markets
may have limited product lines, markets or resources, making it difficult
to measure the value of the company. In general, emerging market
countries have more fragile economies due to higher levels of inflation,
higher government debt loads, and/or dependence on a relatively
narrow industrial base. Political instability and possible corruption,
as well as lower standards of regulation for business practices
increase the possibility of fraud and other legal problems. The value of
investments in these countries may rise and fall substantially.
Equity Risk
The price of equity securities – also called stocks or shares – are
affected by stock market conditions and by general economic and
financial conditions in those countries where the investments are
listed for trading or elsewhere. The price of equity securities of
certain companies or companies within a particular industry sector
may also fluctuate differently than the stock market due to changes
in the outlook for the company or the industry in which it operates.
Historically, equity prices have been more volatile than prices for
fixed income securities such as bonds. Accordingly, the value of funds
whose assets are weighted towards equities may be more volatile
that the value of funds whose assets are weighted towards fixed
income securities.
ETF Risk
Certain funds may invest in exchange-traded funds (ETFs) which qualify
as index participation units. ETFs seek to provide returns similar to the
performance of a particular market index or industry sector index. ETFs
may not achieve the same return as their benchmark market or industry
sector indices due to differences in the actual weights of securities
held in the ETF versus the weights in the relative index and due to the
operating and management expenses of the ETFs.
Foreign Currency Risk
The value of securities issued in foreign currencies, or of securities
that pay income in foreign currencies, is affected by changes in the
value of the Canadian dollar relative to those currencies. For example,
if the U.S. dollar rises relative to the Canadian dollar, U.S. shares
will be worth more in Canadian dollars. On the other hand, if the U.S.
dollar falls, U.S. shares will be worth less in Canadian dollars.
Foreign Investment Risk
There are some significant reasons to consider investing abroad.
The economies of foreign countries may be growing much faster
than Canada’s economy and this can mean that investments in those
countries may grow more quickly too. Foreign investments also
give you diversification because all of your money isn’t staying in
Canada alone. However, foreign investments may involve risks not
usually associated with investing in the Canadian market. Besides
Foreign Currency Risk, foreign investments also involve the following
additional risks:
• The value of foreign securities and, hence, the value of funds
whose portfolios include such securities may be influenced by
world economic and political factors and foreign market conditions.
• Many foreign companies and countries do not have the same
accounting, auditing and financial reporting standards that apply
to North American companies.
• There may be less publicly available information about foreign
companies and governments and the quality of the information may
be less reliable.
• Some foreign stock markets may be smaller and less regulated
than Canadian and U.S. exchanges. As a result of these and other
factors, foreign markets may be more volatile and less liquid than
North American markets.
• Trading large orders in foreign countries may cause the price to
fluctuate more than it would in North America.
• A country may impose withholding or other taxes that could reduce
the return on investment or foreign currency exchange controls,
whether already in existence in a country or newly imposed, that
may make it difficult to sell an investment.
• Political and social instability, restrictions on the movement of
capital and the threat of expropriation or nationalization can affect
the value of investments in less developed countries.
• Fixed-income securities bought on foreign markets – even some
government bonds – are often quite risky as there is the danger
that the issuer will not pay off the debt or that the price of the
securities will drop rapidly.
The amount of risk also varies a lot from country to country. Securities
in developed markets like Western Europe, for example, have lower
foreign investment risk because they are generally well regulated
and are relatively stable. Securities of governments and companies in
emerging or developing markets of Southeast Asia and Latin America,
for example, can have significant foreign investment risk. For more
information, please refer to the Emerging Markets Risk section.
Income Trust and Limited Partnership Risk
Income trusts generally hold debt or equity securities in, or are
entitled to receive royalties from, an underlying active business.
Income trusts generally fall into four sectors: business trusts, power
and pipeline trusts, resource-based royalty trusts and real estate
investment trusts.
Investments in income trusts will have varying degrees of risk
depending upon the sector and the underlying assets. In general, income
trusts face the same risks as described in the Equity Risk section. They
will also be subject to general risks associated with business cycles,
commodity prices, interest rates and other economic factors.
22

Returns on income trusts are neither fixed nor guaranteed. Typically
income trusts and other securities that are expected to distribute
income are more volatile than fixed-income securities and preferred
shares. The value of income trust units may decline significantly
if they are unable to meet their distribution targets. There is also
the remote risk that where claims against an income trust are not
satisfied by that trust, investors in the trust could be held liable for the
outstanding obligations. Some, but not all, jurisdictions have enacted
legislation to protect investors from some of this liability.
Changes have also been enacted to the Income Tax Act (Canada) which
affects the way certain income trusts and limited partnerships are taxed.
Generally, the new rules include a tax on certain publicly-traded income
trusts (not including certain real estate investment trusts) and limited
partnerships with respect to certain distributions or income allocations
made by such entities. The changes will reduce the tax effectiveness of
affected income trusts and limited partnerships. In addition, the changes
have had, and may continue to have, an affect on the trading price of
such income trusts and limited partnerships, which may affect the value
of a Fund or Underlying Fund that holds such investments.
Index Risk
Index funds seek to provide returns similar to the performance of
their respective benchmark indices. However, an index fund’s ability
to match the return of the index is influenced by the operating and
management expenses incurred by the fund, as well as by costs
incurred when using particular passive investment strategies (i.e.
market/index proportion, optimization, substitution or any combination
thereof) for tracking the performance of such index. Certain expenses
are affected by the size of the fund, the composition of each index, the
level of trading activity by the fund’s unitholders, and the cash flows
experienced by the fund among other factors. Frequent trading results
in additional expenses, which may hamper a fund’s ability to achieve a
return similar to that of its benchmark index.
Index funds may invest more than 10% of their assets in securities of
any one issuer in order to satisfy their investment objectives and more
accurately track an index. As the fund’s assets may be more exposed
to any issuer, any increase or decrease in the value of that issuer will
have a greater impact on a fund’s net asset value and total return.
Therefore, an index fund could be more volatile than an actively
managed fund that is limited to investing no more than 10% of its
assets in securities of any one issuer. An index fund that concentrates
its investments could have greater fluctuations in value than funds
with broader diversification. The more an index fund concentrates its
assets in any one issuer, the more volatile and less diversified it may
be. As a result, it may be more difficult to get a preferred price in the
event of large redemptions by unitholders.
There is also the risk that the securities or weighting of the securities
that constitute an index that a fund tracks will change. In addition,
neither the companies whose securities form part of the index, nor
the inclusion or removal of a company’s securities from an index, is
within the control of the index fund. In such a situation, the fund may
experience a higher portfolio turnover rate and increased costs such
as transaction and custodian costs.
Finally, where fair value pricing is used to value assets of a fund, it
may account for some of the difference in the tracking of the fund
(valued using fair value pricing) to the relevant index (valued using
end-of-day prices).
Interest Rate Risk
The interest rate on a bond is set when it is issued. When interest
rates fall, the price of existing bonds will rise because existing bonds
pay higher rates than new bonds, and are therefore worth more. On the
other hand, when interest rates rise, the price of existing bonds will
fall, and so will the value of the Fund or Underlying Funds that hold
such bonds. The value of debt securities that pay a floating or variable
interest are generally less price sensitive to interest rate changes.
Funds that invest in convertible securities also carry interest rate risk.
These securities provide a fixed income stream, so their value varies
inversely with interest rates, just like bond prices. However, because
they can be converted to common shares, convertible securities are
less affected by interest rate fluctuations than bonds.
Large Investor Risk
Units of mutual funds may be purchased and sold by large investors,
such as financial institutions or other mutual funds. These investors
may purchase or redeem large numbers of units of a fund at one
time. The purchase or redemption of a substantial number of units
may require the portfolio manager of the Underlying Fund to change
the composition of the Underlying Fund significantly or may force the
portfolio manager to buy or sell investments at unfavourable prices,
which can also affect the fund’s performance and may increase
realized capital gains of the fund.
Liquidity Risk
Liquidity risk is the possibility that a fund will not be able to convert
its investments to cash when it needs to. Some securities are
illiquid because of legal restrictions, the nature of the investment
itself, settlement terms, a shortage of buyers or other reasons.
Generally, investments with lower liquidity tend to have more
dramatic price changes.
Low Rated or Unrated Securities Risk
Some investments offer a better return than others because they carry
higher risk. They may have a credit rating below investment grade or
be unrated. These investments may be hard to value because market
quotations are unavailable, and they may be less liquid than highergrade
investments. Below investment grade and unrated securities
involve significant risk exposure as there is less certainty regarding
the issuer’s ability to pay interest and repay principal in the case of
fixed income securities or to pay dividends and redeem shares in the
case of preferred shares, in accordance with the issuer’s obligations.
Low rated and unrated securities have the potential for substantial
loss as well as gain, as will the funds which invest in such securities.
This type of risk is similar to Credit Risk.
23

Mortgage-Backed and Asset-Backed Securities Risk
Mortgage-backed securities are debt obligations backed by pools of
mortgages on commercial or residential real estate. Asset-backed
securities are debt obligations that are backed by pools of consumer
or business loans. Some asset-backed securities are short-term debt
obligations, called asset-backed commercial paper (“ABCP”). If there
are changes in the market perception of issuers of these types of
securities, or in the creditworthiness of the parties involved, then the
value of the securities may be affected. In the case of ABCP, there is
an additional risk that there may be a mismatch in timing between
the cash flow of the underlying assets backing the security and the
repayment obligation of the security upon maturity. In the case of
mortgage-backed securities, there is also the risk that there may be a
drop in the interest rates charged on the mortgages, a mortgagor may
default on its obligations under a mortgage or there may be a drop in
the value of the property secured by the mortgage.
Multi-Class or Series Risk
Although a fund may offer separate classes or series of units, the
fund is a single legal entity. Accordingly, the investment performance,
expenses or liabilities of one class or series may affect the value
of the units of another class or series. In particular, expenses
significantly attributable to a class or series of units will initially be
deducted in calculating the unit price only for the class or series of
units. However, those expenses will continue to be liabilities of the
fund as a whole, if there are insufficient assets of a class or series to
pay those expenses, the remaining assets of this fund would be used
to pay the excess expenses.
Municipal Obligation Risk
Certain funds may invest in municipal obligations as part of its cash
management techniques. In addition to the usual risks associated
with investing for income, the value of municipal obligations will
be affected by changes in actual or perceived credit quality. The
credit quality of a municipal obligation will be affected by, among
other things, the financial condition of the issuer or guarantor, the
issuer’s future borrowing plans and sources of revenue, the economic
feasibility of the revenue bond project or general borrowing purpose,
political or economic developments in the region or jurisdiction
where the security is issued and the liquidity of the security. Because
municipal obligations are generally traded over-the-counter, the
liquidity of a particular issue often depends on the willingness
of dealers to make a market in the security. The liquidity of some
municipal issues can be enhanced by demand features which enable
the investor to demand payment from the issuer of a financial
intermediary on short notice.
Passive Management Risk
Similar to funds that are managed to track an index, some funds may
also use passive management for a component of the fund, and to that
extent may be subject to similar risks as funds that are managed to
track an index. Please refer to both Index Risk and ETF Risk.
Repurchase and Reverse Repurchase Agreements Risk
Sometimes funds enter into what are called repurchase transactions
and reverse repurchase transactions. A repurchase transaction is
where a fund sells a security to a party for cash and agrees to buy the
same security back from the same party at a higher price on an agreed
future date. In a reverse repurchase transaction, a fund buys a security
at one price from a third party and agrees to sell the same security
back to the same party at a higher price on an agreed future date.
The risk with these types of transactions is that the other party may
default under the agreement or go bankrupt. In a reverse repurchase
transaction the fund is left holding the security and may not be able
to sell the security at the same price it paid for it, plus interest, if the
other party defaults and the market value for the security has dropped
in the meantime. In the case of repurchase transaction, the fund could
incur a loss if the other party defaults and the value of the security sold
has increased more than the value of the cash and collateral held.
To reduce risks, the other party to the transaction is required to put
up collateral to the fund. The value of the collateral has to be at
least 102% of the market value of the security sold (for a repurchase
transaction) or of the cash paid for the securities purchased (for a
reverse repurchase transaction). Repurchase and securities lending
transactions (see Securities Lending Risk) are limited to 50% of a
fund’s assets, excluding the cash held by the fund for securities sold in
a repurchase transaction and collateral or sales proceeds received in a
securities lending transaction.
Securities Lending Risk
Some funds may engage in securities lending transactions. In a
securities lending transaction, the fund lends portfolio securities held
by the fund to qualified borrowers who have posted collateral for a fee
and a set period of time. In lending its securities, the fund is subject
to the risk that the borrower may not fulfill its obligations leaving
the fund holding collateral worth less than the securities it has lent,
resulting in a loss to the fund.
To limit this risk, a fund must hold collateral worth no less than 102%
of the market value of the loaned securities and the amount of the
collateral is adjusted daily to ensure the level is maintained. The
collateral may only consist of cash, qualified securities or securities
that can be immediately converted into identical securities to those
that have been loaned. To further limit risk, a fund cannot lend more
than 50% of the total value of its assets through securities lending
or repurchase transactions (see Repurchase and Reverse Repurchase
Agreements Risk) and a fund’s total exposure to any one borrower in
securities, derivative transactions and securities lending must be less
than 10% of the total value of the fund’s assets.
Short Selling Risk
Some funds may engage in a limited amount of short selling. A “short
sale” is where a fund borrows securities from a lender and sells them
in the open market. The fund must repurchase the securities at a later
date in order to return them to the lender. In the interim, the proceeds
24

from the short sale are deposited with the lender and the fund pays
the interest to the lender on the borrowed securities. If the value of the
securities declines between the time of the initial short sale and the
time it repurchases and returns the securities, the fund makes a profit
for the difference (less any interest paid by the fund to the lender). If
the price of the borrowed securities rises, however, a loss will result.
There are risks associated with short selling, namely that the
borrowed securities will rise in value or not decline enough to
cover the fund’s costs. The fund may also experience difficulties
in repurchasing the borrowed securities if a liquid market for the
securities does not exist. In addition, the lender from whom the fund
has borrowed securities may become bankrupt, causing the borrowing
fund to lose the collateral it deposited with the lender.
To limit the risks associated with short sale transactions, a fund will
adhere to controls and limits that are intended to offset these risks by
short selling the securities of larger issuers for which a liquid market
is expected to be maintained and by limiting the amount of exposure
for short sales. A fund will also deposit collateral only with lenders
that meet certain criteria for creditworthiness and only up to certain
limits. Although some funds may not engage in short selling directly,
they may be exposed to short selling because the Underlying Funds in
which they invest may be engaged in short selling.
Small Company Risk
Small companies can be riskier investments than large companies.
Small companies are often newer and may not have the track-record,
have limited financial resources or not have well-established markets
for their products. Smaller companies generally have fewer shares
trading in the market than larger companies, so a buy or sell of their
shares will have a greater impact on their share price. The value of
funds that buy these investments may rise and fall significantly over
short periods of time.
Small Fund Risk
A Fund with a low net asset value may be at risk of being discontinued
and reallocated to another Fund as it does not have sufficient assets to
be effectively managed. Please see section 8.1 The Investment Options,
of the Transamerica GIF Information Folder for more information.
Specialization Risk
Some funds specialize in investing in a particular industry or region
of the world. Specialization lets the portfolio manager focus on the
potential of that industry or geographic area, but it also means that
the fund may be more volatile if there is a downturn in the industry or
geographic area since there are relatively few other investments to
offset the downturn. These specialty funds must continue to invest in
a particular industry or geographic area even if it is not growing.
Target-Date Risk
Target-date funds, also referred to as “lifecycle” or “age-based”
funds, operate under an asset allocation formula that adjusts its
asset allocation to become more conservative over time typically
by increasing its fixed income allocation and reducing its equity
allocation as the fund gets closer to the target year. The target year
is generally identified in the name of the fund. While these funds
are a convenient option for many investors, the asset allocation is
not necessarily appropriate for every investor depending on the risk
profile/expectations of the investor.
Tax Change Risk
There can be no assurance that changes will not be made to the rules
affecting the taxation of a Fund or a Fund’s investments, or in the
administration of such tax rules.
Tracking Risk
Certain funds may seek to have all or a substantial portion of their
returns linked to the performance of one or more Underlying Funds.
This is achieved by the Fund directly purchasing units of these
Underlying Fund. The return of the Fund may be lower than that of the
Underlying Fund because the Fund bears its own fees and expenses,
and there may be delays between the time any monies are invested
in the Fund and those monies are used to purchase units of the
Underlying Fund(s).
Underlying Fund Risk
Some funds (for this purpose, the “top fund”) invest some or all
of their assets in units or shares of other Underlying Funds. If the
investors in the top fund redeem large amounts of their units resulting
in corresponding redemptions by the top fund in the Underlying Funds,
the Underlying Funds may have to liquidate some of their investments
at unfavourable prices in order to fund such redemption requests.
Such activity can reduce the returns of the Underlying Funds, and
therefore, the performance of the top fund as well. This type of risk is
similar to Large Investor Risk.
Any amount that is allocated to a segregated fund is invested
at the risk of the contract holder and may increase or decrease
in value.
8.2 Investment Objective, Policy and Restrictions
For each Fund, we will describe the investment objective and the
investment policy, restrictions and risks applicable to that Fund.
The investment policy and restrictions may change from time to
time. Transamerica Life Canada’s investment policies comply with
the Canadian Life and Health Insurance Association Inc. (CLHIA)
Guidelines on Individual Variable Insurance Contracts Relating to
Segregated Funds, as amended, and approved by the CLHIA Board of
Directors and the Canadian Council of Insurance Regulators as well as
the Autorité des marches financiers (AMF) Guidelines.
We may also change the fundamental investment objective of a Fund.
A change to the fundamental investment objective is considered a
fundamental change. Please see section 14.2, Fundamental Changes
and Other Changes.
25

8.3 Investment Management of the Funds
As part of our responsibility for the day-to-day management of the
Funds, we have retained on a non-exclusive basis various portfolio
managers to manage the assets of the Funds. The portfolio manager
is the person or team of people who are directly responsible for the
investment decisions of any Fund.
The names and addresses of the portfolio managers and their
relationships to us, for each Fund, can be found in the Fund Facts.
With regards to conflicts of interest between us and a portfolio
manager, we have reserved the right to terminate, if necessary, the
portfolio manager.
We have the right to change the portfolio manager of any Fund, at any
time at our discretion.
We have the right to change an Underlying Fund of any Fund, at any
time at our discretion. Please see section 14.2, Fundamental Changes
and Other Changes for more information.
Please see the Fund Facts section for the investment objective,
policy, restrictions and risks applicable to each Fund.
9. How we calculate the value of your investment
9.1 Net Asset Value of a Fund
On each Valuation Date, we calculate the net asset value for Units of
each Fund. The net asset value is the total market value of the Fund’s
assets minus any applicable liabilities, on that date.
The net asset value of a Fund fluctuates with the market value
of the underlying assets of the Fund and is not guaranteed.
9.2 Unit Value of a Fund
The Unit Value of a Fund is determined by dividing the net asset
value of a Fund by the number of Units held in the Fund on that
Valuation Date.
The Unit Value of a Fund remains in effect until the next
Valuation Date.
All earnings of a Fund are automatically reinvested in the Fund and
this will be reflected in the Unit Value of the Funds.
Transamerica reserves the right to change this method of reinvesting a
Fund’s earnings following written notice to policyholders.
Transamerica may increase the number of Units of a Fund by splitting
a unit into two or more Units, or decrease the number of Units by
combining two or more Units. However, the market value of the Funds
in your Contract will not be affected by this activity.
The Unit Value of a Fund is not guaranteed but varies in accordance
with fluctuations in the market value of the assets of each Fund.
9.3 Valuation Date
We determine the net asset value and the Unit Value of a Fund at the
close of business on every Valuation Date.
A Valuation Date occurs every day that the principal exchange is open
for business and a value is available for the underlying assets of the
Fund. Currently, the principal exchange is the Toronto Stock Exchange.
We may change the principal exchange to another exchange.
All transactions (e.g. Deposits, withdrawals, transfers) are processed
based on the market value as at the close of business on the Valuation
Date provided we receive, at our Head Office, the instructions or
transactions by the Valuation Date cut-off time according to our
Administrative Rules. If we receive instructions or transactions after
the cut-off time, it will be considered to be received on the next
Valuation Date.
Transamerica reserves the right to change the Valuation Date cut-off
time (earlier or later).
Please contact your advisor for the Valuation Date cut-off time that
may apply to your specific transaction request.
Transamerica reserves the right to reduce the frequency with which
the Unit Value of a Fund is calculated, subject to a minimum frequency
of once a month. If such an event occurs, you are provided with
certain rights. Please see section 14.2, Fundamental Changes and
Other Changes for more information.
We may postpone valuation:
(i) for any period during which one or more of the nationally
recognized stock exchanges are closed for other than a customary
weekend or holiday closing,
(ii) for a period during which trading on securities exchanges is
restricted, or
(iii) when there is an emergency during which it is not reasonable for
us to dispose of investments owned by the Funds or to acquire
investments on behalf of the Funds or to determine the total value
of the Funds.
9.4 Market Value of the Contract
The Market Value of your Contract on any given Valuation Date is
determined according to the following formula:
Market Value of your Contract = sum of [(Unit Value x number of Units)
for each Fund you hold in the Contract]
10. Sales Charge Options
10.1 General Information
You may have to pay sales charges when depositing or withdrawing
from the Contract, depending on the sales charge option of the
Funds that you choose. There are two sales charge options under the
Contract: ISC option and DSC option.
The amount of sales charges are determined by the Fund category and
sales charge option of the Fund.
While the Contract is in force, you may request that Funds that
are allocated under one sales charge option be moved to a Fund of
another sales charge option in accordance with our Administrative
26

Rules in effect at the time. Moving between Funds of different sales
charge options is processed as a withdrawal of Units of one Fund
and a Deposit to the Contract. Guarantees will be impacted and sales
charges and withdrawal fees may be triggered.
The movement between Funds of different sales options are
subject to market fluctuations. As this transaction will impact
guarantees, you may want to consult your advisor before
requesting such transaction.
We reserve the right to change, add or delete sales charge options at
any time.
10.2 Initial Sales Charge Option (Isc)
With this option, you negotiate the sales charge with your advisor.
The negotiated sales charge is between 0% and 5% of your
Premium. The negotiated sales charge will be deducted from the
Premium to determine the Deposit. For example, if you invest
$25,000 and you negotiate a 5% initial sales charge, $23,750 will be
the amount of the Deposit and $1,250 will be paid to your advisor
as a sales charge. Units allocated to a Fund under this option are
called ISC Units. There is no Deferred Sales Charge when you make a
withdrawal against these Units.
10.3 Deferred Sales Charge Option (Dsc)
With this option, you pay no sales charge to your advisor at the time
of Deposit. Instead, you agree to pay a Deferred Sales Charge to us
if you request a withdrawal within six years of the effective date of
each Deposit. Units allocated to your Contract under this option are
called DSC Units.
10.3.1 Deferred Sales Charge (Dsc) Upon Withdrawal
The DSC is charged as a percentage of the market value as of the
Deposit date of the DSC Units withdrawn. The percentage charged
varies based on the time that has passed since the effective date of
Deposit. The DSC schedule is as follows:
DSC (as a percentage of the
When the Units are withdrawn: market value of DSC Units
as of the Deposit date)
During the 1 st year after Deposit 6.0%
During the 2 nd year after Deposit 5.0%
During the 3 rd year after Deposit 4.0%
During the 4 th year after Deposit 3.0%
During the 5 th year after Deposit 2.0%
During the 6 th year after Deposit 1.0%
During the 7 th year after Deposit 0.0%
This Deferred Sales Charge schedule is subject to change and any
new Deposits made after such change will be subject to the new
Deferred Sales Charge schedule.
We withdraw Units from the Funds you have selected in the order
they were allocated to a Fund – first in, first out, withdrawing the
oldest Units first until the total requested amount is withdrawn.
10.4 Free Withdrawal Privilege for DSC Units
You are entitled in each calendar year to withdraw 10% of the number of DSC Units allocated to a Fund without paying DSC. Any unused portion of the
privilege may not be carried forward from one year to the next. We reserve the right to discontinue or change this right at any time.
The number of DSC Units that may be withdrawn from a Fund each year under the free withdrawal privilege for DSC Units is the sum of the following:
(i) 10% of the DSC Units that were allocated to the Fund at the end of the previous calendar year, and
(ii) 10% of DSC Units allocated to the Fund in the current year, prorated by the number of days the Units have been held in the current year (not
including the day of allocation) (In prorating, we divide by 366 for leap years and by 365 for non-leap years); less
(iii) any DSC Units withdrawn from the Fund in the current year under this privilege.
The standard provision under Processing a Withdrawal will apply to free withdrawals.
The following example is for a non-registered Contract:
Date Transaction/Event Amount Unit Value Number of Units Free Units
Dec 30, 2013 Deposit $25,000.00 $10.00 2,500 250 (2,500 X 10%)
Jan 10, 2014 Deposit $5,500.00 $11.00 500 25.890*
Apr 18, 2014 Deposit $6,000.00 $12.00 500 12.466**
Jul 18, 2014 10% free withdrawal requested $3,748.63 $13.00 _ 288.356
* (10% of 500 DSC Units = 50 free additional Units in aggregate) x 189/365† = 25.890 free Units available to be withdrawn as of July 18, 2014
** (10% of 500 DSC Units = 50 free additional Units in aggregate) x 91/365†† = 12.466 free additional Units available to be withdrawn from your Fund as of July 18, 2014
Total free Units available to be withdrawn from your Fund as of July 18, 2014 are 250 + 25.890 + 12.466 = 288.356 free additional Units.
† 189 represent the number of days from January 11 to July 18 inclusive
†† 91 represent the number of days from April 19 to July 18 inclusive
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11. Fees
11.1 General Information
The management fee is the fee you pay for the management of the
Funds, commissions and service fees payable to advisors.
The insurance fee is the fee you pay for the insurance benefits
provided by the Contract. The insurance benefits provided by the
Contract are the Contract Maturity Benefit, the Death Benefit and
Resets of the Death Guaranteed Amount.
The management fee, insurance fee together with operating expenses
and applicable taxes of a Fund are incorporated in the Management
Expense Ratio (MER) of a Fund.
The Contract is subject to switch fees. We reserve the right, in certain
circumstances, to charge an early withdrawal fee and an early switch
fee to dissuade activity that may be detrimental to the Funds and all
policyholders. Certain fees are subject to applicable taxes.
11.2 Management Fee, Insurance Fee And Operating Expenses
Each Fund pays a management fee to us for the management of the
Fund, which includes the costs for investment management services
and facilities to support the Funds, and commissions and service fees
payable to advisors.
Where the Fund invests in an Underlying Fund, the management fee and
the MER of the Fund includes the corresponding management fee and the
MER of the Underlying Fund(s), and there is no duplication of management
fees for the same service, and the management fee and MER of the Fund
includes the management fee and MER of the Underlying Fund.
Each Fund also pays an insurance fee to us for providing the insurance
benefits of the Contract. Each Fund also pays its own operating expenses.
Operating expenses accrue daily and include, among other things:
• Audit, accounting and financial costs
• Custodial and trustee costs
• Legal and regulatory costs
• Bank service fees and interest charges
• Policyholder communications and related administrative costs
• Applicable taxes
Depending on the risk level and volatility of the Fund, each Fund will be
assigned, at our discretion, a insurance fee. The more risk and volatility
associated with a Fund, the higher the insurance fee is for that Fund.
Each Fund is responsible for the cost of the insurance fee, which
can be increased at any time by the Company. We may change the
amount of the insurance fee of a Fund, up to the maximum insurance
fee of the Fund, without prior notification. In this case we will let you
know annually whether any such increases occurred. If there is an
increase to the maximum insurance fee of the Fund, we will provide
you with at least 60 days advance notice and you will have the rights
outlined under the Fundamental Change Rule. Please see section 14.2,
Fundamental Changes and Other Changes for more information.
The management fees, operating expenses, insurance fee and
applicable taxes are calculated and accrued based on the market value
of the Fund’s assets on each Valuation Date and are paid to us monthly.
You do not directly pay for the management fees, insurance fees,
operating expenses and applicable taxes as they are paid by the Fund.
These fees and applicable taxes will reduce the returns earned by the
underlying assets within the Fund.
Subject to the Fundamental Changes and Other Changes provision
described in section 14.2, we may change the management fee for
any Fund by sending you written notice of the change at least
60 days in advance.
Please see the Fund Facts for the management fee,
insurance fee, and maximum insurance fee of each Fund.
11.3 Management Expense Ratio
The “management expense ratio” (MER) shows the historical, annual
cost of investing in a Fund and may vary from year to year. It includes
the management fees, operating expenses, insurance fee and applicable
taxes paid by the Fund. You do not directly pay the MER as it is paid out of
the Fund before the calculation of the Unit Value. Where the Fund invests
in an Underlying Fund, there is no duplication of fees for the same service.
The MER is calculated as follows:
MER = 100 x management fee + operating expenses + insurance fee +
applicable taxes
average net assets of the Fund during the year
Please see the Fund Facts for more information about MERs.
11.4 Switch Fees, Early Withdrawal Fees, Early Switch Fees and
Recovery of Expenses
Frequent trading in and out of Funds may have a negative impact
on the overall performance of the affected Funds. Such activity is
detrimental to all policyholders in the affected Funds. To discourage
attempts at market timing, this Contract is subject to switch fees.
Transamerica also reserves the right to charge an early withdrawal
fee, an early switch fee or for any expenses or investment losses that
occur as a result of an error on your part (e.g. NSF cheque).
11.4.1 Switch Fee
We will deduct a switch fee of 2% of the amount switched for the
fifth and subsequent switches in the same calendar year. Please refer
to section 5.2 for information on the switch fee.
The switch fee will reduce the Maturity Guaranteed Amount and
Death Guaranteed Amount proportionally.
If your Contract is non-registered, the switch fee will trigger a
disposition of the Fund units which is taxable under the Income Tax
Act (Canada). For more information, please refer to section 15.2,
Taxation of Non-Registered Contracts. If your contract is registered,
the switch fee will not be subject to withholding taxes.
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Transamerica reserves the right to change this fee at any time upon 60
days advance notice.
11.4.2 Early Withdrawal Fee
We may apply an early withdrawal fee of 2% of the value of Units
withdrawn if the unscheduled withdrawal is made within 90 days
of allocating those Units to the Fund. This fee does not apply to
scheduled withdrawal payments nor to the 10% free withdrawal
privilege. Transamerica reserves the right to change this fee at any
time upon 60 days advance notice.
The early withdrawal fee will reduce the Maturity Guaranteed Amount
and the Death Guaranteed Amount proportionally.
If your Contract is non-registered, the early switch fee will trigger
a disposition of the Fund units which is taxable under the Income
Tax Act (Canada). For more information, please refer to section 15.2,
Taxation of Non-Registered Contracts. If your contract is registered,
the switch fee will not be subject to withholding taxes.
11.4.3 Early Switch Fee
We may apply an early switch fee of 2% of the value of Units
switched if an unscheduled switch is made within 90 days of
allocating those Units to the Fund. This fee does not apply to
scheduled switches. Transamerica reserves the right to change this
fee at any time upon 60 days advance notice.
The early switch fee is paid as a withdrawal of Units and will reduce
the Maturity Guaranteed Amount and the Death Guaranteed Amount
proportionally.
If your Contract is non-registered, the early switch fee will trigger
a disposition of the Fund units which is taxable under the Income
Tax Act (Canada). For more information, please refer to section 15.2,
Taxation of Non-Registered Contracts. If your contract is registered,
the switch fee will not be subject to withholding taxes.
11.4.4 Recovery Of Expenses
We reserve the right to charge you for any expenses or investment
losses that occur as a result of your (non-sufficient funds) NSF payment
when making a Deposit to the Contract. Any charges passed on to you
will correspond to any expenses or losses incurred by Transamerica.
11.4.5 Additional Fees
We reserve the right to charge a fee for any administrative service
provided under the Contract. We reserve the right to change the
amount or the nature of such administrative fees at any time.
12. TERMINATION OF THE CONTRACT
This Contract will be terminated and all of our obligations under this
Contract will cease upon any one of the following events:
• surrender of all the Units to the Contract’s credit upon your request,
and payment to you of the total proceeds of such surrender request,
less any fees, sales charges and taxes.
• payment of the Death Benefit.
• on the Contract Maturity Date, subject only to payment to you of
the Contract Maturity Benefit or conversion of this Contract to a
single life annuity contract.
• subject to any applicable legislative requirements, surrender of all of
the Units to the Contract’s credit and payment to you of the Market
Value of the Contract, less any fees, sales charges and taxes,
• if at any time the Market Value of the Contract and the Contract
Maturity Guaranteed Amount are less than $500, at Transamerica’s sole
discretion upon 30 days notice.
13. COMPENSATION PAID TO ADVISORS
The Contract is sold through independent advisors. We compensate
the Advisor who solicits the Contract. The amount of compensation
depends on the contractual agreement between Transamerica and/or
its advisor.
We pay sales commission which may vary based on the sales charge
option, the Fund and in some cases the amount of Deposit.
Your Advisor also receives service commission for ongoing service.
No compensation is paid for:
• Top-up Benefit paid on the Contract Maturity Date and the Death
Benefit Date
• Switches between Funds (i.e. within the same sales charge option)
• Within the same Contract, conversions from a RRSP/LIRA/LRSP/
RLSP to the applicable RRIF/LIF/ RLIF/PRIF
14. OTHER IMPORTANT INFORMATION
14.1 Claims of Creditors
This Contract may be protected from claims of creditors when the
beneficiary is the spouse, parent, child or grandchild of the annuitant
(in Quebec, the Beneficiary must be married or civil union spouse, the
ascendant or descendant of the Owner), or if the Beneficiary is named
irrevocably. It is not clear whether creditor protection is available if
the Contract is held in a nominee plan.
This information is of a general nature only based on
Transamerica’s understanding of the law at the time of printing.
There are important limitations with respect to this protection.
Certain facts may void creditor protection. A contract holder
is advised to obtain legal advice with respect to his or her
personal circumstances.
14.2 Fundamental Changes And Other Changes
We may make certain changes under this Contract that are considered
a fundamental change. A fundamental change is defined as:
• an increase in the management fee of a Fund;
• a change in the fundamental investment objectives of a Fund;
29

• a decrease in the frequency with which Units of a Fund are
valued; or
• an increase in the maximum insurance fee of a Fund.
In the case where a Transamerica Guaranteed Investment Fund
invests in an Underlying Fund, we also reserve the right to change such
Underlying Fund. If such a change constitutes a Fundamental Change,
you will have the rights described in the section immediately below.
In the event of a fundamental change or a Fund Closure, we will give
you at least 60 days’ prior written notice (the “Notice Period”) before making
the change. You have the right to: (a) switch to a Similar Fund before the
expiry of the Notice Period; or (b) if we do not offer a Similar Fund, withdraw
the Units in the Funds affected by the fundamental change without incurring
sales charges. We must receive your written response at least 5 days prior
to the expiry of the Notice Period.
During the Notice Period, you may not switch to a Fund subject to a
Fund Closure, except that you may switch to a Fund subject to other
types of Fundamental Changes if you agree to waive the right to
surrender without sales charges.
We will also notify the insurance regulators and the Canadian Life and
Health Insurance Association Inc. at the same time we notify you of
the change (unless such notice is not practical in the circumstances,
in which event we will provide notice as soon as possible and as
reasonably practical), and amend or re-file the Information Folder
to reflect the change. The foregoing may be superseded by any
regulatory changes governing individual variable insurance contracts.
A Similar Fund is a Fund that; (a) has a comparable investment
objective, (b) is in the same Fund investment category, (c) has
the same or lower management fee and insurance fee, and (d) is
valued at the same or greater frequency as the Fund subject to the
Fundamental Change.
Changing an Underlying Fund will not constitute a Fundamental
Change provided that all of the conditions for a Similar Fund continue
to apply to the Fund immediately following the change.
A similar Underlying Fund is one that: (a) has a comparable
fundamental investment objective (b) is in the same investment fund
category and (c) has the same or lower management fee.
The investment objective of the Underlying Funds may not be changed
unless approved by the unitholders of the underlying mutual fund.
Upon such approval, you will be provided notice of the change.
Transamerica Guaranteed Investment Funds (GIPs) invest in
multiple Underlying Funds. Periodic changes to Underlying Funds or to
the target weightings of the Transamerica Guaranteed Investment
Funds will not normally constitute a Fundamental Change. If the
change meets the definition of a Fundamental Change, you will have
the rights described in the section above.
14.3 Limitation of Actions
Every action or proceeding against an insurer for the recovery of
insurance money payable under the contract is absolutely barred
unless commenced within the time set out in the Insurance Act, or
other applicable provincial legislation.
15. TAX IMPLICATIONS
15.1 General Information
This is a general summary of the income tax consideration for
individual Owners who are Canadian residents. It does not
address all possible tax considerations and you should consult
your tax advisor to address your personal tax circumstances.
The summary is based on the current Income Tax Act (Canada).
Legally, Transamerica is considered the Owner of the assets of the
Funds. However, for tax purposes, each Fund is treated as a trust,
separate from Transamerica. Transamerica does not pay taxes on
income or net gains generated by the Fund. Rather, each Fund will
allocate income, capital gains and capital losses to you based on the
number of Units allocated to you under the Contract.
You are responsible for the proper reporting and payment of taxes,
though Transamerica may suggest an interpretation of certain features
offered under the Contract based on our understanding of current tax
legislation. We recommend that you consult your tax advisor regarding
the tax treatment of the benefits under this Contract as they apply to
your individual circumstances.
We reserve the right to withdraw Units of a Fund or Funds to satisfy
your tax liability towards the Canada Revenue Agency and for
which Transamerica is responsible for collecting, e.g. non-resident
withholding tax.
15.2 Taxation of Non-Registered Contracts
Each year, you will be allocated income and capital gains or capital
losses realized by a Fund with Units allocated to you.
If you withdraw Units of a Fund due to the death of the Owner or a
switch between Funds, you may realize a capital gain or a capital loss.
Sales charges including DSC may be deducted as a capital loss in the
year you dispose of your Units.
The withdrawal of Units to pay for the switch fee, early withdrawal
fee,early switch fee, and any other fee or administrative charge can
result in a capital gain or a capital loss in the year of withdrawal.
Should you become a non-resident of Canada, the withdrawal of
Units may be required to satisfy withholding tax liabilities; such a
withdrawal may result in a capital gain or capital loss.
The discontinuance of a Fund and reallocation to another Fund is a
disposition for income tax purposes, which can result in a capital gain
or a capital loss. The substitution or re-balancing of an Underlying
Fund(s) is also considered a disposition for income tax purposes,
which can result in a capital gain or a capital loss.
30

We will send you a tax slip at the end of each year showing the
income, capital gains and capital losses for Units of each Fund
allocated to you.
15.2.1 Taxation of Contract Maturity Benefit and Death Benefit Top-Up
If the Contract Maturity Guaranteed Amount or Death Guaranteed
Amount is greater than the Market Value of the Contract on the
Contract Maturity Date or Death Benefit Date, as the case may be, we
will make up the difference. The difference is called “Top-up Benefit”.
The Top-up Benefit is taxable when it is paid as part of the Contract
Maturity Benefit or Death Benefit.
The taxation of the Top-up Benefit of a non-registered contract is not
certain at this time. We recommend that you consult your tax advisor
to consider the tax treatment of Top-up Benefits in your individual
circumstances. Based on our current understanding of the Income Tax
Act (Canada), we will report the Top-up as a capital gain.
15.3 Taxation of Registered Contracts
15.3.1 RRSP
Your Contract may be issued as a registered plan under the Income
Tax Act (Canada).
In a registered Contract, no tax is payable on investment income and
earnings allocated to your Contract or on capital gains realized as a
result of a switch of Funds.
Deposits made to an RRSP can be deducted on the personal income
tax return by the person making the Deposit, up to the maximum
permitted under the Income Tax Act (Canada). If you own a spousal
RRSP, your spouse who is contributing to your RRSP can make the
deduction, subject to allowable limits.
Withdrawals from an RRSP are taxable. We are required to withhold
and remit the applicable taxes on the amount withdrawn.
There are no tax consequences on the conversion or transfer from an
RRSP Contract to a RRIF Contract or another RRSP Contract.
15.3.2 LIRA/LRSP/RLSP
Withdrawals from a LIRA/LRSP/RLSP are taxable. We are required to
withhold and remit the applicable taxes on the amount withdrawn.
There are no tax consequences on the conversion or transfer from an
LIRA/LRSP/RLSP Contract to another LIRA/LRSP/RLSP Contract or the
applicable LIF/RLIF/PRIF Contract.
15.3.3 RRIF/LIF/RLIF/PRIF
If your contract is a RRIF,LIF, RLIF or PRIF, you are required to take the
RRIF Minimum Amount as determined by the Income Tax Act (Canada)
each calendar year.
Payments and cash withdrawals from a RRIF, LIF, RLIF or PRIF will be
included in your income for the year the payments are made.
15.3.4 TFSA
We are required to withhold taxes at the prescribed rates if you
withdraw an amount in excess of the RRIF Minimum Amount. The
difference is subject to withholding taxes.
Deposits made to a TFSA are not tax deductible. Any unused TFSA
contribution room will accumulate and can be carried forward to
subsequent years.
Withdrawals are not subject to income tax and will restore your
contribution room equal to the withdrawal(s) amount in the following
calendar year. If you withdraw and re-contribute in the same taxation
year, you may be subject to significant tax penalties imposed by the CRA.
15.3.5 Taxation of Contract Maturity Benefit and Death Benefit Top-Up
The Top-up benefit amount that we pay on the Contract Maturity
Date or the Death Benefit Date is considered to be part of the market
value of the contract. It will be taxable to you, your beneficiary or your
estate unless it is transferred to another registered plan.
16. CUSTODIAN
The custodian of the Funds is RBC Dexia Investor Services Trust,
200 Bay Street, North Tower, Toronto, Ontario, M5J 2J5.
17. AUDITOR
The auditors of the Funds is Ernst and Young LLP, 222 Bay Street,
Toronto, Ontario, M5K 1J7
18. MATERIAL CONTRACTS AND MATERIAL FACTS
In 2008, Transamerica entered into a contract with RBC Dexia Investor
Services Trust for the provision of investment accounting services in
respect of the Funds. There are no other materials facts relating to
your Contract that have not been otherwise disclosed.
19. INTEREST OF MANAGEMENT
No director or officer of Transamerica has had any material interest
in any transactions within 3 years prior to the date of filing of this
information folder that would materially affect Transamerica with
respect to the Funds.
20. GLOSSARY
For terms used in this folder, please see section 1 of the Annuity
Policy, page: 34.
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TRANSAMERICA LIFE CANADA
Transamerica Guaranteed Investment Funds
Annuity Policy
In this Contract, “you” and “your” mean the Owner of the Contract. “We”, “us”, “our” and “Transamerica” means Transamerica Life Canada.
Transamerica Life Canada is the sole issuer of this annuity Contract and the provider of the guarantees under the Contract.
TRANSAMERICA LIFE CANADA
Douglas W. Brooks
President and Chief Executive Officer
Glenn Daniels
Corporate Secretary
33

Annuity Policy
1. DEFINITIONS OF TERMS USED IN THE ANNUITY POLICY AND
THE INFORMATION FOLDER
In the Annuity Policy and Information Folder, the following terms shall
have the following meanings:
Administrative Rules are rules, policies and procedures that we
may establish from time to time to administer your Contract. We may
change Administrative Rules without notice to you. The Administrative
Rules that apply are those in effect at the time of the transaction.
Advisor means the person, firm, distributor, corporation or other
entity duly licensed by the appropriate regulatory authorities to solicit
applications for insurance in the applicable jurisdiction, and with
whom Transamerica has a contractual agreement.
Annuitant is the measuring life on whom the Contract Maturity
Benefit and the Death Benefit is based. For registered plans, you must
be the Annuitant; for non-registered plans, you may be the Annuitant
or you may designate another person to be the Annuitant.
Beneficiary is the individual or entity you designate to receive the
Death Benefit on the death of the last surviving Annuitant.
Business Day means a day other than a Saturday, Sunday or
statutory holiday in the Province of Ontario, Canada.
Contract consists of the Transamerica Guaranteed Investment
Funds annuity policy, any endorsements or riders incorporated
by reference into the annuity policy at the time of its issue, the
application once completed and any amendments agreed to by us in
writing after the Contract is issued.
Contract Maturity Benefit is the benefit payable or used to calculate
an immediate annuity when the Contract matures (the Contract
Maturity Date). The benefit is calculated as the greater of the Contract
Maturity Guaranteed Amount and the Market Value of the Contract on
the Contract Maturity Date.
Contract Maturity Date is the date that the Maturity Benefit is
calculated. It refers to December 31 st of the year in which the last
surviving Annuitant turns 100 years of age, or the last Valuation Date of
that year if December 31 st is not a Valuation Date (except for locked-in
plans registered under the laws of Newfoundland and New Brunswick).
Contract Maturity Guaranteed Amount means the minimum
amount that is payable on the maturity of the Contract.
Death Benefit is the benefit payable on the Death Benefit Date. The
death benefit is calculated as the greater of the Death Guaranteed
Amount and the Market Value of the Contract on the Death Benefit Date.
Death Benefit Date means the Valuation Date we receive
satisfactory proof of the death of the last surviving Annuitant in
accordance with our Administrative Rules.
Death Guaranteed Amount means the minimum amount that is
payable on the death of the last surviving Annuitant. (See Reset of the
Death Guaranteed Amount.)
Deferred Sales Charge (DSC) is a sales option where you pay no
sales charge to your Advisor at the time of Deposit. You will pay a
DSC if you withdraw Units within 6 years of the effective date of
the deposit.
Deferred Sales Charge Units (DSC Units) means Units allocated to
a Fund under the Deferred Sales Charge option.
Deposit(s) means the Premium(s) received from you less applicable
taxes and sales charges. It does not include the dollar amount of any
switches between Funds.
Effective Date is the date the Contract becomes effective. It is the
Valuation Date coinciding with or next following the later of (i) the
date we receive the first Deposit to the Contract; and (ii) the date
we confirm that the Contract has been set up in accordance with our
Administrative Rules.
Fund or Fund(s) means the segregated funds currently available
under the Transamerica GIF Contract.
Guaranteed Amount means the minimum amount that is payable at
a time specified in the Contract, whether on death, contract maturity
or any other stated time defined in the Contract.
Head Office means our office at 500 – 5000 Yonge Street, Toronto,
Ontario M2N 7J8. If we change our Head Office, we will notify you
in writing.
Initial Sales Charge (ISC) means a fee, agreed upon by you, that is
paid to your Advisor. The fee is deducted from the amount we receive
from you before Units are allocated to your Contract. There is no
deferred sales charge when you make a withdrawal against these Units.
Initial Sales Charge Units (ISC Units) means Units allocated to a
Fund under the ISC option.
Market Value of the Contract is equal to the sum of [(Unit Value x
number of Units) for each Fund you hold in the Contract] at the close
of business in a given day if it is a Valuation Date, or if it is not a
Valuation Date, the immediately preceding Valuation Date.
Owner means the Owner or Owners of the Contract, as named in the
application or as changed in accordance with the Contract.
Policy Anniversary Date means the anniversary of the Effective
Date of the Contract.
Premiums are the amounts we receive from you for allocation to the
Contract before deducting applicable taxes and sales charges.
Reset of the Death Guaranteed Amount means the transaction that
occurs every year, on the Policy Anniversary Date, to lock in market
gains, if any, for the Death Guaranteed Amount.
Resets are an insured benefit applied or attempted automatically to
increase the value of the Death Guaranteed Amount. Where the total
market value of the Funds is lower than the then current value of the
Death Guaranteed Amount, the Reset is attempted but there is no
change to the Death Guaranteed Amount. The application of the Reset
to each of these features is described in section 8, Guarantees.
34

RRIF Minimum Amount means the minimum amount that is required
to be withdrawn from the RRIF or locked-in income Contracts each
calendar year under the Income Tax Act (Canada).
Similar Fund means a Fund that has a comparable investment
objective, is in the same Fund investment category, has the same
or lower management fee, insurance fee and is valued at the same
or greater frequency as the comparable Fund. See section 14.1
Fundamental Changes and Other Changes.
Successor Annuitant means a person who will become the
Annuitant when the primary Annuitant dies and for the purposes of
the Contract will be considered the Annuitant. A Successor Annuitant
can be designated for RIF Contracts and in that case, only a spouse or
common-law partner (as the terms are defined under the Income Tax
Act (Canada)) can be designated as a Successor Annuitant. You may
appoint a Successor Annuitant only while the Annuitant is living.
Underlying Fund means a mutual fund or other type of Fund that we
may select in which a Fund invests from time to time.
Unit Value is determined by dividing the net asset value of a Fund
by the number of Units allocated to the Fund on a Valuation Date. The
Unit Value of a Fund remains in effect until the next Valuation Date.
Units are a notional measurement to determine your participation
interests in a segregated fund.
Valuation Date means every day that the principal exchange is
open for business, and a value is available for the underlying assets
of the Fund. Currently, the principal exchange is the Toronto Stock
Exchange. The end of one Valuation Date and the beginning of the
next Valuation Date is defined in accordance with our then current
Administrative Rules with respect to cut-off times for transactions. For
example, a Valuation Date may end at 4 p.m. Any transaction requests
received after that time will be deemed received on the next following
Valuation Date.
2. THE CONTRACT
2.1 Nature of the Contract
The Contract consists of this individual variable annuity policy (the
“Annuity Policy”), the application form once completed and accepted
by us, endorsements issued with the Annuity Policy and written
amendments we agree to after your Contract is issued.
The following information presented in the Fund Facts documents also
forms part of the Contract:
• Name of the Contract and the segregated funds
• Management Expense Ratio, fees and expenses
• Risk disclosure
• Right to cancel
The Fund Facts documents are included in the Information Folder and
are also available on our website at www.transamerica.ca.
The information provided in the Fund Facts is accurate and complies
with the requirements of the Individual Variable Insurance Contract
Guideline as of the date the information was prepared. Any error
in the Fund Facts information described above will be remedied by
correction of the error, where reasonable, but will not entitle you to
benefit from the error.
We will not be bound by an amendment made by you or your Advisor
unless it is in writing and signed by our President together with one of
our Vice-Presidents.
This Contract is available as a non-registered Contract or if you
request that your Contract be registered as a Retirement Savings Plan
(RSP), a Retirement Income Plan (RIF), a locked-in plan (LIRA, LRSP,
RLSP, LIF, PRIF, RLIF) or as a Tax Free Savings Account (TFSA), the
RSP, RIF, locked-in plan or TFSA endorsement, as applicable, will be
part of the Contract. The terms of the endorsement will override any
conflicting provisions of the Contract.
2.2 Rescission Rights
You may cancel the Contract, any Deposit(s) or any Fund allocation
(switch) provided you send us written notice requesting the
cancellation within two (2) Business Days of the earlier of (i) the date
you receive the transaction confirmation; and, (ii) five (5) Business
Days from the date it is mailed by us. You will be deemed to have
received the transaction confirmation five (5) Business Days after we
have mailed it to you.
On the Valuation Date we receive your request for cancellation of:
(a) the Contract or a Deposit, the value of cancelled Units will be
refunded to you.
(b) an allocation between Funds (switch), the value of the cancelled
Units will be returned to the immediately preceding Fund
allocation.
The value of the cancelled Units will be the lesser of (i) the market
value of the Units on the Valuation Date of the Deposit or switch,
and (ii) the market value of the Units on the Valuation Date your
cancellation request was received by us. Any sales charges or other
fees charged to you for the Deposit or switch will be reversed. A
cancellation of a Fund switch will include a reversal of any fees
resulting from the switch but will not be refunded in cash. A request
for cancellation must clearly identify the specific transaction you wish
to cancel.
2.3 Effective Date of the Contract and Policy Anniversary Date
The Contract takes effect on the Valuation Date coinciding with or
next following the later of (i) the date on which we receive your first
Deposit; and (ii) the date we confirm that the Contract has been set up
in accordance with our Administrative Rules. Delivery of a copy of the
Annuity Policy does not constitute acceptance of a Contract. The date
the Contract takes effect is called the “Effective Date”.
The Effective Date determines the Policy Anniversary Date.
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2.4 Effective Minimum Guaranteed Amount
Subject to any applicable legislative requirements, if all the
Guaranteed Amounts, including the Death Guaranteed Amount and the
Contract Maturity Guaranteed Amount are less than $500, we reserve
the right to terminate the Contract upon 30 days notice and forward to
you the Market Value of the Contract, minus any applicable charges,
fees and taxes.
2.5 Number of Contracts Allowed
We have the right to limit the number of Contracts with the same
Annuitant or Successor Annuitant by declining subsequent applications.
2.6 Contract Amendment
We reserve the right to amend the Contract at any time if legislation
or regulation which affects the terms of the Contract is changed. We
will inform you of changes to the Contract resulting from legislative or
regulatory amendment along with regular communications sent to you.
2.7 Administrative Rules
We adopt Administrative Rules for the consistent administration of all
Contracts. The Administrative Rules are those in effect at the time the
transaction is processed and may change from time to time, without
notice to reflect corporate policy, economic and legislative changes.
As these Administrative Rules change, it may affect the administration
of your Contract.
3. GENERAL PROVISIONS
3.1 Owner
As Owner, you are entitled to all rights granted under the Contract,
subject to any limits imposed by law. The Owner must be a Canadian
resident at the time the Contract is issued.
Your rights may be limited if you have designated an irrevocable
beneficiary or if you have assigned or hypothecated the Contract.
3.2 Successor Owner
You may designate a successor Owner to assume ownership of the
Contract upon your death. If you are also the Annuitant, ownership
will not pass to the successor Owner unless you have also designated
a Successor Annuitant. Upon your death, the Death Benefit will
become payable and the Contract will end, unless you have
designated a Successor Annuitant and the Successor Annuitant does
not predecease you.
In the Province of Quebec, the successor Owner is called a
“subrogated policyholder”.
3.3 Joint Owners
You may designate a successor Owner to assume ownership of the
Contract upon your death. If you are also the Annuitant, ownership
will not pass to the successor Owner unless you have also designated
a Successor Annuitant. Upon your death, the Death Benefit will
become payable and the Contract will end, unless you have
designated a Successor Annuitant and the Successor Annuitant does
not predecease you.
This form of ownership is not available in Quebec.
3.4 Annuitant
The Annuitant is the person on whose age and life the Contract Maturity
Benefit is measured and on whose death the Death Benefit is payable.
The Annuitant must be a Canadian resident at the time the Contract
is issued.
Upon request and subject to our consent, you may change a previously
designated Annuitant for a non-registered Contract, except for a
TFSA Contract. Before consenting to the change, we may request
information, including acceptable medical evidence of the new
Annuitant’s health. We may refuse consent if the medical evidence
is not satisfactory or is incomplete. Following a change of Annuitant,
the Contract Maturity Date and the determination of the latest age for
deposit will be based on the new Annuitant’s age.
3.5 Successor Annuitant
You may, during the Annuitant’s lifetime, appoint a Successor Annuitant
to replace the deceased Annuitant for a non-registered Contract
and a Contract registered as a RIF. For a TFSA Contract or a Contract
registered as a RIF, the Successor Annuitant must be your spouse or
common-law partner, as defined in the Income Tax Act (Canada).
You may also, during the Annuitant’s lifetime, remove a previously
made Successor Annuitant designation.
If you have designated a Successor Annuitant under the Contract who
is still alive on the death of the Annuitant, no Death Benefit is payable
until the death of the last surviving Annuitant.
3.6 Beneficiary
The Beneficiary is the person you designate to receive the Death
Benefit after the death of the last surviving Annuitant. You may
change or revoke the Beneficiary in accordance with the law
applicable to this Contract. If you have designated the Beneficiary as
irrevocable, you may not change or revoke the designation without the
Beneficiary’s consent.
Any appointment of a Beneficiary, or any change or revocation of
an appointment, must be made in writing and will be effective
when recorded by us. We are not bound by a designation, change or
revocation, which has not been received and recorded by us at the date
we make a payment or take any action. We assume no responsibility
for the validity or effect of any appointment, change or revocation.
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If there is no surviving Beneficiary at the time of the last surviving
Annuitant’s death, the Death Benefit will be paid to you if you are
not the Annuitant, otherwise to your estate. If you have designated a
Successor Owner, the benefit will be payable to the Successor Owner
in this case. Special rules apply to Contracts held in nominee name.
4. PLAN TYPES AVAILABLE
This Contract may be non-registered or registered for Canadian tax
purposes. Please see section 4.2 for the registered plans available
under this Contract.
4.1 Non-Registered Contracts (other than TFSA Contracts)
The Owner of a non-registered Contract may be an individual, a
corporation or any type of ownership permitted under the laws
governing your Contract and our Administrative Rules. You may be the
Annuitant or designate another person as Annuitant.
You may be able to transfer ownership of a non-registered Contract.
A transfer of ownership must be made in accordance with the laws
applicable to your Contract and our Administrative Rules.
You cannot borrow money directly from a non-registered Contract;
however, a non-registered Contract may be assigned as security for a
loan to the lender. If You assign your Contract to the lender, the rights
of the lender may take precedence over the rights of any other person
having a claim over the Contract. An assignment of this Contract may
restrict or delay certain transactions.
4.2 Registered Contracts and TFSA Contracts
Under a registered or TFSA Contract, you are both the Owner and
Annuitant.
The Registered Plans available under this Contract are: Registered
Retirement Savings Plan (RRSP), Spousal RRSP, Registered Retirement
Income Fund (RRIF), and Spousal RRIF. This Contract can also be
registered as a Locked-in savings plan, such as Locked-in Retirement
Account (LIRA) (also called Locked-in Retirement Savings Plan),
Restricted Locked-in Savings Plan (RLSP) and as a locked-in income
plan, such as a Life Income Fund (LIF), Prescribed Retirement Income
Fund (PRIF) and Restricted Life Income Fund (RLIF). This Contract is
also available as a Tax Free Saving Account (TFSA).
You cannot borrow money directly from a registered Contract and you
cannot use a registered Contract as security for a loan.
If the Contract is registered as an RSP, Deposits can be made until
December 31 st of the year the Annuitant turns 71 or the latest age to
hold an RRSP under the Income Tax Act (Canada), at which time the
RRSP must be converted into a RRIF, an immediate annuity or taken as
a cash withdrawal.
If the Contract is registered as a locked-in savings plan, you may make
Deposits into the plan until December 31 st of the year the Annuitant
turns 71 or the latest age to hold locked-in savings plan under the
Income Tax Act (Canada), at which time it must be converted into a
locked-in income plan.
For a registered or TFSA Contract, you do not pay taxes on earnings as
long as they remain inside the plan.
Unless you indicate otherwise, we will automatically change the
registration status as follows from:
• an RRSP to a RRIF;
• a LIRA or LRSP to a LIF;
• a LIRA governed by the laws of Saskatchewan to a PRIF; or
• a LIRA governed by the laws of Manitoba to a PRIF; and
• a RLSP to a RLIF
The Contract Maturity Date remains at December 31 st of the year
the last surviving Annuitant turns 100; age 80 for locked-in plans
registered under the laws of Newfoundland and Labrador; age 90 for
locked-in plans registered under the laws of New Brunswick. All terms
related to registered plans and TFSA contracts are subject to change
as required by the laws of the applicable jurisdiction.
5. DEPOSITS
5.1 Making Deposits
While this Contract is in force, you may make Deposits in accordance
with our Administrative Rules until the latest age to make a Deposit.
The latest age to make a Deposit varies based on the plan type of the
Contract and is set out below:
Plan Type
Non-registered, RRIF, Spousal RRIF,
LIF, RLIF, PRIF, TFSA
RRSP, Spousal RRSP,
LIRA, LRSP, RLSP, Newfoundland
and Labrador LIF
Latest Age to Maket a
Deposit
The day before the Annuitant
turns 76.
December 31 st of the year the
Annuitant turns 71.*
* Or the latest age to hold an RRSP under the Income Tax Act (Canada), except
that it cannot exceed the day before the Annuitant’s age 76.
There are minimum Deposit requirements for this Contract. The
minimum initial Deposit required to issue your Contract is $1,000. Our
Administrative Rules also provide minimum amounts for subsequent
deposits and Fund allocations. These minimum amounts may vary
depending on the deposit method you choose, for example Pre-
Authorized Chequing (PAC) or payment by cheque.
A Deposit in excess of $2 million requires prior approval.
All payments must be made in the lawful currency of Canada.
If your payment comes back to us marked NSF (Not Sufficient Funds),
we reserve the right under our Administrative Rules to charge a fee to
cover our expenses. Please see section 12.5, Recovery of Expenses.
The Valuation Date for your Deposit is as set out in section 10.2,
Valuation Date.
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5.2 Deposits by Scheduled Pre-Authorized Chequing Plan
You may establish a pre-authorized chequing (PAC) plan to make
deposits on a scheduled basis.
The pre-authorized chequing plans are available for non-registered,
TFSA and RRSP Contracts. They are not available for Contracts
registered as a RIF and locked-in income plans.
We have the right to cancel the PAC at any time, upon 10 days notice
to you.
If we discontinue a Fund or close a Fund to new Deposits, we have the
right to direct the PAC to another Fund.
Subject to our Administrative Rules, we will stop processing deposits
by PAC if they are returned unprocessed. You will be required to notify
us in writing to re-establish deposits to the Contract by PAC. Please
see the application for terms and conditions applicable to PAC.
5.3 Deposits under different Sales Charge Options
You may elect to make a Deposit under the Initial Sales Charge (ISC)
or the Deferred Sales Charge (DSC).
If the ISC option applies, a sales charge will be deducted from the
Premium before Units are allocated to the Contract. The remaining
amount is the Deposit. The Deposit will be divided by the Unit
Value of the Fund effective on the Valuation Date of the Deposit to
determine the number of the applicable Units of each Fund to be
allocated to the Contract. There is no sales charge when you make a
withdrawal against Units allocated under the ISC option.
If the DSC option applies, the Premium will be divided by the Unit
Value of each Fund selected, effective on the Valuation Date of the
Deposit to determine the number of Units of each Fund to be allocated
to the Contract. Under this option, a sales charge will be deducted
from all withdrawals made within the first 6 years of the Effective
Date of the Contract, except for withdrawals made in accordance with
your 10% free withdrawal right.
5.4 General Provisions Relating to Deposits
In accordance with our Administrative Rules, we may
• refuse to accept Deposits
• limit the amount of Deposits allocated to a Fund
• refund Deposits within the previous 90 days
Any amount that is allocated to a segregated fund is invested
at the risk of the contract holder(s) and may increase or
decrease in value.
6. FUND SWITCHES
6.1 Making Switches
While this Contract is in force, you may, subject to our Administrative
Rules, request in writing that we switch money between Funds
of the same sales charge option and within the same Contract.
Switches can be made on a scheduled or an unscheduled basis. No
sales charges apply to switches. Fund switches between different
Contracts are not permitted.
Switches are subject to minimum switch requirements. The current
minimum switch amount is $100 with a minimum of $25 per Fund. This
minimum amount is set in accordance with our Administrative Rules.
The Contract Maturity Guaranteed Amount and Death Guaranteed
Amount are not impacted by a switch.
When you switch between Funds, it is your oldest Units that are
switched first.
The Valuation Date for a switch is as set out in section 10.2,
Valuation Date.
A switch in a non-registered Contract is a taxable transaction.
6.2 Moving Money Between Sales Charge Options
Moving money between Funds of different sales charges is a
withdrawal from the Contract and a subsequent Deposit back into the
Contract, not a switch. This transaction may trigger sales charges.
A withdrawal will impact both the Contract Maturity Guaranteed
Amount and Death Guaranteed Amount. This transaction is also a
taxable event in a non-registered contract, except a TFSA contract.
As this transaction is a new Deposit, it is subject to the latest age for
deposit rule.
Please be mindful of moving between Funds of different sales
charges and discuss with your Advisor its impact on sales
charges, the Contract Maturity Guaranteed Amount and the
Death Guaranteed Amount. Please see section 8.1, Contract
Maturity Benefit; section 8.2, Death Benefit; section 5.1,
Making Deposits
6.3 Unscheduled Fund Switches and Switch Fees
You may request a Fund switch at any time.
We will deduct a switch fee of 2% of the amount switched for each
unscheduled switch you request in excess of 4 in a calendar year.
Switches made in a single day count as one switch. You may not carry
forward any unused switches from one calendar year to the next.
We reserve the right to charge an early switch fee of 2% of the value
of Units switched if you make a switch within 90 days of allocating
those Units to the Fund.
The switch fee and the early switch fee will proportionally
reduce the Contract Maturity Guaranteed Amount and Death
Guaranteed Amount.
Transamerica reserves the right to change the switch fee and the early
switch fee at any time upon 60 days advance notice.
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6.4 Scheduled Fund Switches (Dollar Cost Averaging)
You may request to have scheduled switches for your Contract subject
to the minimum amounts that apply to scheduled Fund switches.
Scheduled Fund switches are commonly referred to as a “Dollar Cost
Averaging” (DCA) service.
No switch fees and early switch fees apply to scheduled Fund switches.
We reserve the right to cancel the scheduled Fund switches at
any time or direct the scheduled Fund switches to a Similar Fund,
according to our then current Administrative Rules.
6.5 General Provisions Relating to Switches
We reserve the right to delay switches in unusual or exceptional
circumstances where it is not practical to dispose of investments
made in a Fund or where it would be unfair to other Owners.
We have the right to refuse any Fund switch request; limit the amount
switched to any particular Fund(s), and impose additional conditions at
our discretion before any Fund switches are made.
Any switch and switch fee charged, other than within a registered
plan or TFSA, are a taxable transaction.
The value of Units of a Fund that is withdrawn to effect the
switch is not guaranteed and may increase or decrease in value.
7. WITHDRAWALS
7.1 Making Withdrawals
While this Contract is in force, you may request in writing a
withdrawal of Units from one or more Funds in accordance with our
Administrative Rules.
Withdrawals must meet the minimum withdrawal requirements
that we have in place at the time of the request for withdrawal. The
current minimum withdrawal amount is $100 with a minimum of
$25 per Fund. The minimum withdrawal amount is calculated before
deferred sales charges, fees and taxes are deducted.
Units are withdrawn from the Fund or Funds in the order the Units
were allocated to a Fund, first in, first out, withdrawing the oldest
Units first.
Withdrawals will reduce both the Contract Maturity
Guaranteed Amount and the Death Guaranteed Amount on
a proportional basis. Please see section 8.1, Contract Maturity
Benefit; section 8.2, Death Benefit.
The Valuation Date for a withdrawal is as set out in section 10.2,
Valuation Date.
A withdrawal creates a taxable disposition, resulting in either a
capital gain or a capital loss.
If on the date a withdrawal is requested the value of the Fund is
insufficient to permit us to make the requested withdrawal, we will
proceed as follows:
• In the case of an unscheduled withdrawal, the withdrawal will not
be processed and we will request further instructions from you.
• In the case of a scheduled withdrawal, the withdrawal will still be
processed based on our current administrative practices.
7.2 Withdrawal Options
Withdrawals can be made on a scheduled or an unscheduled basis.
Scheduled payment options, also known as Systematic Withdrawal
Plans or “SWPs”, are only available for non-registered and RRIF
Contracts. For scheduled options relating to RRIF Contracts, you may
elect to withdraw the RIF Minimum Amount or payment on a custom
basis as you may determine.
The scheduled payment option and payment frequency you select
will remain in effect until you instruct us in writing to change it. The
change will affect future payments only.
Unscheduled options may be customized in amount and frequency at
your discretion, subject to legislated minimum withdrawal amounts
and to a maximum annual amount for certain locked-in income plans.
7.3 Withdrawals from RRIF and Locked-in Income Contracts
For Contracts registered as a RIF or a locked-in income plan (such
as LIF, PRIF, RLIF), the Income Tax Act (Canada) requires that starting
in the second calendar year after the Contract is issued and every
calendar year thereafter, you must receive an amount from the
Contract. We refer to this amount as the “RRIF Minimum Amount”.
The RRIF Minimum Amount is calculated by multiplying the closing
Market Value of the Contract on December 31 st of the previous year
(or the last Valuation Date if December 31 st is not a Valuation Date) by
the percentage determined under the Income Tax Act (Canada)).
Where legislation permits, you can elect to have the RRIF minimum
percentage based on your spouse’s or common-law partner’s age (as
the terms are defined in the Income Tax Act (Canada)). You must make
this election at the time you enter into the Contract and once made, it
cannot be changed while the Contract is in force.
If the total of your scheduled and unscheduled withdrawals in the
calendar year is less than the RRIF Minimum Amount for that year,
we are required to make a year-end payment to you to meet the
RRIF Minimum Amount. Year-end payments will be applied using
the scheduled withdrawal allocation we have on file, or if there are
no allocations on file, using the default allocation subject to our
Administrative Rules.
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You may elect to customize your RRIF, LIF, PRIF, RLIF payments and
withdraw an amount greater than your RRIF Minimum Amount.
For a LIF and a RLIF, the withdrawal amount cannot exceed the annual
maximum amount prescribed by governing legislation. There is no
withdrawal limit on a contract registered as a PRIF.
We are required to withhold taxes from any payment in excess of the
RRIF Minimum Amount.
7.4 Early Withdrawal Fees
We reserve the right to apply an early withdrawal fee of 2% of the
value of Units withdrawn if the withdrawal is made within 90 days
of the Deposit. This fee does not apply to scheduled withdrawal
payments and to the 10% free withdrawal right. This fee is in addition
to any applicable DSC. Transamerica reserves the right to change this
fee at any time upon 60 days advance notice.
The Contract Maturity Guaranteed Amount and Death Guaranteed
Amount will be proportionally reduced by the early withdrawal fees.
7.5 General Provisions Relating to Withdrawals
We have the right to delay the Valuation Date of a withdrawal to up to
seven Business Days in order to properly process the withdrawal.
In the event of exceptional or unusual circumstances, we have the
right to delay payment of any withdrawal amount for the duration of
the exceptional or unusual circumstances.
The value of the Units of a Fund that are withdrawn is not
guaranteed and may increase or decrease in value.
8. GUARANTEES
This Contract provides for a Contract Maturity Benefit and a
Death Benefit.
8.1 Contract Maturity Benefit
Under this guarantee, on the Contract Maturity Date, you are entitled
to the Contract Maturity Benefit, which is the greater of the:
(i) Contract Maturity Guaranteed Amount, and
(ii) Market Value of the Contract.
The Contract Maturity Date is as follows for the Contract plan types
available.
Plan Type
Non-registered, RRSP, LIRA, LRSP,
RLSP, RIF, LIF, PRIF, RLIF and TFSA
New Brunswick LIRA and LIF
Newfoundland LIRA and LIF
Contract Maturity Date
December 31 st of the year in
which the last surviving Annuitant
turns age 100
December 31 st of the year in
which the last surviving Annuitant
turns age 90
December 31 st of the year in
which the last surviving Annuitant
turns age 80
If, on the Contract Maturity Date, the Market Value is less than the
Contract Maturity Guaranteed Amount, the difference plus the Market
Value of the Contract on the Contract Maturity Date is the Contract
Maturity Benefit. We refer to the difference as the top-up benefit.
8.1.1 Calculation of the Contract Maturity Guaranteed Amount
The Contract Maturity Guaranteed Amount is the sum of 75% of all
Deposits made into the Contract, less a proportional market value
reduction for withdrawals. Withdrawals include client-initiated
transaction fees. Please see section 8.2.3, Impact of Withdrawals on the
Contract Maturity Guaranteed Amount and Death Guaranteed Amount.
If your Deposit is made under the Initial Sales Charge option, we will
add the Initial Sales Charge back to the Deposit when calculating
the Contract Maturity Guaranteed Amount. Therefore, the Contract
Maturity Guaranteed Amount will not be less than 75% of Premiums
minus proportional market value reductions for withdrawals and fees.
8.1.2 Payment of Contract Maturity Benefit and Default Annuity
If the Annuitant is living on the Contract Maturity Date and we are not
notified of your maturity instructions, the Contract Maturity Benefit
amount will be applied to provide you with a single life immediate
annuity based on your life, guaranteed for ten years in accordance
with applicable legislation and our administrative rules. The annuity
will be issued based on the rates in effect on the Contract Maturity
Date, payable monthly.
Payment of the annuity or the lump sum if the minimum amount for
the issue of an immediate annuity is not met discharges Transamerica
of all obligations under this Contract.
8.1.3 Default Annuity for Contracts Issued in Quebec Only
For Contracts issued in Quebec, the annuity will be based on your
life, be payable monthly and will be based on the rates in effect on
the Contract Maturity Date. However, the annual annuity payment for
each $1,000 being annuitized with a maximum guarantee period of
ten years shall not be lower than the amount set out in Table 1 for the
applicable age on which the annuity is based.
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The applicable age on which the annuity is based is the age of the
Annuitant in the case of a single life annuity.
Table 1 – Annual Annuity Payment per $1,000
Age of Annuitant
Annuity Payment
50 $15.39
55 $16.67
60 $18.19
65 $20.01
70 $22.23
75 $25.01
80 $28.58
85 $33.34
90 $40.01
95 $50.01
100 $66.67
We reserve the right to pay the Contract Maturity Benefit in a lump
sum if the monthly annuity payment is less than $100.
Payment of the annuity, or the lump sum if the minimum amount for
the issue of an immediate annuity is not met, discharges Transamerica
of all obligations under this Contract.
8.2 Death Benefit
Under this guarantee, on the Valuation Date we receive satisfactory
proof of the death of the last surviving Annuitant in accordance with
our Administrative Rules (the “Death Benefit Date”), the Death Benefit
will be calculated. The Death Benefit on the Death Benefit Date is the
greater of the:
(i) Death Guaranteed Amount; and
(ii) Market Value of the Contract.
If the Market Value on the Death Benefit Date is less than the Death
Guaranteed Amount, the difference plus the Market Value of the
Contract on the Death Benefit Date is payable to the person entitled
to the Death Benefit. We refer to the difference as the top-up
benefit. The Top-up Benefit, if applicable, will be payable as part of
the Death Benefit.
No Deferred Sales Charge applies to the Death Benefit.
Payment of the Death Benefit will discharge our obligations under
this Contract.
8.2.1 Calculation and Reset of the Death Guaranteed Amount
The Death Guaranteed Amount is the sum of 100% of all Deposits
made into the Contract, less a proportional market value reduction
for withdrawals. Withdrawals include client-initiated transaction
fees. Please see section 8.2.3, Impact of Withdrawals on the Contract
Maturity Guaranteed Amount and Death Guarantee.
The Death Guaranteed Amount has the potential to increase by Resets.
Every year, on the Policy Anniversary Date, if the Market Value of
the Contract is greater than the Death Guaranteed Amount, we
will automatically reset the Death Guaranteed Amount to equal the
Market Value of the Contract.
As long as the Annuitant is living, the last Reset of the Death
Guaranteed Amount will be exercised on the Policy Anniversary Date
of the year the Annuitant turns 75.
We reserve the right to change or discontinue the Reset feature
upon 60 days prior written notice.
8.2.2 Process for Determining the Death Benefit
If there is a delay between the receipt of satisfactory proof of death
(for example death certificate) and notice of death of the Annuitant
(for example letter from next of kin), we will, on notice of death,
switch all Units in the Funds allocated to the Contract to the Money
Market Fund or to another Fund we designate if the Money Market
Fund is not available. This date is called the “Notice Date”.
As of the Notice Date, no further transactions can be made. For
example, scheduled withdrawals, including payments of RRIF
Minimum Amounts will be stopped. Subsequently, on the Valuation
Date we receive proof of death (the “Death Benefit Date”); the Death
Benefit will be calculated.
8.2.3 Impact of Withdrawals on the Contract Maturity Guaranteed
Amount and Death Guaranteed Amount
The Contract Maturity Guaranteed Amount and Death Guaranteed
Amount will be reduced proportionally by withdrawals. Withdrawals
include client-initiated transaction fees.
To determine the Contract Maturity Guaranteed Amount or the Death
Guaranteed Amount after a withdrawal, the formula is as follows:
(A – P)
Where A is the Contract Maturity Guaranteed Amount/Death
Guaranteed Amount before the Withdrawal
P is the proportional market value reduction of the Withdrawal
P is determined as A x (B/C) where:
B is the value of the Units withdrawn; and
C is the Market Value of the Contract before the withdrawal.
Please consider that, when the market value of the Units
withdrawn is lower than the market value of those Units
on the Deposit date, the proportional reduction due to the
withdrawal will reduce the Contract Maturity Guaranteed
Amount and Death Guaranteed Amount by more than the
amount of the withdrawal.
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9. INVESTMENT OPTIONS
This Contract gives you access to a selection of Funds.
You do not acquire any ownership interest in the Funds or in the
underlying investments when you make Deposits to the Contract.
We may close, add, merge or split Funds available within the Contract.
If we close, merge or split (“discontinue”) a Fund, we will
automatically withdraw the Units in the discontinued Fund and
reallocate the value of the Units of the discontinued Fund to another
Fund of our choice. This transaction may be a taxable event and
subject to the Fundamental Change rule. Please see section 14.1,
Fundamental Changes and Other Changes.
We may also change the investment objective of a Fund. A change to
the investment objective is considered a fundamental change. Please
see section 14.1, Fundamental Changes and Other Changes.
We may also substitute an Underlying Fund(s) for a substantially
similar Underlying Fund(s) or other investments for any of the Funds
available within the Contract.
We have the right to change the portfolio manager of any Fund, at any
time, at our discretion. The portfolio manager is the person (or team of
people) who is directly responsible for the investment decisions of any
Fund or Underlying Fund.
10. VALUATION
10.1 Net Asset Value and Unit Value
On each Valuation Date, we calculate the net asset value for Units of
each Fund. The net asset value is the total market value of the Fund’s
assets minus any applicable liabilities, on that date.
On each Valuation Date, we determine the Unit Value of a Fund. The
Unit Value of a Fund is calculated by dividing the net asset value of a
Fund by the number of Units allocated to the Fund on that Valuation
Date. The Unit Value of a Fund remains in effect until the next
Valuation Date.
All earnings of a Fund are automatically reinvested in the Fund and
this will be reflected in the Unit Value of the Fund. We reserve the
right to change this method of reinvesting a Fund’s earnings following
written notice to policyholders.
We reserve the right to increase the number of Units of a Fund by
splitting a Unit into two or more Units, or decrease the number of
Units by combining two or more Units. However, the market value of
the Funds in your Contract will not be affected by this activity.
The net asset value and Unit Value of a Fund are not
guaranteed but may increase or decrease in value.
All transactions (e.g. Deposits, withdrawals, transfers) are processed
based on the market value as at the close of business on the Valuation
Date provided we receive at our Head Office, the instructions or
transactions in accordance with our Administrative Rules by the
Valuation Date cut-off time, that we determine acceptable. If the
instructions or transactions are received after the cut-off time, they will
be considered to be received on the next Valuation Date. We reserve
the right to change the Valuation Date cut-off time (earlier or later).
Transamerica reserves the right to reduce the frequency with which
the Unit Value of a Fund is calculated, subject to a minimum frequency
of once a month. If such an event occurs, you have certain rights.
Please see section 14.1, Fundamental Changes and Other Changes.
We may postpone valuation:
(i) for any period during which one or more of the nationally
recognized stock exchanges are closed for other than a customary
weekend or holiday closing,
(ii) for a period during which trading on securities exchanges is
restricted, or
(iii) when there is an emergency during which it is not reasonable for
us to dispose of investments owned by the Funds or to acquire
investments on behalf of the Funds or to determine the total value
of the Funds.
10.3 Market Value of the Contract
The Market Value of your Contract on any given Valuation Date is
determined according to the following formula:
Market Value of your Contract = sum of [(Unit Value x number of Units)
for each Fund you hold in the Contract]
11. SALES CHARGE OPTIONS
You may request to allocate your Deposit under the initial sales
charge (ISC) or the deferred sales charge (DSC) option.
The amount of sales charges is determined by the Fund category and
sales charge option under which Units are allocated to your Contract.
We may change, add or delete sales charge options from time to time.
11.1 Initial Sales Charge Option
With this option, you negotiate the sales charge with your advisor.
The negotiated sales charge is between 0% and 5% of your Premium.
The negotiated sales charge will be deducted from the Premium
to determine the Deposit. There is no deferred sales charge when
you make a withdrawal against these Units. Units allocated to your
Contract under this option are called ISC Units.
10.2 Valuation Date
A Valuation Date occurs every day that the principal exchange is open
for business and a value is available for the underlying assets of the
Fund. Currently, the principal exchange is the Toronto Stock Exchange.
We may change the principal exchange to another exchange.
42

11.2 Deferred Sales Charge Option
With this option, you pay no sales charge to your advisor at the time
of Deposit. Instead, you agree to pay a Deferred Sales Charge to us
if you request a withdrawal within six years of the effective date of
each Deposit. Units allocated to your Contract under this option are
called DSC Units.
The DSC is charged as a percentage of the market value as of the
Deposit date of the DSC Units withdrawn. The percentage charged
varies based on the time that has passed since the effective date of
Deposit. The DSC schedule is as follows:
When the Units are
withdrawn:
DSC
(as a percentage of the market value
of DSC Units as of the Deposit date)
During the 1 st year after Deposit 6.0%
During the 2 nd year after Deposit 5.0%
During the 3 rd year after Deposit 4.0%
During the 4 th year after Deposit 3.0%
During the 5 th year after Deposit 2.0%
During the 6 th year after Deposit 1.0%
During the 7 th year after Deposit 0.0%
This Deferred Sales Charge schedule is subject to change and any
new Deposits made after the change will be subject to the new
Deferred Sales Charge schedule.
Units are withdrawn from the Fund or Funds in the order the Units
were allocated to a Fund - first in, first out, withdrawing the oldest
Units first.
11.3 10% Free Withdrawal Right for DSC Units
Each calendar year, you are entitled to withdraw up to 10% of the
number of DSC Units allocated to a Fund without paying DSC.
Any unused portion of the right may not be carried forward from one
year to the next. We reserve the right to discontinue or change
this right at any time.
The number of DSC Units that may be withdrawn from a Fund each
year is the sum of the following:
(i) 10% of the number of DSC Units that were allocated to the Fund at
the end of the previous calendar year, and
(ii) 10% of DSC Units allocated to the Fund in the current year,
prorated by the number of days the Units have been allocated in
the current year (not including the day of allocation) (In prorating,
we divide by 366 for leap years and by 365 for non-leap years); less
(iii) any DSC Units withdrawn from the Fund in the current year under
this right.
11.4 Movement between Sales Charge Options
12. FEES
While the Contract is in force, you may request that Funds that you
hold under one sales charge option be moved to a Fund of another
sales charge option. Moving money between Funds of different
sales charges is not a switch and is processed as a withdrawal
from the Contract and a subsequent Deposit into the Contract. This
transaction will trigger sales charges and impact the Contract
Guaranteed Amount and the Death Guaranteed Amount and is
subject to the latest age to deposit rule. Please see section 8.1,
Contract Maturity Benefit; section 8.2, Death Benefit, section 5.1,
Making Deposits.
The withdrawal of Units to effect the movement between Funds
of different sales options is not guaranteed and is subject to
market fluctuations.
The Contract is subject to the following fees: management fees,
insurance fees and in certain circumstances, switch fees. We
reserve the right to charge an early withdrawal fee and an early
switch fee to discourage activity that may be detrimental to the Fund
and all policyholders. We also reserve the right to recover expenses
that we incur as a result of your action, including the right to charge
a fee for any administrative service provided with respect to the
Contract. We reserve the right to change the amount or the nature
of such administrative fees at any time. Certain fees are subject to
applicable taxes.
12.1 Management Fees and Operating Expenses
Each Fund pays us a management fee for the management of the
Fund, which includes the cost of investment management, services
and facilities to support the Fund, commissions and service fees
payable to advisors.
Where the Fund invests in an Underlying Fund, there is no duplication
of management fees for the same service, and the management fee
and MER of the Fund includes the management fee and MER of the
Underlying Fund.
Each Fund also pays its own operating expenses. They include, among
other things, audit, accounting and financial reporting and disclosure
costs; custodial and trustee costs; legal and regulatory costs; bank
service fees and interest charges; policyholder communication fees
and related administrative costs; and applicable taxes.
The management fees and operating expenses are calculated and
accrued based on the market value of the Fund’s assets on each
Valuation Date and are paid to us monthly.
Subject to the Fundamental Changes and Other Changes provision
described in section 14.1, we may change the management fee of a Fund
by sending you written notice of the change at least 60 days in advance.
43

12.2 Insurance Fees
Each Fund pays us an insurance fee for the cost of providing the
insurance benefits under the Contract. The insurance benefits of the
Contract are the Contract Maturity Benefit, Death Benefit and Resets
of the Death Guaranteed Amount.
Depending on the risk level and volatility of the Fund, each Fund will
be assigned, at our discretion, an insurance fee. The more risk and
volatility associated with a Fund, the higher the insurance fee. We
may change the insurance fee, up to the maximum insurance fee,
without prior notice. If the increase is beyond the maximum insurance
fee, we will provide you with at least 60 days’ advance notice and
you will have the rights outlined under the Fundamental Change Rule.
Please see section 14, Fundamental Changes and Other Changes for
more information.
Please see the Fund Facts for the management fee, insurance
fee and maximum insurance fee of each Fund.
12.3 Management Expense Ratio
The “management expense ratio” (MER) shows the historical, annual
cost of investing in a Fund and may vary from year to year. It includes
the management fees, insurance fees, operating expenses and
applicable taxes paid by the Fund. The MER is paid out of the Fund
before the calculation of the Unit Value. Where the Fund invests in an
Underlying Fund(s), there is no duplication of fees for the same service.
The MER is calculated as follows:
MER = 100 x management fee + operating expenses + insurance fee +
applicable taxes
average net assets of the Fund during the year
The management fees, insurance fee and operating expenses are
calculated and accrued based on the market value of the Fund’s assets
on each Valuation Date and are paid to us monthly.
You do not directly pay for the management fees, insurance fees,
operating expenses and applicable taxes as they are paid by the Fund.
These fees and applicable taxes will reduce the returns earned by the
underlying assets within the Fund.
12.4 Switch Fees, Early Switch Fees, Early Withdrawal Fees and
Recovery of Expenses
12.4.1 Switch Fees
The Contract is subject to a switch fee of 2% of the amount switched
for the fifth and subsequent switches in the same calendar year.
Please see section 6.3, Unscheduled Switches and Switch Fees.
12.4.2 Early Switch Fee
The Contract may be subject to an early switch fee of 2% of the value
of Units switched if a switch is made within 90 days of allocating those
Units to the Fund. This fee does not apply to scheduled switches.
12.4.3 Early Withdrawal Fee
The Contract may be subject to an early withdrawal fee of 2% of the
value of Units withdrawn if a withdrawal is made within 90 days
of the Deposit. This fee does not apply to scheduled withdrawal
payments and to the 10% free withdrawal right.
12.4.4 General Provisions Relating to Switch Fees, Early Switch Fee
and Early Withdrawal Fee
We reserve the right to change the switch fee, early switch fee and
early withdrawal fee at any time upon 60 days advance notice.
The switch fee, early switch fee and early withdrawal fee will
each reduce the Contract Maturity Guaranteed Amount and Death
Guaranteed Amount proportionally.
The switch fee, early switch fee and early withdrawal fee will, in
non-registered Contracts (other than a TFSA contract), be considered a
disposition under the Income Tax Act (Canada) and will be taxable.
The withdrawal of units under the Contract to pay the switch fee,
early switch fee and early withdrawal fee will not be subject to
withholding tax in a registered contract.
12.5 Recovery of Expenses
We reserve the right to charge you for any expenses or investment
losses that occur as a result of your action or inaction, including
writing an (not-sufficient funds) NSF cheque when making a Deposit
to the Contract. Any charges passed on to you will correspond to any
expenses or losses incurred by Transamerica.
13. TERMINATION OF THE CONTRACT
This Contract will be terminated and all of our obligations under this
Contract will cease upon any one of the following events:
• surrender of all the Units to the Contract’s credit upon your request,
and payment to you of the total proceeds of such surrender request,
less any fees, sales charges and taxes.
• payment of the Death Benefit.
• on the Contract Maturity Date, subject only to payment to you of
the Contract Maturity Benefit or conversion of this Contract to a
single life annuity contract.
• Surrender of all of the Units to the Contract’s credit and payment
to you of the Market Value of the Contract, less any fees, sales
charges and taxes, at any time the Market Value of the Contract
and the Contract Maturity Guaranteed Amount are less than $500,
at Transamerica’s sole discretion upon 30 days notice.
All subject to any applicable legislative requirements.
44

14. GENERAL TERMS
14.1 Fundamental Changes and Other Changes
We may make certain changes under this Contract that are considered
a fundamental change. A fundamental change is defined as:
• an increase in the management fee of a Fund;
• a change in the fundamental investment objectives of a Fund;
• a decrease in the frequency with which Units of a Fund are valued; or
• an increase in the maximum insurance fee of a Fund.
In the case where a Transamerica Guaranteed Investment Fund
invests in an Underlying Fund, we also reserve the right to change
such Underlying Fund. If such a change constitutes a Fundamental
Change, you will have the rights described in the section
immediately below.
In the event of a Fundamental Change or a Fund Closure, we will give
you at least 60 days prior written notice (the “Notice Period”) and
you will have the right to: (a) switch to another Similar Fund before
the expiry of the Notice Period; or (b) if we do not offer a Similar
Fund, withdraw the Units in the Funds affected by the Fundamental
Change without incurring sales charges. We must receive your written
response at least 5 days prior to the expiry of the Notice Period.
During the Notice Period, you may not switch to a Fund subject to a
Fund Closure, except that you may switch to a Fund subject to other
types of Fundamental Changes if you agree to waive the right to
withdraw without sales charges.
We will also notify the insurance regulators and the Canadian Life and
Health Insurance Association Inc. at the same time we notify you of
the change (unless such notice is not practical in the circumstances,
in which event we will provide notice as soon as possible and as
reasonably practical), and amend or re-file the information Folder
to reflect the change. The foregoing may be superseded by any
regulatory changes governing individual variable insurance contracts.
A Similar Fund is a Fund that; (a) has a comparable investment objective,
(b) is in the same Fund investment category, (c) has the same or lower
management fee and insurance fee, and (d) is valued at the same or
greater frequency as the Fund subject to the Fundamental Change.
Changing an Underlying Fund will not constitute a Fundamental
Change provided that all of the conditions for a Similar Fund continue
to apply to the Fund immediately following the change.
A similar Underlying Fund is one that: (a) has a comparable
fundamental investment objective (b) is in the same investment fund
category and (c) has the same or lower management fee.
The investment objective of the Underlying Funds may not be changed
unless approved by the unit holders of the underlying mutual fund.
Upon such approval, you will be provided notice of the change.
In the case where a Transamerica Guaranteed Investment Portfolios
(GIP) invests in multiple Underlying Funds, periodic changes to the
Underlying Funds or to the target weightings of the GIP is not considered
a Fundamental Change unless the change to the GIP is so material that is
meets the definition of Fundamental Changes as outlined above.
14.2 Claims of Creditors
This Contract may be protected from claims of creditors when the
Beneficiary is the spouse, parent, child or grandchild of the Annuitant
(in Quebec, the Beneficiary must be the married or civil union spouse,
the ascendant or descendant of the Owner), or if the Beneficiary is
named irrevocably. It is not clear if creditor protection is available
if the Contract is held in nominee name. This description is of
a general nature only. There are important limitations with
respect to this protection and this description does not include
all possible considerations. You should consult your own legal
advisors with respect to your particular circumstances.
14.3 Catastrophic Events
If the performance of any of our obligations under the Contract is
delayed or otherwise made impractical due to causes beyond our
control, our obligations may be postponed until such time the cause
ceases to preclude or make impractical the performance of our
obligation under the Contract.
14.4 Non-Participating Contract
The Contract does not participate in the profits or surplus realized
by Transamerica.
14.5 Assignment of this Contract
We are not bound by an assignment or hypothec unless it is filed with
and recorded by Transamerica at its Head Office. We are not responsible
for the adequacy or legal effect of an assignment or hypothec.
14.6 Notices
It is your obligation to notify us of any change in your address. Any
notice, payment or statement sent to your last known address on our
records is considered to be sufficiently given.
14.7 Income Tax Act
The provisions in this policy are based upon the current provisions of
the Income Tax Act (Canada), the regulations thereto, all proposed
amendments thereto publicly released by the Department of Finance
(Canada) prior to the Issue Date and on the understanding of
Transamerica of the current administrative practices and policies of
Canada Revenue Agency, Taxation. For the purpose of this paragraph,
“current” means current to the Issue Date. The Owner is cautioned
that the law may change at any time and from time to time whether
by legislative, governmental or judicial action in such a way as to
adversely affect the tax status of this policy.
14.8 Limitation of Actions
Every action or proceeding against an insurer for the recovery of
insurance money payable under the contract is absolutely barred
unless commenced within the time set out in the Insurance Act, or
other applicable provincial legislation.
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TRANSAMERICA LIFE CANADA
Transamerica Guaranteed Investment Funds
Retirement Savings Plan (Rsp) Endorsement
47

Retirement Savings Plan (RSP) Endorsement
1. Interpretation
This endorsement contains additional terms that apply if you
requested that the Contract be registered as a Retirement Savings
Plan (RSP) under the Income Tax Act (Canada) (the “Act”) and any
applicable provincial income tax legislation.
In this endorsement, “you” “your” refer to the Owner, who is also
the Annuitant under the Contract. “We” refers to Transamerica Life
Canada.
RSP Age means the end of year in which you turn 71 years of age or
any other age as prescribed by the Act.
“Spouse” and “common-law partner” have the meanings defined in
the Act and any applicable provincial income tax legislation.
2. Time Limit for an RSP
You may hold an RSP until you reach the RSP Age.
3. PAYMENT under the RSP
No payment from the Contract will be made prior to the RSP Age
except as a refund of premium as defined under the Act or a payment
to you.
4. Options under the RSP
You may elect to take the Market Value of the Contract, as the term
is defined in the Annuity Policy (the “Value”) and exercise the
following options:
(a)
(b)
(c)
(d)
transfer the Value to another registered retirement savings plan;
use the Value to purchase an annuity that satisfies the conditions
set out below;
withdraw the Value, in full and in part, subject to taxes and
surrender fees; and
transfer the Value to a registered retirement income fund.
At the RSP Age, you may only elect options (b), (c) and (d).
The annuity provided under paragraph 4(b) has to meet the following
conditions:
(a)
(b)
(c)
(d)
(e)
(f)
(g)
The annuity must be a single life annuity or a joint and survivor
life annuity on your life and your spouse or common-law partner,
or a term certain annuity on your life.
(i)
If you chose a single life or a joint life annuity, the guarantee
period must not exceed 90 minus your age or the age of your
spouse or common-law partner, if younger.
(ii) If you chose a term certain annuity, the guarantee period is
subject to the same restriction outlined in (i).
The annuity must provide for annual or more frequent payments.
Payments under the annuity must be equal, except that they may
be increased or decreased in accordance with paragraph 146(3)
(b) of the Act.
Annuity payments to you or your spouse or common-law partner
may not be commuted, either in full or in part, except that we
reserve the right to commute an annuity where the monthly
payment is less than $100.00. If you die after annuity payments
commence and your Spouse or Common Law Partner becomes the
annuitant under the policy, the total of all annuity payments in a
year after the date of your death will not exceed the total of all
annuity payments made in a year before your death.
If you die after annuity payments commence and the Beneficiary
is not the Spouse or Common Law Partner, the commuted value
of any remaining annuity payments will be paid in one sum to the
Beneficiary, if there is one, otherwise to your estate.
If you die before annuity payments commence, the death benefit
will be paid in one sum, unless a “refund of premiums” as
defined in subsection 146(1) of the Act has been requested.
Annuity payments cannot be assigned in whole or in part.
Any amounts paid under paragraphs 4(a), (b), (c) or (d) will discharge
Transamerica’s liability under the Contract.
48

5. Miscellaneous
No deposits will be accepted after Annuity Payments have commenced.
Upon request, we will pay an amount to the taxpayer to reduce the
amount of tax the taxpayer would otherwise have to pay because of
over-contributions by the taxpayer under Part X.1 of the Act.
No advantage that is conditional in any way on the existence of the
Contract may be extended to you or to a person with whom you were
not dealing at arm’s length other than in accordance with paragraph
146(2)(c.4) of the Act.
The Contract and the payments cannot be assigned.
We reserve the right to resign as issuer and appoint a successor issuer.
This endorsement has precedence over any provision contained in this
Contract that is inconsistent with it.
TRANSAMERICA LIFE CANADA
Douglas W. Brooks
President and Chief Executive Officer
Glenn Daniels
Corporate Secretary
49

50
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TRANSAMERICA LIFE CANADA
Transamerica Guaranteed Investment Funds
Retirement Income Fund (Rif) Endorsement
51

Retirement Income Fund (RIF) Endorsement
1. General
This endorsement contains additional terms that apply if you
requested that the Contract be registered as a Retirement Income
Fund (RIF) under the Income Tax Act (Canada) (the “Act”) and any
applicable provincial income tax legislation.
In this endorsement, “you” “your” refer to the Owner, who is also
the Annuitant under the Contract. “We” refers to Transamerica Life
Canada.
“Spouse” and “common-law partner” have the meanings defined in
the Act and any applicable provincial income tax legislation.
2. Deposits
Transamerica will only accept deposits or transfers under the
Contract from:
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
a registered retirement savings plan (RRSP) under which you are
the Owner;
another registered retirement income fund under which you are
the Owner;
a registered pension plan (RPP)under which you are a member or
a former member;
you, to the extent that the amount of the deposit or transfer was
an amount described in subparagraph 60(l)(v) of the Act;
a RRSP or RRIF of your spouse, common-law partner or former
spouse or common law partner pursuant to a decree, order
or judgment of a competent tribunal or a written separation
agreement, relating to a division of property in settlement of
rights arising out of, or on the breakdown of, their marriage or
common-law relationship;
the RPP of your spouse, common-law partner, former spouse in
accordance with subsection 147.3(5) or (7) of the Act;
a provincial pension plan in circumstances to which subsection
146(21) of the Act applies;
any sources permitted under the Act.
3. PAYMENTS under the Contract
Transamerica will make the minimum payment each calendar year as
provided in subsection 146.3(1) of the Act.
You may elect the frequency of the payment as monthly, quarterly,
semi-annually or annually. If no election is made, the payment will be
made to you annually.
4. Transfers
Under the endorsement, you may upon request transfer all or part of
the Market Value of the Contract (the “Value”)
(a)
(b)
(c)
(d)
to the carrier of another registered retirement income fund of
which you are also the Annuitant) of the Act;
to the issuer of another registered retirement savings plan under
which you are the Annuitant prior to the prescribed age for an
RRSP within the meaning of subsection 146(1) of the Act;
to purchase an immediate life annuity under the terms of the Act;
to a RRIF or RRSP of your spouse, common-law partner,
former spouse or common-law partner as a result of marriage
breakdown or upon death in accordance with subsection
146.3(14) of the Act.
In accordance with the Act, before the transfer is made, we will pay
you any remaining minimum amount for the year. Any amount payable
is subject to taxes and withdrawal fees, as applicable.
Payment of all of the Market Value of the Contract under this section 4
will discharge Transamerica’s liability under the Contract.
5. Successor Annuitant
You may elect to appoint your spouse or common-law partner as
Successor Annuitant who will replace you as Annuitant upon your
death. The Successor Annuitant may exercise every right as Owner
under the Contract on your death.
Where a Successor Annuitant has been designated in the contract,
the death benefit will be paid on the death of the last to die of the
Annuitant or the Successor Annuitant.
52

6. Death Benefit
The death benefit payable under the RIF endorsement is described in
the annuity policy.
7. Miscellaneous
No benefit or loan that is conditional in any way on the existence
of the Contract may be extended to you or to a person with whom
you were not dealing at arm’s length, other than in accordance with
paragraph 146.3(2) (g) of the Act.
Neither the Contract nor payments under the Contract may be
assigned in whole or in part.
We reserve the right to resign as carrier and appoint a successor carrier.
This endorsement has precedence over any provision contained in this
Contract that is inconsistent with it.
TRANSAMERICA LIFE CANADA
Douglas W. Brooks
President and Chief Executive Officer
Glenn Daniels
Corporate Secretary
53

54
Fund Facts

How to read a Transamerica GIF Fund Facts
1
2
3
IDENTIFYING INFORMATION
The name of the segregated fund contract, the segregated fund name and the
date of the information presented.
QUICK FACTS
Date fund created: This is the date on which the fund was first available for
purchase as an investment option under the contract.
Total fund value: This is the total market value of the assets within the fund.
Net asset value per unit: The dollar value of each unit notionally held
within a fund, calculated as follows: total fund value divided by the number of
units outstanding.
Number of units outstanding: Represents the total number of units
notionally held by policyholders in the fund.
Management expense ratio (MER): A measure of what it costs to operate
the fund. MERs include all expenses of the segregated fund such as the
management fees, insurance costs, operating costs and applicable taxes.
Where the fund invests in an underlying fund(s), there is no duplication
of fees. These fees are paid by the fund and affect the unit values. The
MER indicated is from the current annual audited financial statements (if
applicable, if not an estimated MER is provided) and is subject to change.
Portfolio manager: An individual, or firm, who controls the assets within
the fund or underlying fund. The portfolio manager monitors and selects
appropriate investments based on the investment objective of the fund or
underlying fund.
Portfolio turnover rate: Portfolio turnover rate is the portion of securities
in a fund’s portfolio that are bought and sold during the course of a year.
The higher a fund’s portfolio turnover rate in a year, the greater the trading
costs payable by the fund in the year, and the greater the chance of an
investor receiving taxable capital gains in the year. There is not necessarily
a relationship between a high turnover rate and the performance of a fund.
Where the fund invests in an underlying fund or funds, the portfolio turnover
rate is that of the underlying fund(s).
Minimum initial deposit: The minimum amounts required to purchase the
segregated funds contract, or units of the fund.
Fund code: Used to identify the fund.
WHAT DOES THE FUND INVEST IN
This describes what the segregated fund invests in.
Current Underlying Funds: These are the current underlying funds held
within the fund as of the date indicated. If applicable, target allocations are
also indicated.
2
3
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $50,579
Net asset value per unit: $11.96
Number of units outstanding: 4,219,290
Management expense ratio (MER): 2.26%
Portfolio manager: Aegon Capital Management Inc.
Portfolio turnover rate : 137.92%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1002
Fund Code: Initial Sales Charge (ISC): TLC1003
WHAT DOES THE FUND INVEST IN
The Fund invests mainly in medium term, high-quality corporate and
government bonds.
Top 10 investments of the fund as of December 31, 2012
Gov’t of Canada, 2.75%, June 1, 2022 8.21%
Gov’t of Canada, 4.00%, June 1, 2041 5.28%
Bank of Montreal, 3.98%, July 8, 2021 2.84%
Intact Financial, 4.70%, August 18, 2021 2.71%
Laurentian Bank of Canada, 3.13%, October 19, 2022 2.69%
CIBC, 9.98%, June 30, 2108 2.59%
EPCOR Utilities, 4.55%, February 28, 2042 2.50%
Finning International, 5.08%, June 13, 2042 2.35%
ClareGold Trust, 5.04%, May 15, 2044 2.35%
Schooner Trust CCF, 5.20%, June 12, 2022 2.21%
Total 33.73%
Total investments: 70
Asset mix as of December 31, 2012
Bond 99.19%
Cash 0.81%
Transamerica Guaranteed Investment Funds
Transamerica Canadian Bond GIF
All information is as of December 31, 2012
FUND FACTS
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 9 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,201.81.
This works out to an average of 5.85% per year.
Year-by-year returns
15
10
8.4% 8.8%
5.4% 5.2%
6.4%
5
2.5% 2.9%
3.9%
0
-0.8%
-5
2004 2005 2006 2007 2008 2009 2010 2011 2012
Transamerica Canadian Bond GIF – imaxxGIF 75/100 (similar class)
Transamerica Canadian Bond GIF (fund)
This chart shows how the fund or similar class of the same fund performed in each of the
past 9 years. In the last 9 years, the performance was up in value 8 years and down in
value 1 year. For illustration purposes. Actual segregated fund performance is expected
to vary.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for a medium term and wants potential for
income and some growth and is comfortable with small changes in value during the term.
Top (10) investments of the fund: This shows the top investments of
the (underlying) fund(s), in order, beginning with the highest percentage
weighting. Unless indicated as a bond or treasury bill, the investment will
be considered to be an equity. If it holds underlying fund(s), then the top
10 investments will list the top 10 investments of the underlying fund if it
is more than 50% of the assets of the fund. If the underlying fund is less
than 50% of the assets of the fund, then the name of the underlying fund
will be listed as one of the top 10 investments. The holdings may change
due to ongoing portfolio transactions.
Total investments: Total number of investments held with the fund.
Asset mix/ Sector Allocation/Portfolio allocation: The pie chart
indicates the percentage of the fund’s investment portfolio by subgroups,
such as the investment type, industry segment or geographic location
based on the nature of the fund.
1
4
5
6
7
55

How to read a Transamerica GIF Fund Facts continued
4
HOW HAS THE FUND PERFORMED
The information in this section shows fund performance for a period of 1 to
10 years, depending on how long the fund has been in existence. Returns are
after the MER has been deducted.
Average return: This section shows the value of a $1,000 investment in the
fund from the date it was created. It also shows the average percentage per
year in the growth of the fund. For any fund with less than one-year history,
the information is not provided due to insufficient segregated fund history.
Year by year returns: This is a bar chart showing how the fund has
performed in each of the past ten years, or less if applicable. Each bar
shows in percentage terms how much an investment made on January 1st
would have changed by December 31st in that same year. We also state the
number of years that the performance of the fund was either up or down in
value. Where the fund has less than 10 years of history, the performance
of the underlying fund or a similar class of the same segregated fund is
shown for the time period prior to the availability of the fund. Performance
of the fund may be higher or lower because the MER of the fund may be
different from the underlying fund or a similar class of the same fund. The
timing of purchases and redemptions can also impact performance. Where a
fund invests in several underlying funds or if there is no similar class of the
segregated fund available, only the performance of the actual segregated
fund is shown. For any fund with less than one-year history, the graph is not
provided due to insufficient segregated fund history.
2
3
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $50,579
Net asset value per unit: $11.96
Number of units outstanding: 4,219,290
Management expense ratio (MER): 2.26%
Portfolio manager: Aegon Capital Management Inc.
Portfolio turnover rate : 137.92%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1002
Fund Code: Initial Sales Charge (ISC): TLC1003
WHAT DOES THE FUND INVEST IN
The Fund invests mainly in medium term, high-quality corporate and
government bonds.
Top 10 investments of the fund as of December 31, 2012
Gov’t of Canada, 2.75%, June 1, 2022 8.21%
Gov’t of Canada, 4.00%, June 1, 2041 5.28%
Bank of Montreal, 3.98%, July 8, 2021 2.84%
Intact Financial, 4.70%, August 18, 2021 2.71%
Laurentian Bank of Canada, 3.13%, October 19, 2022 2.69%
CIBC, 9.98%, June 30, 2108 2.59%
EPCOR Utilities, 4.55%, February 28, 2042 2.50%
Finning International, 5.08%, June 13, 2042 2.35%
ClareGold Trust, 5.04%, May 15, 2044 2.35%
Schooner Trust CCF, 5.20%, June 12, 2022 2.21%
Total 33.73%
Total investments: 70
Asset mix as of December 31, 2012
Bond 99.19%
Cash 0.81%
1
Transamerica Guaranteed Investment Funds
Transamerica Canadian Bond GIF
All information is as of December 31, 2012
FUND FACTS
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 9 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,201.81.
This works out to an average of 5.85% per year.
Year-by-year returns
15
10
8.4% 8.8%
5.4% 5.2%
6.4%
5
2.5% 2.9%
3.9%
0
-0.8%
-5
2004 2005 2006 2007 2008 2009 2010 2011 2012
Transamerica Canadian Bond GIF – imaxxGIF 75/100 (similar class)
Transamerica Canadian Bond GIF (fund)
This chart shows how the fund or similar class of the same fund performed in each of the
past 9 years. In the last 9 years, the performance was up in value 8 years and down in
value 1 year. For illustration purposes. Actual segregated fund performance is expected
to vary.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for a medium term and wants potential for
income and some growth and is comfortable with small changes in value during the term.
4
5
6
7
5
HOW RISKY IS IT
The value of your investments can go down. The level of risk that is suitable
for you will depend on a number of factors such as your investment goals and
risk tolerance. Speak to your advisor to determine the appropriate funds for
you in your particular circumstances. This chart ranks the fund’s estimated
volatility ranging from very low to high. The ranking is based on the fund’s
historical performance data and/or the historical performance data of the
underlying mutual fund or similar class of the same fund. For any fund with
less than one-year history, we have determined the risk ranking for the fund
based on its asset classification, investment objective, underlying investments
and other factors.
6
7
ARE THERE ANY GUARANTEES
Your contract has certain guarantees that protect the value of your
investment upon maturity and at death. The cost for those guarantees is
included in the MER of the fund.
WHO IS THIS FUND FOR
This section identifies the type of investor that is suitable for the fund.
Speak to your advisor to determine your investment goals and tolerance
for risk.
56

How to read a Transamerica GIF Fund Facts continued
8
9
HOW MUCH DOES IT COST
This section describes the fees and ongoing expenses applicable to a
policyholder who buys, sells, switches or holds units of the funds.
• Sales charges – This table describes what you pay and how it works.
When you purchase the contract you choose a sales charge option – either
Initial Sales Charge (ISC) or Deferred Sales Charge (DSC).
– ISC: you and your advisor negotiate a commission when you purchase
the contract, you do not pay a sales charge when you sell units of the
contract.
– DSC: you are charged a fee for a fixed number of years on a declining
basis when you sell units of a fund.
• Ongoing fund expenses – This section describes the fees and operating
expenses applicable to the fund based on the guarantees available for this
contract.
• Trailing commission – This section shows the percentage of commission
we pay out of the management fee to your advisor for the advice and
services provided to you.
• Other fees – This section describes fees you may pay when you sell or
transfer units of the fund.
WHAT IF I CHANGE MY MIND
8
9
10
Transamerica Canadian Bond GIF
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge If you sell within:
(as a percentage of the
original purchase price of
DSC units)
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Fee
Early Withdrawal Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
Guarantee
MER (Annual rate as a %
Early Switch Fee 2% of the value of units you trade for switches
(Maturity/Death)
of the fund’s value)
within 90 days of buying them.
75/100 2.26%
Switch Fee
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice that is provided to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 0.75% of the value of your investment each year
• Deferred sales charge – up to 0.25% of the value of your investment each year
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Transamerica Guaranteed Investment Funds
This section describes the policyholder’s rights to cancel investment decisions
and the amount that will be returned. It tells you what you need to do and
within what period of time you need to do it.
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
10
FOR MORE INFORMATION
This section provides Transamerica Life Canada’s contact information.
57

58
This page is left intentionally blank

Transamerica Guaranteed Investment Funds
Transamerica Canadian Money Market GIF
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $5,093
Net asset value per unit: $10.00
Number of units outstanding: 509,140
Management expense ratio (MER): 0.99%
Portfolio manager: Aegon Capital Management Inc.
Portfolio turnover rate: N/A
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1000
Fund Code: Initial Sales Charge (ISC): TLC1001
WHAT DOES THE FUND INVEST IN
The Fund invests in short-term, high-quality, low-risk Canadian
securities issued by the federal and provincial governments with
maturity dates of less than one year.
Top 10 investments of the fund as of December 31, 2012
Gov’t of Canada, 0.01%, January 4, 2013 11.48%
Gov’t of Canada, January 31, 2013 10.29%
Gov’t of Canada, March 28, 2013 10.05%
Gov’t of Canada, May 23, 2013 8.94%
Gov’t of Canada, April 25, 2013 8.43%
Gov’t of Canada, February 28, 2013 7.31%
Gov’t of Canada, July 4, 2013 6.92%
Gov’t of Canada, June 6, 2013 6.16%
Gov’t of Canada, April 11, 2013 5.39%
Gov’t of Canada, May 9, 2013 4.43%
Total 79.40%
Total investments: 17
Asset mix as of December 31, 2012
Cash 100.00%
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 9 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,000.00.
This works out to an average of 0.00% per year.
Year-by-year returns
4
3
2
1
0
1.9%
0.1% 0.0% 0.0% 0.0%
2004 2005 2006 2007 2008 2009 2010 2011 2012
Transamerica Canadian Money Market GIF – imaxxGIF 75/100 (similar class)
Transamerica Canadian Money Market GIF (fund)
This chart shows how the fund or similar class of the same fund performed in each of the
past 9 years. In the last 9 years, the performance was up in value 6 years and there was no
change in value 3 years. For illustration purposes. Actual segregated fund performance is
expected to vary.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for the short term and wants some
income with very small changes in value during the term.
59

Transamerica Canadian Money Market GIF
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 0.99%*
* In response to historical low short-term interest rates, the decision was made to
temporarily waive a portion of the fees charged to the Fund. This temporary measure
was effective as of March 31, 2009. We reserve the right to change management fees.
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 0.5% of the value of your investment each year
• Deferred sales charge – up to 0% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
60

Transamerica Guaranteed Investment Funds
Transamerica Canadian Bond GIF
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $50,579
Net asset value per unit: $11.96
Number of units outstanding: 4,219,290
Management expense ratio (MER): 2.26%
Portfolio manager: Aegon Capital Management Inc.
Portfolio turnover rate : 137.92%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1002
Fund Code: Initial Sales Charge (ISC): TLC1003
WHAT DOES THE FUND INVEST IN
The Fund invests mainly in medium term, high-quality corporate and
government bonds.
Top 10 investments of the fund as of December 31, 2012
Gov’t of Canada, 2.75%, June 1, 2022 8.21%
Gov’t of Canada, 4.00%, June 1, 2041 5.28%
Bank of Montreal, 3.98%, July 8, 2021 2.84%
Intact Financial, 4.70%, August 18, 2021 2.71%
Laurentian Bank of Canada, 3.13%, October 19, 2022 2.69%
CIBC, 9.98%, June 30, 2108 2.59%
EPCOR Utilities, 4.55%, February 28, 2042 2.50%
Finning International, 5.08%, June 13, 2042 2.35%
ClareGold Trust, 5.04%, May 15, 2044 2.35%
Schooner Trust CCF, 5.20%, June 12, 2022 2.21%
Total 33.73%
Total investments: 70
Asset mix as of December 31, 2012
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 9 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,201.81.
This works out to an average of 5.85% per year.
Year-by-year returns
15
10
5
0
-5
5.4% 5.2%
2.5%
2.9%
8.4% 8.8%
6.4%
3.9%
-0.8%
2004 2005 2006 2007 2008 2009 2010 2011 2012
Transamerica Canadian Bond GIF – imaxxGIF 75/100 (similar class)
Transamerica Canadian Bond GIF (fund)
This chart shows how the fund or similar class of the same fund performed in each of the
past 9 years. In the last 9 years, the performance was up in value 8 years and down in
value 1 year. For illustration purposes. Actual segregated fund performance is expected
to vary.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
Bond 99.19%
Cash 0.81%
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for a medium term and wants potential for
income and some growth and is comfortable with small changes in value during the term.
61

Transamerica Canadian Bond GIF
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 2.26%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice that is provided to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 0.75% of the value of your investment each year
• Deferred sales charge – up to 0.25% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
62

Transamerica Guaranteed Investment Funds
Transamerica TD Income Advantage GIF
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $13,644
Net asset value per unit: $11.32
Number of units outstanding: 1,197,381
Management expense ratio (MER): 3.04%
Portfolio manager: TD Asset Management Inc.
Portfolio turnover rate: 12.27%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1056
Fund Code: Initial Sales Charge (ISC): TLC1057
WHAT DOES THE FUND INVEST IN
The Fund invests mainly in units of the current underlying fund and/or
other investments as chosen by us.
Current underlying fund as of December 2012
TD Income Advantage Portfolio
Top investments of the underlying fund as of December 31, 2012
TD Canadian Bond Fund 37.43%
TD Dividend Income Fund 20.23%
TD Income Opportunities Pool 12.43%
TD Short-Term Bond Fund 9.93%
TD High Yield Bond Fund 7.58%
TD Target Return Conservative Fund 7.50%
TD Global Low Volatility Fund 5.04%
Total 100.00%
Total investments: 7
Asset mix of the underlying fund as of December 31, 2012
Stock 20.93%
Bond 69.09%
Cash 9.43%
Other 0.56%
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 9 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,133.45.
This works out to an average of 3.95% per year.
Year-by-year returns
20 16.4%
10 7.1% 5.7% 5.3% 4.9% 3.5% 0.7% 2.9%
0
-10
-7.7%
2004 2005 2006 2007 2008 2009 2010 2011 2012
TD Income Advantage Portfolio (underlying fund)
Transamerica TD Income Advantage GIF (fund)
This chart shows how the fund or underlying fund performed in each of the past 9 years.
In the last 9 years, the performance was up in value 8 years and down in value 1 year. For
illustration purposes. The segregated fund MER is higher than the mutual fund MER. Actual
segregated fund performance is expected to be lower than the underlying fund performance.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for a medium term and wants potential for
income and some growth and is comfortable with small changes in value during the term.
63

Transamerica TD Income Advantage GIF
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 3.04%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 1% of the value of your investment each year
• Deferred sales charge – up to 0.5% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
64

Transamerica Guaranteed Investment Funds
Transamerica Canadian Short-Term Bond GIF
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: November 2012
Total fund value (in 000s): $35
Net asset value per unit: $9.98
Number of units outstanding: 3,484
Management expense ratio (MER) : 1.93%
Portfolio manager: Aegon Capital Management Inc.
Portfolio turnover rate : 185.31%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1100
Fund Code: Initial Sales Charge (ISC): TLC1101
WHAT DOES THE FUND INVEST IN
The Fund invests mainly in Canadian fixed-income and other shortterm
securities.
Top 10 investments of the fund as of December 31, 2012
Gov’t of Canada, 1.50%, September 1, 2017 10.09%
Gov’t of Canada, 3.00%, June 1, 2014 6.90%
Bell Canada, 5.00%, February 15, 2017 4.04%
TELUS Corp., 5.95%, April 15, 2015 3.99%
Gloucester C.C. Trust, 6.49%, May 15, 2014 3.88%
Cards Trust Series 1998, 3.10%, September 15, 2015 3.78%
Bank of Nova Scotia, 4.94%, April 15, 2019 3.42%
DaimlerChrysler Canada Finance, 2.33%, September 14, 2015 3.39%
Schooner Trust CCF, 4.85%, October 12, 2038 3.29%
Capital Desjardins INC., 3.80%, November 23, 2020 3.13%
Total 45.91%
Total investments: 36
Asset mix as of December 31, 2012
Bond 99.31%
Cash 0.69%
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed for a contractholder. Returns are after
the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return – N/A
Year-by-year returns
7
6
5
4
3
2
1
0
2.27%
3.29%
1.24%
2.51% 1.87%
4.21%
5.51%
3.25%
2.89%
2003 2004 2005 2006 2007 2008 2009 2010 2011
Transamerica Canadian Short – Term Bond GIF (GS/GS2)
1.79%
2012
This chart shows how another class (original class) of the same fund performed in each
of the past 10 years. In the last 10 years, the performance was up in value 10 years. For
illustration purposes. Actual segregated fund performance is expected to vary.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for the short term and wants some income
with small changes in value during the term.
65

Transamerica Canadian Short-Term Bond GIF
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a % of the
fund’s value)
75/100 1.93%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice that is provided to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 0.75% of the value of your investment each year
• Deferred sales charge – up to 0.25% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
66

Transamerica Guaranteed Investment Funds
Transamerica Canadian Balanced GIF
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $6,042
Net asset value per unit: $11.10
Number of units outstanding: 543,849
Management expense ratio (MER): 2.96%
Portfolio manager: Aegon Capital Management Inc.
Portfolio turnover rate: 132.35%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1004
Fund Code: Initial Sales Charge (ISC): TLC1005
WHAT DOES THE FUND INVEST IN
The Fund invests in a balanced mix of Canadian fixed-income and
equity securities.
Top 10 investments of the fund as of December 31, 2012
iShares S&P/TSX 60 Index Fund 9.11%
SPDR S&P 500 E.T.F. 5.13%
Gov’t of Canada, 4.00%, June 1, 2041 4.61%
Gov’t of Canada, 2.75%, June 1, 2022 2.85%
TD Bank 2.17%
Royal Bank of Canada 1.98%
Bank of Montreal, 3.98%, July 8, 2021 1.93%
Cenovus Energy 1.66%
Gov’t of Canada, February 28, 2013 1.54%
Rogers Communications, 5.34%, March 22, 2021 1.48%
Total 32.46%
Total investments: 112
Asset mix as of December 31, 2012
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 9 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,106.18.
This works out to an average of 3.17% per year.
Year-by-year returns
20
10
0
-10
-20
-30
11.2% 15.0% 10.9%
2.8%
-19.4%
12.1%
7.4%
-2.1%
3.4%
2004 2005 2006 2007 2008 2009 2010 2011 2012
Transamerica Canadian Balanced GIF – imaxxGIF 75/100 (similar class)
Transamerica Canadian Balanced GIF (fund)
This chart shows how the fund or similar class of the same fund performed in each of
the past 9 years. In the last 9 years, the performance was up in value 7 years and down
in value 2 years. For illustration purposes. Actual segregated fund performance is
expected to vary.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
Stock 47.14%
Bond 48.53%
Cash 4.33%
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for a medium to long term and wants
potential for growth and income and is comfortable with small to moderate changes in
value during the term.
67

Transamerica Canadian Balanced GIF
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 2.96%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 1% of the value of your investment each year
• Deferred sales charge – up to 0.5% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
68

Transamerica Guaranteed Investment Funds
Transamerica Canadian Fixed Pay GIF
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $33,451
Net asset value per unit: $14.50
Number of units outstanding: 2,308,450
Management expense ratio (MER): 3.44%
Portfolio manager: Aegon Capital Management Inc.
Portfolio turnover rate: 10.19%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1012
Fund Code: Initial Sales Charge (ISC): TLC1013
WHAT DOES THE FUND INVEST IN
The Fund invests mainly in units of the current underlying fund and/or
other investments as chosen by us.
Current underlying fund as of December 2012
imaxx Canadian Fixed Pay Fund
Top 10 investments of the underlying fund
as of December 31, 2012
TD Bank 4.59%
Royal Bank of Canada 4.33%
Franco-Nevada Corp. 3.64%
Gov’t of Canada, March 14, 2013 3.26%
Bank of Montreal 3.25%
CIBC 2.90%
Bank of Nova Scotia 2.82%
Enbridge Inc. 2.72%
Cenovus Energy 2.60%
National Bank of Canada 2.39%
Total 32.50%
Total investments: 106
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 10 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,437.19.
This works out to an average of 11.87% per year.
Year-by-year returns
40 26.7% 35.2%
21.0%
20
7.0% 10.6%
17.2% 7.6% 5.7%
0
-1.6%
-20
-25.9%
-40
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
imaxx Canadian Fixed Pay Fund (underlying fund)
Transamerica Canadian Fixed Pay GIF (fund)
This chart shows how the fund or underlying fund performed in each of the past 10 years.
In the last 10 years, the performance was up in value 8 years and down in value 2 years.
For illustration purposes. The segregated fund MER is higher than the underlying
mutual fund MER. Actual segregated fund performance is expected to be lower than the
underlying fund performance.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
Asset mix of the underlying fund as of December 31, 2012
Stock 75.20%
Bond 19.77%
Cash 5.03%
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for the long term and wants potential for
growth and some income and is comfortable with moderate changes in value during the term.
69

Transamerica Canadian Fixed Pay GIF
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 3.44%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 1% of the value of your investment each year
• Deferred sales charge – up to 0.5% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
70

Transamerica Guaranteed Investment Funds
Transamerica Fidelity Canadian Balanced GIF
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $11,401
Net asset value per unit: $11.83
Number of units outstanding: 963,356
Management expense ratio (MER): 3.32%
Portfolio manager: Fidelity Investments Canada ULC
Portfolio turnover rate: 13.69%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1086
Fund Code: Initial Sales Charge (ISC): TLC1087
WHAT DOES THE FUND INVEST IN
The Fund invests mainly in units of the current underlying fund and/or
other investments as chosen by us.
Current underlying fund as of December 2012
Fidelity Canadian Balanced Fund
Top 10 investments of the underlying fund
as of December 31, 2012
Royal Bank of Canada 4.36%
TD Bank 4.32%
Enbridge Inc. 2.45%
Suncor Energy 2.44%
Cenovus Energy 2.15%
Valeant Pharmaceuticals Intl. 2.03%
Alimentation Couche-Tard 1.58%
Canadian Pacific Railway 1.52%
Gildan Activewear 1.52%
CGI Group 1.29%
Total 23.66%
Total investments: 634
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 10 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,174.86.
This works out to an average of 5.11% per year.
Year-by-year returns
30
20
10
0
-10
-20
-30
12.4% 9.2%
13.5% 10.2% 7.8%
22.0%
-2.3%
-18.9%
2003 2004 2005 2006 2007 2008 2009 2010 2011
Fidelity Canadian Balanced Fund (underlying fund)
Transamerica Fidelity Canadian Balanced GIF (fund)
12.0%
This chart shows how the fund or underlying fund performed in each of the past 10 years.
In the last 10 years, the performance was up in value 8 years and down in value 2 years.
For illustration purposes. The segregated fund MER is higher than the underlying mutual
fund MER. Actual segregated fund performance is expected to be lower than the underlying
fund performance.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
4.7%
2012
Low to
Moderate
Very low Low moderate Moderate to high High
Asset mix of the underlying fund as of December 31, 2012
Stock 50.19%
Bond 39.20%
Cash 2.92%
Other 7.69%
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for a medium to long term and wants
potential for growth and income and is comfortable with small to moderate changes in
value during the term.
71

Transamerica Fidelity Canadian Balanced GIF
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 3.32%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 1% of the value of your investment each year
• Deferred sales charge – up to 0.5% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
72

Transamerica Guaranteed Investment Funds
Transamerica Fidelity Canadian Asset Allocation GIF
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $12,158
Net asset value per unit: $10.68
Number of units outstanding: 1,139,596
Management expense ratio (MER): 3.41%
Portfolio manager: Fidelity Investments Canada ULC
Portfolio turnover rate: 4.87%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1092
Fund Code: Initial Sales Charge (ISC): TLC1093
WHAT DOES THE FUND INVEST IN
The Fund invests mainly in units of the current underlying fund and/or
other investments as chosen by us.
Current underlying fund as of December 2012
Fidelity Canadian Asset Allocation Fund
Top 10 investments of the underlying fund
as of December 31, 2012
TD Bank 4.35%
Fidelity Convertible Securities Investment Trust 3.07%
Suncor Energy 2.84%
Enbridge Inc. 2.78%
Bank of Nova Scotia 2.75%
Royal Bank of Canada 2.26%
Cenovus Energy 1.94%
Shoppers Drug Mart 1.59%
BCE Inc. 1.51%
SPDR S&P 500 E.T.F. 1.40%
Total 24.49%
Total investments: 1050
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 10 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,060.05.
This works out to an average of 1.82% per year.
Year-by-year returns
30
20
10
0
-10
-20
-30
13.8% 10.7% 14.0% 11.7% 5.9%
24.5%
8.7%
-6.4%
-19.4%
2003 2004 2005 2006 2007 2008 2009 2010 2011
Fidelity Canadian Asset Allocation Fund (underlying fund)
Transamerica Fidelity Canadian Asset Allocation GIF (fund)
This chart shows how the fund or underlying fund performed in each of the past 10 years.
In the last 10 years, the performance was up in value 8 years and down in value 2 years.
For illustration purposes. The segregated fund MER is higher than the underlying mutual
fund MER. Actual segregated fund performance is expected to be lower than the underlying
fund performance.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
1.5%
2012
Low to
Moderate
Very low Low moderate Moderate to high High
Asset mix of the underlying fund as of December 31, 2012
Stock 64.75%
Bond 28.73%
Cash 6.40%
Other 0.12%
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for a medium to long term and wants
potential for growth and income and is comfortable with small to moderate changes in
value during the term.
73

Transamerica Fidelity Canadian Asset Allocation GIF
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 3.41%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 1% of the value of your investment each year
• Deferred sales charge – up to 0.5% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
74

Transamerica Guaranteed Investment Funds
Transamerica TD Dividend Balanced GIP
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $7,635
Net asset value per unit: $11.75
Number of units outstanding: 649,903
Management expense ratio (MER): 3.13%
Portfolio manager: TD Asset Management Inc. – Multi Managers
Portfolio turnover rate: 10.58%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1058
Fund Code: Initial Sales Charge (ISC): TLC1059
WHAT DOES THE FUND INVEST IN
The Fund invests in units of several underlying TD mutual funds and/
or other investments as chosen by us. The underlying mutual funds
will invest mainly in high-quality, high-yielding equities of Canadian
companies and fixed-income securities.
Current underlying funds
as of December 2012
TD Canadian Core Plus Bond Fund
TD Dividend Growth Fund
Target
allocation
60%
40%
Top investments of the fund as of December 31, 2012
TD Canadian Core Plus Bond Fund 59.62%
(Top 10 investments of the underlying fund)
Gov’t of Canada, 3.50%, June 1, 2020 7.99%
Gov’t of Canada, 3.75%, June 1, 2019 4.90%
Gov’t of Canada, 3.25%, June 1, 2021 4.61%
Gov’t of Canada, 5.00%, June 1, 2037 3.41%
Gov’t of Canada, 2.00%, September 1, 2012 2.12%
Province of Ontario, 4.40%, June 2, 2019 1.68%
Bank of Montreal, 3.10%, March 10, 2016 1.38%
Bank of Montreal, 1.00%, January 4, 2011 1.29%
Gov’t of Canada, 1.50%, March 1, 2012 1.29%
Manulife Financial, 7.41%, December 31, 2108 1.22%
TD Dividend Growth Fund 40.38%
Total 100.00%
Total investments: 2
Sector allocation of the underlying funds as of December 31, 2012
Financials 20.21%
Energy 8.62%
Telecommunication Services 3.11%
Industrials 2.36%
Utilities 1.77%
Consumer Discretionary 1.62%
Materials 1.49%
Consumer Staples 0.72%
Information Technology 0.02%
Other 60.08%
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 3 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,173.77.
This works out to an average of 5.08% per year.
Year-by-year returns
8
6
4
2
0
6.1%
2.8%
5.5%
2010 2011 2012
Transamerica TD Dividend Balanced GIP (fund)
This chart shows how the fund performed in each of the past 3 years. In the last 3 years,
the performance was up in value 3 years. The segregated fund MER is higher than the
underlying mutual fund MER. Actual segregated fund performance is expected to be lower
than the underlying fund performance.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for a medium to long term and wants
potential for income and some growth and is comfortable with small to moderate changes
in value during the term.
75

Transamerica TD Dividend Balanced GIP
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 3.13%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 1% of the value of your investment each year
• Deferred sales charge – up to 0.5% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
76

Transamerica Guaranteed Investment Funds
Transamerica TD Dividend Income GIF
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $19,572
Net asset value per unit: $11.99
Number of units outstanding: 1,632,843
Management expense ratio (MER): 3.49%
Portfolio manager: TD Asset Management Inc.
Portfolio turnover rate: 6.94%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1062
Fund Code: Initial Sales Charge (ISC): TLC1063
WHAT DOES THE FUND INVEST IN
The Fund invests mainly in units of the current underlying fund and/or
other investments as chosen by us.
Current underlying fund as of December 2012
TD Dividend Income Fund
Top 10 investments of the underlying fund
as of December 31, 2012
Royal Bank of Canada 6.54%
Bank of Nova Scotia 6.32%
TD Bank 6.13%
CIBC 6.13%
Bank of Montreal 5.77%
Enbridge Inc. 3.63%
TransCanada Corp. 2.32%
Canadian Oil Sands 2.10%
BCE Inc. 1.98%
Canadian National Railway 1.94%
Total 42.86%
Total investments: 330
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 10 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,196.68.
This works out to an average of 5.71%% per year.
Year-by-year returns
40
20
0
-20
-40
20.3% 13.4% 16.7% 13.2%
0.1%
30.8%
-28.8%
2003 2004 2005 2006 2007 2008 2009 2010 2011
TD Dividend Income Fund (underlying fund)
Transamerica TD Dividend Income GIF (fund)
7.5% 0.2%
This chart shows how the fund or underlying fund performed in each of the past 10 years.
In the last 10 years, the performance was up in value 9 years and down in value 1 year.
For illustration purposes. The segregated fund MER is higher than the underlying mutual
fund MER. Actual segregated fund performance is expected to be lower than the underlying
fund performance.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
7.8%
2012
Low to
Moderate
Very low Low moderate Moderate to high High
Asset mix of the underlying fund as of December 31, 2012
Stock 75.23%
Bond 21.49%
Cash 2.58%
Other 0.69%
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for a medium to long term and wants
potential for income and growth and is comfortable with small to moderate changes in
value during the term.
77

Transamerica TD Dividend Income GIF
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 3.49%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 1% of the value of your investment each year
• Deferred sales charge – up to 0.5% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
78

Transamerica Guaranteed Investment Funds
Transamerica Canadian Equity GIF
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $2,817
Net asset value per unit: $10.59
Number of units outstanding: 265,731
Management expense ratio (MER): 3.47%
Portfolio manager: Aegon Capital Management Inc.
Portfolio turnover rate: 63.23%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1014
Fund Code: Initial Sales Charge (ISC): TLC1015
WHAT DOES THE FUND INVEST IN
The Fund invests mainly in the equities of large Canadian companies
and some medium-sized companies with strong growth potential.
Top 10 investments of the fund as of December 31, 2012
TD Bank 6.33%
Royal Bank of Canada 6.23%
Bank of Nova Scotia 4.50%
Cenovus Energy 4.20%
Suncor Energy 3.58%
Intact Financial 3.03%
Enbridge Inc. 3.03%
Franco-Nevada Corp. 2.93%
Goldcorp Inc. 2.72%
National Bank of Canada 2.66%
Total 39.21%
Total investments: 73
Asset mix as of December 31, 2012
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 9 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,046.31.
This works out to an average of 1.41% per year.
Year-by-year returns
20
0
-20
-40
10.5% 19.2% 12.7% 14.4%
17.9%
9.4%
-10.1%
-33.7%
2004 2005 2006 2007 2008 2009 2010 2011
3.3%
2012
Transamerica Canadian Equity GIF – imaxxGIF 75/100 (similar class)
Transamerica Canadian Equity GIF (fund)
This chart shows how the fund or similar class of the same fund performed in each of the
past 9 years. In the last 9 years, the performance was up in value 7 years and down in value
2 years. For illustration purposes. Actual segregated fund performance is expected to be
lower than the underlying fund performance.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
Stock 99.68%
Cash 0.32%
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for the long term and wants potential
for growth and is comfortable with moderate changes in value during the term.
79

Transamerica Canadian Equity GIF
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 3.47%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 1% of the value of your investment each year
• Deferred sales charge – up to 0.5% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
80

Transamerica Guaranteed Investment Funds
Transamerica Canadian Large Cap Index GIF
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $1,261
Net asset value per unit: $10.28
Number of units outstanding: 122,658
Management expense ratio (MER): 3.43%
Portfolio manager: Aegon Capital Management Inc.
Portfolio turnover rate: 40.61%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1024
Fund Code: Initial Sales Charge (ISC): TLC1025
WHAT DOES THE FUND INVEST IN
The Fund invests in units of exchange traded funds and/or futures
contracts that get their value from the performance of the
S&P/TSX 60 Index. Money market instruments, such as treasury bills
and short-term government and corporate debt securities may also
make up the rest of the assets of the Fund.
Top investments of the fund as of December 31, 2012
iShares S&P/TSX 60 Index 100.00%
(Top 10 investments of the underlying fund)
Royal Bank of Canada 6.52%
TD Bank 5.70%
Suncor Energy 5.23%
Bank of Nova Scotia 5.21%
Barrick Gold Corp. 4.63%
Canadian Natural Resources 4.22%
Potash Corp. of Saskatchewan 3.87%
Goldcorp Inc. 3.18%
Bank of Montreal 2.86%
CIBC 2.69%
Total 100.00%
Total investments: 1
Asset mix as of December 31, 2012
Stock 99.74%
Cash 0.26%
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 3 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,028.08.
This works out to an average of 0.86% per year.
Year-by-year returns
10
0
10.0%
-10
-12.1%
2010 2011
2012
Transamerica Canadian Large Cap Index GIF (fund)
This chart shows how the fund performed in each of the past 3 years. In the last 3 years,
the performance was up in value 2 years and down in value 1 year. Performance will vary
year over year.
4.0%
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for the long term and wants potential
for growth and is comfortable with moderate changes in value during the term.
81

Transamerica Canadian Large Cap Index GIF
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 3.43%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 1% of the value of your investment each year
• Deferred sales charge – up to 0.5% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
82

Transamerica Guaranteed Investment Funds
Transamerica U.S. Equity Index GIF
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $548
Net asset value per unit: $12.07
Number of units outstanding: 45,366
Management expense ratio (MER): 3.31%
Portfolio manager: Aegon Capital Management Inc.
Portfolio turnover rate: 10.99%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1026
Fund Code: Initial Sales Charge (ISC): TLC1027
WHAT DOES THE FUND INVEST IN
The Fund invests in units of exchange traded funds and/or futures
contracts that get their value from the performance of the Standard
& Poor’s 500 Index. Money market instruments, such as treasury bills
and short-term government and corporate debt securities may also
make up the rest of the assets of the Fund.
Top investments of the fund as of December 31, 2012
SPDR S&P 500 E.T.F. 100.00%
(Top 10 investments of the underlying fund)
Apple 3.73%
Exxon Mobil 3.08%
General Electric 1.68%
Chevron Corp. 1.64%
IBM Corp. 1.56%
Microsoft 1.55%
Johnson & Johnson 1.52%
Google 1.51%
Pfizer 1.49%
AT&T Inc. 1.49%
Total 100.00%
Total investments: 1
Asset mix as of December 31, 2012
Stock 100.00%
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 3 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,207.33.
This works out to an average of 6.00% per year.
Year-by-year returns
12
10
8
6
4
2
0
4.1%
1.7%
9.7%
2010 2011 2012
Transamerica U.S. Equity Index GIF (fund)
This chart shows how the fund performed in each of the past 3 years. In the last 3 years,
the performance was up in value 3 years. Performance will vary year over year.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for the long term and wants potential
for growth and is comfortable with moderate changes in value during the term.
83

Transamerica U.S. Equity Index GIF
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 3.31%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 1% of the value of your investment each year
• Deferred sales charge – up to 0.5% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
84

Transamerica Guaranteed Investment Funds
Transamerica Global Growth GIF
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $251
Net asset value per unit: $10.92
Number of units outstanding: 22,954
Management expense ratio (MER): 3.36%
Portfolio manager: Aegon Capital Management Inc.
Portfolio turnover rate: 432.92%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1028
Fund Code: Initial Sales Charge (ISC): TLC1029
WHAT DOES THE FUND INVEST IN
The Fund invests primarily in equity and fixed income securities
throughout the world. The fund will be managed so that it is
prudently diversified among countries, industries and securities.
Top investments of the fund as of December 31, 2012
iShares MSCI EAFE ® Index Fund 25.10%
iShares S&P/TSX 60 Index Fund 19.80%
iShares S&P 500 Index Fund 19.73%
iShares MSCI Japan E.T.F. 10.47%
PowerSh QQQ E.T.F. 9.99%
iShares Rusl Midcap E.T.F. 9.88%
iShares DEX Universe Bond Index Fund 5.03%
Total 100.00%
Total investments: 7
Asset mix as of December 31, 2012
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 3 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,094.43.
This works out to an average of 2.83% per year.
Year-by-year returns
10
5
0
-5
-10
2.6%
10.1%
-6.2%
2010 2011
2012
Transamerica Global Equity Index – up to November 2, 2012.
Transamerica Global Growth GIF (fund) – post November 2, 2012
This chart shows how the fund performed in each of the past 3 years. The fund name and
objective changed in November 2012. In the last 3 years, the performance was up in value
2 years and down in value 1 year. Performance will vary year over year.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
Stock 94.63%
Bond 5.02%
Cash 0.20%
Other 0.15%
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for the long term and wants potential
for growth and is comfortable with moderate changes in value during the term.
85

Transamerica Global Growth GIF
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 3.36%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 1% of the value of your investment each year
• Deferred sales charge – up to 0.5% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
86

Transamerica Guaranteed Investment Funds
Transamerica CI Conservative GIP †
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $19,494
Net asset value per unit: $11.46
Number of units outstanding: 1,683,835
Management expense ratio (MER): 3.06%
Portfolio manager: CI Investments Inc.
Portfolio turnover rate: 124.33%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1040
Fund Code: Initial Sales Charge (ISC): TLC1041
†
Formerly Transamerica TOP TM Conservative GIP
WHAT DOES THE FUND INVEST IN
The Fund invests mainly in units of the current underlying fund and/or
other investments as chosen by us.
Current underlying fund as of December 2012
Transamerica CI Conservative Portfolio
Top 10 investments of the underlying fund
as of December 31, 2012
Aegon Capital Management Canadian Bond Pool 31.78%
Signature Global Bond Fund 12.17%
Signature Diversified Yield ll Fund 6.14%
Signature High Income Fund 6.12%
Cambridge Income Corporate Class 6.01%
CI American Value Corporate Class 5.94%
Synergy Canadian Corporate Class 5.04%
Signature Select Canadian Corporate Class 4.99%
CI International Value Corporate Class 4.07%
Signature International Corporate Class 3.14%
Total 85.40%
Total investments: 16
Asset mix of the underlying fund as of December 31, 2012
Stock 49.50%
Bond 49.78%
Cash 4.31%
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 9 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,151.17.
This works out to an average of 4.45% per year.
Year-by-year returns
20
10
0
-10
-20
5.1% 6.2% 6.5%
-1.8%
-14.1%
12.8%
7.0%
-0.3%
2004 2005 2006 2007 2008 2009 2010 2011
6.4%
2012
Transamerica CI Conservative GIP – imaxxGIF 75/100 (similar class)
Transamerica TOP TM Conservative GIP – TGIF up to Sept 21, 2012
Transamerica CI Conservative GIP – TGIF (fund) post Sept 21, 2012
This chart shows how the fund or similar class of the same fund performed in each of the
past 9 years. The fund name and the underlying fund changed in September 2012. In the last
9 years, the performance was up in value 6 years and down in value 3 years. For illustration
purposes. Actual segregated fund performance is expected to vary.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for a medium to long term and wants
potential for income and some growth and is comfortable with small to moderate changes
in value during the term.
87

Transamerica CI Conservative GIP (formerly Transamerica TOP TM Conservative GIP)
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 3.06%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 1% of the value of your investment each year
• Deferred sales charge – up to 0.5% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
88

Transamerica Guaranteed Investment Funds
Transamerica CI Canadian Balanced GIP †
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $10,539
Net asset value per unit: $11.79
Number of units outstanding: 883,983
Management expense ratio (MER): 3.18%
Portfolio manager: CI Investments Inc.
Portfolio turnover rate: 127.19%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1042
Fund Code: Initial Sales Charge (ISC): TLC1043
†
Formerly Transamerica TOP TM Canadian Balanced GIP
WHAT DOES THE FUND INVEST IN
The Fund invests mainly in units of the current underlying fund and/or
other investments as chosen by us.
Current underlying fund as of December 2012
Transamerica CI Canadian Balanced Portfolio
Top 10 investments of the underlying fund
as of December 31, 2012
Aegon Capital Management Canadian Bond Pool 27.99%
Signature Canadian Bond Fund 12.09%
Signature High Income Fund 9.21%
Cambridge Canadian Equity Corporate Class 8.32%
Synergy Canadian Corporate Class 7.08%
CI Canadian Investment Corporate Class 7.04%
Harbour Corporate Class 6.96%
Signature Select Canadian Corporate Class 6.02%
Cambridge Income Corporate Class 5.03%
CI American Value Corporate Class 4.97%
Total 94.71%
Total investments: 13
Asset mix of the underlying fund as of December 31, 2012
Stock 51.20%
Bond 44.67%
Cash 4.12%
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 6 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has 1,180.65.
This works out to an average of 5.27% per year.
Year-by-year returns
20
10
0
-10
-20
1.1%
18.6%
9.0%
-0.9%
-15.3%
2007 2008 2009 2010 2011
6.3%
2012
Transamerica CI Canadian Balanced GIP – imaxxGIF 75/100 (similar class)
Transamerica TOP TM Canadian Balanced GIP – TGIF up to Sept 21, 2012
Transamerica CI Canadian Balanced GIP – TGIF (fund) post Sept 21, 2012
This chart shows how the fund or similar class of the same fund performed in each of the
past 6 years. The fund name and the underlying fund changed in September 2012. In the last
6 years, the performance was up in value 4 years and down in value 2 years. For illustration
purposes. Actual segregated fund performance is expected to vary.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for a medium to long term and wants
potential for growth and income and is comfortable with small to moderate changes in
value during the term.
89

Transamerica CI Canadian Balanced GIP (formerly Transamerica TOP TM Canadian Balanced GIP)
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 3.18%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 1% of the value of your investment each year
• Deferred sales charge – up to 0.5% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
90

Transamerica Guaranteed Investment Funds
Transamerica CI Balanced GIP †
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $12,409
Net asset value per unit: $11.36
Number of units outstanding: 1,083,439
Management expense ratio (MER): 3.38%
Portfolio manager: CI Investments Inc.
Portfolio turnover rate: 117.61%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1044
Fund Code: Initial Sales Charge (ISC): TLC1045
†
Formerly Transamerica TOP TM Balanced GIP
WHAT DOES THE FUND INVEST IN
The Fund invests mainly in units of the current underlying fund and/or
other investments as chosen by us.
Current underlying fund as of December 2012
Transamerica CI Balanced Portfolio
Top 10 investments of the underlying fund
as of December 31, 2012
Aegon Capital Management Canadian Bond Pool 20.47%
Signature Global Bond Fund 8.10%
Signature Select Canadian Corporate Class 6.04%
Signature International Corporate Class 5.17%
Cambridge Canadian Equity Corporate Class 5.16%
CI International Value Corporate Class 5.10%
Signature Diversified Yield ll Fund 5.09%
Signature High Income Fund 5.09%
CI Canadian Investment Corporate Class 5.05%
Synergy Canadian Corporate Class 4.55%
Total 69.82%
Total investments: 20
Asset mix of the underlying fund as of December 31, 2012
Stock 62.18%
Bond 33.41%
Cash 4.39%
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 9 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,139.10.
This works out to an average of 4.11% per year.
Year-by-year returns
20
10
0
-10
-20
5.2% 6.4% 8.8% -3.0%
15.2%
7.7%
-3.8%
-20.2%
2004 2005 2006 2007 2008 2009 2010 2011
7.5%
2012
Transamerica CI Balanced GIP – imaxxGIF 75/100 (similar class)
Transamerica TOP TM Balanced GIP – TGIF up to Sept 21, 2012
Transamerica CI Balanced GIP – TGIF (fund) post Sept 21, 2012
This chart shows how the fund or or similar class of the same fund performed in each of the
past 9 years. The fund name and the underlying fund changed in September 2012. In the last
9 years, the performance was up in value 6 years and down in value 3 years. For illustration
purposes. Actual segregated fund performance is expected to vary.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for a medium to long term and wants
potential for growth and income and is comfortable with small to moderate changes in
value during the term.
91

Transamerica CI Balanced GIP (formerly Transamerica TOP TM Balanced GIP)
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 3.38%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 1% of the value of your investment each year
• Deferred sales charge – up to 0.5% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
92

Transamerica Guaranteed Investment Funds
Transamerica CI Growth GIP †
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $11,557
Net asset value per unit: $11.38
Number of units outstanding: 1,006,766
Management expense ratio (MER): 3.50%
Portfolio manager: CI Investments Inc.
Portfolio turnover rate: 117.44%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1046
Fund Code: Initial Sales Charge (ISC): TLC1047
†
Formerly Transamerica TOP TM Growth GIP
WHAT DOES THE FUND INVEST IN
The Fund invests mainly in units of the current underlying fund and/or
other investments as chosen by us.
Current underlying fund as of December 2012
Transamerica CI Growth Portfolio
Top 10 investments of the underlying fund
as of December 31, 2012
Aegon Capital Management Canadian Bond Pool 13.43%
Cambridge Canadian Equity Corporate Class 8.16%
Signature Select Canadian Corporate Class 8.03%
CI International Value Corporate Class 7.07%
Signature International Corporate Class 6.14%
CI American Value Corporate Class 6.00%
CI American Managers ® Corporate Class 5.49%
Cambridge Global Equity Corporate Class 5.05%
CI Canadian Investment Corporate Class 5.05%
Signature High Yield Bond Corporate Class 5.04%
Total 69.46%
Total investments: 19
Asset mix of the underlying fund as of December 31, 2012
Stock 77.31%
Bond 17.69%
Cash 5.01%
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 9 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,139.45.
This works out to an average of 4.12% per year.
Year-by-year returns
20
0
-20
-40
6.1% 7.2% 10.8% -4.8%
20.5%
9.1%
-6.2%
-26.2%
2004 2005 2006 2007 2008 2009 2010 2011 2012
Transamerica CI Growth GIP – imaxxGIF 75/100 (similar class)
Transamerica TOP TM Growth GIP – TGIF up to Sept 21, 2012
Transamerica CI Growth GIP – TGIF (fund) post Sept 21, 2012
This chart shows how the fund or similar class of the same fund performed in each of the
past 9 years. The fund name and the underlying fund changed in September 2012. In the last
9 years, the performance was up in value 6 years and down in value 3 years. For illustration
purposes. Actual segregated fund performance is expected to vary.
8.2%
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for a medium to long term and wants
potential for growth and some income and is comfortable with small to moderate changes
in value during the term.
93

Transamerica CI Growth GIP (formerly Transamerica TOP TM Growth GIP)
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 3.50%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 1% of the value of your investment each year
• Deferred sales charge – up to 0.5% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
94

Transamerica Guaranteed Investment Funds
Transamerica CI Maximum Growth GIP †
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $9,678
Net asset value per unit: $11.24
Number of units outstanding: 854,159
Management expense ratio (MER): 3.77%
Portfolio manager: CI Investments Inc.
Portfolio turnover rate: 137.46%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1048
Fund Code: Initial Sales Charge (ISC): TLC1049
†
Formerly Transamerica TOP TM Aggressive Growth GIP
WHAT DOES THE FUND INVEST IN
The Fund invests mainly in units of the current underlying fund and/or
other investments as chosen by us.
Current underlying fund as of December 2012
Transamerica CI Maximum Growth Portfolio
Top 10 investments of the underlying fund
as of December 31, 2012
Cambridge Canadian Equity Corporate Class 8.13%
Signature Select Canadian Corporate Class 8.03%
CI International Value Corporate Class 7.11%
Cambridge Global Equity Corporate Class 7.07%
Synergy Canadian Corporate Class 7.06%
CI American Value Corporate Class 6.99%
Signature International Corporate Class 6.65%
Signature High Yield Bond Corporate Class 6.04%
CI American Managers ® Corporate Class 5.99%
Signature Emerging Markets Corporate Class 5.71%
Total 68.78%
Total investments: 18
Asset mix of the underlying fund as of December 31, 2012
Stock 88.56%
Bond 5.11%
Cash 6.31%
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 9 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,119.41.
This works out to an average of 3.55% per year.
Year-by-year returns
40
20
0
-20
-40
5.7% 10.2% 14.1% 26.7%
10.6% 8.8%
-5.5%
-10.4%
-33.2%
2004 2005 2006 2007 2008 2009 2010 2011 2012
Transamerica CI Maximum Growth GIP – imaxxGIF 75/100 (similar class)
Transamerica TOP TM Aggressive Growth GIP – TGIF up to Sept 21, 2012
Transamerica CI Maximum Growth GIP – TGIF (fund) post Sept 21, 2012
This chart shows how the fund or similar class of the same fund performed in each of the
past 9 years. The fund name and the underlying fund changed in September 2012. In the last
9 years, the performance was up in value 6 years and down in value 3 years. For illustration
purposes. Actual segregated fund performance is expected to vary.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for the long term and wants potential
for growth and is comfortable with moderate changes in value during the term.
95

Transamerica CI Maximum Growth GIP (formerly Transamerica TOP TM Aggressive Growth GIP)
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 3.77%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 1% of the value of your investment each year
• Deferred sales charge – up to 0.5% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
96

Transamerica Guaranteed Investment Funds
Transamerica Quotential Balanced Income GIF
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $3,483
Net asset value per unit: $11.21
Number of units outstanding: 310,848
Management expense ratio (MER): 3.33%
Portfolio manager: Fiduciary Trust Company of Canada
Portfolio turnover rate: 10.36%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1064
Fund Code: Initial Sales Charge (ISC): TLC1065
WHAT DOES THE FUND INVEST IN
The Fund invests mainly in units of the current underlying fund and/
or other investments as chosen by us. Effective July 29, 2013, the
underlying fund Quotential Balanced Income Portfolio was changed to
Franklin Quotential Balanced Income Portfolio.
Current underlying fund as of December 31, 2012
Franklin Quotential Balanced Income Portfolio
Top 10 investments of the underlying fund
as of December 31, 2012
Bissett Bond Fund 37.08%
Templeton Global Bond Fund 8.46%
Franklin Strategic Income Fund 6.55%
Bissett Canadian Equity Fund 4.77%
Templeton Asian Growth Fund 3.99%
Franklin Mutual European Fund 2.86%
Franklin Flex Cap Growth Fund 2.79%
Franklin Templeton Canadian Core Equity Fund 2.32%
Franklin Templeton Canadian Large Cap Fund 2.27%
Bissett All Canadian Focus Fund 2.27%
Total 73.36%
Total investments: 31
Asset mix of the underlying fund as of December 31, 2012
Stock 29.51%
Bond 45.34%
Cash 10.48%
Other 14.64%
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 10 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,118.01.
This works out to an average of 3.51% per year.
Year-by-year returns
30
20
10
0
-10
-20
-30
10.1% 8.7% 8.1% 7.7%
20.8%
7.4% 4.5%
-0.3%
-2.7%
-18.4%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Franklin Quotential Balanced Income Portfolio (underlying fund)
Transamerica Quotential Balanced Income GIF (fund)
This chart shows how the fund or underlying fund performed in each of the past 10 years.
In the last 10 years, the performance was up in value 7 years and down in value 3 years.
For illustration purposes. The segregated fund MER is higher than the underlying mutual
fund MER. Actual segregated fund performance is expected to be lower than the
underlying fund performance.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for a medium to long term and wants
potential for income and some growth and is comfortable with small to moderate changes
in value during the term.
97

Transamerica Quotential Balanced Income GIF
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 3.33%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 1% of the value of your investment each year
• Deferred sales charge – up to 0.5% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
98

Transamerica Guaranteed Investment Funds
Transamerica Quotential Balanced Growth GIF
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $7,501
Net asset value per unit: $11.25
Number of units outstanding: 668,143
Management expense ratio (MER): 3.33%
Portfolio manager: Fiduciary Trust Company of Canada
Portfolio turnover rate: 14.75%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1066
Fund Code: Initial Sales Charge (ISC): TLC1067
WHAT DOES THE FUND INVEST IN
The Fund invests mainly in units of the current underlying fund and/
or other investments as chosen by us. Effective July 29, 2013, the
underlying fund Quotential Balanced Growth Portfolio was changed to
Franklin Quotential Balanced Growth Portfolio.
Current underlying fund as of December 31, 2012
Franklin Quotential Balanced Growth Portfolio
Top 10 investments of the underlying fund
as of December 31, 2012
Bissett Bond Fund 20.03%
Bissett Canadian Equity Fund 7.61%
Templeton Global Bond Fund 5.70%
Templeton Asian Growth Fund 5.30%
Franklin Strategic Income Fund 4.34%
Franklin Mutual European Fund 4.15%
Franklin Flex Cap Growth Fund 3.97%
Franklin Templeton Canadian Core Equity Fund 3.71%
Franklin Templeton Canadian Large Cap Fund 3.63%
Bissett All Canadian Focus Fund 3.62%
Total 62.06%
Total investments: 32
Asset mix of the underlying fund as of December 31, 2012
Stock 42.90%
Bond 25.75%
Cash 9.91%
Other 21.45%
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 10 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,120.10.
This works out to an average of 3.57% per year.
Year-by-year returns
40
20
0
-20
-40
11.4% 9.5% 10.6% 9.9%
-0.2%
25.4%
8.7% 5.3%
-25.4%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Franklin Quotential Balanced Growth Portfolio (underlying fund)
Transamerica Quotential Balanced Growth GIF (fund)
-5.5%
This chart shows how the fund or underlying fund performed in each of the past 10 years.
In the last 10 years, the performance was up in value 7 years and down in value 3 years.
For illustration purposes. The segregated fund MER is higher than the underlying mutual
fund MER. Actual segregated fund performance is expected to be lower than the
underlying fund performance.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for a medium to long term and wants
potential for growth and some income and is comfortable with small to moderate changes
in value during the term.
99

Transamerica Quotential Balanced Growth GIF
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 3.33%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 1% of the value of your investment each year
• Deferred sales charge – up to 0.5% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
100

Transamerica Guaranteed Investment Funds
Transamerica Quotential Growth GIF
All information is as of December 31, 2012
FUND FACTS
QUICK FACTS
Date fund created: October 2009
Total fund value (in 000s): $4,431
Net asset value per unit: $10.97
Number of units outstanding: 403,976
Management expense ratio (MER): 3.43%
Portfolio manager: Fiduciary Trust Company of Canada
Portfolio turnover rate: 16.93%
Minimum initial deposit: $500/Policy ($100/Fund)
Fund Code: Deferred Sales Charge (DSC): TLC1070
Fund Code: Initial Sales Charge (ISC): TLC1071
WHAT DOES THE FUND INVEST IN
The Fund invests mainly in units of the current underlying fund and/
or other investments as chosen by us. Effective July 29, 2013, the
underlying fund Quotential Growth Portfolio was changed to Franklin
Quotential Growth Portfolio.
Current underlying fund as of December 31, 2012
Franklin Quotential Growth Portfolio
Top 10 investments of the underlying fund
as of December 31, 2012
Bissett Canadian Equity Fund 8.85%
Bissett Bond Fund 7.00%
Franklin World Growth Corporate Class 6.95%
Templeton Asian Growth Fund 6.83%
Franklin Flex Cap Growth Fund 4.72%
Franklin Templeton Canadian Core Equity Fund 4.31%
Franklin Templeton Canadian Large Cap Fund 4.22%
Bissett All Canadian Focus Fund 4.21%
Templeton International Stock Fund 4.04%
Mutual Global Discovery 3.93%
Total 55.06%
Total investments: 34
Asset mix of the underlying fund as of December 31, 2012
Stock 57.72%
Bond 9.30%
Cash 7.51%
Other 25.46%
HOW HAS THE FUND PERFORMED
This section tells you how the fund has performed over the past 10 years for a
contractholder. Returns are after the MER has been deducted.
It’s important to note that this doesn’t tell you how the fund will perform in the future.
Also, your actual return will depend on your personal tax situation.
Average return
A person who invested $1,000 in the fund on October 13, 2009 now has $1,096.84.
This works out to an average of 2.90% per year.
Year-by-year returns
40
20
0
-20
-40
10.4% 7.7% 8.8% 13.3% -1.3%
27.4%
8.8% 6.5%
-8.6%
-31.1%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Franklin Quotential Growth Portfolio (underlying fund)
Transamerica Quotential Growth GIF (fund)
This chart shows how the fund or underlying fund performed in each of the past 10 years.
In the last 10 years, the performance was up in value 7 years and down in value 3 years.
For illustration purposes. The segregated fund MER is higher than the underlying mutual
fund MER. Actual segregated fund performance is expected to be lower than the
underlying fund performance.
HOW RISKY IS IT
The value of your investments can go down. Please see the Risks of Investing in
Segregated Funds Section of the Information Folder for the risks of this fund.
Low to
Moderate
Very low Low moderate Moderate to high High
ARE THERE ANY GUARANTEES
This segregated fund is being offered under an insurance contract. It comes with
guarantees that may protect your deposits, with some limits, if the markets go down.
The MER includes the insurance cost for those guarantees. For details please refer to the
Information Folder and contract.
WHO IS THIS FUND FOR
This fund may be right for a person who will invest for a medium to long term and wants
potential for growth and some income and is comfortable with small to moderate changes
in value during the term.
101

Transamerica Quotential Growth GIF
Transamerica Guaranteed Investment Funds
HOW MUCH DOES IT COST
The following tables show the fees and expenses you could pay to buy, and sell units of the fund.
1. Sales charges
Sales charge option What you pay How it works
Initial Sales Charge Up to 5% of the amount you buy • You and your advisor decide on the rate.
• The initial sales charge is deducted from the amount you buy. It is paid as a commission.
Deferred Sales Charge
(as a percentage of the
original purchase price of
DSC units)
If you sell within:
1st year after deposit 6%
2nd year after deposit 5%
3rd year after deposit 4%
4th year after deposit 3%
5th year after deposit 2%
6th year after deposit 1%
7th year after deposit 0%
• The deferred sales charge is a set rate. It is deducted from the amount you sell.
• When you buy the fund, we pay a commission of up to 5%. Any deferred sales charge you pay
will be paid to us.
• You can sell up to 10% of your units each year without paying a deferred sales charge.
• No deferred sales charge is charged for switches between funds offered in this contract.
2. Ongoing fund expenses
The MER includes the management fee, the insurance cost for the guarantees,
operating expenses and the applicable taxes of the fund. You do not pay for these
expenses directly. They affect you because they reduce the return you get on your
investment. For details about how the guarantees work, see your insurance contract.
Guarantee
(Maturity/Death)
MER (Annual rate as a %
of the fund’s value)
75/100 3.43%
Trailing commission
We pay a trailing commission for as long as you own the fund. It is for the services
and advice your advisor provides to you. The trailing commission is paid out of the
management fee. The rate depends on the sales charge option you choose:
• Initial sales charge – up to 1% of the value of your investment each year
• Deferred sales charge – up to 0.5% of the value of your investment each year
3. Other fees
You may have to pay other fees when you sell or transfer units of the fund.
Fee
Early Withdrawal Fee
Early Switch Fee
Switch Fee
What you pay
2% of the value of units you sell or transfer within
90 days of buying them.
2% of the value of units you trade for switches
within 90 days of buying them.
2% of the amount switched for each switch after
the fourth switch is done in the same calendar year.
WHAT IF I CHANGE MY MIND
You can change your mind about a new contract within two business days of the earlier of:
• the date you received confirmation; and
• five business days after it is mailed
You can also change your mind about new deposits and switches you make under the contract within two business days of the earlier of:
• the date you received confirmation of the transaction; and
• five business days after it is mailed
You have to tell us in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of the amount you invested and the market
value, if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid for
the cancelled transaction. If you cancel a switch, the amount will be returned to the original fund.
FOR MORE INFORMATION
This summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:
Transamerica Life Canada Toll free number: 1-800-797-2643
500 – 5000 Yonge Street Email: ipservices@transamerica.ca
Toronto, ON M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
102

This page is left intentionally blank
103

Appendix A – Investment Objectives and Investment Policies of the Funds
The following provides the investment objective and investment policies for the funds available within the Transamerica GIF Contract.
Transamerica Guaranteed
Investment Fund
Investment Objective
Investment Policies of the Transamerica GIF or GIP
Money Market & Fixed Income
Transamerica Canadian
Money Market GIF
Transamerica Canadian
Bond GIF
Transamerica TD Income
Advantage GIF
The objective of this fund is
to make available the capital
protection and high-liquidity of
the short- term money market
in Canada and to earn the
highest returns available with
minimum exposure to risk.
The objective of this fund is
to achieve long-term stable
growth through interest income
and capital growth by investing
primarily in Canadian bonds of
varying maturities and in shortterm
securities.
The objective of this fund is
to emphasize income with
some potential for capital
appreciation by investing
in units of the TD Income
Advantage Portfolio or a
similar fund.
The investment policy of this fund is to invest in high-quality, low- risk
securities, with maturity dates of less than one year, in order to take
advantage of the rates of return available in the market. This fund
may invest in Canadian short-term securities issued by the federal and
provincial governments, minimum A1 and R1-rated financial institutions
and other corporate issuers. All the securities are of investment grade
quality. The dollar-weighted average term to-maturity of the securities
held by this fund will not exceed 180 days. This fund does not currently
use derivatives but may do so as described under Derivatives and their
Permissible use. The fund is currently invested to obtain a minimum and
maximum asset mix of 100% in domestic cash & t-bills.
The investment policy of this fund is to invest primarily in Canadian bonds
of varying maturities and in short-term securities. It is intended that the
duration of the fund’s portfolio be maintained within a range of plus or
minus two years of the duration for the DEX Bond Index or any index which
may replace the DEX Bond Index. The fund is only invested in securities:
(i) issued by Canadian companies and/or non-Canadian domiciled
companies that issue debt in Canada, in Canadian dollars, and traded
on Canadian over-the-counter markets; and
(ii) issued by U.S. companies or supranationals up to 30% of the fund’s
portfolio.
The investments are in high-quality marketable securities, consisting of
government bonds, asset-backed securities and corporate bonds. The
portfolio will have an average investment grade credit rating or higher. In
order to enhance yield, up to 35% of the fund’s assets may be invested in
below investment grade and un-rated securities . The maximum exposure
to a single issuer will be 10% of the market value of the fund’s assets
at the time of purchase with the exception of federal and provincial
governments and their agencies. No one industry sector will exceed 25%
of the market value of the fund’s assets at the time of purchase. This
fund does not currently use derivatives but may do so as described under
Derivatives and their permissible use.
The investment policy of this fund is to invest all of its net assets in the
current underlying fund and/or other investments as deemed appropriate
by us. The investment objective of the underlying fund is to emphasize
income with some potential for capital appreciation through exposure to
Canadian fixed income and income-generating investments. TD Income
Advantage Portfolio invests primarily in units of TD mutual funds and
may include other mutual funds managed by parties other than TDAM (or
affiliates or associates), from time to time, emphasizing mutual funds with
income generating potential. The investment objective of the underlying
mutual fund may not be changed unless approved by the unitholders of the
underlying mutual fund. Upon such approval, fund contract holders will be
provided notice of such change.
104

Appendix A – Investment Objectives and Investment Policies of the Funds continued
Transamerica Guaranteed
Investment Fund
Investment Objective
Investment Policies of the Transamerica GIF or GIP
Money Market & Fixed Income – continued
Transamerica Canadian
Short-Term Bond GIF
Canadian Balanced
Transamerica Canadian
Balanced GIF
Transamerica Canadian
Fixed Pay GIF
The objective of this fund
is to preserve capital and
liquidity while generating a
high level of income. The fund
will be invested in money
market and short- term fixed
income securities issued by
governments, supranational
agencies and corporations.
The objective of this fund is
to achieve long-term stable
growth and to maintain a
reasonable degree of portfolio
diversification to reduce risk by
investing in fixed income and
equity securities.
The objective of this fund is to
provide capital appreciation by
investing in units of the imaxx
Canadian Fixed Pay Fund or a
similar fund.
This fund may be invested in Canadian bonds, term deposits, guaranteed
investment certificates and other Canadian short- term fixed income
securities issued by the following: corporations, federal, provincial, and
municipal governments, supranational agencies, asset-backed security
trusts, collateralized mortgage-backed security trusts and mortgage-backed
security trusts.
In regards to the short-term securities issued by corporations, the fund is
only invested in securities:
(i) issued by Canadian companies and/or non-Canadian domiciled
companies that issue debt in Canada, in Canadian dollars, and traded
on Canadian over-the-counter markets; and
(ii) issued by U.S. companies or supranationals up to 15% of the fund’s
portfolio.
All the securities will be investment grade quality or better at the time of
purchase. The maximum exposure to a single issuer will be 10% of the
market value of the fund assets at the time of purchase with the exception
of federal and provincial governments and their agencies.
The investment policy of this fund is to invest primarily in Canadian
securities, but foreign securities may also be included. The fund aims
to achieve its investment objective thought prudent security selection.
The fund is specifically designed to relieve policyholders of the asset
mix decision for their portfolios. Investments acquired in respect of this
fund are primarily denominated in Canadian dollars but other currencies
are also represented. The preferred and common shares are listed on the
Toronto Stock Exchange or any other major stock exchange or over-thecounter
market. Securities include fixed income securities (including
both corporate and government bonds with an average investment grade
credit rating), equities (including common and preferred shares, rights and
warrants), derivatives (on a non-leveraged basis), certificates of deposit,
cash and short term securities. The component mix will be regularly
adjusted to reflect the potential returns in both the fixed income and
equity markets. The maximum exposure to a single issuer will be 10%
of the market value of the fund’s assets at the time of purchase with the
exception of federal and provincial governments and their agencies. The
equity portfolio will always hold less than 10% of the voting securities
of an issuer. Portfolio diversification will seek to avoid any undue
concentration in one industry. The fund is currently invested to obtain the
following asset range minimum of 20% and maximum of 80%, for both
equities and fixed income securities.
The investment policy of this fund is to invest all of its net assets primarily
in the current underlying fund and/or other investments as deemed
appropriate by us. The investment objective of the underlying fund is
to provide a consistent stream of monthly income and some capital
appreciation by investing in a portfolio of Canadian fixed income, investment
trust units and equity investments. The underlying fund’s fundamental
investment objectives may not be changed without prior approval of the
majority of its investors who vote at a meeting called for that purpose,
except when the change is required because of changes in law.
105

Appendix A – Investment Objectives and Investment Policies of the Funds continued
Transamerica Guaranteed
Investment Fund
Investment Objective
Investment Policies of the Transamerica GIF or GIP
Canadian Balanced – continued
Transamerica Fidelity
Canadian Balanced GIF
Transamerica Fidelity
Canadian Asset Allocation GIF
Transamerica TD Dividend
Balanced GIP
Transamerica TD Dividend
Income GIF
Canadian Equity
Transamerica Canadian
Equity GIF
The objective of this fund is to
provide a high total investment
return by investing in units of
the Fidelity Canadian Balanced
Fund or a similar fund.
The objective of this fund
is to provide a high total
investment return by investing
in units of the Fidelity
Canadian Asset Allocation
Fund or a similar fund.
The objective of this portfolio
is to provide long-term stable
growth and some interest
income by investing in units
of underlying TD mutual funds
and/or other investments as
deemed appropriate by us.
The objective of this fund is to
provide a high level of after-tax
return and capital appreciation
by investing in units of the
TD Dividend Income Fund or a
similar fund.
The objective of this fund is
to achieve superior long-term
total returns, at moderate
risk, through a combination
of capital gains and dividend
income by investing in
Canadian equity securities.
The investment policy of this fund is to invest all of its net assets in the
current underlying fund and/or other investments as deemed appropriate
by us. The investment objective of the underlying fund is to achieve high
total investment return. It invests primarily in a mix of Canadian equity
securities, investment grade bonds, high yield securities and money
market instruments.
The investment policy of this fund is to invest all of its net assets in the
current underlying fund and/or other investments as deemed appropriate
by us. The investment objective of the underlying fund is to achieve high
total investment return. The underlying fund uses an asset allocation
approach. It invests primarily in a mix of Canadian equity securities, fixedincome
securities and money market instruments.
The investment policy of this portfolio is to invest all of its net assets in
units of underlying TD mutual funds and/or other investments as deemed
appropriate by us. The underlying mutual funds will primarily invest in
high-quality, high-yielding equities of Canadian companies and fixedincome
securities. The fixed income securities may include non-Canadian
and non-investment grade debt instruments. The portfolio’s asset mix will
generally be between 35% to 55% in equities and 45% to 65% in fixed
income. We may change these targeted mixes and underlying funds at any
time to better achieve the investment objective of each GIP. You will not
be notified when the GIPs are rebalanced or when an underlying fund and/
or its targeted weight is changed. If the change meets the definition of a
Fundamental Change, the Fundamental Change Rule in section 14.1 of the
Annuity Policy will apply.
The investment policy of this fund is to invest all of its net assets in the
current underlying fund and/or other investments as deemed appropriate
by us. The investment objective of the underlying fund is to achieve a high
level of after-tax return based on the favourable tax treatment of dividend
income and the opportunity for capital appreciation, by investing primarily
in common and preferred shares of Canadian companies, as well as bonds
and other income-producing securities.
The investment policy of this fund is to invest primarily in equities
(including common and preferred shares, rights and warrants), although
derivatives (on a non-leveraged basis) may, and cash and short term
securities will, also be included. The fund will primarily invest in the
equities of large Canadian companies and where considered appropriate,
some medium sized companies. The fund’s portfolio is broadly diversified.
The maximum exposure to a single issuer will be 10% of the market value
of the fund at the time of the purchase. Portfolio diversification will seek
to avoid any undue concentration in any one industry or company. The
equity portfolio will always hold less than 10% of the voting securities of
an issuer. The investments are primarily Canadian, but foreign securities
may also be included. The securities are of companies listed on the
Toronto Stock Exchange or any other nationally recognized stock exchange
or over-the-counter market.
106

Appendix A – Investment Objectives and Investment Policies of the Funds continued
Transamerica Guaranteed
Investment Fund
Canadian Equity – continued
Transamerica Canadian Large
Cap Index GIF
U.S. Equity
Transamerica U.S. Equity
Index GIF
Global Equity
Transamerica Global
Growth GIF
Investment Objective
The objective of this fund is
to provide long-term capital
growth. The fund seeks to
achieve returns similar to a
generally recognized index of
the large-cap Canadian equity
index market, currently being
the S&P/TSX 60 Index .
The objective of this fund is
to provide long-term capital
growth. The fund seeks to
achieve returns similar to a
generally recognized index of
the U.S equity market, currently
being the S&P 500 Index.
The objective of this fund is to
achieve long term growth by
investing primarily in equity
and fixed income securities
throughout the world. The fund
will be managed so that it is
prudently diversified among
countries, industries
and securities.
Investment Policies of the Transamerica GIF or GIP
The investment policy of this fund is to provide long-term capital growth
through investment in and/or exposure to Canadian equity securities. In
attempting to achieve its objective, the fund currently invests in Exchange
Traded Funds (ETFs) and/or futures contracts that derive their value from
the performance of the S&P/TSX 60 Index. Money market instruments
such as treasury bills and short-term government and corporate debt
securities may make up the balance of the assets of the fund. The fund
may use derivatives such as options, futures, forward contracts and
other instruments that provide exposure to or derive their value from the
performance of an index. Investments in derivatives will be made on a
non-leveraged basis only. The value of the futures contracts outstanding
at any time should closely approximate the value of the cash and shortterm
securities backing such investment.
The investment policy of this fund is to provide long-term capital
growth through investment in and/or exposure to U.S. equity securities.
In attempting to achieve its objective, the fund currently invests in
Exchange Traded Funds (ETFs) and/or futures contracts that derive their
value from the performance of the Standard & Poor’s 500 Index. Money
market instruments such as treasury bills and short-term government
and corporate debt securities may make up the balance of the assets of
the fund. The fund may use derivatives such as options, futures, forward
contracts and other instruments that provide exposure to or derive their
value from the performance of an index. Investments in derivatives will
be made on a non-leveraged basis only. The value of the futures contracts
outstanding at any time should closely approximate the value of the cash
and short-term securities backing such investment. The fund does not
seek to hedge against changes in currencies.
This fund may be invested in equities (including common and preferred
stock, rights and warrants), trust units, stock index options, futures
contracts and other derivative instruments (on a non-leveraged basis),
bonds convertible into common stock, and other fixed income securities.
The fund may also invest in units of mutual funds, pooled funds and
other alternative investments as deemed appropriate by us for hedging
purposes. Cash, money market instruments and other short-term
securities may also be included. The fund may choose to deviate from
its investment objective by temporarily investing most or all of its assets
in cash, cash equivalents or fixed income securities during periods of a
market downturn or for other reasons. The portfolio manager of the GIF
will have the discretion as to whether currency exchange will
be hedged or not.
107

Appendix A – Investment Objectives and Investment Policies of the Funds continued
Transamerica Guaranteed
Investment Fund
Asset Allocation Portfolios
Transamerica CI
Conservative GIP
Transamerica CI Canadian
Balanced GIP
Transamerica CI Balanced GIP
Transamerica CI Growth GIP
Transamerica CI Maximum
Growth GIP
Investment Objective
The objective of this portfolio is to
earn a reasonable level of income,
while also providing the opportunity
for moderate long-term capital
appreciation through investment
in a diversified portfolio of income
and equity based underlying mutual
funds and/or other investments as
deemed appropriate by us.
The objective of this portfolio is to
earn a reasonable level of income,
while also providing the opportunity
for moderate long-term capital
appreciation through investment
in a diversified portfolio of income
and equity based underlying mutual
funds and/or other investments as
deemed appropriate by us.
The objective of this portfolio is
to provide a reasonable balance
between growth and incomeoriented
investments, with a
slight bias towards growth funds
through investment in a diversified
portfolio of income and equity
based underlying mutual funds and/
or other investments as deemed
appropriate by us.
The objective of this portfolio
is to provide long-term capital
appreciation, through investment in
a diversified portfolio of primarily
growth-oriented funds, but
income-oriented funds are of some
importance by investing in units
of underlying mutual funds and/
or other investments as deemed
appropriate by us.
The objective of this portfolio
is to provide long-term capital
appreciation, through investment in
a diversified portfolio of primarily
growth oriented underlying mutual
funds and/or other investments as
deemed appropriate by us.
Investment Policies of the Transamerica GIF or GIP
The investment policy of this portfolio is to invest all of its net
assets in units of underlying mutual funds and/or other investments
as deemed appropriate by us. The target asset allocation of the
portfolio is currently 60% income and 40% equity. We may change
these targeted mixes and underlying funds at any time to better
achieve the investment objective of each GIP. You will not be notified
when the GIPs are rebalanced or when an underlying fund and/or its
targeted weight is changed. If the change meets the definition of a
Fundamental Change, the Fundamental Change Rule in section 14.1 of
the Annuity Policy will apply.
The investment policy of this portfolio is to invest all of its net
assets in units of underlying mutual funds and/or other investments
as deemed appropriate by us. The target asset allocation of the
portfolio is currently 50% income and 50% equity. We may change
these targeted mixes and underlying funds at any time to better
achieve the investment objective of each GIP. You will not be notified
when the GIPs are rebalanced or when an underlying fund and/or its
targeted weight is changed. If the change meets the definition of a
Fundamental Change, the Fundamental Change Rule in section 14.1 of
the Annuity Policy will apply.
The investment policy of this portfolio is to invest all of its net
assets in units of underlying mutual funds and/or other investments
as deemed appropriate by us. The target asset allocation of the
portfolio is currently 40% income and 60% equity. We may change
these targeted mixes and underlying funds at any time to better
achieve the investment objective of each GIP. You will not be notified
when the GIPs are rebalanced or when an underlying fund and/or its
targeted weight is changed. If the change meets the definition of a
Fundamental Change, the Fundamental Change Rule in section 14.1 of
the Annuity Policy will apply.
The investment policy of this portfolio is to invest all of its net assets
in units of underlying mutual funds and other investments as deemed
appropriate by the manager. The target asset allocation of the
portfolio is currently 25% income and 75% equity. We may change
these targeted mixes and underlying funds at any time to better
achieve the investment objective of each GIP. You will not be notified
when the GIPs are rebalanced or when an underlying fund and/or its
targeted weight is changed. If the change meets the definition of a
Fundamental Change, the Fundamental Change Rule in section 14.1 of
the Annuity Policy will apply.
The investment policy of this portfolio is to invest all of its net assets
in units of underlying mutual funds and/or other investments as
deemed appropriate by us. The target asset allocation of the portfolio
is currently 100% equity. We may change these targeted mixes
and underlying funds at any time to better achieve the investment
objective of each GIP. You will not be notified when the GIPs are
rebalanced or when an underlying fund and/or its targeted weight
is changed. If the change meets the definition of a Fundamental
Change, the Fundamental Change Rule in section 14.1 of the Annuity
Policy will apply.
108

Appendix A – Investment Objectives and Investment Policies of the Funds continued
Transamerica Guaranteed
Investment Fund
Investment Objective
Investment Policies of the Transamerica GIF or GIP
Asset Allocation Portfolios – continued
Transamerica Quotential
Balanced Income GIF
Transamerica Quotential
Balanced Growth GIF
Transamerica Quotential
Growth GIF
The objective of this fund is to
provide a balance of current
income and long-term capital
appreciation by investing
in units of the Quotential
Balanced Income Portfolio or a
similar fund.
The objective of this fund is to
provide a balance of current
income and long-term capital
appreciation by investing
in units of the Quotential
Balanced Growth Portfolio or a
similar fund.
The objective of this fund is
to provide long-term capital
appreciation by investing in
units of the Quotential Growth
Portfolio or a similar fund.
The investment policy of this fund is to invest all of its net assets in the
current underlying fund and/or other investments as deemed appropriate
by us. The investment objective of the underlying fund is to provide a
balance of current income and long-term capital appreciation by investing
in a diversified mix of equity and income mutual funds, with a bias
towards income.
The investment policy of this fund is to invest all of its net assets in the
current underlying fund and/or other investments as deemed appropriate
by us. The investment objective of the underlying fund is to provide a
balance of current income and long-term capital appreciation by investing
in a diversified mix of equity and income mutual funds, with a bias
towards capital appreciation.
The investment policy of this fund is to invest all of its net assets in the
current underlying fund and/or other investments as deemed appropriate
by us. The investment objective of the underlying fund is to provide
long-term capital appreciation by investing primarily in a diversified mix
of equity mutual funds with additional stability derived from investing in
income mutual funds.
109

Appendix B – Underlying Funds and Fund Company Information
The underlying funds of the Transamerica GIPs have been selected to meet
the income and equity mandates of each Transamerica GIP. In selecting the
underlying funds for each Transamerica GIP, consideration was given to
consistency of performance, volatility of the underlying fund, the underlying fund
manager’s investment style, strength, history, and risk adjusted performance.
Each underlying fund is grouped by its management company. Copies of the
simplified prospectus and/or audited financial statements for the underlying
funds may be obtained from each mutual fund company by contacting them
directly at their respective address provided below. The investment objective
of the underlying mutual fund may not be changed unless approved by the unit
holders of the underlying mutual fund. Upon such approval, you will be provided
notice of such change.
CI Investments Inc.
Transamerica CI Conservative Portfolio
Investment Objective
Investment Strategies
Manager/Advisor
The objective of this portfolio is to earn a reasonable level of income, while also providing the opportunity for moderate
long-term capital appreciation through investment in a diversified portfolio of income and equity based underlying mutual
funds and/or other investments as deemed appropriate by us.
The portfolio advisor uses strategic asset allocation as the principal investment strategy to create a portfolio diversified
by investment style, asset class and geographic region. This generally includes Canadian equity, U.S. equity, international
equity, Canadian fixed income and global fixed income securities.
In determining the portfolio’s target asset allocations, the portfolio adviser considers, among other factors, each
underlying fund’s investment objective and strategies, past performance and historical volatility in the context of a
diversified holding of underlying funds suitable for the investment objective of the portfolio.
The target asset allocation of the portfolio is 60% income and 40% equity. We may change these targeted mixes and
underlying funds at any time to better achieve the investment objective of each portfolio.
CI Investments Inc.
Inception Date September 2012
Transamerica CI Balanced Portfolio
Investment Objective
Investment Strategies
Manager/Advisor
The objective of this portfolio is to provide a reasonable balance between growth and income-oriented investments, with
a slight bias towards growth funds through investment in a diversified portfolio of income and equity based underlying
mutual funds and/or other investments as deemed appropriate by us.
The portfolio advisor uses strategic asset allocation as the principal investment strategy to create a portfolio diversified
by investment style, asset class and geographic region. This generally includes Canadian equity, U.S. equity, international
equity, Canadian fixed income and global fixed income securities.
In determining the portfolio’s target asset allocations, the portfolio adviser considers, among other factors, each
underlying fund’s investment objective and strategies, past performance and historical volatility in the context of a
diversified holding of underlying funds suitable for the investment objective of the portfolio.
The target asset allocation of the portfolio is 40% income and 60% equity. We may change these targeted mixes and
underlying funds at any time to better achieve the investment objective of each portfolio.
CI Investments Inc.
Inception Date September 2012
110

Appendix B – Underlying Funds and Fund Company Information continued
CI Investments Inc. continued
Transamerica CI Canadian Balanced Portfolio
Investment Objective
Investment Strategies
Manager/Advisor
The objective of this portfolio is to earn a reasonable level of income, while also providing the opportunity for moderate
long-term capital appreciation through investment in a diversified portfolio of income and equity based underlying mutual
funds and/or other investments as deemed appropriate by us.
The portfolio advisor uses strategic asset allocation as the principal investment strategy to create a portfolio diversified
by investment style, asset class and geographic region. This generally includes Canadian equity, U.S. equity, international
equity, Canadian fixed income and global fixed income securities.
In determining the portfolio’s target asset allocations, the portfolio adviser considers, among other factors, each
underlying fund’s investment objective and strategies, past performance and historical volatility in the context of a
diversified holding of underlying funds suitable for the investment objective of the portfolio.
The target asset allocation of the portfolio is 50% income and 50% equity. We may change these targeted mixes and
underlying funds at any time to better achieve the investment objective of each portfolio.
CI Investments Inc.
Inception Date September 2012
Transamerica CI Growth Portfolio
Investment Objective
Investment Strategies
Manager/Advisor
The objective of this portfolio is to provide long term capital appreciation, through investment in a diversified portfolio of
equity funds, but income oriented funds are of some importance by investing in units of underlying mutual funds and/or
other investments as deemed appropriate by us.
The portfolio advisor uses strategic asset allocation as the principal investment strategy to create a portfolio diversified by
investment style asset class and geographic region. This generally involves Canadian equity, U.S. equity, international equity,
Canadian fixed income and global fixed income securities.
In determining the portfolio’s target asset allocations, the portfolio adviser considers, among other factors, each underlying
fund’s investment objective and strategies, past performance and historical volatility in the context of a diversified holding of
underlying funds suitable for the investment objective of the portfolio.
The target asset allocation of the portfolio is 25% income and 75% equity. We may change these targeted mixes and
underlying funds at any time to better achieve the investment objective of each portfolio.
CI Investments Inc.
Inception Date September 2012
Transamerica CI Maximum Growth Portfolio
Investment Objective
Investment Strategies
Manager/Advisor
The objective of this portfolio is to provide long-term capital appreciation, through investment in a diversified portfolio of
underlying equity mutual funds and/or other investments as deemed appropriate by us.
The portfolio advisor uses strategic asset allocation as the principal investment strategy to create a portfolio diversified by
investment style, asset class and geographic region. This generally includes Canadian equity, U.S. equity and international
equity securities, as well as high yield corporate bonds.
In determining the portfolio’s target asset allocations, the portfolio adviser considers, among other factors, each underlying
fund’s investment objective and strategies, past performance and historical volatility in the context of a diversified holding of
underlying funds suitable for the investment objective of the portfolio.
The target asset allocation of the portfolio is 100% equities. We may change the targeted mixes and underlying funds at any
time to better achieve the investment objective of each portfolio.
CI Investments Inc.
Inception Date September 2012
111

Appendix B – Underlying Funds and Fund Company Information continued
TD Asset Management Inc.
TD Canadian Core Plus Bond Fund
Investment Objective
Investment Strategies
Manager/Advisor
The fundamental investment objective is to seek to earn a high rate of interest income by investing primarily in Canadian
dollar-dominated, investment-grade debt instruments. The fund may, from time to time, also seek added value from non-
Canadian and/or non-investment- grade debt instruments to enhance total return.
The portfolio adviser seeks to achieve the fundamental investment objective of the fund by focusing on bonds
denominated in Canadian dollars, which may include debt obligations of, or guaranteed by, Canadian federal, provincial
or municipal governments, Canadian corporations, or foreign issuers (Maple bonds). In addition, the fund may invest in
any one or combination of: global investment- and noninvestment-grade bonds, emerging market debt, and any other debt
obligations. The portfolio adviser believes a strategy using rigorous bottom-up security selection in regard to the macro
environment will add value and enhance long-term performance.
TD Asset Management Inc.
Inception Date September 2007
TD Dividend Growth Fund
Investment Objective
Investment Strategies
Manager/Advisor
The fundamental investment objective is to provide a high level of after-tax income and steady growth by investing
primarily in high-quality, high-yield equity securities and other income- producing instruments of Canadian issuers.
The portfolio adviser seeks to achieve the fundamental investment objective of the fund by purchasing predominantly
large-capitalization common equities that have either an above-average yield or the prospect of an attractive low-risk total
return. Equity investments will tend to be concentrated in the financial services, pipeline, and utility sectors of the market,
but will also include large-capitalization special situations. Investments in income trusts and other trust securities, bonds,
preferred shares and exchange-traded funds may also be held by the fund. The fund may invest in foreign securities to an
extent that will vary from time to time but is not typically expected to exceed 30% of the net assets of the fund at the time
that foreign securities are purchased.
TD Asset Management Inc.
Inception Date September 1987
112

Underlying Fund Company Information
All the information about the underlying funds, including their investment objectives is based on information provided by the fund companies.
The relationship of these companies to Transamerica is outlined in the table below.
If you wish a copy of the simplified prospectus and/or financial statements of any of the underlying funds, please contact the appropriate mutual fund company
at the address or phone number listed below.
Investment Management Firm Address and Phone Number(s) Relationship to Transamerica
AEGON Capital Management Inc.
5000 Yonge Street
Toronto, Ontario M2N 7J8
1-800-983-6439
Is a related company to Transamerica
AEGON Fund Management Inc.
CI Investments Inc.
Fidelity Investments Canada ULC
Franklin Templeton Investments
TD Asset Management Inc.
500 – 5000 Yonge Street
Toronto, Ontario M2N 7J8
1-866-imaxx-go (462- 9946)
CI Place
2 Queen Street East, 20th Floor
Toronto, Ontario M5C 3G7
1-800-268-9374
483 Bay Street, Suite 200
Toronto, Ontario M5G 2N7
1-800-263-4077
5000 Yonge Street, Suite 900
Toronto, Ontario M2N 0A7
1-800-387-0830 English
1-800-897-7281 French
P.O. Box 100
TD Tower, Toronto-Dominion Centre
Toronto, Ontario M5K 1G8
1-866-222-3456 English
1-800-895-4463 French
1-800-387-2828 Asian
Is a related company to Transamerica
Not related in any way to Transamerica
Not related in any way to Transamerica
Not related in any way to Transamerica
Not related in any way to Transamerica
113

Appendix C – Principal Risks of the Funds
The following table lists the principal risks which may be applicable to the underlying investments of the funds. Please refer to “The Risks of Investing in
Segregated Funds” in the Information Folder section 8.1.6 for descriptions of these principal risks.
Risks
Transamerica
Canadian Money
Market GIF
Transamerica
Canadian
Bond GIF
Segregated Fund
Transamerica
TD Income
Advantage GIF
Transamerica
Canadian
Balanced GIF
Transamerica
Canadian Fixed
Pay GIF
Cash Risk * * * * *
Capital Depreciation * *
Commodity *
Concentration *
Credit * * * * *
Depository Receipt
Derivative * * * * *
Emerging Markets
Equity * * *
ETF
Foreign Currency * * *
Foreign Investment * * * *
Income Trust & Limited Partnership * * *
Index
Interest Rate * * * * *
Large Investor * * * * *
Liquidity * * * *
Low Rate or Unrated Securities * * *
Mortgage-Backed & Asset Backed Securities * * * *
Multi-Class or Series * * * * *
Municipal Obligation * *
Passive Management
Repurchase & Reverse Repurchase Agreements * * * * *
Securities Lending * * * * *
Small Fund
Small Company
Specialization * *
Short Selling
Target-Date
Tax Change * * * * *
Tracking *
Underlying Fund *
114

Appendix C – Principal Risks of the Funds continued
Risks
Transamerica
Canadian Short-
Term Bond GIF
Transamerica
Fidelity Canadian
Balanced GIF
Segregated Fund
Transamerica
Fidelity Canadian
Asset Allocation GIF
Transamerica
TD Dividend
Balanced GIP
Transamerica
TD Dividend
Income GIF
Transamerica
Canadian
Equity GIF
Cash Risk * * * * * *
Capital Depreciation * *
Commodity * * *
Concentration * * * *
Credit * * * * * *
Depository Receipt * *
Derivative * * * * * *
Emerging Markets *
Equity * * * * *
ETF * *
Foreign Currency * * * *
Foreign Investment * * * * * *
Income Trust & Limited Partnership * * * * *
Index
Interest Rate * * * * * *
Large Investor * * * * * *
Liquidity * * * * *
Low Rate or Unrated Securities * * * *
Mortgage-Backed & Asset Backed
Securities
* * * * *
Multi-Class or Series * * * * * *
Municipal Obligation * *
Passive Management *
Repurchase & Reverse Repurchase
Agreements
* * * *
Securities Lending * * * *
Small Fund
Small Company * * *
Specialization * * *
Short Selling
Target-Date
Tax Change * * * * * *
Tracking * * * *
Underlying Fund * * * *
115

Appendix C – Principal Risks of the Funds continued
Risks
Transamerica
Canadian Large
Cap Index GIF
Transamerica
U.S. Equity
Index GIF
Segregated Fund
Transamerica
Global Growth GIF
Transamerica CI
Conservative GIP
Transamerica
CI Canadian
Balanced GIP
Cash Risk * * * * *
Capital Depreciation * *
Commodity
Concentration *
Credit * * * * *
Depository Receipt * * *
Derivative * * * * *
Emerging Markets * *
Equity * * * * *
ETF * * *
Foreign Currency * * *
Foreign Investment * * * *
Income Trust & Limited Partnership * * *
Index * *
Interest Rate * * * * *
Large Investor * * * * *
Liquidity *
Low Rate or Unrated Securities * * *
Mortgage-Backed & Asset Backed Securities * *
Multi-Class or Series * * * * *
Municipal Obligation * * *
Passive Management * *
Repurchase & Reverse Repurchase Agreements * * *
Securities Lending * * *
Small Fund * * *
Small Company * * *
Specialization * *
Short Selling * *
Target-Date
Tax Change * * * * *
Tracking * * * *
Underlying Fund * *
116

Appendix C – Principal Risks of the Funds continued
Risks
Transamerica
CI Balanced
GIP
Transamerica
CI Growth
GIP
Transamerica
CI Maximum
Growth GIP
Segregated Fund
Transamerica
Quotential
Balanced
Income GIF
Transamerica
Quotential
Balanced
Growth GIF
Transamerica
Quotential
Growth GIF
Cash Risk * * * * * *
Capital Depreciation * * *
Commodity * *
Concentration
Credit * * * * * *
Depository Receipt * * *
Derivative * * * * * *
Emerging Markets * * * * * *
Equity * * * * * *
ETF * * *
Foreign Currency * * * * * *
Foreign Investment * * * * * *
Income Trust & Limited Partnership * * * * * *
Index
Interest Rate * * * * * *
Large Investor * * * * * *
Liquidity * * *
Low Rate or Unrated Securities * * * * * *
Mortgage-Backed & Asset Backed Securities * * * * * *
Multi-Class or Series * * * * * *
Municipal Obligation * * *
Passive Management * * *
Repurchase & Reverse Repurchase
Agreements
* * * * * *
Securities Lending * * * * * *
Small Fund
Small Company * * * * * *
Specialization
Short Selling * * *
Target-Date
Tax Change * * * * * *
Tracking * * * * * *
Underlying Fund * * * * * *
117

Appendix D – Transamerica Guaranteed Investment Fund Fees
Fund Fees
The following table lists the Fund codes, Annual Fund Management Fee*, the Current Insurance Fee, the Maximum Insurance Fee** and the Management
Expense Ratio***.
Transamerica GIF Segregated Fund Name
Fund Codes
Annual Fund
Management
Fee*
Current
Insurance
Fee
Maximum
Insurance
Fee**
Management
Expense Ratio
(MER)***
DSC ISC Fees do not include applicable taxes
Money Market & Fixed Income
Transamerica Canadian Money Market GIF TLC1000 TLC1001 1.15% 0.05% 0.55% 0.99%
Transamerica Canadian Bond GIF TLC1002 TLC1003 1.50% 0.20% 0.70% 2.26%
Transamerica TD Income Advantage GIF TLC1056 TLC1057 2.10% 0.30% 0.80% 3.04%
Transamerica Canadian Short-Term Bond GIF TLC1100 TLC1101 1.25% 0.10% 0.60% 1.93
Canadian Balanced
Transamerica Canadian Balanced GIF TLC1004 TLC1005 1.80% 0.55% 1.05% 2.96%
Transamerica Canadian Fixed Pay GIF TLC1012 TLC1013 2.05% 0.70% 1.20% 3.44%
Transamerica Fidelity Canadian Balanced GIF TLC1086 TLC1087 2.10% 0.60% 1.10% 3.32%
Transamerica Fidelity Canadian Asset Allocation GIF TLC1092 TLC1093 2.15% 0.60% 1.10% 3.41%
Transamerica TD Dividend Balanced GIP TLC1058 TLC1059 2.10% 0.40% 0.90% 3.13%
Transamerica TD Dividend Income GIF TLC1062 TLC1063 2.10% 0.70% 1.20% 3.49%
Canadian Equity
Transamerica Canadian Equity GIF TLC1014 TLC1015 2.00% 0.80% 1.30% 3.47%
Transamerica Canadian Large Cap Index GIF TLC1024 TLC1025 1.90% 0.85% 1.35% 3.43%
U.S. Equity
Transamerica U.S. Equity Index GIF TLC1026 TLC1027 1.90% 0.85% 1.35% 3.31%
Global Equity
Transamerica Global Growth GIF TLC1028 TLC1029 1.92% 0.90% 1.40% 3.36%
Asset Allocation Portfolios
Transamerica CI Conservative GIP TLC1040 TLC1041 2.10% 0.40% 0.90% 3.06%
Transamerica CI Canadian Balanced GIP TLC1042 TLC1043 2.10% 0.45% 0.95% 3.18%
Transamerica CI Balanced GIP TLC1044 TLC1045 2.20% 0.55% 1.05% 3.38%
Transamerica CI Growth GIP TLC1046 TLC1047 2.20% 0.60% 1.10% 3.50%
Transamerica CI Maximum Growth GIP TLC1048 TLC1049 2.25% 0.80% 1.30% 3.77%
Transamerica Quotential Balanced Income GIF TLC1064 TLC1065 2.18% 0.50% 1.00% 3.33%
Transamerica Quotential Balanced Growth GIF TLC1066 TLC1067 2.18% 0.55% 1.05% 3.33%
Transamerica Quotential Growth GIF TLC1070 TLC1071 2.18% 0.60% 1.10% 3.43%
* Subject to the fundamental change rule we may change the management fee for any fund by sending you written notice of the change at least 60 days in advance. Please see
section 14.2 Fundamental Changes and Other Changes of the Information Folder for more information.
** We may change the insurance fee amount of a fund up to the maximum insurance fee of the fund without prior notification. We will let you know annually if any such increase
occurs. If the maximum insurance fee of the fund is increased, we will provide you with at least 60 days advance notice and you will have the rights outlined under section 14.2
Fundamental Changes and Other Changes of the Information Folder.
*** Management expense ratios are based on the December 31, 2012 audited values and are comprised of the current management fee, the current insurance fee, the previous year’s
actual annualized operating expenses including applicable taxes. MERs for 2013 will be available on our website (www.transamerica.ca) or upon request when the 2013 annual
financial statements are published.
118

NOTES

NOTES

NOTES

NOTES

500 – 5000 Yonge Street
Toronto, Ontario M2N 7J8
www.transamerica.ca
Any amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) and may increase or decrease in value.
TM
Trademarks of Aegon Canada ULC &/or its affiliates.
®
Aegon and the Aegon logo are registered trademarks of Aegon N.V. Aegon Canada ULC and its affiliated companies are licensed to use such marks.
®
Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks. IP1300 12/13