imaxx™ Guaranteed Investment Funds - Transamerica Life Canada

Effective January 2014imaxx Guaranteed Investment FundsInformation FolderThis Information Folder is not complete without the Fund Facts.

TRANSAMERICA LIFE CANADATRANSAMERICA INVESTMENT PORTFOLIO IIINFORMATION FOLDER AND ANNUITY POLICYAny amount that is allocated to a segregated fund isinvested at the risk of the contract holder(s) and mayincrease or decrease in value.This information folder is published for information purposes and is not a Contract. For the terms of the Transamerica InvestmentPortfolio Contract, please consult the Annuity Policy. This folder should be read in conjunction with the Transamerica InvestmentPortfolio Fund Facts. Transamerica Life Canada is the sole issuer of the Transamerica Investment Portfolio Contract and theprovider of the guarantees under the Contract.

Transamerica Life Canada hereby certifies that this Information Folder provides brief and plain disclosure of all material factsrelating to the Transamerica Investment Portfolio II annuity contract.Certified on behalf of Transamerica Life Canada by:Douglas W. BrooksPresident and Chief Executive OfficerGlenn DanielsCorporate Secretary

Table of Contents continuedHow to invest in imaxxGIFs .............................21How we calculate the value of your investmentin an imaxxGIF ...............................................21Valuation date ............................................21Market value of imaxxGIF Assets ...........................21imaxxGIF classes.........................................21imaxxGIF unit value. ......................................21The value of your investment in an imaxxGIF ..................21Submitting a request for deposit, transfer or withdrawal ................22The effective date of your request ................................22Number of contracts ...........................................22Deposits .....................................................22Scheduled Pre-Authorized Chequing. ..........................23Minimum and maximum deposits .................................23Minimum guaranteed amount ....................................23Deposit sales charge options ....................................23Processing your deposit.........................................23Transfers.....................................................24Transfers to another imaxxGIF(s) ............................24Withdrawals..................................................24Processing a withdrawal. ...................................25Example of a withdrawal ...................................25The Deferred Sales Charge ......................................2610% free withdrawal privilege ...................................26Large total value contracts rule for deposits andfund transfers.................................................26Fundamental changes ..........................................27Fees and expenses.............................................27Management fee..........................................27Operating expenses........................................28Allocating expenses among the classes. .......................28Management Expense Ratio. ................................28Other investor charges and fees. .............................28Termination of Contract .........................................28Compensation of distributors ....................................28imaxx TM Guaranteed Investment Funds (GIFs) ..........29The Investment Options.........................................29What is a Segregated Fund? .....................................29imaxx Guaranteed Investment Funds ..............................29imaxx Guaranteed Investment Portfolios ...........................30Derivatives and their permissible use. .............................30The Risks of Investing in Segregated Funds .........................30Additional investment policies of the imaxxGIFs .....................35Fund earnings ............................................35Fund investments and eligibility for investment by a registered plan .....35Changes to investment objective, policy, and restrictions ..............36Availability of imaxxGIFs ........................................36Other important information .........................37Claims of creditors.............................................37Tax implications ...............................................37Tax status of the imaxxGIFs ....................................38Limitation of Actions ...........................................38Marketing Statement. .................................39Organization and management of the imaxxGIFs....................39Fund Manager ............................................39Portfolio Advisors .........................................39Investment Management of the Funds.........................39Custodian................................................39Auditor..................................................39Other disclosure ..........................................39Transamerica Investment Portfolio TM IIAnnuity Policy ............................................41Transamerica Investment Portfolio TM II RetirementSavings Plan Endorsement...............................59Transamerica Investment Portfolio TM II RetirementIncome Fund Endorsement ...............................63Fund facts ................................................67How to read AN imaxxGIF Fund Facts ......................68Money Market and Fixed IncomeTransamerica Canadian Money Market GIF – imaxxGIF................71Transamerica Canadian Bond GIF – imaxxGIF........................74Transamerica TD Income Advantage GIF – imaxxGIF ..................77Transamerica Canadian Short-Term Bond GIF – imaxxGIF ..............80Canadian BalancedTransamerica Canadian Balanced GIF – imaxxGIF ....................83Transamerica Canadian Fixed Pay GIF – imaxxGIF ....................86Transamerica Fidelity Canadian Balanced GIF – imaxxGIF..............89Transamerica Fidelity Canadian Asset Allocation GIF – imaxxGIF ........92Transamerica TD Dividend Balanced GIP – imaxxGIF..................95Transamerica TD Dividend Income GIF – imaxxGIF ...................98

Table of Contents continuedCanadian EquityTransamerica Canadian Equity GIF – imaxxGIF. .....................101Asset Allocation PortfoliosTransamerica CI Conservative GIP – imaxxGIF ......................104Transamerica CI Canadian Balanced GIP – imaxxGIF .................107Transamerica CI Balanced GIP – imaxxGIF .........................110Transamerica CI Growth GIP – imaxxGIF. ..........................113Transamerica CI Maximum Growth GIP – imaxxGIF ..................116Transamerica Quotential Balanced Income GIF – imaxxGIF ............119Transamerica Quotential Balanced Growth GIF – imaxxGIF. ...........122Transamerica Quotential Growth GIF – imaxxGIF ....................125Appendix A – Investment Objectives andInvestment Policies of the Funds .......................128Appendix B – Underlying Fund and Fund CompanyInformation..............................................134Appendix C – Principal Risks of the Funds ...............138Appendix D – imaxx Guaranteed InvestmentFund Fees.................................................142

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Transamerica Investment Portfolio tm II Information FolderThe Purpose of this Information FolderThis Information Folder is not a policy or a contract—it explains thefeatures of your contract. This folder does not confer any rights onyou or any obligations on us.The italicized terms in this Information Folder are defined in theAnnuity Policy.Key facts about imaxx TM Guaranteed InvestmentFunds (GIFs)This summary briefly describes the basic things you should knowbefore you apply for this individual variable insurance contract. Thissummary is not your contract. A full description of all the featuresand how they work is contained in this Information Folder and yourcontract. Review these documents and discuss any questions you havewith your advisor.All page numbers are references to the Information Folder.What am I getting?You are applying for an insurance contract between you andTransamerica Life Canada. It gives you a choice of investments andguarantees.You can:Choose investment optionsName a person to receive the death benefitName a person to own the contract after your deathName yourself or another person to be the annuitantReceive regular payments now or later, depending on your age, if youhold your contract as a RIF or similar registered planThe choices you make may affect your taxes and guarantees. Ask youradvisor to help you make these choices.The value of your contract can go up or down subject tothe guarantees. The guarantees provide some protection for yourinvestment. Please see page 9, imaxx TM GIF Guarantee Optionsfor details.What guarantees are available?Your contract has maturity and death benefit guarantees. The benefitsare based on the age and life of the annuitant. The guaranteesprovide some protection for your investments. You can also get addedprotection from an annual death benefit reset.You pay fees for this protection. The fees are explained under HowMuch Will It Cost?Any withdrawals you make will reduce the guarantees. Pleasesee page 9, imaxx TM GIF Guarantee Options.Contract Maturity BenefitThis guarantee protects the value of your investment on December 31 stof the year the annuitant turns 100, unless the annuitant dies first. Onthis date, depending on which guarantee option is chosen, you willreceive the greater of:The market value of the maturing funds, and75% of the money you put into the maturing funds, less proportionalwithdrawal(s);orThe market value of the maturing funds, and100% of the money you put into the maturing funds, lessproportional withdrawal(s).Deposit Maturity BenefitThis guarantee protects the value of your investment at specific datesin the future. These dates are explained in this Information Folderunder the ‘Deposit Maturity Date’ heading, page 12. If you makeinvestments on more than one date, different maturity guarantees willapply. On these dates, and depending on which guarantee option ischosen, you will receive the greater of:The market value of the maturing funds, and75% of the money you put into the maturing funds,less proportional withdrawal(s);orThe market value of the maturing funds, and100% of the money you put into the maturing funds,less proportional withdrawal(s).Death BenefitThis guarantee protects the value of your investment if you die duringthe term of the contract (if you are the annuitant). The benefit is paid tosomeone you name.The death benefit applies if you die before the contract maturity date.Depending on which death guarantee option you choose, it pays thegreater of:The market value of the funds, and75% of the money you put in the funds, less proportionalwithdrawal(s);orThe market value of the funds, and100% of the money you put in the funds, less proportionalwithdrawal(s).The Death Guaranteed Amount is automatically reset to the marketvalue, if higher, on each policy anniversary date until the day prior tothe annuitant’s 81 st birthday.1

For full details about how these guarantees work, see pages 15 imaxxContract Maturity Benefit, 17 imaxx Death Benefit and 20, Example ofReset of the Death Guaranteed Amount in this Information Folder.What investments are available?You can invest in segregated funds. We explain the segregated fundoptions in the Fund Facts section of the Information Folder.Transamerica Life Canada guarantees the maturity and death benefits.Transamerica Life Canada does not guarantee the performance of thesegregated funds. Carefully consider your tolerance for risk when youselect an investment option.Your investment may go up or down.How much will it cost?The funds you choose, the number of transactions you request and thesales charge options you select affect your costs.You can choose up-front (initial) or deferred sales charges. For fulldetails see page 23, Deposit Sales Charge Options.Fees and expenses are deducted from the segregated funds. The feespay for the insurance benefits including resets, the management ofthe funds and taxes. Management Expense Ratios (MERs) express thepercentage of the segregated fund used to pay for fees and expensesfor the segregated fund. The MER for each segregated fund is set outin the Fund Facts.If you make certain transactions or other requests, you may be chargedseparately for them. These include withdrawals, early withdrawals,early transfers or more than four transfers per year.Please see page 27, Fees and Expenses for details.What can I do after I purchase this contract?If you wish, you can do any of the following:Transfers: You may transfer from one fund to another within the sameguarantee option. See page 24, Transfers for details.Withdrawals: You can withdraw money from your contract. If youdecide to withdraw money, this will affect your guarantees. You mayalso need to pay a fee and taxes. See page 24, Withdrawals fordetails.Deposit: You may make lump-sum or regular investments allowed byyour registered plan rules. See page 22, Deposits for details.Pay-out annuity: On the date your contract matures, you may select apayout annuity. Unless you select another option, we will start makingpayments to you. See page 15 imaxx TM Contract Maturity Benefit.Certain restrictions and other conditions may apply. Review thecontract for your rights and obligations and discuss any questions withyour advisor.What information will I receive about my contract?We will inform you of the value of your investments and thetransactions you made at least once a year.We print audited annual financial statements and unauditedsemi-annual financial statements for the funds. These are available onour website or you can request a copy by contacting us.The current fund information can be found in the Fund Facts pages onour www.transamerica.ca website after the audited annual segregatedfund financial statements are made available.Can I change my mind?Yes, you can:Cancel the contractCancel any deposit you make, orCancel fund allocation decisions.To do any of these, you must tell us in writing within two business daysof the earlier of:The date you received confirmation, andFive 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 amountinvested 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 transfer, theright to cancel only applies to that transaction.For more information, see page 6, Rescission Rights.Where can I get more information?You may call us at 1-800-PYRAMID (797-2643) or send us ane-mail to ipservices@transamerica.ca. Information about ourcompany and the products and services we provide is on our website atwww.transamerica.ca.If you live in the Province of Quebec, you may also contactAutorité des marchés financiers (Centre d’information) Place dela cité, Tour Cominar, 2640 boul. Laurier, Québec, G1V 5C1.Téléphone : Montréal : (514) 395-0337, Québec : (418) 525-337,Toll Free: 1 877-525-0337 or www.lautorite.qc.ca.For information about issues you are unable to resolve with yourinsurer, contact the OmbudService for Life and Health Insurance at1-800-268-8099 or on the internet at www.olhi.ca.For information about additional protection available for all lifeinsurance contract holders, contact Assuris, a company established bythe Canadian life insurance industry. See www.assuris.ca for details.2

For information regarding how to contact the insurance regulatorin your province visit the Canadian Council of Insurance Regulatorswebsite at www.ccir-ccrra.org.Any amount that is allocated to a fund is invested at the risk ofthe Owner and may increase or decrease in value.Summary of main contract featuresThe following table summarizes the main features of the imaxx TM Guaranteed Investment Funds Contract.Plan typesimaxxGIFGuarantee OptionsDeposit Maturity Date(DMD)Contract Maturity Dateimaxx DepositMaturity Benefitand imaxx ContractMaturity Benefit*imaxx Death Benefit*Reset of imaxxDeath Benefit*Deposits• Registered:• retirement savings plan (RSP, including spousal RSP)• locked-in retirement account (LIRA)• locked-in retirement savings plan (locked-in RSP)• restricted locked-in savings plan (RLSP)1. Class A Units: 75% Guarantee Option(75% Maturity/75% Death)2. Class B Units: 75/100% Guarantee Option( 75% Maturity/100% Death)3. Class C Units: 100/100% Guarantee Option(100% Maturity/100% Death)19 funds19 funds10 fundsSelection of Canadian equity, Balanced fixedincome and portfolio funds. Daily valuation.Is the date on which;(a) the imaxx deposit maturity benefit is applicable and(b) the guaranteed amount for the purposes of calculating the imaxx death benefit is calculated.Each deposit year of your contract is deemed to have a DMD, which occurs on the day before the tenth anniversaryof the beginning of such deposit year. All deposits made by you to your contract during a specific deposit year aredeemed to have the same DMD. The first DMD will be the day before the tenth anniversary of the contract date.• Your contract matures on this date• Date of which the Contract Maturity Benefit is calculated• The first valuation date which occurs on or after December 31 of the year in which the annuitant turns100 years of age (some exception apply to LIRA/LIFs).• imaxx Deposit Maturity Benefit : Is calculated on the deposit maturity date.• imaxx Contract Maturity Benefit: Is calculated on the contract maturity date.• 2 choices: 75% or 100%• Is payable if the annuitant dies prior to the contract maturity date.• 2 choices: 75% or 100%• Automatic reset of the Death Guaranteed Amount• Triggered on each anniversary of the contract until annuitant’s 81 st birthday.• Available for Class A, B and C UnitsYou may make deposits under your contract at any time before:• the 10 years prior to the contract maturity date, or• the death of the annuitant, or• the annuitant’s 81 st birthdaywhichever comes first. There are certain other restrictions on making deposits.• restricted life income fund (RLIF)• retirement income fund (RIF)• life income fund (LIF)• prescribed retirement income fund (PRIF)Page 7Page 9Page 12Page 8Page 12and 15Page 17Page 19Page 223

Minimum/MaximumdepositFund transfersWithdrawalsDeposit salescharge optionsFundamental ChangesManagement feeand expensesFinancial informationabout the Funds*proportionally decreased by withdrawals and fees• Minimum• RIF/LIF/PRIF/RLIF: $10,000• $250 per fund• additional deposits $100 per Fund• Maximum• $500,000 per calendar year without written consent• subject to the large total value contract rule• 4 free transfers per calendar year• Must be within same guarantee and sales charge options• 1% fee on the amount transferred for the fifth and subsequent transfers in the same calendar year• Subject to the large total value contract rule• DSC fee may apply if purchased under a DSC option• 10% free withdrawal privilege for partial withdrawals (annual no-charge surrender on DSC unit purchases)You have 2 options:Initial Sales Charge (ISC): You negotiate the sales charge with your advisor of up to 5% of the amount of yourinvestment. This amount will be deducted from your investment before units are allocated to your contract.Deferred Sales Charge (DSC): You pay no sales charge to your advisor at the time of deposit. Instead, you agreeto pay a fee to us if you withdraw money against these units within six years of the effective date of deposit.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• if applicable, an increase in the maximum insurance fee limit of a fund. (currently not applicable as the cost ofproviding insurance benefits is included in the management fee.)• a fund closure and transfer to or merger with another fund that would cause any of the above events relative tothe original fund.• Vary between funds and classes• Deducted from imaxxGIF assets• Management fees and operating expenses vary for each fund and are incorporated in the Management ExpenseRatio (MER)• Where the fund invests in an underlying fund(s), the management fee and the MER of the fund includes thecorresponding management fee and the MER of the underlying fund(s), and there is no duplication of fees forthe same service.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 availableupon 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.Page 23Page 24Page 26Page 24Page 23Page 26Page 27Page 27Page 54

CommunicationsGeneral InformationIn this Information Folder, “you”, “your” and “owner” mean theperson who is the owner of the contract or holder of rights under thecontract. “We”, “our”, “us”, “Transamerica” and the “Company” meanTransamerica Life Canada. Transamerica is a life insurance companyestablished under federal legislation. Transamerica Life Canadaprovides Canadians with innovative life insurance and investmentproducts and services. Through a national network of independentadvisors, Transamerica creates better futures for stakeholders throughour core values: Respect, Quality, Transparency and Trust.Transamerica Life Canada is one of Canada’s leading individuallife insurance providers, with over $10 billion in total assets undermanagement and total gross premium revenue of $805 million in 2012.We offer innovative and flexible life and protection products, servicesand solutions geared to Canadians at every stage of life through anational network of independent advisors.With headquarters in Toronto, Transamerica Life Canada has officesin Vancouver, Calgary, London and Montreal. We provide challengingand rewarding careers in the continually evolving financial servicesindustry and have a commitment to developing talent. We also have astrong commitment to giving back to the communities in which we liveand work through multiple programs. Most notable are: in the spiritof hope which is designed to providing funding to charities that arededicated to the prevention and elimination of heart disease, stroke,cancer and diabetes; the Employee Initiative program through whichthe organization contributes to charities our employees support; andour year-round commitment to raising funds for the United Way.Please visit www.transamerica.ca to learn more aboutTransamerica Life Canada.Correspondence you will receive from usWhen we say “we will notify you,” we mean that we will send awritten notice to your last known address as shown in our files. Fromtime to time we will notify you of important information or requestyour instructions. It is important for you to notify us if your addresschanges to ensure you receive information about your policy. We arenot responsible for any missed opportunities or losses resulting fromyour address not being kept up to date. Where the contract is held innominee name, our correspondence to you may be directed to a thirdparty 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 fundsavailable within the contract,upon request, semi-annual unaudited financial statements for thefunds available within the contract,notices under the terms of the contract, where applicable, andupon request, copies of the Simplified Prospectus, Annual InformationForm and audited Financial Statements of the uderlying funds.The annual audited and semi-annual unaudited financial statements forthe funds with current information such as the management expenseratio are available at any time on our website (www.transamerica.ca),or you may request a copy of the financial statements by writing to usat the above address.You may also request a copy of a fund’s current performance and thecorresponding Fund Facts pages by writing to us at the above address,or accessing our website at (www.transamerica.ca).Giving us your instructionsWhen we ask you to “notify us in writing,” please send yourcorrespondence to our head office at: Transamerica Life Canada,500 – 5000 Yonge Street, Toronto, Ontario, M2N 7J8.5

How the Contract WorksGeneralThe Transamerica Investment Portfolio II annuity contract is an insurancecontract–known as an individual variable annuity contract–based on thelife of a person, designated by you, to be the annuitant. The contractis an annuity contract because at the contract maturity date and incertain other circumstances, an annuity may be issued on the life of theannuitant. If you choose to register your plan, the endorsements whichwill be attached to your contract override the provisions of your contractthat are inconsistent with the endorsements.Your ContractYour contract with us consists of the attached Transamerica InvestmentPortfolio II Annuity Policy, any endorsements or riders incorporatedby reference into the Annuity Policy at the time of its issue, theconfirmation notice issued by us with respect to the first depositreceived under the policy, any subsequent confirmation notices issuedby us, the application and any amendments to the foregoing documentsagreed to by us in writing after the date that your contract is issued.The following information presented in the Fund Fact documents alsoforms part of the contract:Name of the contract and the segregated fundsManagement Expense Ratio, fees and expensesRisk disclosureRight to cancelThe Fund Fact documents are in the Information Folder and are alsoavailable on our website at www.transamerica.ca. The informationprovided in the Fund Facts is accurate and complies with therequirements of the Individual Variable Insurance Contract Guideline asof the date the information was prepared. Any error in the Fund Factsinformation 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(transfer) in accordance with the rules described below in‘Rescission Rights’.Rescission RightsYou may cancel the contract, any deposit(s) or any fund allocation(transfer) provided you send us written notice requesting thecancellation within two business days of the earlier of (i) the date youreceive the transaction confirmation and (ii) five business days after itis 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 berefunded to you.(b) an allocation between funds (transfer), the value of the cancelledunits 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 ortransfer and(ii) the market value of the units on the valuation date your cancellationrequest was received by us.Any sales charges or other fees charged to you for the deposit ortransfer will be reversed.A cancellation of a fund transfer will include a reversal of any feesresulting from the transfer but will not be refunded in cash.A request for cancellation must clearly identify the specific transactionyou wish to cancel.Contract OwnerYou are the owner of the contract. You make all decisions relating toyour investment unless you have named an irrevocable beneficiary(see below). The owner must be a Canadian resident at the time thecontract is issued.AnnuitantThe contract maturity benefit and the death benefit under your contractare based on the life of the annuitant, designated by you on yourinitial application. The annuitant must be a Canadian resident at thetime you open your contract. If you choose to set up your contract as aregistered plan, you must be the annuitant.You may not elect a successor annuitant for registered plans unlessthe contract is issued as a RIF. If your contract is registered as aRIF, you may only elect your spouse or common-law partner as asuccessor annuitant, and, if you do so, your spouse or common-lawpartner will have, upon your death, all of your rights and interestsunder the contract.BeneficiaryYou may also designate one or more beneficiaries under your contract.The beneficiary is the person who will receive the death benefit on thedeath of the annuitant.You can designate the beneficiary as revocable or irrevocable. If youdesignate the beneficiary as irrevocable, you cannot change thedesignation without the consent of the irrevocable beneficiary. If theirrevocable beneficiary cannot give consent if, for example, he or she isa minor or an incapacitated individual then a court order may berequired to obtain consent. Subject to some exceptions you should alsonote that the consent of an irrevocable beneficiary will be required todo almost anything under your contract, such as making withdrawals orchanging the owner or annuitant. Please note that in the Province ofQuebec, the designation of your “married or civil union” spouse asbeneficiary is considered irrevocable unless a statement is expresslymade to the contrary.6

If you designate a revocable beneficiary, you may change thebeneficiary at any time by notifying us in writing. The change will beeffective when we record it.If you do not designate a beneficiary, you or your estate will receivethe death benefit under your contract on the death of the annuitant.Administrative rulesThe guidelines contained in this Information Folder reflect many of ourcurrent administrative rules. These rules, as well as any legislativeand regulatory requirements governing this contract, may change fromtime to time. As these rules and requirements change, it may affect theadministration of your contract. Please discuss your situation and ourcurrent rules with your advisor before you invest.Plan typesThis contract is available as a registered or locked-in income plan(RIF, LIF, PRIF or RLIF) for the sole purpose of transfers from contractsdesignated by Transamerica Life Canada. Registered plans are taxefficient investment vehicles and might be considered more suitable aslong term investments for retirement planning.However, there are legislative restrictions on a registered plan. Forexample, you must be the annuitant of a contract set up as a registeredplan. The endorsement for a registered plan sets out these legislativerestrictions, which override the provisions of the contract. You shouldread the endorsement and consult your advisor before you invest.The following plan types are available:Registeredretirement savings plan (RSP, including spousal RSP)*locked-in retirement account (LIRA)*locked-in retirement savings plan (locked-in RSP)*retirement income fund (RIF)life income fund (LIF)prescribed retirement income fund (PRIF)restricted locked-in savings plan (RLSP)*restricted life income fund (RLIF)In all cases, the contract is an individual variable annuity contract.*The contract is available as a RSP, LIRA, Locked-In RSP or RLSP only as a change ofregistration plan within the imaxxGIF contract, not as a new contract issue.For an RSP, the contract is registered as an RSP for tax purposes. Youpay no tax on earnings as long as they remain inside the plan. Anymoney you withdraw from the RSP is taxable in your hands. We willdeduct any required withholding tax from the amount you withdraw.On December 31 of the year in which you attain the RSP age, you maypurchase an annuity or convert to a RIF as allowed by the Income TaxAct and as described in the RSP endorsement to the contract. If, byDecember 31 of the year you attain the RSP age you have not electedto purchase an annuity, we will automatically change the registrationstatus from a RSP to a RIF.For a LIRA, locked-in RSP or RLSP the contract is registered as anRSP for tax purposes. Additional restrictions, according to applicablepensions benefits legislation, apply to the death benefit and the lifeannuity that can be provided.For a RIF, the contract is registered as a RIF for tax purposes. You payno tax on earnings as long as they remain inside the plan. Any moneyyou withdraw from the RIF is taxable in your hands. We will deductany required withholding tax from the amount you withdraw. TheRIF must pay you a minimum amount each calendar year, starting bythe end of the year after the year in which you purchase the RIF. TheRIF Minimum Amount is calculated by multiplying the closing marketvalue of the contract on December 31 st of the previous year by thepercentage determined under the Income Tax Act (Canada). Whenlegislation permits, you can elect to have the RIF minimum percentagebased on the age of your spouse or common-law partner (as the termsare defined under the Income Tax Act (Canada)). You must make thiselection at the time you purchase the contract and once this election ismade, it cannot be changed while the contract is in force.For a LIF or RLIF, the contract is registered as a RIF for tax purposes.Additional restrictions, according to applicable pension benefitslegislation, apply to the death benefit, life annuity and maximumannual amounts that may be withdrawn from the contract. You mustuse the LIF to purchase a life annuity by a certain date in somejurisdictions. Please consult your LIF endorsement and your advisor forfurther information.For a PRIF, the contract is registered as a RIF for tax purposes. Youpay no tax on earnings as long as they remain inside the plan. Anymoney you withdraw from the PRIF is taxable in your hands. We willdeduct any required withholding tax from the amount you withdraw.The PRIF must pay you a minimum amount each calendar year, startingby the end of the year after the year in which you purchase the PRIF.The PRIF Minimum Amount is calculated by multiplying the closingmarket value of the contract on December 31 st of the previous year bythe percentage determined under the Income Tax Act (Canada). Whenlegislation permits, you can elect to have the PRIF minimum percentagebased on the age of your spouse or common-law partner (as the termsare defined under the Income Tax Act (Canada)). You must make thiselection at the time you purchase the contract and once this election ismade, it cannot be changed while the contract is in force.Total contract valueYour total contract value on a valuation date is the sum of:the total fund value of the imaxxGIFs in your contract, as of thatvaluation date.See the sections entitled imaxxGIF Unit Value and Value of yourinvestment in an imaxxGIF, at page 21 for more details.7

Contract maturity dateAs its name implies, your contract matures on this date. The contractmaturity benefit will be calculated on the contract maturity date.Unless you instruct us otherwise, we will purchase an annuity on thisdate with the contract maturity benefit available under your contract.If the annuitant dies before this date, a death benefit is payable. SeeDeath benefit, page 17.The contract maturity date refers to:Contract TypeRSP, RIF, LIRA, LRSP, LIF, PRIF,RLSP and RLIFNew Brunswick LIRAand LIFNewfoundland LIRA and LIFMaturity Date*December 31 st of the year in which theAnnuitant turns 100 years of ageDecember 31 st of the year in which theAnnuitant turns 90 years of ageDecember 31 st of the year in which theAnnuitant turns 80 years of age*Subject to Transamerica’s right not to renew a reinvested deposit on the depositmaturity date, Transamerica may pay the applicable imaxx Deposit Maturity Benefitto you less any applicable charges, fees and/or taxes. If requested, payment can betransferred to another registered plan.Contract maturity date after RSP age: RSP, LIRA, RLSP,locked-in RSPIf the contract is issued as an RSP, LIRA, RLSP or locked-in RSP, thenin order to comply with tax laws, the RSP, LIRA, RLSP or locked-in RSP,as the case may be, must be converted into a life annuity on or beforeDecember 31 of the year in which you attain the RSP age. The RSP ageis 71, or the latest age to own an RSP as defined under the Income TaxAct (Canada). Since the contract maturity date for the contract fallsafter the maturity date required under tax laws that are applicableto an RSP, LIRA, RLSP or locked-in RSP, you have the option ofsurrendering your entire interest in the contract and purchasing a lifeannuity from us in accordance with the terms of the RSP, LIRA, RLSP orlocked-in RSP endorsement attached to the contract.Change of registration statusUnless you indicate otherwise prior to your RSP age, we willautomatically change the registration status of your contract from anRSP, LIRA, LRSP or RLSP to a RIF (or RLIF/LIF/PRIF, as applicable).When you complete an application for a LIRA, RLSP or locked-in RSP,we may request a spousal consent in order to facilitate such a transferto a RLIF/LIF/PRIF.If such an automatic transfer occurs, we will forward to you at thelast known address we have for you in our records, a RIF (or RLIF/LIF/PRIF, as applicable) form for completion by you. You may make certainelections in this form, including the continuation of income paymentsto your spouse if such spouse survives you and with respect to thedetermination of the minimum payment under the RIF (or RLIF/LIF/PRIF,as applicable). Please consult your advisor for more information.RIF/PRIF requirements at the contract maturity dateIf the contract is a RIF or PRIF, you must choose from one of thefollowing types of annuities:a life annuity;a joint and survivor annuity on the lives of you and your spouse;a term certain annuity (see the RIF endorsement for more details); orany other annuity permitted by the Income Tax Act at that time.Payment of the annuity fulfills our obligations under the contract in full.LIF/RLIF requirements at the contract maturity dateIf the contract is a LIF/RLIF, then you must choose an annuity thatcomplies with applicable pension legislation at the contract maturitydate. Please review the endorsement that applies to your contract withyour advisor.Payment of the annuity fulfills our obligations under the contract in full.Guaranteed BenefitsHow we keep track of your depositsWe allocate all of the deposits you make to your contract in one deposityear to an account called the deposit year account. The first deposityear is the period that begins with the contract date and ends on theday before the first anniversary date of the contract date. The contractdate is the valuation date of your initial deposit under the contract.Subsequent deposit years begin on the anniversary of the contract dateand end on the day before the next anniversary of the contract date.Example 1 Deposit Year –BeginningDeposit Year –EndingDeposit Year – 1 November 1, 2013 October 31, 2014Deposit Year – 2 November 1, 2014 October 31, 2015The deposit year account is a notional concept that allows us to keeptrack of your deposits. Your guaranteed benefits under the contract arecalculated based on deposit year accounts.Your guaranteed benefitsYour contract provides certain guaranteed benefits for your investmentin the imaxxGIFs:an imaxx deposit maturity benefitan imaxx contract maturity benefitan imaxx death benefitEach of these benefits is described in the following sections and eachrequires an understanding of the concept of “guaranteed amount”.The guaranteed amount will differ depending on which imaxxGIFguarantee option you select for your contract.8

imaxx tm GIF Guarantee OptionsWhen you allocate your deposits to imaxxGIFs, you must selectone imaxxGIF guarantee option from the three available imaxxGIFguarantee options. The selection may not be changed once the contractis issued. You may not mix or change different imaxxGIF guaranteeoptions within the same contract.1 . 75/75 Guarantee OptionThis option permits investments in the class A units in any of theimaxxGIFs, including the Transamerica CI GIPs – imaxxGIF.Deposit Maturity Guarantee75% of your total deposits allocated to the maturing deposit yearaccount (less a proportional market value reduction for withdrawals,including but not limited to the 10% free withdrawal and applicablefees) to imaxxGIFs are guaranteed on a deposit maturity date. See75% guaranteed amount, below.Contract Maturity GuaranteeThe aggregate of 75% of your deposits allocated to each deposit yearaccount (less a proportional market value reduction for withdrawals,including but not limited to the 10% free withdrawal and applicablefees) to imaxxGIFs are guaranteed on the contract maturity date. See75% guaranteed amount, below.Death GuaranteeThe aggregate of 75% of your deposits allocated to each deposit yearaccount (less a proportional market value reduction for withdrawals,including but not limited to the 10% free withdrawal and applicablefees) to imaxxGIFs are guaranteed on the death benefit date. See75% guaranteed amount, below.2 . 75/100 Guarantee OptionThis option permits investments in the class B units in any of theimaxxGIFs, including the Transamerica CI GIPs – imaxxGIF.Deposit Maturity Guarantee75% of your total deposits allocated to the maturing deposit yearaccount (less a proportional market value reduction for withdrawals,including but not limited to the 10% free withdrawal and applicablefees) to imaxxGIFs are guaranteed on a deposit maturity date. See75% guaranteed amount, below.Contract Maturity GuaranteeThe aggregate of 75% of your deposits allocated to each deposit yearaccount (less a proportional market value reduction for withdrawals,including but not limited to the 10% free withdrawal and applicablefees) to imaxxGIFs are guaranteed on the contract maturity date. See75% guaranteed amount, below.Death GuaranteeThe aggregate of 100% of your deposits allocated to each deposit yearaccount (less a proportional market value reduction for withdrawals,including but not limited to the 10% free withdrawal and applicablefees) to imaxxGIFs are guaranteed on the death benefit date. See100% guaranteed amount, below.3 . 100/100 Guarantee OptionThis option permits investments in the class C units, in some of theimaxxGIFs, as shown in Appendix D.Deposit Maturity Guarantee100% of your total deposits allocated to the maturing deposit yearaccount (less a proportional market value reduction for withdrawals,including but not limited to the 10% free withdrawal and applicablefees) to imaxxGIFs are guaranteed on a deposit maturity date. See100% guarantee amount, below.Contract Maturity GuaranteeThe aggregate of 100% of your deposits allocated to each deposit yearaccount (less a proportional market value reduction for withdrawals,including but not limited to the 10% free withdrawal and applicablefees) to imaxxGIFs are guaranteed on the contract maturity date. See100% guaranteed amount, below.Death GuaranteeThe aggregate of 100% of your deposit allocated to each deposit yearaccount (less a proportional market value reduction for withdrawals,including but not limited to the 10% free withdrawal and applicablefees) to imaxxGIFs are guaranteed on the death benefit date. See100% guaranteed amount below.9

Guaranteed AmountsThe guaranteed amount for each deposit year account in the case of (i)the 75/75 guarantee option and (ii) the imaxx deposit maturity benefitand imaxx contract maturity benefit in the 75/100 guarantee option iscalculated as follows:(a) on the effective date of your first deposit, the guaranteed amountis equal to 75% of all deposits allocated to the deposit yearaccount as of that date, and(b)on any subsequent date that we calculate your guaranteedamount, it is equal to the amount determined in accordance withthe following formula:A + (75% of B) – CThe guaranteed amount for any 75% guarantee option is called the“75% guaranteed amount”.The guaranteed amount for each deposit year account in the case of (i)the 100/100 guarantee option and (ii) the imaxx death benefit in the75/100 guarantee option is calculated as follows:(a) on the effective date of your first deposit, the guaranteed amountis equal to 100% of all deposits allocated to the deposit yearaccount as of that date, and(b)on any subsequent date that we calculate your guaranteedamount it is equal to the amount determined in accordance withthe following formula:A + (100% of B) – CThe guaranteed amount for any 100% guarantee option is called the“100% guaranteed amount”.In calculating any 75% guaranteed amount or 100% guaranteed amount,A is the guaranteed amount in respect of the deposit year accounton the last date the guaranteed amount was calculated;B is the aggregate of all deposits allocated to such deposit yearaccount since the previous date the guaranteed amount wascalculated;Cis the aggregate of all amounts each of which is determinedin accordance with the following formula in respect of eachpayment, incurred in respect of a transfer or withdrawal of units,allocated to such deposit year account since the last date theguaranteed amount was calculated:DE is the aggregate unit value of the units cancelled to affect thetransfer or withdrawal of units, determined by multiplying for eachapplicable imaxxGIF, the applicable unit value on the calculationdate by the number of units transferred or withdrawn.is the aggregate unit value of all units allocated to such deposityear account immediately prior to the transfer or withdrawal.Provided, however, that transfers between imaxxGIFs will bedeemed not to affect the guaranteed amount with the exception ofa proportional reduction in the guaranteed amount in respect of anyapplicable fees, including transfer fees.And provided further, that for each ten-year period leading to thedeposit maturity date,(i) if the 75/75 guarantee option is chosen the guaranteed amountwill in no event be less than the amount by which (A + (75% of B))exceeds C;(ii)if the 75/100 guarantee option is chosen the guaranteed amountwill in no event be less than the amount by which (A + (75% of B))exceeds C; or(iii) if the 100/100 guarantee option is chosen, the guaranteedamount will in no event be less than 75% of the amount by which(A + (100% of B)) exceeds C.such amount being calculated for 75% guaranteed amounts without adeduction of any sales charges under the initial sales charge option orto any transfer fee.To illustrate how the guaranteed amount works in a rising market,assume the following:(a) a deposit of $100,000 was allocated to the TransamericaCI Conservative GIP – imaxxGIF (ISC option) on January 2, 2014and it was the first deposit allocated to a deposit year account;(b) a withdrawal was made from the Transamerica CI Conservative GIP– imaxxGIF on July 2, 2019 (5½ years after the initial deposit) andthe aggregate market value of the units surrendered to effect suchwithdrawal was $66,000;(c) the deposit year account value immediately prior to such withdrawalwas $148,849.22 (assuming a 7.5% compounded annual growth inunit value);(d) there were no other deposits or withdrawals;(e) the imaxx deposit maturity date is December 31, 2023;(f) the 100/100 guarantee option has been chosen in the application.A x DE10

Accordingly, on January 2, 2014 the guaranteed amount wouldbe established at $100,000 and it would remain unchanged untilJuly 2, 2019, when it would decrease by an amount determinedpursuant to the formula set forth above. Under such formula,A is $100,000B is $0.00D is $66,000E is $148,849.22C = A x D or $100,000 x $66,000 or $44,340.17E $148,849.22Accordingly, the guaranteed amount immediately followingthe withdrawal would be equal to (A + 100% of B) - C or,(($100,000 + $0.00) - $44,340.17) or $55,659.83.The deposit year account value of the units immediately following thewithdrawal would be $148,849.22 - $66,000 = $82,849.22.To illustrate how the guaranteed amount works in a declining market,assume the following:(a) a deposit of $100,000 was allocated to the Transamerica CIConservative GIP – imaxxGIF (ISC option) on January 2, 2014 and itwas the first deposit allocated to a deposit year account;(b) a withdrawal was made from the Transamerica CI Conservative GIP– imaxxGIF on July 2, 2019 (5½ years after the initial deposit) andthe aggregate market value of the units surrendered to effect suchwithdrawal was $66,000;(c) the deposit year account value immediately prior to such withdrawalwas $89,483.59 (assuming a 2% compounded annual rate of declinein unit value);(d) there were no other deposits or withdrawals;(e) the imaxx deposit maturity date is December 31, 2023;(f) the 100/100 guarantee option has been chosen in the application.Accordingly, on January 2, 2014, the guaranteed amount wouldbe established at $100,000 and it would remain unchanged untilJuly 2, 2019, when it would decrease by an amount determinedpursuant to the formula set forth above. Under such formula,A is $100,000.00B is $0.00D is $66,000.00E is $89,483.59C = A x D or $100,000 x $66,000 or $73,756.54E $89,483.59Accordingly, the guaranteed amount immediately following thewithdrawal would be equal to (A + 100% of B) - C or, (($100,000 +$0.00) - $73,756.54) or $26,243.46.The deposit year account value of the units immediately following thewithdrawal would be $89,483.59 - $66,000 = $23,483.59.Actual unit values may increase or decrease accordingto fluctuations in the market value of the assets of theparticular fund.Please consider that when the market value of the Unitswithdrawn is lower than the original purchase price ofthe Units withdrawn, the proportional reduction due to thewithdrawal will reduce the Guaranteed Amount by more thanthe actual amount of the withdrawal.11

Deposit Maturity DateA deposit maturity date is the date on which an;(a)(b)imaxx deposit maturity benefit is applicable andthe guaranteed amount for the purposes of calculating the imaxxdeath benefit (the “Death Guaranteed Amount”) is calculatedEach deposit year of your contract is deemed to have a depositmaturity date, which occurs on the day before the tenth anniversary ofthe beginning of such deposit year, unless the deposit maturity datewould occur within ten years of the contract maturity date in whichcase the deposit maturity date will occur on the contract maturity date.All deposits made by you to your contract during a specific deposityear are deemed to have the same deposit maturity date. The firstdeposit maturity date will be the day before the tenth anniversary ofthe contract date.(a) imaxx TM Deposit Maturity BenefitYou will only receive an imaxx deposit maturity benefit if theannuitant is living on the deposit maturity date and the contract hasnot matured.On a deposit maturity date, you are entitled to receive an imaxxdeposit maturity benefit, which is equal to:In the case of the 75/75 guarantee option and the 75/100 guaranteeoption, the greater of:(i) the 75% guaranteed amount of the deposit year account as at thedeposit maturity date, and(ii) the total unit value of all units in the deposit year account atsuch time.In the case of the 100/100 guarantee option, the greater of:(i) the 100% guaranteed amount of the deposit year account as at thedeposit maturity date, and(ii) the total unit value of all units in the deposit year account atsuch time.If the 75% or the 100% guaranteed amount of the deposit year accountas at the deposit maturity date, is greater than the total fund value(i.e. market value of the units) at such time, Transamerica will pay thedifference. The difference is called the “top-up benefit”.We reserve the right not to renew your deposit on the depositmaturity date. In this case, we will pay the imaxx depositmaturity benefit to you less any applicable charges or taxes.A. Cash paymentTo receive the cash payment, you will have to notify us of yourintention before the deposit maturity date. If you have requested a cashpayment, we will pay the applicable imaxx deposit maturity benefitto you less any applicable tax amounts required to be withheld andcharges, if any.The payment of any cash amount(s) will proportionally reduce yourguaranteed amount.B. ReinvestmentIf you do not request a cash payment, Transamerica will automaticallyreinvest the deposit maturity benefit.B.1. Operation of the reinvestmentOn the first valuation date immediately following the depositmaturity date,(a) the units of the deposit year account that has reached the depositmaturity date (the “matured deposit year account”) will bewithdrawn and that matured deposit year account will be closed(b) the amount to be reinvested will be deposited in a new deposityear account.(i) the top-up benefit, if any, will be deposited into the TransamericaMoney Market GIF – imaxxGIF fund in the same guarantee optionas the GIF for which a top-up is being paid on your behalf. If theTransamerica Money Market GIF – imaxxGIF is not available atthat time, we will deposit the top-up benefit to another imaxxGIFdesignated by us. The top-up benefit, when paid by us to you inaccordance with your instructions and subject to our then currentadministrative rules, may be considered capital for tax purposes.See Tax Implications, page 37. You should consult your advisor if youhave questions about this benefit.(ii) the deposit maturity benefit, except for the top-up benefit, willbe reinvested into the same GIF unit allocations applicable to thematuring deposit year account.(iii) No ISC or DSC will apply to reinvested amounts or top-up benefitsB.2. Effect of the reinvestmentAny amount reinvested will constitute a first deposit for purposes ofcalculating the guaranteed amount for the applicable deposit year.The “old” deposit year account from which the reinvested amountoriginates will disappear. Units purchased using reinvested amountswill not be subject to DSC charges.Payment or reinvestment of imaxx depositmaturity benefitYou have 2 options regarding the imaxx deposit maturity benefit:A. request a cash payment of the imaxx deposit maturity benefit; orB. reinvest the imaxx deposit maturity benefit.12

Example:Owner/annuitant deposits $10,000 on June 10, 2014. This deposit is made to deposit year A: June 10, 2014 – June 9, 2015.The deposit maturity date for deposit year A commencing June 10, 2014 is June 9, 2024.On June 9, 2024, the owner/annuitant chooses to reinvest the imaxx Deposit Maturity Benefit. This deposit is made to deposit year Bcommencing June 10, 2024. Deposit year B commencing June 10, 2024 will therefore mature on June 9, 2034.Assuming that the owner/annuitant is living at the time of the deposit maturity date of the deposit years and no deposits/withdrawals haveoccurred, the following charts will show how the imaxx Deposit Maturity Benefit will be invested in an up market and in a down market. Chart 1deals with the 75/75 Guarantee Option, Chart 2 addresses the 75/100 Guarantee Option and Chart 3 addresses the 100/100 Guarantee Option.Chart 1 – 75/75 Guarantee OptionDeposit Year “A” Commencing June 10, 2014 UP MARKET DOWN MARKETDeposit $10,000 $10,000imaxx Deposit Maturity Benefit $7,500 $7,50075% Death Guaranteed Amount $7,500 $7,500Total market value of all units in Deposit Year A as of June 9, 2024 (Amount that is reinvested) $12,000 $6,000Deposit Year “B” Commencing June 10, 2024imaxx Deposit Maturity Benefit from Deposit Year A reinvested to Deposit Year B $12,000 $7,500imaxx Deposit Maturity Benefit $9,000 $5,62575% Death Guaranteed Amount $9,000 $5,625Chart 2 – 75/100 Guarantee OptionDeposit Year “A” Commencing June 10, 2014 UP MARKET DOWN MARKETDeposit $10,000 $10,000imaxx Deposit Maturity Benefit $7,500 $7,500100% Death Guaranteed Amount $10,000 $10,000Total market value of all units in Deposit Year A as of June 9, 2024 (Amount that is reinvested) $12,000 $6,000Deposit Year “B” Commencing June 10, 2024imaxx Deposit Maturity Benefit from Deposit Year A reinvested to Deposit Year B $12,000 $7,500imaxx Deposit Maturity Benefit $9,000 $5,625100% Death Guaranteed Amount $12,000 $7,500Chart 3 – 100/100 Guarantee OptionDeposit Year “A” Commencing June 10, 2014 UP MARKET DOWN MARKETDeposit $10,000 $10,000imaxx Deposit Maturity Benefit $10,000 $10,000100% Death Guaranteed Amount $10,000 $10,000Total market value of all units in Deposit Year A as of June 9, 2024 (Amount that is reinvested) $12,000 $6,000Deposit Year “B” Commencing June 10, 2024imaxx Deposit Maturity Benefit from Deposit Year A reinvested to Deposit Year B $12,000 $10,000imaxx Deposit Maturity Benefit $12,000 $10,000100% Death Guaranteed Amount $12,000 $10,000Subject to any applicable death and maturity guarantee, the contract value is not guaranteed but will fluctuate with themarket value of the assets held by the fund(s).13

(b) Death Guaranteed Amount on Deposit Maturity DateOn each deposit maturity date that the contract is in force, the death guaranteed amount will be calculated as follows:(a) For Class A Units, 75% of the deposit maturity benefit in effect on such deposit maturity date; and(b) For Class B Units and Class C Units, 100% of the deposit maturity benefit on such deposit maturity date.Example of reinvestment of Deposit Maturity Benefit and calculation of the Death Guaranteed Amount on a Deposit Maturity DateAssumptions:Owner/annuitant is age 45Owner/annuitant has chosen the 75/100 guarantee optionIn the years 2015 and 2016, the guaranteed amount is greater than the market value. As a result, no resets were processed.The first reset occurred on May 1 st 2017.Owner/annuitant has made 4 deposits into one non-registered contract as follows:Deposit date Value of deposit at time of deposit FundMay 1, 2014 $6,000 1November 3, 2015 $2,000 2March 14, 2016 $6,000 3April 3, 2017 $3,000 2As a result the owner/annuitant has made 4 deposits in 3 deposit year accounts, as follows:Deposit Year Account 1 - May 1, 2014 - April 30, 2015Deposit Year Account 2 - May 1, 2015 - April 30, 2016Deposit Year Account 3 - May 1, 2016 - April 30, 2017This chart will illustrate (a) the expiry and renewal of deposit year account 1; and (b) the calculation of the death guaranteed amount on depositmaturity date in up and down-markets.If the owner/annuitant is still living on the deposit maturity date for Deposit Year 1 (April 30, 2024) the death guaranteed amount will be calculatedbased on the deposit maturity benefit on that deposit maturity date.On April 30, 2024, the death guaranteed amount will be as follows under the 2 scenarios below:Scenario #1: The deposit maturitybenefit exceeds the current 100%Death Guaranteed Amount75% Deposit Maturity Guaranteed Amount $4,500 $4,500100% Death Guaranteed Amount (after automatic reset) $6,000 $6,000Total market value of all units in Deposit Year Account 1 $10,000 $4,000Deposit maturity benefit reinvested to new deposit year account atdeposit maturity date$10,000 $4,500New 75% deposit maturity benefit $7,500 $3,375New 100% Death Guaranteed Amount applicable to the reneweddeposit year account$10,000 $4,500Scenario #2: The deposit maturitybenefit is lower than the current100% Death Guaranteed AmountThe total value is not guaranteed and, subject to any applicable death maturity guarantee, any part of the premium or other amountthat is allocated to an imaxxGIF is invested at the risk of the contractholder and may increase or decrease in value.14

imaxx tm Contract Maturity BenefitThis section applies only if the annuitant is living and the contract is inforce on the contract maturity date.An imaxx contract maturity benefit will be payable on the contractmaturity date.The contract maturity date refers to:Contract TypeRSP, RIF, LIRA, LRSP, LIF, PRIF,RLSP and RLIFNew Brunswick LIRA and LIFNewfoundland LIRA and LIFMaturity DateDecember 31 st of the year in which theAnnuitant turns 100 years of ageDecember 31 st of the year in which theAnnuitant turns 90 years of ageDecember 31 st of the year in which theAnnuitant turns 80 years of ageIn the case of the 75/75 guarantee option and 75/100 guarantee optionthe imaxx contract maturity benefit is equal to the aggregate of allamounts, each of which is determined in respect of a deposit yearaccount, and each of which is equal to, the greater of;(i) the 75% guaranteed amount as at the contract maturity date, and(ii) the total unit value of all units in the deposit year account as at thecontract maturity date.In the case of the 100/100 guarantee option, the imaxx contractmaturity benefit is equal to the aggregate of all amounts, each ofwhich is determined in respect of a deposit year account, and each ofwhich is equal to the greater of;(i) the 100% guaranteed amount as at the contract maturity date, and(ii) the total unit value of all units in the deposit year account as at thecontract maturity date.For greater certainty, and subject to a proportional reduction for anywithdrawals or surrenders made from the contract, in no event willthe imaxx contract maturity benefit be less than 75% of the amountsdeposited by the contract owner to the contract. Top up benefitsare not included in such calculations. When calculating the contractmaturity benefit for deposits made under the initial sales chargeoption, we will not deduct the initial sales charge from the calculationof the guaranteed amount. Therefore, the guaranteed amount will notbe less than 75% of the deposit before deducting the applicable initialsales charge less proportional market value reductions for withdrawals.Any amount that is allocated to a segregated fund is investedat the risk of the contract holder and may increase or decreasein value.Unless otherwise instructed (i.e. for payment of a lump sum), thecontract maturity benefit will be applied to provide an annuity basedon the life of the owner, guaranteed for 10 years in accordance withapplicable legislation and Transamerica’s administrative rules. If theannuity payment based on the contract maturity benefit will be lessthan $50 per month, we have the right to pay the contract maturitybenefit to the appropriate person in one lump sum on the contractmaturity date. Payment of the annuity (or lump sum if applicable) fulfillsour obligations under the contract in full.Residents of QuebecCalculation of annual annuity paymentsUnless prohibited by law, Transamerica will pay the owner a thenavailable life annuity with a maximum guaranteed period of ten yearson the owner’s life or if a joint life is chosen, on the younger age of theowner’s life and another life as the owner may designate. The annuitywill be based on the contract maturity benefit at the contract maturitydate. If the owner does not select an annuity, the applicable annuitywill be a single life annuity, based on the owner’s life with a ten yearguarantee period or if required by law, a joint life annuity.In the case of an RSP or LIRA the annuity will be based on the totalcontract value at RSP age in accordance with the terms of the RSP orLIRA endorsement.Transamerica will calculate the annuity payable to the owner basedon its then current projected annuity factors applicable to the type andterms of the annuity chosen. Notwithstanding the foregoing, the annualannuity payment for each $1,000 being annuitized with a maximumguarantee period of ten years or less shall not be lower than theamount set out in Table 1 for the applicable age on which the annuityis based. The applicable age on which the annuity is based is the ageof the annuitant in the case of a single life annuity or the age of theyounger of the two annuitants in the case of a joint life annuity.Table 1 – Annual Annuity Payment per $1,000Age of AnnuitantAnnuity Payment50 $15.3955 $16.6760 $18.1965 $20.0170 $22.2375 $25.0180 $28.5885 $33.3490 $40.0195 $50.01100 $66.6715

Application of Table 1Table 1 sets out the minimum annuity payment the owner will receiveon an annual basis for each $1,000 being annuitized. This minimum iscalculated as follows:Annuitized Amount x Amount in Table 11000Example of Minimum Annual Annuity Payments Using Table 1To illustrate how to calculate the minimum annual annuity paymentsusing Table 1, consider the following example:Assumptions:the contract is not registered.Mr. Jones is both the owner and the annuitant.Mr. Jones turned 100 on December 24, 2013.the contract maturity date is December 31, 2013.on the contract maturity date, Mr. Jones is still alive.on the contract maturity date, the contract maturity benefit is$100,000.as an alternative to the default annuity to be provided under thiscontract, Mr. Jones requested an annual joint life annuity based onhis life and the life of his spouse, who is 90 years oldthe amount to be annuitized is based on the contract maturitybenefit, that is $100,000. The applicable age is the younger age ofthe two annuitants. In this case, the wife who is age 90.Based on Table 1, the annual annuity payment per $1,000 forage 90 = $40.01.Therefore the Minimum Annual Annuity Payment = $4,001Payment of the annuity$100,000 x 40.011000If you have chosen to receive an annuity with periodic payments morefrequently than annually, we reserve the right to make the paymentsannually if each payment would be less than $50 per payment.Payment of the annuity fulfills our obligations under the contract in full.16

imaxx tm Death BenefitAn imaxx death benefit is payable if the annuitant dies prior to thecontract maturity date. If the death benefit date falls after the contractmaturity date, the contract has matured. The death benefit is nolonger payable and the person entitled to the contract maturity benefitreceives it on the contract maturity date.Where a successor annuitant has been designated in the contract andis alive on the death of the annuitant, the death benefit is payable onthe death of the last to die of the annuitant or successor annuitant.In the case of the 75/75 guarantee option the imaxx death benefit isequal to the aggregate of all amounts, each of which is determined inrespect of a deposit year account, and each of which is equal to, thegreater of:(i) the 75% guaranteed amount as at the death benefit date, and(ii) the total value of all units in the deposit year account as at thedeath benefit date.The death benefit is calculated on the death benefit date which isthe first valuation date on which we have received proof satisfactoryto us of the annuitant’s death. If the death benefit date falls beforethe contract maturity date, then we will pay the death benefit to theappropriate person when we receive proof satisfactory to us of theclaimant’s right to the death benefit.In the case of the 75/100 guarantee option or the 100/100 guaranteeoption, the imaxx death benefit is equal to the aggregate of allamounts, each of which is determined in respect of a deposit yearaccount, and each of which is equal to, the greater of:(i) the 100% guaranteed amount as at the death benefit date, and(ii) the total unit value of all units in the deposit year account as at thedeath benefit date.The death benefit will be adjusted for any payments we make betweenthe date of the annuitant’s death and the date we receive proofsatisfactory to us at our head office.In the event that the annuitant dies within 12 months of the effectivedate of the contract, Transamerica levies the applicable deferred salecharge on payment of death benefits relating to the original depositvalue of DSC units invested under the 75/100 or 100/100 GuaranteeOption. The deferred sale charge is subject to the deferred sales chargeschedule and is charged as a percentage of the original deposit valueof the DSC units as of the death benefit date.For greater certainty, and subject to a proportional reduction for anywithdrawals or surrenders made from the contract, in no event will theimaxx death benefit be less than 75% of the amounts deposited bythe contract owner to the contract. When calculating the death benefitfor deposits made under the initial sales charge option, we will notdeduct the initial sales charge from the calculation of the guaranteedamount. Therefore, the guaranteed amount will not be less than 75%of the deposit before deducting the applicable initial sales charge lessproportional market value reductions for withdrawals. Top up benefitsare not included in such calculations.If the death benefit date falls before the contract maturity date, thenwe will pay the death benefit to the appropriate person when wereceive proof satisfactory to us of the claimant’s right to the deathbenefit.In some circumstances, there may be delays in obtaining satisfactoryproof of death and we may be notified of the death of the annuitantbefore receipt of proof of death (for example, a death certificate).In such event, on the date we are notified of the death of the lastsurviving annuitant, we will transfer all units in the funds held in thecontract into the Transamerica Money Market GIF – imaxxGIF or toanother fund we designate if the Transamerica Money Market GIF –imaxxGIF is not available. This date is called the “Notice Date”.Notification of death has to be in writing and meet the requirementsset out in our administrative rules.As of the notice date, no further transactions can be made. Forexample, scheduled withdrawals, including payments of RRIF MinimumAmounts will be stopped.Subsequently, on the valuation date we receive proof of death, thedeath benefit will be calculated.Registered plan requirementsIf the contract is an RSP, and you die before it is transferred to aRIF, we will pay the death benefit to your beneficiary in one lumpsum. You may wish to consult your advisor to discuss certain taximplications (for example, a “refund of premiums” in accordance withthe Income Tax Act). If the contract is a RIF and you die, your spouse(or common-law partner as the terms are defined under the IncomeTax Act (Canada)) will receive the payments if you have so indicatedon your application. If you have not indicated that your spouse shouldreceive payments after your death, then your beneficiary will receivethe death benefit in one lump sum. Please consult your advisor formore information. If the contract is a LIRA, RLSP or locked-in RSP andyou die before it is transferred to a LIF, RLIF or the contract is a LIF orRLIF and you die before the contract maturity date, then the paymentof death benefit must comply with applicable pension legislation andthe requirements of an RSP or RIF. This generally means the deathbenefit must be paid to your spouse (if any), unless a spousal waiveris completed. Please review the endorsement that applies to yourcontract carefully. Payment of the death benefit fulfills our obligationsunder the contract in full.Any amount that is allocated to a segregated fund is invested atthe risk of the contract holder(s) and may increase or decreasein value.17

Example of death benefitAssumptionsowner/annuitant is age 72owner/annuitant has chosen the 100/100 guarantee optionowner/annuitant has made 3 deposits into one registered contract as followsowner/annuitant has named a beneficiary to the contractin the years 2014 and 2015, guaranteed amount is greater than the market value. As a result, no resets were processed.Deposit date Value of deposit at time of deposit FundMay 1, 2013 $6,000 1November 3, 2014 $2,000 2March 14, 2016 $5,000 3The owner/annuitant has made 3 deposits in deposit year accounts, as follows:Deposit Year Account 1 - May 1, 2013 - April 30, 2014Deposit Year Account 2 - May 1, 2014 - April 30, 2015Deposit Year Account 3 - May 1, 2015 - April 30, 2016The annuitant passes away and the death benefit date is April 1, 2016 (date we receive proof satisfactory to us of the annuitant’s death).Deposit year Fund Guaranteed amount Closing market value atthe death benefit date ofApril 1, 2016Deposit year 1May 1, 2013 – April 30, 20141 $6,000 $4,000 $6,000Deposit year 2May 1, 2014 – April 30, 20152 $2,000 $3,000 $3,000Deposit year 3May 1, 2015 – April 30, 20163 $5,000 $8,000 $8,000Total at death benefit date $15,000 $17,000Higher of:100% of the guaranteed amount for the depositand closing market value at April 1, 2016(death benefit date)Transamerica Life Canada pays the $17,000 death benefit to the beneficiary, of which $15,000 is the market value of the contract plus $2,000top-up benefit.Please consider that when the market value of the units withdrawn is lower than the original purchase price of the unitswithdrawn, the proportional reduction due to the withdrawal will reduce the guaranteed amount by more than the actual amount ofthe withdrawal.18

Reset of Death Guaranteed AmountSubject to the following reset rules, Transamerica will automaticallyreset your guaranteed amount for purposes of calculating the imaxxdeath benefit (the “Death Guaranteed Amount”) on each anniversary ofthe contract date (the “reset date”).A. Reset of Death Guaranteed AmountA.1 Reset rules for Death Guaranteed AmountThe reset of the Death Guaranteed Amount will operate as follows:(a) The reset of the Death Guaranteed Amount will take placeautomatically if on the reset date:the annuitant has not reached his or her 81 st birthday on thecontract anniversary date;the annuitant is alive; andthe contract is in force.(b) The reset of your Death Guaranteed Amount will not change thedeposit maturity date or the contract maturity date, however,when a deposit year account matures and is paid out or reinvestedinto a new deposit year account, the Death Guaranteed Amountassociated with the maturing deposit year account will expire.(c) Transamerica reserves the right to discontinue, modify or suspendreset rights at any time by giving you prior written notice of at least60 days.A.2 Reset of the Death Guaranteed Amount for the75/75 guarantee optionIf you chose the 75/75 guarantee option, your new guaranteed amountfor the imaxx death benefit on a reset date will be equal to theaggregate of all amounts, each of which is determined in respect of adeposit year account, and each of which is the greater of:(i) the 75% guaranteed amount as at such reset date; and(ii) 75% of the total unit value of all units in the deposit year accountas at such reset date.A.3 Reset of the Death Guaranteed Amount for the75/100 and 100/100 guarantee optionsIf you chose the 75/100 or the 100/100 guarantee options, your newguaranteed amount for the imaxx death benefit on a reset date will beequal to the aggregate of all amounts, each of which is determined inrespect of a deposit year account, and each of which is the greater of:(i) the 100% guaranteed amount as at such reset date; and(ii) the total unit value of all units in the deposit year account as atsuch reset date.19

Example of reset of the Death Guaranteed AmountAssumptions:owner/annuitant is age 45owner/annuitant has chosen the 75/100 guarantee optionin the years 2014 and 2015, the guaranteed amount is greater than the market value. As a result no resets were processed. The first resetoccurred on May 2 nd 2016.owner/annuitant made a deposit into one registered contract as follows:Deposit date Value of deposit at time of deposit FundMay 2, 2013 $6,000 1Deposit Year Account is: May 2, 2013 – May 1, 2014Deposit YearMay 2, 2013 –May 1, 201475% Maturity“Guaranteed Amount”*Will be valid until deposit maturity date of May 1, 2023.100% DeathGuaranteed AmountClosing Market value as ofthe reset date May 2, 2015On May 2, 2015, the reset date, the death guaranteed amount is automatically reset.DepositMaturity Date$4,500 $6,000 $9,000 May 2, 2023 $9,000New 100% Death GuaranteedAmount (after automatic reset)*The reset of the imaxx death benefit does not affect:deposit maturity dates and the contract maturity date; andthe 75% deposit maturity benefits and contract maturity benefits.Continuing with the example above, the chart below explains the impact to the reset of the death guaranteed amount when the deposit maturitybenefit is reinvested:Start Date of Deposit Year AccountClosing Value (Flat, Up or Down Market) onthe Reinvestment Start DateReinvestment Value of theDeposit Maturity BenefitReinvestment start date: May 2, 2023 $6,000 (Flat) $4,500 $6,000Reinvestment start date: May 2, 2023 $10,000 (Up) $7,500 $10,000Reinvestment start date: May 2, 2023 $4,000 (Down) $3,375 $4,500** The reset of the Death Guaranteed Amounts in deposit years 1 to 10 have expired and therefore are not carried over to deposit years 11 to 20.New 100% DeathGuaranteed Amount**20

How to invest in imaxxGIFsHow we calculate the value of your investmentin an imaxxGIFValuation dateAny day on which we calculate the market value of an imaxxGIF’sassets is called a valuation date. We will generally value the imaxxGIFseach business day. Transamerica may cause the imaxxGIFs to be valuedon a less frequent basis, in which case you will be notified of the changeupon 60 days’ notice. A reduction in frequency of valuation constitutes afundamental change and accordingly is subject to the terms of the CLHIAGuidelines on Individual Variable Insurance Contracts.We may postpone valuation:(i) for any period during which one or more of the nationally recognizedstock exchanges are closed for other than a customary weekend orholiday closing,(ii) for a period during which trading on securities exchanges isrestricted, or(iii) when there is an emergency during which it is not reasonable forus to dispose of investments owned by the funds or to acquireinvestments on behalf of the funds or to determine the total valueof the funds.Market value of imaxxGIF AssetsWe determine the market value of an imaxxGIF’s assets on avaluation date in accordance with Canadian Generally AcceptedAccounting Principles (“GAAP”). For unlisted securities, we use themarket values provided by recognized dealers in that particular security.We value short-term notes at cost, which, together with their accruedinvestment income is equivalent to fair value given the short termnature of these investments.Investments valued in foreign currencies are translated intoCanadian dollars, in the manner determined by us from time to time.Gains and losses arising from these transactions are included in animaxxGIF’s income.Income from investments is recognized on the accrual basis. Thismeans that we recognize the income as it is earned. Dividend incomeis recognized on the ex-dividend date. Interest from income is accrueddaily. Realized gains and losses are calculated and recognized on anaverage cost basis.imaxxGIFs are not subject to tax on income and realized capital gainswhich are paid or payable to the fund within the calendar year. Theincome and/or gains that is allocated and paid to you by an imaxxGIFis taxable in your hands. imaxxGIFs are subject to withholding taxeson foreign income (where applicable) The income and realized capitalgains payable to the imaxxGIF are allocated to you and are subject totax. Please refer to the section entitled ‘Tax implications’.imaxxGIF classesFor administrative purposes, each imaxxGIF is divided into units orfractions of units issued in one or more classes. At the date of thisInformation Folder, each imaxxGIF has up to three classes designatedas classes A, B and, where applicable, C. Class A consists of units withthe 75/75 guarantee option, Class B consists of units with the 75/100guarantee option and Class C consists of units with the 100/100guarantee option. Currently, Class C units are only available for some ofthe imaxxGIFs, as shown in Appendix D. We may create, discontinueor redesignate a class of units at any time and in our sole discretion.Any discontinuance or redesignation will not affect the guaranteeoption that you choose for units that you obtained under your contractprior to such discontinuance or redesignation. We may designate thecharacteristics and provisions attaching to the units of each class. Wemay also add additional classes to the imaxxGIFs and Transamerica CIGIPs – imaxxGIF from time to time.imaxxGIF unit valueWe calculate the unit value of a unit of a class on a valuation date bysubtracting the liabilities and expenses of the imaxxGIF attributable tothat class from the class share of the imaxxGIF’s assets. This amountis then divided by the number of units of the imaxxGIF allocated to thatclass on the previous valuation date. We determine which expenses areallocated to a class and which expenses are allocated to all classes.See Allocating expenses among the classes, page 28.The value of your investment in an imaxxGIFThe value of your investment in an imaxxGIF on any valuation date(the “total fund value”) equals:the unit value of the applicable class of units of the imaxxGIF;multiplied by the number of units of that class in the imaxxGIFallocated to your contract.The unit value of a class of units in a particular imaxxGIF remains ineffect until the next valuation date.Currently, for each outstanding class of units, we automaticallyreinvest the earnings of an imaxxGIF within that imaxxGIF. This willbe reflected in the value of units of that class in the imaxxGIF. Wemay increase the number of units in an imaxxGIF by splitting a unitinto two or more units, or decrease the number of imaxxGIF units bycombining two or more units. The total fund value of your contract willnot be affected by this activity.The value of your imaxxGIF investments equals the sum of yourinvestment in all imaxxGIFs. Unit value is not guaranteed butvaries in accordance with fluctuations in the market value ofthe assets of each imaxxGIF.21

Submitting a request for deposit, transfer orwithdrawalIf you wish to deposit to, transfer or withdraw money from yourcontract, you must provide us with instructions. Your instructions maybe forwarded to us at our head office through authorized methods.Currently, we accept order requests via written request, by facsimile; orfrom a distributor on the FundSERV network.If your request includes all the information we require, we consider itto be in good order.If your request is not in good order, we have the right to reject orpostpone the acceptance of your request for any reason, includingincomplete information. You are responsible for any expenses orinvestment losses that result from incomplete or incorrect informationprovided by you.The effective date of your requestFor non-electronic transmissions, including facsimile transmissions,if we receive your request in good order at our head office by 3 p.m.(Toronto time) on a valuation date, this is the effective date of yourorder. Otherwise, the effective date is the next valuation date.For electronic transmissions (currently only through Fundserv), if wereceive your request in good order at our head office by 4 p.m. (Torontotime) on a valuation date, this is the effective date of your order.Otherwise, the effective date is the next valuation date.We reserve the right to change the above time requirements.Number of contractsYou are limited to one contract based on the life of the same annuitantfor each registration status, type of plan under a governing pensionregulator, spousal status and guarantee option. If you purchase morethan one contract with the same annuitant, the same spousal status,the same type of plan under a governing pension regulator, the sameguarantee option and the same registered or non-registered status,we have the right to combine those contracts into one contract withidentical options to the earlier contract.This means that you may only have one of each of the followingcontracts with the same annuitant, as follows:75/75 guarantee option RSP contract75/75 guarantee option RIF contract75/75 guarantee option spousal RSP contract75/75 guarantee option spousal RIF contract75/75 guarantee option LIRA/LRSP/RLSP contract(per governing pension regulator)75/75 guarantee option LIF/RLIF contract(per governing pension regulator)75/75 guarantee option PRIF contract(per governing pension regulator)75/100 guarantee option RSP contract75/100 guarantee option RIF contract75/100 guarantee option spousal RSP contract75/100 guarantee option spousal RIF contract75/100 guarantee option LIRA/LRSP/RLSP contract(per governing pension regulator)75/100 guarantee option LIF/RLIF contract(per governing pension regulator)75/100 guarantee option PRIF contract(per governing pension regulator)100/100 guarantee option RSP contract100/100 guarantee option RIF contract100/100 guarantee option spousal RSP contract100/100 guarantee option spousal RIF contract100/100 guarantee option LIRA/LRSP/RLSP contract(per governing pension regulator)100/100 guarantee option LIF/RLIF contract(per governing pension regulator)100/100 guarantee option PRIF contract(per governing pension regulator)DepositsYou may make deposits under the contract at any time before theearliest of:the date of the annuitant’s death,the annuitant’s 81 st birthday, and10 years before the contract maturity date.In addition, the annuitant must be a Canadian resident at the time yourcontract is opened. We will deduct any applicable taxes and chargesfrom amounts invested. These restrictions are in addition to any agerestrictions on deposits imposed by law.Except for a deposit that is the result of a reinvestment on a depositmaturity date, with your initial deposit, we must receive the requireddocumentation in good order including:an applicationany other information we may require, which may include evidenceof the good health and insurability of the annuitant.We must receive investment instructions from you for all depositsyou make under the contract. Where the deposit results from thereinvestment of a deposit maturity date, we will continue the sameinvestment allocations as the maturing deposit year account unless youinstruct us otherwise. See page 13 for details of the maturing deposityear account.When you deposit money to your contract, the number of units creditedto your contract will be equal to the amount of your deposit divided bythe applicable unit value as of the valuation date that is the effectivedate of your request.22

We have the right to:refuse any depositrefund any deposit previously accepted by us within90 days of depositlimit the amount of any deposit to an imaxxGIF(s)refuse to open new contractsimpose additional requirements at our discretion before any depositis made.We reserve the right to make changes, additions or deletions to theserules from time to time.Scheduled Pre-Authorized ChequingScheduled Pre-Authorized Chequing or PACs are deposits made forthe same amount, at the same frequency and to the same funds thatyou have selected. You may elect PAC deposits to be made on anannual, semi-annual, quarterly, monthly, bi-weekly and weekly basis.PACs are only available for RRSP contracts. We will make regularPAC withdrawals directly from your bank account. We have the rightto cancel the PAC at any time, upon 10 days’ notice to you. If wediscontinue a fund or close a fund to new deposits, we have the rightto direct the PAC to another fund. Please see Availability of imaxxGIFson page 36 for more information on fund discontinuance. Subject to ourAdministrative Rules, we will stop processing deposits by PAC if theyare returned unprocessed. You will be required to notify us in writing tore-establish deposits to the contract by PAC.The value of units allocated to the contract in respect of aparticular fund is not guaranteed but varies in accordance withfluctuations in the market value of the assets of such fund.Minimum and maximum depositsThe minimum initial deposit required to issue your contract is $10,000.The minimum that can be allocated to a specific imaxxGIF is $250.Each additional deposit to the same imaxxGIF must be at least $100.The minimum Pre-Authorized Chequing (PAC) deposit is $50.00, ofwhich the minimum deposit to a particular imaxxGIF is $25.00.No more than $500,000 may be contributed to your contract in one (1)calendar year without our prior written consent.Minimum guaranteed amountSubject to any applicable legislative or regulatory requirementsincluding those applicable where the contract is issued as a RSP, LIRA,RLSP, locked-in RSP, RIF, PRIF, RLIF or LIF, if, at any time, the guaranteedamount is less than $500, we have the right to cancel all of the unitsupon 30 days notice to you. When, in our discretion, we exercise thisright, the total fund value, less any withdrawal charges, any otherunpaid administrative fees and charges owing by you to us and anytaxes which may be required by law to be withheld, will be paid to you.Deposit sales charge optionsExcept for a deposit that is the result of a reinvestment on a depositmaturity date, your advisor receives a fee for the services providedto you when you deposit money to your contract to be invested in animaxxGIF. You have two options:Initial sales charge (ISC): With this option, you negotiate the salescharge with your advisor of up to 5% of the amount of your investment.This amount will be deducted from your investment before units areallocated to your contract. For example, if you invest $1,000 and younegotiate a 5% initial sales charge, $950 will be the amount depositedin the imaxxGIF and $50 will be paid as a sales charge. There is nodeferred sales charge when you make a withdrawal against theseunits. Units obtained under this option are called ISC units.Deferred sales charge (DSC): With this option, you pay no sales chargeto your advisor at the time of deposit. Instead, you agree to pay a feeto us if you withdraw money against these units within six years of theeffective date of deposit. See the deferred sales charge, page 26 formore information. Units obtained under this option are called DSC units.At any time before the contract maturity date and subject to ouradministrative rules and any applicable charges and fees, you mayrequest an exchange of DSC units for ISC units (including DSC unitsunder the 10% Free Withdrawal Privilege).An exchange of DSC units to ISC units will not be processed as atransfer but a surrender of the originating units and deposit of theresulting units (i.e. a sell and a buy). Exchanges will therefore impactthe deposit maturity date and guaranteed amounts applicable to theoriginating units and may incur a deferred sales charge in accordancewith the chart on page 26. When moving from a DSC unit to an ISCunit, the exchange may be subject to a negotiated ISC sales chargebetween 0 to 5% with your advisor. This transaction is a taxable event.As with deposits, transfers and withdrawals, the value(s)of the units involved in any exchange are subject to marketfluctuations. As an exchange transaction will impact maturitydates and guaranteed amounts, an exchange of DSC units toISC units may not be advisable in many circumstances. Pleaseconsult your advisor before requesting any exchange of DSCunits to ISC units.We reserve the right to make changes, additions or deletions to theseoptions from time to time.Processing your depositCurrently, if your deposit is processed electronically, we must receivepayment and all necessary documents within three business days ofthe effective date of your deposit. If we do not receive payment and allof the necessary documents within three business days, we will cancelthe units allocated to your contract on the next business day. If theproceeds are greater than the deposit, we will reimburse your depositto you and retain the balance. If the proceeds are less than the amountyou deposited, you will owe the difference to us.23

If your deposit is paper-based, a cheque payable to Transamerica LifeCanada must accompany the necessary documents before your depositwill be processed.Investment instructions in good order must be received with all deposits.TransfersAt any time before the contract maturity date or the death of theannuitant, whichever comes first, you may transfer your investment inan imaxxGIF to another imaxxGIF.Transfers to another imaxxGIF(s)Whenever you transfer between imaxxGIFs, such transfers constitutea surrender of units of one fund and a corresponding acquisition ofunits in the other fund. Transfers between imaxxGIFs do not incursales charges. For transfers involving DSC units, the existing surrenderschedule will apply to the new units.Because segregated funds are generally considered to be long terminvestments, we discourage investors from excessive trading in unitsof an imaxxGIF with the object of realizing a short-term gain. Suchtrading may not only harm an imaxxGIF’s performance, but may alsoaffect the value of other investors’ holdings in the imaxxGIF.Your first four transfers between imaxxGIFs in any calendar year arefree. You may not carry forward any unused portion of this privilegefrom one year to the next. We will deduct a transfer fee of up to 1%of the amount transferred for the fifth and subsequent transfers in thesame calendar year. We consider any number of transfers that youmake on any single day to be one transfer for the purposes of this rule.Additionally, we reserve the right to delay transfers in unusual orexceptional circumstances where it is not practical to dispose ofinvestments made in a fund or where it would be unfair to othercontract owners.Any transfer fees charged to you will proportionally reduce yourguaranteed amount under your contract.The large total value contracts rule applies to transfers betweenimaxxGIFs. See Large total value contracts rule, page 26.We have the right to:refuse any transfer requestlimit the amount transferred to any particular imaxxGIF(s)impose additional conditions at our discretion before any transfersare made.You may not transfer DSC units for ISC units, and vice versa within thesame contract.Moving between funds of different sales charges (i.e. DSC to ISC)is not considered a fund transfer and may trigger surrender fees.This transaction is processed as a withdrawal from the contract anda subsequent purchase back into the contract. Guarantees will beimpacted. This is a taxable transaction.When moving from a DSC unit to an ISC unit, you may have tonegotiate a sales charge between 0 to 5% with your advisor.The value of the units cancelled or acquired for a fund transferis not guaranteed but varies in accordance with fluctuations inthe market value of the assets of the particular fund.WithdrawalsIf your contract is a registered plan, certain regulatory requirements mayapply to withdrawals from the contract and withdrawals may have certaintax consequences. Withdrawals are generally considered a disposition fortax purposes and will be taxable. Please discuss your situation with youradvisor before you make any decisions.You may make withdrawals under your contract at any time before theearlier of:the contract maturity date, andthe death of the annuitant.If you have decided to schedule withdrawals (e.g. Systematic WithdrawalPlan or custom or minimum payments under a RIF, LIF, RLIF or PRIF) fromyour contract (for example, under a RIF, LIF, RLIF or systematic withdrawalplan), this will be considered a withdrawal.Scheduled withdrawals from a systematic withdrawal plan andcustom or minimum payments from a RIF, LIF, RLIF or PRIF plan willproportionally reduce the imaxx deposit maturity benefit.You must indicate in writing the amount and the imaxxGIF that you wishto withdraw from. We will withdraw all amounts according to the writteninstructions you provide.We will not process your withdrawal order if it is not in good order. Forexample, your withdrawal order will not be in good order if you do notspecify the imaxxGIF you wish to withdraw funds from or if you havespecified the source of the withdrawal but the source is insufficient tomeet your withdrawal request.In the event of exceptional or unusual circumstances, we have the rightto delay payment of any withdrawal amount for a reasonable amount oftime after the effective date. If we delay payment for more than 30 days,we will pay interest from the effective date of the withdrawal at a ratedetermined by us.Please refer to the section entitled “Guaranteed Amounts”, page 10to see how withdrawals affect guarantee benefits.24

Processing a withdrawalWhen your withdrawal request 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, andany applicable taxes.We have the right to delay the effective date of any withdrawal order fromany imaxxGIF for up to seven business days in order to properly processyour withdrawal.When you withdraw money from your contract that was invested in theimaxxGIFs, the number of units redeemed from the applicable imaxxGIFwill be equal to the amount of your withdrawal divided by the unit value asof the valuation date that is the effective date of your withdrawal request.Withdrawals, including but not limited to the 10% free withdrawal, willproportionally reduce the guaranteed amount of your contract.Example of a withdrawalAssumptionsannuitant is age 45owner/annuitant has chosen the 100/100 guarantee optionowner/annuitant has made 4 deposits into one registered contractowner/annuitant wishes to make a withdrawal of $5,500 from thecontract – split into $5,200 from fund 2 and $300 from fund 1 onJuly 17, 2018; no other withdrawals have been madeFrom the years 2013 to 2017, the guaranteed amount is greater than themarket value. As a result no resets were processed.NOTE: THE PURPOSE OF THIS EXAMPLE IS TO SHOW THE IMPACT OFWITHDRAWALS ON GUARANTEESThe owner/annuitant has made 4 deposits in deposit year accounts,as follows:Deposit date Value of deposit at time of deposit FundMay 1, 2013 $6,000 1November 3, 2014 $2,000 2March 14, 2017 $5,000 3October 1, 2017 $3,000 2Deposit Year Account 1 - May 1, 2013 – April 30, 2014Deposit Year Account 2 – May 1, 2014 – April 30, 2015Deposit Year Account 3 – May 1, 2015 – April 30, 2016Deposit Year Account 4 – May 1, 2016 – April 30, 2017Deposit date Fund GuaranteedamountDeposit year 1May 1, 2013 –April 30, 2014Deposit year 2May 1, 2014 –April 30, 2015Deposit year 3May 1, 2015 –April 30, 2016Deposit year 4May 1, 2016 –April 30, 2017Closing market value asof the date of withdrawal– on July 17, 2018Market value ofthe withdrawal onJuly 17, 2018ProportionalguaranteedreductionNew GuaranteedAmount as of end ofday on July 17, 2018*1 $6,000 $4,000 $300 ($450) $5,5502 $2,000 $3,000 $3,000 ($2,000) $03 $5,000 $8,000 $0 $0 $5,0002 $3,000 $5,000 $2,200 ($1,320) $1,680*For purposes of this column, the New Guaranteed Amount is used to determine both the maturity benefit and the death benefit.On July 17, 2018, the owner wished to withdraw $5,200 from fund 2 and $300 from fund 1. For fund 2, the first in, first out rule dictates that theguaranteed amount of deposit year 2 account must be reduced first followed by guaranteed amount of the deposit year 4 account. For fund 1, theowner only has money in fund 1 in the deposit year 1 account and all of the reduction in guaranteed amount will take place in deposit year 1.The value of the units withdrawn from any fund to make a withdrawal for a certain cash amount is not guaranteed but varies inaccordance with fluctuations in the market value of the assets of the particular fund.Please consider that when the market value of the Units withdrawn is lower than the original purchase price of the Unitswithdrawn, the proportional reduction due to the withdrawal will reduce the Guaranteed Amount by more than the actual amount ofthe withdrawal.25

The Deferred Sales ChargeYou pay a deferred sales charge if (a) you request a withdrawal of DSCunits within six years of the effective date of each deposit; or (b) theannuitant dies within 12 months of the effective date of the contract.(a) DSC upon WithdrawalCurrently, the deferred sales charge is charged as a percentage ofthe value of the DSC units withdrawn as of the effective date of thedeposit of those DSC units. The percentage charged varies basedon the time that has passed since the effective date of deposit forthe DSC units being withdrawn. The following schedule shows thedeferred sales charges we currently charge:Time since the effective dateof a deposit:0-12 months 6.0%13-24 months 5.0%25-36 months 4.0%37-48 months 3.0%49-60 months 2.0%61-72 months 1.0%73 or more months 0.0%Deferred sales charge:(as percentage of the originalpurchase price of the DSC units)This deferred sales charge schedule is subject to change and any newdeposits made after such change will be subject to the new deferredsales charge schedule.To minimize your costs, we redeem units in the order they were purchased– first in, first out, until the total requested amount is withdrawn.(b) DSC upon DeathIn the event that the annuitant dies within 12 months of the effective dateof the contract, Transamerica levies the applicable deferred sale chargeon payment of death benefits relating to the original deposit value ofDSC units invested under the 75/100 or 100/100 Guarantee Option. Thedeferred sale charge is subject to the deferred sales charge schedule andis charged as a percentage of the original deposit value of the DSC unitsas of the death benefit date.10% free withdrawal privilegeYou are entitled in each calendar year to withdraw up to 10% of thenumber of DSC Units allocated to a fund without paying DSC. Any unusedportion of the privilege may not be carried forward from one year to thenext. We reserve the right to discontinue or change this right at any time.In your withdrawal request, you must specify:which imaxxGIF(s) you wish to withdraw from, andthe withdrawal date, which must be before the earlier of contractmaturity date and the death of the annuitant.The aggregate number of DSC units that may be withdrawn at any timeunder this privilege is the sum of the following:(a) 10% of the number of DSC units which were allocated to the imaxxGIFat the end of the previous calendar year, and(b) for each deferred sales charge deposit allocated to the imaxxGIF in thethen current calendar year as of the effective date of the withdrawal,10% of the DSC units acquired with that deposit multiplied by thenumber of days the new units have been held in the current calendaryear (not including the day of allocation) divided by 365 days (366 in aleap year). The day of the withdrawal is considered a holding day; less(c) any DSC units previously withdrawn in the current year underthis privilege.ExampleDecember 30, 2013 – Fund A – deposit of 500 DSC unitsJanuary 10, 2014 – Fund A – additional deposit of 500 DSC unitsApril 17, 2014 – Fund A – additional deposit of 500 DSC unitsJune 12, 2014 – Initial request for 10% free withdrawalFor December 30, 2013 – 500 units x 10% = 50 free additional unitsavailable to be withdrawn from your imaxxGIF.For January 10, 2014 – (10% of 500 DSC units = 50 free additional units inaggregate) x 154/366* = 21.035 free units available to be withdrawn fromyour imaxxGIF as of June 12, 2014For April 17, 2014 – (10% of 500 DSC units = 50 free additional units inaggregate) x 56/366** = 7.650 free additional units available to bewithdrawn from your imaxxGIF as of June 12, 2014Total free units available to be withdrawn from your imaxxGIF as ofJune 12, 2014 is 50 + 21.035 + 7.650 = 78.685 free additional units.*154 represents the number of days from January 11 to June 12 inclusive**56 represents the number of days from April 18 to June 12 inclusiveYou may not carry forward any unused portion of this privilege from oneyear to the next. The standard provisions under Processing a Withdrawalalso apply to free withdrawals. See page 25.We will deduct any applicable withholding taxes from the withdrawnamount. The withdrawal amount is a taxable disposition and is reportedas taxable income. The effective date of the withdrawal is the date wereceive your withdrawal order in good order at our head office, or therequested withdrawal date, if later.Any amount that is allocated to a segregated fund is invested at therisk of the contract holder and may increase or decrease in value.Large total value contracts rule for deposits andfund transfersLarge total value contracts are a group of contracts (or a single contract)that have the same annuitant and the total value of the units invested inthe contract or contracts exceeds $2,000,000.26

The large total value contracts rule provides that: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 daysWe reserve the right to change or modify the large total value contractsrule from time to time.Fundamental ChangesWe may make certain changes under this contract that are considered afundamental 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; orif applicable, an increase in the maximum insurance fee limit of a fund.(currently not applicable as the cost of providing insurance benefits isincluded in the management fee.)In the case where an imaxxGIF invests in an underlying fund, wealso reserve the right to change such underlying fund. If such a changeconstitutes a fundamental change, you will have the rights described in thesection immediately below.In the event of a fundamental change or a fund closure, we will give you atleast 60 days’ prior written notice (the “Notice Period”) before making thechange. You have the right to: (a) switch to a similar fund before the expiryof the notice period; or (b) if we do not offer a similar fund, withdraw theunits in the funds affected by the fundamental change without incurringsales charges. We must receive your written response at least 5 days priorto the expiry of the notice period.During the notice period, you may not switch to a fund subject to a fundclosure, except that you may switch to a fund subject to other types offundamental changes if you agree to waive the right to surrender withoutsales charges.We will also notify the insurance regulators and the Canadian Life andHealth Insurance Association Inc. at the same time we notify you of thechange (unless such notice is not practical in the circumstances, in whichevent we will provide notice as soon as possible and as reasonablypractical), and amend or re-file the Information Folder to reflect the change.The foregoing may be superseded by any regulatory changes governingindividual 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 thefundamental change.Changing an underlying fund will not constitute a fundamental changeprovided that all of the conditions for a similar fund continue to apply tothe 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 changedunless approved by the unitholders of the underlying mutual fund. Uponsuch approval, you will be provided notice of the change.Transamerica CI GIPs – imaxxGIF may invest in one or a multipleunderlying funds. Changes to underlying fund(s) or to the investments ofthe underlying fund(s) or to the target weightings of each investment of theunderlying fund(s) will not normally constitute a fundamental change. If thechange meets the definition of a fundamental change, you will have therights described in the section.Fees and expensesManagement feeEach imaxxGIF pays a management fee to us for the management ofthe fund, which includes the costs for investment management, servicesand facilities to support the funds, and commissions and service feespayable to Advisors. The management fee includes the cost of providingthe insurance coverage for guarantees under the contract. Where theimaxxGIF invests in an underlying fund, the management fee and theMER of the fund includes the corresponding management fee and theMER of the underlying fund(s), and there is no duplication of managementfees. The management fees are calculated and accrued based on themarket value of the imaxxGIF’s assets on each valuation date and arepaid to us monthly. You do not directly pay for the management fees, asthey are paid by each imaxxGIF.These fees will reduce the returns earned by the underlying assets withineach imaxxGIF. Subject to the fundamental changes provision describedabove, we may change the management fee for any imaxxGIF by sendingyou written notice of the change at least 60 days in advance.The management fee may vary depending upon the class of the imaxxGIFthat your units are held in.The management fee for a class is equal to:the value of the imaxxGIF’s assets allocated to that class on that dateless the imaxxGIF’s liabilities allocated to that class,multiplied by the number of days since the last valuation date, andmultiplied by the daily management fee for that class.27

Operating expensesEach class of an imaxxGIF is subject to deduction of all costs and expensesrelating to its operation. These operating expenses accrue daily and mayinclude, among other things: audit, accounting and financial reporting anddisclosure costs; custodial and trustee costs; legal and regulatory costs;bank service fees and interest charges; policyholder communication feesand related administrative costs; and applicable taxes.Allocating expenses among the classesWe allocate the expenses of each imaxxGIF among the classes of unitsof that imaxxGIF. Each class will bear separately any expense that can bespecifically attributed to that class. This way, expenses related solely toone class of units will be allocated only to that class. We allocate commonexpenses, such as audit and custody fees, pro-rata among all units of allclasses of that imaxxGIF. The allocation may be based on the amountof these expenses calculated by the imaxxGIF to have been actuallyincurred by the class or in another manner that we consider appropriateand equitable.Although the expense of an imaxxGIF attributable to a particular classof units will be deducted in calculating the asset value of that class,those expenses will continue to be liabilities of the imaxxGIF as awhole and the assets of the imaxxGIF as a whole could be called uponto satisfy those liabilities. In addition, all deductible expenses of theimaxxGIF, both common expenses and class expenses, will be takeninto account in calculating the income or loss of the imaxxGIF for taxpurposes and, therefore, all expenses will impact the tax position of theimaxxGIF as a whole.The management fee listed in Appendix D for each Transamerica CI GIP –imaxxGIF is the total management fee charged by us and the proportionalshare of the management and other fees charged by the managers of theunderlying fund.Management Expense RatioThe management expense ratio (MER) includes the management fee andthe operating expenses paid by each class of an imaxxGIF.The MER is calculated as follows:MER =100 x management fee plus operating expensesaverage net assets of the applicable class of theimaxxGIF during the yearOther investor charges and feesYou may pay one or more of the following fees directly:a sales charge if you invest in the imaxxGIFs under the initial salescharge option. See page 23.a deferred sales charge or other withdrawal fees on withdrawalsfrom the contract related to imaxxGIF units, or when transferringfrom DSC to ISC units. See The deferred sales charge, page 26.a transfer fee for imaxxGIF transfers. See Transfers, page 24.Termination of ContractThis contract will be terminated if you withdraw all of the units tothe contract’s credit. Upon payment of such withdrawal proceeds, ourobligations under this contract will be discharged.This contract will be terminated on payment of the imaxx deathbenefit. Payment of the imaxx death benefit will discharge ourobligations under this contract.If you elect to withdraw the imaxx contract maturity benefit on orafter the contract maturity date, upon payment of the contract maturitybenefit, our obligations under this contract will be discharged and thecontract will be terminated. If the contract maturity benefit is appliedto a single life annuity, except for our obligations to make annuitypayments, the issue of the single life annuity contract will dischargeour obligations under this contract and this contract will be terminated.Subject to any applicable legislative requirements, if the deathguaranteed amount and the imaxx contract maturity benefit are lessthan $500, we reserve the right to terminate the contract upon 30 days’notice and forward to you the market value of the contract, minusany applicable charges, fees and taxes. Payment of this amount willdischarge our obligations under this contract and upon payment of thisamount, this contract will be terminated.Compensation of distributorsThe distributor who solicits the contract or who is then assigned thecontract may receive a servicing commission or trailer fee in connectionwith each deposit to the contract.Servicing commissions or trailer fees are paid by us to approveddistributors based on the market value of your investment in theimaxxGIFs. It pays for the on-going advice and service that you areentitled to receive from the distributor so long as your investmentremains in the particular fund.Distributors may also be compensated through certain sales charges,which are outlined in more detail on pages 23.28

imaxx tm Guaranteed Investment Funds (GIFs)The Investment OptionsThe funds available within the imaxxGIF contract are also referredto as Guaranteed Investment Funds (GIFs) or Guaranteed InvestmentPortfolios (GIPs). A GIF will invest directly in securities, units of anunderlying mutual fund or other investments as deemed appropriateby us and in accordance with the investment objective and investmentpolicies of each GIF. A GIP will invest in several underlying mutualfunds or other investments as deemed appropriate by us and inaccordance with the investment objective and investment policies ofeach GIP. Collectively, the GIFs and GIPs comprise the funds availablewithin the imaxxGIF 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” datefor the information included on the page. The Fund Facts pages alsoprovides some “Quick Facts” about the fund, including the date thefund became available within the contract, the total value of the fund,and the Management Expense Ratio (MER) of the fund among otherdetails. In addition to these Quick Facts about the fund, the Fund Factpages 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 withinthe imaxxGIF contract can be found in Appendix A. The investmentpolicies and restrictions may change from time to time.Should you require more information about the funds offered withinthe imaxxGIF contract, please write to us at 500- 5000 Yonge Street,Toronto, Ontario M2N 7J8.For funds that invest in underlying mutual fund(s), the fundamentalinvestment objectives and investment strategies of the underlyingfund(s) are presented within Appendix B. You may also request acopy of the simplified prospectus, annual information form, financialhighlights, and complete holdings related to the underlying fund(s) bywriting to the applicable underlying fund manager at their respectiveaddresses listed at the end of Appendix B.The imaxxGIF Fund Facts should be read in conjunction with theimaxxGIF Information Folder and Annuity Policy. The InformationFolder provides brief and plain disclosure of all the material factsrelating to the imaxxGIF Contract. Transamerica Life Canada isthe sole issuer of the imaxxGIF contract and the guarantor of theguarantee provisions contained therein.Any amount that is allocated to a segregated fund is invested atthe risk of the contract holder(s) and may increase or decreasein value.What is a Segregated Fund?A segregated fund is an investment option available within anIndividual Variable Insurance Contract commonly known as asegregated funds contract.Each fund available within the imaxxGIF contract is a segregatedfund. A segregated fund is a pool of assets purchased with moneycontributed by policyholders with similar goals. Policyholders contributemoney to their segregated funds contracts and it is pooled by a lifeinsurance company and used to purchase assets. The assets of thesegregated fund are owned by the insurance company. These assetsare segregated from the company’s other assets.Since the assets are owned by us, there is no need to divide the fundinto units. However, in order to administer the funds and to record yourcontractual interests, we divide the funds into notional units. You donot own the units in a fund, nor can you direct the investment of theassets of the fund. Segregated funds are regulated under the authorityof provincial and federal insurance regulators.imaxx Guaranteed Investment Fundsimaxx 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 unitsof a select underlying fund. In the case where a GIF invests in anunderlying fund, we reserve the right to change the underlying fund. Ifsuch a change constitutes a fundamental change as defined in section21 of the Annuity Policy, you will have the rights described there.Changing an underlying fund to another similar underlying fund will notconstitute a fundamental change provided that immediately followingthe change the total management fee of the imaxxGIF is the same asor lower than the management fee immediately prior to the change.A similar underlying fund is one that has a comparable fundamentalinvestment objective, is in the same investment fund category andhas the same or lower management fees, as the underlying fund.The investment objective of an underlying fund may not be changedunless approved by the unitholders of the underlying fund. Upon suchapproval, you will be provided notice of the change.29

imaxx Guaranteed Investment PortfoliosEach imaxxGIF Portfolio (GIP) allocates its assets among income andequity investments by investing in units of underlying mutual funds of aselected fund company and other investments as deemed appropriateby us. Each GIP has a target income and equity asset mix and offersyou diversification through a professionally designed portfolio ofunderlying funds and investments. The GIPs are continuously monitoredand, at least on a monthly basis, the underlying investments of a GIPare rebalanced if necessary to ensure that the portfolio corresponds toits target asset allocation. However, each GIP may vary to some extentfrom its target asset allocation mix between rebalancings.We may change these targeted mixes and underlying funds at any timeto better achieve the investment objective of each GIP. You will not benotified when the GIPs are rebalanced or when an underlying fund and/or its targeted weight is changed. You will only be notified if the changemeets the definition of a fundamental change. In such an event, thefundamental change rule in section 21 of the Annuity Policy will apply.The investment objective and policies of each underlying fund withinthe imaxxGIF GIPs can be found in Appendix B. Details of howto contact the managers of the underlying funds are also set out inAppendix B.Derivatives and their permissible useDerivatives may be used by the funds within the imaxxGIF contractbut only in a manner consistent with the fund’s respective investmentobjectives. Derivatives may also be used by the underlying funds, buttheir use must be consistent with the underlying fund’s investmentobjective and their use must conform to the relevant policies set out bysecurities regulators.A derivative is a financial contract, usually between two parties.The value of the contract is derived from the market price, value orlevel of an underlying asset, such as a stock, bond, market index,currency, commodity or a basket of securities. The main appeal inusing derivatives is that investors can capitalize on movements in thevalue of an underlying security at a fraction of the cost of buying thesecurity outright. However, a derivative is not a direct investment inthe underlying asset itself. Derivatives include a wide assortment offinancial contracts including futures, forwards, options, and swaps.With regards to the funds available within the imaxxGIF contract,derivatives will not be used to create a portfolio with leverage. Moreprecisely, derivatives may only be used in respect of a fund if sufficientcash or cash-equivalent securities are held in the fund in order that wemay satisfy our obligations under the derivative instrument.We may use derivatives to:Reduce Currency Risk. The fund manager may determine that it isbeneficial to offset (or hedge), where appropriate, the currencyexposure of foreign portfolio positions as protection against ratefluctuations. To achieve this objective, the fund manager may makeuse 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 specificsecurities rather than purchasing or selling the actual securitiesdirectly. As well, the fund manager may seek to participate in foreignmarkets by purchasing exchange traded stock index options, futurescontracts, as well as foreign currency forward contracts.Enhance Returns and Lock-in the Price of PortfolioInvestment. The fund manager may wish to enhance returns andlock-in the price of portfolio investments by writing covered calloptions. 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 optionis said to be covered when the party selling the call option owns theunderlying 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 marketsand other assets, there is no guarantee that the use of derivatives bya fund will be effective. Please refer to the Derivatives Risk section formore information on the risks concerning derivatives.The Risks of Investing in Segregated FundsRisk is the chance or possibility of loss. When investing, the element ofrisk can vary substantially. As a general rule, the higher the potentialreturn, 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 thefund’s underlying investments, the investment manager of the fund,and general market conditions. The underlying investments may beunits of mutual funds, pooled funds, stocks, bonds or other selectedinvestments and securities. The value of these underlying investmentswill change from day to day, reflecting changes in interest rates,changes in general economic, political and market conditions, therelease of information about a particular investment, issuer or industrysector, changes in the value of a relevant foreign currency relative tothe Canadian dollar and other factors.It should be understood that no matter what strategies might beadopted by a fund manager to manage the identified risks associatedwith the investments held in each fund, the risks will remain many anduncertain in nature, duration and impact.Leverage involves the use of borrowed money to help pay for aninvestment or the use of certain types of derivative instruments tosimulate a specialized investment. Using leverage magnifies the amountof loss or gain on an investment. The funds do not employ leverage.Below are descriptions of the various principal risks which may beapplicable to the underlying investments of the funds. Please refer toAppendix C for information about principal risks apply to each fundavailable within the imaxxGIF contract.30

Capital Depreciation RiskSome underlying funds aim to distribute a high level of income. Incertain situations, such as periods of declining markets or increases ininterest rates, an underlying fund may make distributions that include areturn of capital. Where the total distributions by an underlying fund ina year exceed the underlying fund’s net income and net realized capitalgains for the year, the net asset value of the underlying fund may bereduced, which could reduce the underlying fund’s ability to generatefuture income.Cash RiskA fund or underlying fund may have times when it increases the levelof cash that it holds. This may be done by the portfolio manager inorder to protect assets or to take advantage of buying opportunities.Cash is also needed to fund redemption requests. To the extent thata fund has a significant cash position, it may be able to avoid marketdeclines, losses or instability. However, a significant cash positionwill also mean that the fund may risk not taking advantage of marketadvances to the extent that it otherwise could have.Commodity RiskThe market value of a fund’s investments will likely be affected byadverse movements in commodity prices. When commodity pricesdecline, this has a negative impact on the earnings of the companieswhose business is based on commodities, such as oil and gold.Concentration RiskA fund may have a high concentration of its investments in a singlecompany. A relatively high concentration in a single company or a smallnumber of investments will have less diversification and this may havean adverse impact on the fund’s returns. Concentration can also lead toincreased volatility and reduced liquidity of the fund.Credit RiskCredit risk is the risk that an issuer of a bond or other fixed incomesecurity won’t be able to pay interest or repay the principal when itis due. Credit risk is generally lowest among issuers that have a highcredit rating from an independent credit rating agency. It is generallyhighest 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 fluctuatemore than securities with higher interest ratings. They usually offerhigher interest rates, which may help to compensate for the highercredit risk.Depository Receipt RiskBanks or other financial institutions, known as depositories, issuedepository receipts that represent the value of securities issued byforeign companies. These receipts are most often known as ADRs(American Depositary Receipts), GDRs (Global Depositary Receipts),or EDRs (European Depositary Receipts), depending on the locationof the depository. Funds invest in depository receipts to obtainindirect ownership of foreign securities without trading on foreignmarkets. There is a risk that the value of the depository receiptsmay be less than the value of the foreign securities. This differencecan result from several factors: fees and expenses related to thedepository receipts; fluctuations in the exchange rate between thecurrency of the depository receipts and the currency of the foreignsecurities; differences in taxes between the depository receipts andthe 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 maybe less liquid, that the holders of depository receipts may have fewerlegal rights than if they held the foreign securities directly, and thatthe depository may change the terms of a depository receipt, includingterminating the depository receipt, in such a way that a mutual fund isforced to sell at an inopportune time.Derivative RiskThe most common risks of using derivatives are as follows:There is no guarantee that hedging strategies which may beemployed 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 fundmay not be able to close out its derivative positions. Derivativeinstruments in foreign markets may be less liquid and more riskythan comparable instruments traded in North American markets.Exchange- imposed trading limits could affect the ability of a mutualfund to close out its positions.The price of a derivative may not accurately reflect the value of theunderlying asset.The other party to a derivative contract may not be able to honour itsobligations under the contract.There is no assurance that a fund’s hedging strategies will beeffective. There may be an imperfect historical correlation betweenthe behaviour of the derivative instrument and the underlyinginstrument. Any historical correlation may not continue for the periodduring which the hedge is in place.Using derivatives to hedge against changes in currencies, stocksmarkets or interest rates cannot eliminate fluctuations in the pricesof securities in a fund or prevent losses if the prices of thesesecurities decline.Hedging may also limit the opportunity for gains if the value of thehedged currency or stock market should rise or if the hedged interestrate should fall.The inability to close out other options, futures and forward positionscould prevent a fund from using derivatives to effectively hedge itsportfolio or implement its strategy.31

Emerging Markets RiskInvestments in emerging market countries are generally considered topose greater risks than foreign investments in established markets. Ingeneral, securities markets in emerging countries may be smaller thanin more developed countries, making it more difficult to sell securitiesin order to take profits or avoid losses. Companies in these marketsmay have limited product lines, markets or resources, making it difficultto measure the value of the company. In general, emerging marketcountries have more fragile economies due to higher levels of inflation,higher government debt loads, and/or dependence on a relativelynarrow industrial base. Political instability and possible corruption,as well as lower standards of regulation for business practicesincrease the possibility of fraud and other legal problems. The value ofinvestments in these countries may rise and fall substantially.Equity RiskThe price of equity securities – also called stocks or shares – areaffected by stock market conditions and by general economic andfinancial conditions in those countries where the investments arelisted for trading or elsewhere. The price of equity securities ofcertain companies or companies within a particular industry sectormay also fluctuate differently than the stock market due to changesin the outlook for the company or the industry in which it operates.Historically, equity prices have been more volatile than prices forfixed income securities such as bonds. Accordingly, the value of fundswhose assets are weighted towards equities may be more volatile thanthe value of funds whose assets are weighted towards fixed incomesecurities.ETF RiskCertain funds may invest in exchange-traded funds (ETFs) which qualifyas index participation units. ETFs seek to provide returns similar to theperformance of a particular market index or industry sector index. ETFsmay not achieve the same return as their benchmark market or industrysector indices due to differences in the actual weights of securitiesheld in the ETF versus the weights in the relative index and due to theoperating and management expenses of the ETFs.Foreign Currency RiskThe value of securities issued in foreign currencies, or of securities thatpay income in foreign currencies, is affected by changes in the valueof the Canadian dollar relative to those currencies. For example, if theU.S. dollar rises relative to the Canadian dollar, U.S. shares will beworth more in Canadian dollars. On the other hand, if the U.S. dollarfalls, U.S. shares will be worth less in Canadian dollars.Foreign Investment RiskThere are some significant reasons to consider investing abroad.The economies of foreign countries may be growing much fasterthan Canada’s economy and this can mean that investments in thosecountries may grow more quickly too. Foreign investments alsogive you diversification because all of your money isn’t staying inCanada alone. However, foreign investments may involve risks notusually associated with investing in the Canadian market. BesidesForeign Currency Risk, foreign investments also involve the followingadditional risks:The value of foreign securities and, hence the value of funds whoseportfolios include such securities may be influenced by worldeconomic and political factors and foreign market conditions.Many foreign companies and countries do not have the sameaccounting, auditing and financial reporting standards that apply toNorth American companies.They may be less publicly available information about foreigncompanies and governments and the quality of the information maybe less reliable.Some foreign stock markets may be smaller and less regulated thanCanadian and U.S. exchanges. As a result of these and other factors,foreign markets may be more volatile and less liquid than NorthAmerican markets.Trading large orders in foreign countries may cause the price tofluctuate more than it would in North America.A country may impose withholding or other taxes that could reducethe return on investment or foreign currency exchange controls,whether already in existence in a country or newly imposed, thatmay make it difficult to sell an investment.Political and social instability, restrictions on the movement ofcapital and the threat of expropriation or nationalization can affectthe value of investments in less developed countries.Fixed-income securities bought on foreign markets- even somegovernment bonds – are often quite risky as there is the danger thatthe issuer will not pay off the debt or that the price of the securitieswill drop rapidly.The amount of risk also varies a lot from country to country. Securitiesin developed markets like Western Europe, for example, have lowerforeign investment risk because they are generally well regulatedand are relatively stable. Securities of governments and companies inemerging or developing markets of Southeast Asia and Latin America,for example, can have significant foreign investment risk. For moreinformation, please refer to the Emerging Markets Risk section.Income Trust and Limited Partnership RiskIncome trusts generally hold debt or equity securities in, or areentitled to receive royalties from, an underlying active business.Income trusts generally fall into four sectors: business trusts, powerand pipeline trusts, resource-based royalty trusts and real estateinvestment trusts. Investments in income trusts will have varyingdegrees of risk depending upon the sector and the underlyingassets. In general, income trusts face the same risks as describedin the Equity Risk section. They will also be subject to general risksassociated with business cycles, commodity prices, interest rates andother economic factors.32

Returns on income trusts are neither fixed nor guaranteed. Typicallyincome trusts and other securities that are expected to distributeincome are more volatile than fixed-income securities and preferredshares. The value of income trust units may decline significantly if theyare unable to meet their distribution targets. There is also the remoterisk that where claims against an income trust are not satisfied by thattrust, investors in the trust could be held liable for the outstandingobligations. Some, but not all, jurisdictions have enacted legislation toprotect 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 partnershipsare taxed. Generally, the new rules include a tax on certain publiclytradedincome trusts (not including certain real estate investmenttrusts) and limited partnerships with respect to certain distributions orincome allocations made by such entities. The changes will reduce thetax effectiveness of affected income trusts and limited partnerships. Inaddition, the changes have had, and may continue to have, an affecton the trading price of such income trusts and limited partnerships,which may affect the value of a fund or underlying fund that holdssuch investments.Index RiskIndex funds seek to provide returns similar to the performance of theirrespective benchmark indices. However, an index fund’s ability to matchthe return of the index is influenced by the operating and managementexpenses incurred by the fund, as well as by costs incurred when usingparticular passive investment strategies (i.e. market/index proportion,optimization, substitution or any combination thereof) for tracking theperformance of such index. Certain expenses are affected by the sizeof the fund, the composition of each index, the level of trading activityby the fund’s unitholders, and the cash flows experienced by the fundamong other factors. Frequent trading results in additional expenses,which may hamper a fund’s ability to achieve a return similar to that ofits benchmark index.Index funds may invest more than 10% of their assets in securitiesof any one issuer in order to satisfy their investment objectives andmore accurately track an index. As the fund’s assets may be moreexposed to any issuer, any increase or decrease in the value of thatissuer will have a greater impact on a fund’s net asset value and totalreturn. Therefore, an index fund could be more volatile than an activelymanaged fund that is limited to investing no more than 10% of itsassets in securities of any one issuer. An index fund that concentratesits investments could have greater fluctuations in value than funds withbroader diversification. The more an index fund concentrates its assetsin any one issuer, the more volatile and less diversified it may be. As aresult, it may be more difficult to get a preferred price in the event oflarge redemptions by unitholders.There is also the risk that the securities or weighting of the securitiesthat constitute an index that a fund tracks will change. In addition,neither the companies whose securities form part of the index, northe inclusion or removal of a company’s securities from an index, iswithin the control of the index fund. In such a situation, the fund mayexperience a higher portfolio turnover rate and increased costs such astransaction and custodian costs.Finally, where fair value pricing is used to value assets of a fund, itmay account for some of the difference in the tracking of the fund(valued using fair value pricing) to the relevant index (valued using endof-dayprices).Interest Rate RiskThe interest rate on a bond is set when it is issued. When interestrates fall, the price of existing bonds will rise because existing bondspay higher rates than new bonds, and are therefore worth more. Onthe other hand, when interest rates rise, the price of existing bondswill fall, and so will the value of the fund or underlying funds that holdsuch bonds. The value of debt securities that pay a floating or variableinterest 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 variesinversely with interest rates, just like bond prices. However, becausethey can be converted to common shares, convertible securities areless affected by interest rate fluctuations than bonds.Large Investor RiskUnits of mutual funds may be purchased and sold by large investors,such as financial institutions or other mutual funds. These investorsmay purchase or redeem large numbers of units of a fund at onetime. The purchase or redemption of a substantial number of unitsmay require the portfolio manager of the underlying fund to changethe composition of the underlying fund significantly or may force theportfolio manager to buy or sell investments at unfavourable prices,which can also affect the fund’s performance and may increase realizedcapital gains of the fund.Liquidity RiskLiquidity risk is the possibility that a fund will not be able to convertits investments to cash when it needs to. Some securities are illiquidbecause 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 pricechanges.Low Rated or Unrated Securities RiskSome investments offer a better return than others because they carryhigher risk. They may have a credit rating below investment grade orbe unrated. These investments may be hard to value because marketquotations are unavailable, and they may be less liquid than highergradeinvestments. Below investment grade and unrated securitiesinvolve significant risk exposure as there is less certainty regarding theissuer’s ability to pay interest and repay principal in the case of fixedincome securities or to pay dividends and redeem shares in the case ofpreferred shares, in accordance with the issuer’s obligations. Low ratedand unrated securities have the potential for substantial loss as well asgain, as will the funds which invest in such securities. This type of riskis similar to Credit Risk.33

Mortgage-Backed and Asset-Backed Securities RiskMortgage-backed securities are debt obligations backed by pools ofmortgages on commercial or residential real estate. Asset-backedsecurities are debt obligations that are backed by pools of consumeror business loans. Some asset-backed securities are short-term debtobligations, called asset-backed commercial paper (“ABCP”). If thereare changes in the market perception of issuers of these types ofsecurities, or in the creditworthiness of the parties involved, then thevalue of the securities may be affected. In the case of ABCP, there isan additional risk that there may be a mismatch in timing betweenthe cash flow of the underlying assets backing the security and therepayment obligation of the security upon maturity. In the case ofmortgage-backed securities, there is also the risk that there may be adrop in the interest rates charged on the mortgages, a mortgagor maydefault on its obligations under a mortgage or there may be a drop inthe value of the property secured by the mortgage.Multi-Class or Series RiskAlthough a fund may offer separate classes or series of units, thefund is a single legal entity. Accordingly, the investment performance,expenses or liabilities of one class or series may affect the valueof the units of another class or series. In particular, expensessignificantly attributable to a class or series of units will initially bededucted in calculating the unit price only for the class or series ofunits. However, those expenses will continue to be liabilities of thefund as a whole, if there are insufficient assets of a class or series topay those expenses, the remaining assets of this fund would be usedto pay the excess expenses.Municipal Obligation RiskCertain funds may invest in municipal obligations as part of their cashmanagement techniques. In addition to the usual risks associatedwith investing for income, the value of municipal obligations will beaffected by changes in actual or perceived credit quality. The creditquality of a municipal obligation will be affected by, among otherthings, the financial condition of the issuer or guarantor, the issuer’sfuture borrowing plans and sources of revenue, the economic feasibilityof the revenue bond project or general borrowing purpose, politicalor economic developments in the region or jurisdiction where thesecurity is issued and the liquidity of the security. Because municipalobligations are generally traded over-the-counter, the liquidity of aparticular issue often depends on the willingness of dealers to makea market in the security. The liquidity of some municipal issues can beenhanced by demand features which enable the investor to demandpayment from the issuer of a financial intermediary on short notice.Passive Management RiskSimilar to funds that are managed to track an index, some funds mayalso use passive management for a component of the fund, and to thatextent may be subject to similar risks as funds that are managed totrack an index. Please refer to both Index Risk and ETF Risk.Repurchase and Reverse Repurchase Agreements RiskSometimes funds enter into what are called repurchase transactionsand reverse repurchase transactions. A repurchase transaction is wherea fund sells a security to a party for cash and agrees to buy the samesecurity back from the same party at a higher price on an agreed futuredate. In a reverse repurchase transaction, a fund buys a security at oneprice from a third party and agrees to sell the same security back to thesame party at a higher price on an agreed future date.The risk with these types of transactions is that the other party maydefault under the agreement or go bankrupt. In a reverse repurchasetransaction the fund is left holding the security and may not be ableto sell the security at the same price it paid for it, plus interest, if theother party defaults and the market value for the security has droppedin the meantime. In the case of repurchase transaction, the fund couldincur a loss if the other party defaults and the value of the security soldhas increased more than the value of the cash and collateral held.To reduce risks, the other party to the transaction is required to putup collateral to the fund. The value of the collateral has to be atleast 102% of the market value of the security sold (for a repurchasetransaction) or of the cash paid for the securities purchased (for areverse repurchase transaction). Repurchase and securities lendingtransactions (see Securities Lending Risk) are limited to 50% of afund’s assets, excluding the cash held by the fund for securities sold ina repurchase transaction and collateral or sales proceeds received in asecurities lending transaction.Securities Lending RiskSome funds may engage in securities lending transactions. In asecurities lending transaction, the fund lends portfolio securities heldby the fund to qualified borrowers who have posted collateral for a feeand a set period of time. In lending its securities, the fund is subject tothe risk that the borrower may not fulfill its obligations leaving the fundholding collateral worth less than the securities it has lent, resulting ina 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 thecollateral is adjusted daily to ensure the level is maintained. Thecollateral may only consist of cash, qualified securities or securitiesthat can be immediately converted into identical securities to thosethat have been loaned. To further limit risk, a fund cannot lend morethan 50% of the total value of its assets through securities lendingor repurchase transactions (see Repurchase and Reverse RepurchaseAgreements Risk) and a fund’s total exposure to any one borrower insecurities, derivative transactions and securities lending must be lessthan 10% of the total value of the fund’s assets.Short Selling RiskSome funds may engage in a limited amount of short selling. A “shortsale” is where a fund borrows securities from a lender and sells themin the open market. The fund must repurchase the securities at a laterdate in order to return them to the lender. In the interim, the proceeds34

from the short sale are deposited with the lender and the fund paysthe interest to the lender on the borrowed securities. If the value of thesecurities declines between the time of the initial short sale and thetime it repurchases and returns the securities, the fund makes a profitfor the difference (less any interest paid by the fund to the lender). Ifthe price of the borrowed securities rises, however, a loss will result.There are risks associated with short selling, namely that the borrowedsecurities will rise in value or not decline enough to cover the fund’scosts. The fund may also experience difficulties in repurchasing theborrowed securities if a liquid market for the securities does not exist.In addition, the lender from whom the fund has borrowed securitiesmay become bankrupt, causing the borrowing fund to lose thecollateral it deposited with the lender.To limit the risks associated with short sale transactions, a fund willadhere to controls and limits that are intended to offset these risks byshort selling the securities of larger issuers for which a liquid market isexpected to be maintained and by limiting the amount of exposure forshort sales. A fund will also deposit collateral only with lenders thatmeet certain criteria for creditworthiness and only up to certain limits.Although some funds may not engage in short selling directly, they maybe exposed to short selling because the underlying funds in which theyinvest may be engaged in short selling.Small Company RiskSmall 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 marketsfor their products. Smaller companies generally have fewer sharestrading in the market than larger companies, so a buy or sell of theirshares will have a greater impact on their share price. The value offunds that buy these investments may rise and fall significantly overshort periods of time.Small Fund RiskA fund with a low net asset value may be at risk of being discontinuedand reallocated to another fund as it does not have sufficient assets tobe effectively managed.Specialization RiskSome funds specialize in investing in a particular industry or regionof the world. Specialization lets the portfolio manager focus on thepotential of that industry or geographic area, but it also means thatthe fund may be more volatile if there is a downturn in the industry orgeographic area since there are relatively few other investments tooffset the downturn. These specialty funds must continue to invest in aparticular industry or geographic area even if it is not growing.Target-Date RiskTarget-date funds, also referred to as “lifecycle” or “age-based”funds, operate under an asset allocation formula that adjusts itsasset allocation to become more conservative over time typically byincreasing its fixed income allocation and reducing its equity allocationas the fund gets closer to the target year.The target year is generally identified in the name of the fund. Whilethese funds are a convenient option for many investors, the assetallocation is not necessarily appropriate for every investor dependingon the risk profile/expectations of the investor.Tax Change RiskThere can be no assurance that changes will not be made to the rulesaffecting the taxation of a fund or a fund’s investments, or in theadministration of such tax rules.Tracking RiskCertain funds may seek to have all or a substantial portion of theirreturns linked to the performance of one or more underlying funds. Thisis achieved by the fund directly purchasing units of these underlyingfund(s). The return of the fund may be lower than that of the underlyingfund(s) because the fund bears its own fees and expenses, and theremay be delays between the time any monies are invested in the fundand those monies are used to purchase units of the underlying fund(s).Underlying Fund RiskSome funds (for this purpose, the “top fund”) invest some or all of theirassets in units or shares of other underlying funds. If the investorsin the top fund redeem large amounts of their units resulting incorresponding redemptions by the top fund in the underlying funds, theunderlying funds may have to liquidate some of their investments atunfavourable prices in order to fund such redemption requests. Suchactivity can reduce the returns of the underlying funds, and therefore,the performance of the top fund as well. This type of risk is similar toLarge Investor Risk.Any amount that is allocated to a segregated fund is invested at therisk of the contract holder and may increase or decrease in value.Additional investment policies of the imaxxGIFsFund earningsThe earnings of each imaxxGIF are currently reinvested in thatimaxxGIF. We have the right to discontinue this practice at any time.Fund investments and eligibility for investment by aregistered planCurrently, units of each of the imaxxGIFs are qualified investments forregistered plans.35

Changes to investment objective, policy, andrestrictionsFor each fund, we will describe the investment objective and theinvestment policy, restrictions and risks applicable to that fund. Theinvestment policy and restrictions may change from time to time.Transamerica Life Canada’s investment policies comply with theCanadian Life and Health Insurance Association Inc. (CLHIA) Guidelineson Individual Variable Insurance Contracts Relating to SegregatedFunds, as amended, and approved by the CLHIA Board of Directors andthe Canadian Council of Insurance Regulators as well as the Autoritédes marches financiers (AMF) Guidelines.We may also change the investment objective of a fund. A change tothe investment objective can be considered a fundamental change.Please see section the Fundamental Changes section.Availability of imaxxGIFsWe have the right to discontinue offering a fund, add, merge or splitfund(s) within the contract, and both a fund discontinuance and mergerare subject to the provisions of the CLHIA Guidelines on IndividualVariable Insurance Contracts and the Autorité des marches financiers(AMF) Guidelines in effect.This transaction may be a taxable event and subject to the fundamentalchange rule. Please see the fundamental change section.We reserve the right to refuse new or additional deposits to ortransfers into an imaxxGIF after sending 60 days written notice toyou. We may also re-open a previously closed imaxxGIF for newand additional deposits and transfers in. During the notice period,the owner shall not deposit or transfer new funds to the imaxxGIFdesignated as no longer available for new deposits or transfers, exceptfor transfers received within 5 days of the notice date.The value of the units cancelled or acquired to effect a fundtransfer or fund discontinuance is not guaranteed but varies inaccordance with fluctuations in the market value of the assetsof the particular fund.36

Other important informationClaims of creditorsUnder provincial insurance laws, this contract may be protected fromyour creditors if the beneficiary is the spouse, parent, child or grandchildof the annuitant (in Quebec, the beneficiary must be the married orcivil union spouse, the ascendant or descendant of the owner), or if thebeneficiary is named irrevocably. This description is of a generalnature only. There are important limitations with respect to thisprotection and this description does not include all possibleconsiderations. This summary is not intended to be, nor shouldit be construed to be, legal advice. You should consult your ownlegal advisor with respect to your particular circumstances.In addition, if your contract is a nominee-name contract with a brokeror dealer, creditor protection may not be available. Again, you shouldconsult with your legal advisor about your particular situation.Tax implicationsIn general, if your contract is issued to you as an RSP and registeredunder the Income Tax Act (Canada) or other applicable provincial taxlegislation, then your deposits are tax deductible, up to the limitspermitted under applicable tax laws unless the contract has beenacquired as a result of a transfer from another tax sheltered vehicle inwhich case the transfer may occur on a tax sheltered basis. No tax ispayable on income earned by the imaxxGIFs at the time it is earned.At maturity, however, the retirement income payments are fully taxableas income. The Income Tax Act (Canada) currently stipulates thatretirement income must commence no later than December 31 of theyear in which you attain the RSP age.In general, if the contract is issued as a RIF and registered under theIncome Tax Act (Canada) or other applicable provincial tax legislation,then no tax is payable on income earned by the imaxxGIFs at the timeit is earned. Retirement income payments and other payments under aRIF are fully taxable.If the contract is issued as a LIRA, RLSP or locked-in RSP, then thetax treatment is essentially the same as that described for an RSP.Similarly, if your contract is issued as a LIF/RLIF/PRIF, then the taxtreatment is essentially the same as that described for a RIF.If the guaranteed amount on the contract maturity date or guaranteedamount on the death benefit date is greater than the market value ofthe contract on the contract maturity date or death benefit date, asthe case may be, we will make up the difference. The difference iscalled “Top-Up Benefit”. The Top-Up Benefit amount that we pay onthe imaxx contract maturity benefit or the imaxx death benefit isconsidered to be part of the market value of the contract. It will betaxable to you, your beneficiary or your Estate unless it is transferredto another registered plan. We recommend that you consult yourtax advisor to consider the tax treatment of Top-Up Benefits in yourindividual circumstances. Based on our current understanding of theIncome Tax Act (Canada), we will report the top-up as a capital gain onnon-registered plans.In general, the direct transfer of monies from a contract issued as aRSP, RIF, LIRA, RLSP, locked-in RSP or LIF/PRIF/RLIF to another RSP, RIF,LIRA, RLSP, locked-in RSP or LIF/PRIF/RLIF will be tax sheltered. If thecontract is issued as an RSP, RIF, LIRA, RLSP, locked-in RSP or LIF/PRIF/RLIF, a surrender (withdrawal) of monies from the contract or otherpayment under the contract will be fully taxable.If your contract is a LIRA, locked-in RSP, RLSP, PRIF, RLIF or LIF, thenadditional information must be provided to you by us regarding yourcontract in accordance with the requirements of applicable pensionbenefits legislation. These requirements vary to some extent amongdifferent provinces (and for federally regulated employers) and thereforeyou should review the applicable endorsement for your contract.The Income Tax Act (Canada) provides that annuity contracts (includingannuity contracts which offer investments in segregated funds) may bequalified investments for RRIF and RRSP trusts. A contract that is notissued as a RSP, LIRA, RLSP, locked-in RSP, RIF or LIF/PRIF/RLIF may bea qualified investment for a RIF trust or RSP trust. You should consultyour advisor with respect to the status of your contract as a qualifiedinvestment in your circumstances.This section as well as other tax information contained in this folderis a summary only of the principal Canadian federal income taxconsiderations arising under the Income Tax Act (Canada) and theregulations thereunder to prospective owners of contracts who areresidents of Canada and who hold their policies as capital property andwho deal at arm's length with us. A policy will generally be consideredcapital property to a policyholder unless the policy holder either holdssuch policy in the course of carrying on a business or as an adventurein the nature of trade.The tax summary contained in this section as well as tax informationcontained elsewhere in this folder is based upon the provisions of theIncome Tax Act (Canada) and the regulations thereunder currently ineffect, upon all proposed amendments thereto publicly released bythe Department of Finance (Canada) prior to the date of printing thisfolder and upon our understanding of the administrative practices andpolicies of the Canada Revenue Agency, currently in effect. Except forsuch proposed amendments, this tax summary neither anticipates anychanges in law whether by legislative, governmental or judicial action,nor does it take into account provincial or foreign income tax legislationor considerations.This tax summary is of a general nature only and is not intendedto be, nor should it be construed to be, legal or tax advice to you.Therefore, you should consult your advisor with respect to yourparticular circumstances. You are urged to consult your advisorfor full particulars of the tax implications of establishing,amending and terminating registered plans under the IncomeTax Act (Canada) and the applicable provincial tax legislation.It is your responsibility as an investor in a registered plan todetermine the consequences to you under relevant income taxlegislation, and we assume no liability to you as a result ofmaking the registered plans available for investment.37

Tax status of the imaxxGIFsWe are subject, under the current Income Tax Act (Canada), to a taxat regular corporate rates on our income. In general, under the IncomeTax Act (Canada), investment income allocated to policies from anyimaxxGIFs established under Section 451 of the Insurance CompaniesAct is excluded from the calculation of our taxable income.In general, the value of the units in an imaxxGIF allocated to a policywill not be reduced by income tax payable by the policy holder on theincome from monies invested in respect of that policy or on the gainsrealized on such investments. However, the imaxxGIFs are subjectto foreign withholding taxes on income derived from non-Canadianinvestments.Limitation of ActionsEvery action or proceeding against an insurer for the recovery ofinsurance money payable under the contract is absolutely barred unlesscommenced within the time set out in the Insurance Act, or otherapplicable provincial legislation.38

Marketing StatementOrganization and management of the imaxxGIFsFund ManagerWe are responsible for the management of the imaxxGIFs. Managementof the imaxxGIFs includes the day-to-day business and operations of theimaxxGIFs and the appointment of any portfolio manager.Portfolio ManagersThe portfolio managers for the imaxxGIFs provide investmentanalysis, recommendations and decisions, and buy and sell securitiesfor the imaxxGIFs. The portfolio managers may receive a fee in returnfor their services, which is paid out of imaxxGIF assets. See page 27for more information about management fees.We have the right to change the portfolio manager of any fund, at anytime at our discretion. The portfolio manager is the person or team ofpeople who are directly responsible for the investment decisions ofany fund.We retain AEGON Capital Management Inc. as portfolio managers forthe following imaxxGIFs:Transamerica Canadian Money Market GIF – imaxxGIF, TransamericaCanadian Bond GIF – imaxxGIF, Transamerica Canadian BalancedGIF – imaxxGIF, Transamerica Canadian Fixed Pay GIF – imaxxGIF,Transamerica Canadian Equity GIF – imaxxGIF and TransamericaCanadian Short-Term Bond GIF – imaxxGIF.AEGON Capital Management Inc. is located at 500– 5000 Yonge Street,Toronto, Ontario, M2N 7J8.The manager of the underlying fund of the Transamerica FidelityCanadian Asset Allocation GIF – imaxxGIF and Transamerica FidelityCanadian Balanced GIF – imaxxGIF is Fidelity Investments CanadaLimited, 483 Bay Street, Suite 200, Toronto, Ontario, M5G 2N7.The manager of the underlying fund of the Transamerica TD DividendIncome GIF – imaxxGIF, Transamerica TD Dividend Balanced GIP –imaxxGIF and Transamerica TD Income Advantage GIF – imaxxGIFis TD Asset Management Inc., TD Canada Trust Tower, 161 Bay Street,32 nd Floor, M5J 2T2.The manager of the of the underlying fund of the Transamerica CIConservative GIP – imaxxGIF, Transamerica CI Balanced GIP –imaxxGIF, Transamerica CI Canadian Balanced GIP – imaxxGIF,Transamerica CI Growth GIP – imaxxGIF, Transamerica CI MaximumGrowth GIP – imaxxGIF is CI Investments Inc. 2 Queen Street East,20th Floor, Toronto, Ontario M5C 3G7.The manager of the underlying fund of the Transamerica QuotentialBalanced Income GIF – imaxxGIF, Transamerica Quotential BalancedGrowth GIF – imaxxGIF and the Transamerica Quotential Growth GIF –imaxxGIF is Franklin Templeton Investments, 5000 Yonge Street,Suite 900, Toronto, Ontario, M2N 0A7.From time to time we will notify you of important informationand provisions of the contract. It is your obligation to notify usof any change in your address as we are not responsible for anymissed opportunities or losses resulting from your address notbeing kept up to date.Investment Management of the FundsAs part of our responsibility for the day-to-day management of thefunds, we have retained on a non-exclusive basis various portfoliomanagers to manage the assets of the funds. The portfolio manageris the person or team of people who are directly responsible for theinvestment decisions of any fund.The names and addresses of the portfolio managers and theirrelationships to us, for each fund, can be found in in the Fund Facts.With regards to conflicts of interest between us and a portfoliomanager, we have reserved the right to terminate, if necessary, theportfolio manager.We have the right to change the portfolio manager of any fund, atany time at our discretion. The portfolio manager is the person orteam of people who are directly responsible for the investmentdecisions of any fund or any underlying fund.We have the right to change an underlying fund of any fund, at anytime at our discretion. Please see page 27, Fundamental Changes formore information.CustodianThe custodian of the imaxxGIFs is RBC Dexia Investor Services Trust(formerly, Royal Trust Corporation of Canada), 200 Bay Street, NorthTower, Toronto, Ontario, M5J 2J5.AuditorWe have appointed Ernst & Young LLP, 222 Bay Street, Toronto,Ontario, M5K 1J7 as auditors of the imaxxGIFs.Other disclosureThe management of Transamerica has no material interest intransactions with respect to any contract.In 2008, Transamerica entered into a contract with RBC Dexia InvestorServices Trust for the provision of investment accounting services inrespect of the funds. There are no other materials facts relating to yourContract that have not been otherwise disclosed.The imaxxGIFs and your Annuity Policy are not issued, sponsored,endorsed, sold or promoted by The Toronto Stock Exchange, Standard &Poor’s (The McGraw-Hill Companies, Inc.), The NASDAQ Stock MarketInc., FT-SE International Limited, or the owners of the EuroSTOXX TM50 Index, the DAX Stock Index or the CAC 40 Stock Index or any othersimilar market indices that may be referenced herein from time to time.None of such entities makes any representation or warranty, express orimplied, whatsoever regarding the advisability of selecting any guaranteeoption, imaxxGIF, or making any investment or acquiring the contract,and none of such entities bears any liability with respect to your contract.39

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TRANSAMERICA INVESTMENT PORTFOLIO TM IIANNUITY POLICYAny amount that is allocated to a segregated fund is invested at the risk of the contract holder(s) andmay increase or decrease in value.41

Transamerica Investment Portfolio tm II – Annuity Policy1. DefinitionsIn this policy,75/75 Guarantee Option, 75/100 Guarantee Option and 100/100Guarantee Option have the meanings specified in section 14 ofthis policy and Guarantee Options means all such options;75% Guaranteed Amount has the meaning specified in section15 of this policy;100% Guaranteed Amount has the meaning specified in section15 of this policy;Aggregate Class Value has the meaning specified in subsection9.2 of this policy;Annuitant means the annuitant (or if such individual predeceasesthe annuitant, the successor annuitant) as selected by the Ownerand named in the Application or as changed in accordance withthe provisions of this policy. The Annuitant must be a Canadianresident at the time the contract is issued;Application means the application for Annuity Policy completed inconnection with the establishment of this policy;Beneficiary means the person who is or the persons who are, asapplicable, to receive the proceeds in the event of the death of theAnnuitant, as designated in the Application or as later changed inaccordance with the provisions of this policy;Business Day means a day other than a Saturday, Sunday andstatutory holiday observed in the Province of Ontario, Canada;Classes has the meaning specified in section 8 of this policyand Class A Units, Class B Units and Class C Units have themeanings specified in subsection 8.2 of this policy;Closing Decade means the ten year period immediately prior tothe Contract Maturity Date;Confirmation Notice has the meaning specified in subsection 2.1of this policy;Contract has the meaning specified in subsection 2.1 of this policy;imaxx Contract Maturity Benefit has the meaning specified insection 20 of this policy;imaxx Death Benefit has the meaning specified in subsection18.2 of this policy;Contract Maturity Date means:Contract TypeRSP, RIF, LIRA, LRSP, LIF,PRIF, RLSP and RLIFNew Brunswick LIRAand LIFNewfoundland LIRA and LIFMaturity DateDecember 31 st of the year in whichthe Annuitant turns 100 years of ageDecember 31 st of the year in whichthe Annuitant turns 90 years of ageDecember 31 st of the year in whichthe Annuitant turns 80 years of ageDeferred Sales Charge Option means the option for makingDeposits to the Contract in respect of the funds whereby theentire amount paid by the owner and received by Transamericafor investment in Units (less any applicable premium taxes andother governmental levies) is allocated to acquire Units. Foradditional information please refer to page 26 of the imaxxGIFInformation Folder;Deposit means the premium or premiums received byTransamerica from time to time in respect of this policy afterdeduction of any applicable sales charges and premium taxes orother governmental levies, but does not include the dollar amountof any transfers between funds;imaxx Deposit Maturity Benefit has the meaning described insubsection 17.3 of this policy;Deposit Maturity Date has the meaning described in subsection17.1 of this policy;Deposit Year Account means a notional account into whichTransamerica records all Deposits allocated to the Contract inrespect of the Guaranteed Investment Funds during a particulardeposit year;Deposit Year Account Value at any time means the total unitvalue of the Units allocated to the Deposit Year Account;Distributor in relation to the contract means a person, firm,corporation or other entity who is duly licensed by the appropriateregulatory authorities to solicit applications for insurance in theapplicable jurisdiction, and to whom Transamerica is contractuallybound to pay in relation to such contract the sales commission orthe servicing commission, or both;DSC Units means Units allocated to the Contract in the case of aninvestment made pursuant to the Deferred Sales Charge Option;Electronic application means an application, whether theapplication or a subsequent Deposit application, which is submittedelectronically by a person duly authorized for that purpose byTransamerica according to the particular protocol approved by it(currently, only FundServ), and Non-electronic applicationmeans an application which is not an Electronic Application;Guaranteed Amount has the meaning specified in section 15 ofthis policy;Guaranteed Investment Fund or GIF means any of thesegregated funds which Transamerica then makes availablefor the investment of Deposits under the Contract and includesthe Guaranteed Investment Portfolio (GIP), and GuaranteedInvestment Funds or GIFs means more than one GuaranteedInvestment Fund;Head Office means the office of Transamerica located at500 – 5000 Yonge Street, Toronto, Ontario, M2N 7J8, or such otheraddress that Transamerica may from time to time send notice tothe Owner as being its head office or principal place of business;42

Initial Sales Charge Option means the option for makingDeposits to the contract whereby a sales charge is deducted fromthe amount received for investment and paid to the Distributor,and the remaining amount, (less any applicable premium taxes andother governmental levies) is allocated to acquire Units;Owner means the owner or owners of this policy, as named inthe Application or as changed in accordance with the provisions ofthis policy. The Owner must be a Canadian resident at the time theContract is issued.Reset Date means the Valuation on which a new imaxx DeathGuaranteed Amount is set for each existing imaxx DeathGuaranteed Amount of a Contract;RSP age means age 71 or any other age as defined by the IncomeTax Act (Canada);Successor Annuitant means a person who will become theannuitant when the primary annuitant dies and for the purposesof the contract will be considered the annuitant. A SuccessorAnnuitant can be designated for RIF contracts (only a spouse orcommon-law partner can be designated as a successor annuitant).The owner may appoint a successor annuitant only while theannuitant is living.Total Fund Value at any time means the sum of the value of theUnits to the Contract’s credit in all of the Guaranteed InvestmentFunds, calculated by multiplying the Unit Value of the Class ofUnits held under the Contract in each of the Guaranteed InvestmentFunds in effect on the last Valuation Date by the number of Unitsof that Class to the Contract’s credit in the particular GuaranteedInvestment Fund.The Total Fund Value is not guaranteed but varies inaccordance with fluctuations in the market value of theassets of the particular Guaranteed Investment Fund(s);Transamerica means Transamerica Life Canada;Units means participation interests in one or more GIFs;Unit Value has the meaning specified in subsection 9.3 of thispolicy; andValuation Date means a Business Day on which Transamerica isopen for business and on which it determines the market value ofthe assets of a Guaranteed Investment Fund;1.2. The Valuation Date coinciding with the effective date of the firstDeposit to any of the Guaranteed Investment Funds or of the datethe Deposit Maturity Benefit is reinvested under subsection 17.5 isthe date from which deposit years, anniversary dates and DepositMaturity Dates are measured.2. Contract2.1. The entire contract between the parties consists of this policy(including any endorsements or riders incorporated by referencein this policy at the time of its issue), the first notice (a“Confirmation Notice”) issued by Transamerica with respect to aDeposit received under this policy, any subsequent ConfirmationNotices issued by Transamerica, the Application and anyamendments to the foregoing agreed to by Transamerica inwriting after the date that this policy is issued (the “Contract”).The following information presented in the Fund Factdocuments also forms part of the contract:Name of the contract and the segregated fundsManagement Expense Ratio, fees and expensesRisk disclosureRight to cancelThe Fund Fact documents are included in the Information Folderand are also available on our website at www.transamerica.ca. Theinformation provided in the Fund Facts is accurate and complieswith the requirements of the Individual Variable InsuranceContract Guideline as of the date the information was prepared.Any error in the Fund Facts information described above will beremedied by correction of the error, where reasonable, but willnot entitle you to benefit from the error.You may also cancel the Contract, any Deposit(s) or fundallocation (transfer) in accordance with the rules describedbelow in ‘Rescission Rights’.2.2. Rescission RightsYou may cancel the Contract, any Deposit(s) or any fundallocation (transfer) provided you send us written noticerequesting the cancellation within two (2) business days of theearlier of (i) the date you receive the transaction confirmation;and, (ii) five (5) business days from the date it is mailed byus. You will be deemed to have received the transactionconfirmation five business days after we have mailed it to you.On the Valuation Date we receive your request forcancellation of:(a) the Contract or a Deposit, the value of cancelled Units willbe refunded to you.(b) an allocation between funds (transfer), the value of thecancelled Units will be returned to the immediatelypreceding fund allocation.The value of the cancelled Units will be the lesser of (i) themarket value of the Units on the Valuation Date of the Depositor transfer, and (ii) the market value of the Units on theValuation Date your cancellation request was received by us.43

Any sales charges or other fees charged to you for the Depositor transfer will be reversed. A cancellation of a fund transferwill include a reversal of any fees resulting from the transferbut will not be refunded in cash. A request for cancellationmust clearly identify the specific transaction you wish to cancel.2.3. If the Contract is issued as a Retirement Savings Plan (“RSP”),Locked-in Retirement Account (“LIRA”), Locked-in RetirementSavings Plan (“Locked-in RSP”), Restricted Locked-in SavingsPlan (RLSP), Retirement Income Fund (“RIF”), PrescribedRegistered Income Fund (“PRIF”), Restricted Life Income Fund(RLIF), Life Income Fund (“LIF”), Saskatchewan PrescribedRegistered Income Fund (PRIF), the provisions of the RSP, LIRA,RLSP, Locked-in RSP, RIF, RLIF, or LIF endorsement, as the casemay be, override any provisions of this Annuity Policy which areinconsistent with such applicable endorsement.2.4. Transamerica will not be bound by any agreement, promise,proposal, representation or understanding which is notexpressly contained in the Contract. Only Transamerica’sPresident or one of its Vice-Presidents together with itsSecretary has the authority to waive, amend or modify theContract including any terms or provisions contained withinit, and then only in writing. NO BROKER OR AGENT ISAUTHORIZED TO WAIVE, AMEND OR MODIFY ANY OF THETERMS OR PROVISIONS OF THE CONTRACT.2.5. Transamerica reserves the right to amend the contract at anytime and from time to time without prior written notice tothe owner should any legislative, governmental, regulatory orjudicial authority having jurisdiction change the law or imposerequirements which affect the contract. Transamerica willinform you of changes to the contract resulting from legislative,governmental, regulatory or judicial amendments along withregular communications sent to you.3. effective date3.1. The contract takes effect on the Valuation Date coinciding withor next following the later of (i) the date on which we receiveyour first Deposit; and (ii) the date we confirm that the contracthas been set up in accordance with our Administrative Rules.Delivery of a copy of the Annuity Policy does not constituteacceptance of a contract. The date the contract takes effect iscalled the “Effective Date”.The Effective Date determines the Policy Anniversary Date.4. number of contracts4.1. Owners are limited to one Contract based on the life of thesame annuitant for each registration status, type of plan under agoverning pension regulator, spousal plan status and guaranteeoption. If you purchase more than one Contract with the sameannuitant, the same spousal plan status, the same type of planunder a governing pension regulator, the same Guarantee Optionand the same registered status, Transamerica shall have theright to combine those Contracts into one Contract with theidentical options and the terms of the earlier Contract.Accordingly, an owner may only have one of each the followingcontracts with the same annuitant, as follows:75/75 guarantee option RSP contract75/75 guarantee option RIF contract75/75 guarantee option spousal RSP contract75/75 guarantee option spousal RIF contract75/75 guarantee option LIRA/LRSP/RLSP contract(per governing pension regulator)75/75 guarantee option LIF/RLIF contract(per governing pension regulator)75/75 guarantee option PRIF contract(per governing pension regulator)75/100 guarantee option RSP contract75/100 guarantee option RIF contract75/100 guarantee option spousal RSP contract75/100 guarantee option spousal RIF contract75/100 guarantee option LIRA/LRSP/RLSP contract(per governing pension regulator)75/100 guarantee option LIF/RLIF contract(per governing pension regulator)75/100 guarantee option PRIF contract(per governing pension regulator)100/100 guarantee option RSP contract100/100 guarantee option RIF contract100/100 guarantee option spousal RSP contract100/100 guarantee option spousal RIF contract100/100 guarantee option LIRA/LRSP/RLSPcontract (per governing pension regulator)100/100 guarantee option LIF/RLIF contract(per governing pension regulator)100/100 guarantee option PRIF contract(per governing pension regulator)5. Registration PlansThis Contract is available for issue as a registered or a locked-inincome plan (RIF, LIF, PRIF, RLIF) for the sole purpose of transfersfrom contracts designated by Transamerica.Subject to legislation, prior to the RSP age, the Owner maychange the registration status from a registered or a locked-inincome plan to a registered or locked-in savings plan (RSP, LIRA,44

LRSP, RLSP). In this case, unless the Owner indicates otherwise,Transamerica will automatically change the registration statusas follows from:a RRSP to a RRIFa LIRA or LRSP to a LIF;a LIRA governed by the laws of Saskatchewan to a PRIF; ora RLSP to a RLIFThe Contract Maturity Date as defined in section 1 remainsunchanged.6. Deposits6.1. Subject to Transamerica’s then current deposit and otheradministrative rules and any legislative or regulatoryrequirements, a Deposit or Deposits may be made under thispolicy at any time before the commencement of the ClosingDecade, the Annuitant’s 81 st birthday or the date of death of theAnnuitant, whichever shall first occur. Each amount receivedby Transamerica for investment under the Contract shall bereduced by any applicable sales charges, premium taxes andother governmental levies with respect to such amount.6.2. Subject to Transamerica’s then current deposit and otheradministrative rules and any legislative or regulatoryrequirements, the Owner may elect to make a Depositaccording to either the Initial Sales Charge Method or theDeferred Sales Charge Method.If the Initial Sales Charge Method applies, then a sales chargewill be deducted from the amount received for investment.The remaining amount (less any premium taxes and othergovernmental levies), will be divided by the applicable UnitValue on the effective date of the Deposit to determine thenumber of the applicable Units of the Guaranteed InvestmentFund which will be allocated to the Contract. The maximumcurrent sales charge for all Guaranteed Investment Fundspurchased with the Initial Sales Charge Method is negotiatedbetween you and your advisor from 0% to a maximum amountof 5% of the total amount received. Transamerica may at anytime, in its sole discretion, modify, change or cancel the InitialSales Charge.If the Deferred Sales Charge Method applies, then the entireamount received for investment (after deducting any premiumtaxes and other governmental levies) will be divided by theapplicable Unit Value on the effective date of the Deposit todetermine the number of the applicable Units of the GuaranteedInvestment Fund which will be allocated to the Contract.Transamerica may at any time, in its sole discretion, modify,change or cancel the Deferred Sales Charge.Any amount that is allocated to a segregated fund isinvested at the risk of the contract holder and mayincrease or decrease in value.The minimum initial Deposit for a LIF, RLIF, PRIF or RIF contractis $10,000. The minimum that can be allocated to a specificimaxxGIF is $250. Each additional deposit to the sameimaxxGIF must be at least $100. The minimum pre-authorizeddeposit is $50.00, of which the minimum deposit to a particularimaxxGIF is $25.00.No more than $500,000 may be contributed to your contract inone (1) calendar year without our prior written consent.Transamerica reserves the right to make changes, additions ordeletions to these rules from time to time.6.3. In the case of Non-electronic Applications, if the applicableDeposit is received in good order (including a cheque payableto Transamerica in the amount of the Deposit) and accepted byTransamerica at or prior to a cut off time established from timeto time by Transamerica (currently 3:00 p.m. Toronto time) ona Valuation Date, then Units will be allocated to the Contractbased on the applicable Unit Value in effect on such date (suchdate being the effective date of that Deposit). In the case ofNon-electronic Applications, if the applicable Deposit is receivedin good order and accepted after the cut off time on a ValuationDate, then Units will be allocated to the Contract based on theapplicable Unit Value in effect on the next Valuation Date (suchdate being the effective date of that Deposit). If Transamericareceives such a Deposit on a day which is not a Valuation Date,then the Deposit will be deemed to have been received on thenext Valuation Date, and the time of receipt will be prior tothe cut off time described above on such date. Transamericareserves the right to change this time requirement.6.4. In the case of electronic applications, if the applicableApplication or subsequent Deposit application is received ingood order and accepted by Transamerica at or prior to a cut offtime established from time to time by Transamerica (currently4:00 p.m. Toronto time) on a Valuation Date, then Units will beallocated to the Contract based on the applicable Unit Value ineffect on such date (such date being the effective date of thatDeposit). In the case of Electronic Applications, if the applicableApplication or subsequent Deposit application is received ingood order and accepted after the cut off time on a ValuationDate, then Units will be allocated to the Contract based on theapplicable Unit Value in effect on the next Valuation Date (suchdate being the effective date of that Deposit). If Transamericareceives in good order such an Application or subsequentDeposit application on a day which is not a Valuation Date,then the Application or subsequent Deposit application, as thecase may be, will be deemed to have been received on the nextValuation Date, and the time of receipt will be prior to the cutoff time described above on such date. Transamerica reservesthe right to change this time requirement.45

If the total amount of the Deposit and all necessary documentsare not received in good order by Transamerica within threebusiness days of the effective date of the Deposit (or such otherperiod as Transamerica may designate at any time and from timeto time), Transamerica will cancel, on the next business day,the Units which have been purchased with the Deposit. If theproceeds of this cancellation exceed the amount of the applicableDeposit, Transamerica will reimburse the deposit received to theOwner and the excess will be retained by Transamerica. If theproceeds are less than the amount of the applicable Deposit, theOwner owes the amount of the shortfall to Transamerica.6.5. Subject to subsection 6.1, the amount of a Deposit will be dividedby the applicable Unit Value on the effective date of the Depositto determine the number of Units of the applicable GuaranteedInvestment Fund which will be allocated to the Contract.Any amount that is allocated to a segregated fund isinvested at the risk of the contract holder and mayincrease or decrease in value.6.6. A Deposit will be allocated to that Class of Units in theGuaranteed Investment Fund which the Owner chooses (byselecting the applicable guarantee option as provided in section14) when making the initial Deposit under the Contract. Onlyone Class of Units of the Guaranteed Investment Funds may bechosen per Contract. Once made such choice cannot be changed.6.7. You may establish a pre-authorized chequing (PAC) plan tomake deposits on a scheduled basis for RRSP Contracts only. Itis not available for Contracts registered as a RIF and locked-inincome plans. We have the right to cancel the PAC at any time,upon 10 days’ notice to you. If we discontinue a fund or closea fund to new deposits, we have the right to direct the PAC toanother fund. Subject to our Administrative Rules, we will stopprocessing deposits by PAC if they are returned unprocessed.You will be required to notify us in writing to re-establishdeposits to the Contract by PAC.6.8. We have the right in accordance with our Administrative Rules to:(i) refuse to accept deposits,(ii) limit the amount of deposits allocated to a fund or to thecontract, or(iii) impose any requirements as a precondition to makingany deposits.(iv) refuse to open new contracts(v) refund deposits previously accepted within 90 days7. assets of the Guaranteed Investment FundsThe assets of the funds are owned by Transamerica and aresegregated from Transamerica’s other assets. The funds are nota separate legal entity. The funds are divided into units of oneor more classes which are attributed to individual contracts onlyfor the purpose of determining benefits under those contracts.Accordingly, a unit is a notional concept only and the owneracquires no direct claim on or property interest in the unitsof the funds. The number of units of a cass in a fund includesfractions. The owner has no right to direct the investment ofassets in any fund.8. Classes8.1. Each Guaranteed Investment Fund may be divided from timeto time into one or more “Classes”. The classes may havedifferent attributes or be applicable in different circumstances.Transamerica may at its discretion from time to time add a newclass to a Guaranteed Investment Fund, delete or discontinuea class, or redesignate or otherwise change the attributesor circumstances applicable to a class of a GuaranteedInvestment Fund. Any deletion, discontinuance or change indesignation or attributes of a class will not affect the attributesor circumstances applicable to pre-existing Units attributableto a class and which were allocated to the owner’s contract.All units attributable to this policy must be of the same class,which class shall correspond to the guarantee option that hasbeen selected by the owner. The owner must select one andonly one guarantee option under this contract.8.2. Currently, there are three classes of each Guaranteed InvestmentFund that are made available under this rider. Class A consists ofUnits with the “75/75 Guarantee Option” (“Class A Units”);Class B consists of Units with the “75/100 Guarantee Option”(“Class B Units”); Class C consists of Units with the “100/100Guarantee Option” (“Class C Units”), in each case as provided.9. Value of Guaranteed Investment Fundsand Units9.1. Transamerica determines the market value of the assets ofeach Guaranteed Investment Fund on each Valuation Date.The market value of the assets of a Guaranteed InvestmentFund is the value of the assets of the Guaranteed InvestmentFund determined by Transamerica in accordance with currentCanadian Generally Accepted Accounting Principles (“GAAP”).Recognized investment dealers will provide the market valuesof unlisted stocks, bonds, debentures and other over-thecounterinstruments. Short term notes will be valued at cost.The valuation of bonds, debentures and short term notes willinclude accrued interest. The number of Units of any Class ofany Guaranteed Investment Fund includes fractions. When aGuaranteed Investment Fund is first established, Transamericawill generally value the Guaranteed Investment Fund eachBusiness Day. Transamerica may cause the imaxxGIFs tobe valued on a less frequent basis, in which case you will benotified of the change upon 60 days’ notice. A reduction infrequency of valuation constitutes a fundamental change andaccordingly, is subject to the terms of the Individual VariableInsurance Contracts Guidelines.46

9.2. The “Aggregate Class Value” of a Class of a GuaranteedInvestment Fund on any Valuation Date means the aggregatemarket value of the portion of the assets of such GuaranteedInvestment Fund that are attributed to that Class of theGuaranteed Investment Fund, after at such time deducting allof the expenses and liabilities attributable to the Class of theGuaranteed Investment Fund (including, without limitation,management fees and other fund expenses) at such time.9.3. The “Unit Value” of a Unit of a particular Class of aGuaranteed Investment Fund on a Valuation Date means theamount obtained when the Aggregate Class Value of such Classof the Guaranteed Investment Fund on such date is divided bythe number of Units in the Class on the previous Valuation Date.The Unit Value of a Class of a Guaranteed Investment Fundremains in effect until the next Valuation Date.9.4. For each Guaranteed Investment Fund, the net income from theGuaranteed Investment Fund assets will be reinvested withinthat Guaranteed Investment Fund, and will be reflected in thevalue of the Units in that Guaranteed Investment Fund.9.5. Transamerica reserves the right to increase the number of Unitsof a Guaranteed Investment Fund by splitting each existing Unitinto two or more Units, thus reducing the value of each Unitproportionally. Conversely, the number of existing Units maybe reduced by combining two or more of the existing Units. Inno event will the Total Fund Value of this policy be affected bysuch increase or decrease in the number of Units allocated tothis policy.10. guaranteed Investment Fund Charges and Fees10.1. Each imaxxGIF pays a management fee to us for themanagement of the fund, which includes the costs forinvestment management, services and facilities to support thefunds, and commissions and service fees payable to Advisors.The management fee includes the cost of providing theinsurance coverage for guarantees under the Contract. Wherethe imaxxGIF invests in an underlying fund, the managementfee and the MER of the fund includes the corresponding amountof the underlying fund(s), and there is no duplication of feesfor the same service, The management fees are calculated andaccrued based on the market value of the imaxxGIF’s assetson each Valuation Date and are paid to us monthly. You do notdirectly pay for the management fees, as they are paid by theeach imaxxGIF. These fees will reduce the returns earned bythe underlying assets within each imaxxGIF. Subject to thefundamental changes provision described on page 27, we maychange the management fee for any imaxxGIF by sending youwritten notice of the change at least 60 days in advance.In addition to the management fee payable to Transamerica,each Class of an imaxxGIF Investment Fund is subject todeduction of all costs and expenses relating to its operation,including among other things: audit, accounting and financialreporting and disclosure costs; custodial and trustee costs; legaland regulatory costs; bank service fees and interest charges;policyholder communication fees and related administrativecosts; and applicable taxes.10.2. The charges and fees described in subsections 10.1 are calculatedon each Valuation Date and paid to Transamerica monthly.11. Transfers, Fund Availability, and Exchanges11.1. Subject to Transamerica’s then current administrative rules,charges and fees, the Owner may at any time and from time totime before the earlier of (i) the Contract Maturity Date, and (ii)the death of the Annuitant, request in writing a cancellation ofsome or all of the Units to the Contract’s credit in one or morefunds, and the allocation of the value of such units to Units inanother Guaranteed Investment Fund or Guaranteed InvestmentFunds then available.11.2. Transamerica shall have the right at any time and from time totime to(a) refuse any request to transfer;(b) limit the amount of monies that may be transferred to anyGuaranteed Investment Fund or funds, or(c) impose any requirements as a precondition to any transfer.Additionally, Transamerica reserves the right to delay transfersin exceptional cases where it is not practical to dispose ofinvestments made in a fund or when it would be unfair to othercontract owners.11.3. If the request to transfer is received in good order byTransamerica at or prior to(i) in the case of Non-electronic Applications, a cut off timeestablished from time to time by Transamerica (currently3:00 p.m. Toronto time); or(ii) in the case of Electronic Applications, a cut off timeestablished from time to time by Transamerica (currently4:00 p.m. Toronto time),on a Valuation Date, then the value of the Units cancelled ina Guaranteed Investment Fund to effect such a transfer willbe based on the Unit Value of that Class of the GuaranteedInvestment Fund in effect on such date (such date being theeffective date of that transfer). If the request to transfer isreceived in good order by Transamerica after the applicable cutoff time described above on a Valuation Date, then the valueof the Units cancelled in a Guaranteed Investment Fund willbe based on the Unit Value of that Class of the GuaranteedInvestment Fund in effect on the next Valuation Date (suchdate being the effective date of that transfer). If the requestto transfer specifies a transfer date that would be later thanthe one otherwise applicable under this subsection, then thevalue of the Units cancelled in a Guaranteed Investment Fundto effect such a transfer will be based on the Unit Value of47

the Class of that Guaranteed Investment Fund in effect on therequested date if it is a Valuation Date, otherwise the UnitValue of the Class of that Guaranteed Investment Fund on thenext Valuation Date.11.4. The number of Units of a Class acquired in a GuaranteedInvestment Fund upon a transfer between GuaranteedInvestment Funds will be equal to the amount allocated tothe new Guaranteed Investment Fund divided by the UnitValue of the applicable Class of Units in that new GuaranteedInvestment Fund in effect on the Valuation Date coinciding withthe effective date of the transfer.11.5. With respect to transfers between Guaranteed InvestmentFunds, DSC Units will continue to be subject to the feesdescribed in section 12.5 of this rider based on the effectivedate of Deposit of the original DSC Units.11.6. There is no charge or fee levied for the first four transfersbetween Guaranteed Investment Funds during a calendar year.Thereafter, Transamerica will deduct a transfer fee of up to1% of the amount transferred. Transamerica may change thetransfer fee or the number of free transfers per calendar year.11.7. Transamerica reserves the right to close, add, merge or splitfunds available within the Contract.If we close, merge or split (“discontinue”) a fund, we willautomatically withdraw the units in the discontinued fund andreallocate the value of the units of the discontinued fund toanother fund of our choice. This transaction may be a taxableevent and subject to the fundamental change rule. Please seesection 21, Fundamental Changes.We may also change the investment objective of a fund. Achange to the investment objective is considered a fundamentalchange. Please see section 21, Fundamental Changes.We may also substitute an underlying fund(s) for a substantiallysimilar underlying fund(s) or other investments for any of thefunds available within the contract.11.8. Transamerica reserves the right to change the portfolio managerof any fund, at any time, at our discretion. The portfolio manageris the person (or team of people) who is directly responsible forthe investment decisions of any fund or underlying fund.11.9. Transamerica reserves the right to open new GuaranteedInvestment Funds, or re-open any Guaranteed Investment Fundsclosed under subsection 11.8 for new deposits or transfers.11.10. Transamerica reserves the right to add new imaxxGIFs,Transamerica CI GIPs – imaxxGIF as investment options fromtime to time.11.11. Transamerica reserves the right to merge any GuaranteedInvestment Fund under this Contract with any one or moreGuaranteed Investment Fund(s) under this Contract or any otherGuaranteed Investment Fund. The merger will be subject tothe provisions of the CLHIA Guidelines on Individual VariableInsurance Contracts and the Autorité des marches financiers(AMF) Guidelines in effect at the time of the merger.11.12. At any time before the Contract Maturity Date and subject toTransamerica’s then current administrative rules and applicablecharges and fees, the owner may request that DSC units(including the 10% Free Withdrawal Privilege) be exchanged forISC units. Moving between GIFs of different sales charges isnot a transfer but a surrender from the Contract and a purchaseback into the Contract. This transaction will impact the DepositMaturity Date and calculation of Guaranteed Amounts andguarantee benefits under the Contract. It is a taxable event.When moving between a DSC unit to an ISC unit, you may berequired to negotiate a sales charge between 0 to 5% with youradvisor. This transaction is a taxable event.Any amount that is allocated to a segregated fund isinvested at the risk of the contract holder and mayincrease or decrease in value.12. Withdrawals12.1. Subject to Transamerica’s then current administrative rules,charges and fees, and subject to any applicable legislative orregulatory requirements, the Owner may effect a withdrawal forcash by requesting in writing that Transamerica surrender thewhole or any portion of the Units to the Contract’s credit in oneor more of the Guaranteed Investment Funds, at any time beforethe earlier of (i) the Contract Maturity Date and (ii) the death ofthe Annuitant.12.2. Upon a withdrawal, Transamerica will pay to the Owner theportion of the Total Fund Value represented by the Unitscancelled to effect the requested withdrawal less any fee forearly withdrawal, any other unpaid administrative fees andcharges owed by the Owner to Transamerica and any taxeswhich may be required by law to be withheld.12.3. If the request to withdraw is received in good order byTransamerica at or prior to(i) in the case of Non-electronic Applications, a cut off timeestablished from time to time by Transamerica (currently3:00 p.m. Toronto time); or(ii) in the case of Electronic Applications, a cut off timeestablished from time to time by Transamerica (currently4:00 p.m. Toronto time),on a Valuation Date, then the value of the Units cancelled ina Guaranteed Investment Fund to effect such a withdrawalwill be based on the Unit Value of the applicable Class of theGuaranteed Investment Fund in effect on such date (such datebeing the effective date of that withdrawal). If the requestto withdraw is received in good order by Transamerica afterthe applicable cut off time described above on a Valuation48

Date, then the value of the Units cancelled in a GuaranteedInvestment Fund will be based on the Unit Value of theapplicable Class of the Guaranteed Investment Fund in effecton the next Valuation Date (such date being the effective dateof that withdrawal). If the request to withdraw specifies awithdrawal date that would be later than the one otherwiseapplicable under this subsection, then the value of the Unitscancelled in a Guaranteed Investment Fund to effect such awithdrawal will be based on the Unit Value of the applicableClass of that Guaranteed Investment Fund in effect on therequested withdrawal date if it is a Valuation Date, otherwisethe Unit Value of the applicable Class of that GuaranteedInvestment Fund on the next Valuation Date.Any amount that is allocated to a segregated fund isinvested at the risk of the contract holder and mayincrease or decrease in value.12.4. Subject to subsection 12.9, Transamerica has the right to delaythe effective date of any Units withdrawn from any GuaranteedInvestment Fund for up to seven days. If a withdrawal requestis received in good order at or prior to a cut off time establishedfrom time to time by Transamerica (currently 3:00 p.m. Torontotime) on a Valuation Date, then the value of Units to bewithdrawn will be based on the applicable Unit Value in effecton such date. Otherwise, the value will be based on the closingUnit Value of the next Valuation Date. Similarly, if Transamericareceives a request to withdraw Units on a day which is not aValuation Date, then the withdrawal will be deemed to havebeen received on the next Valuation Date.12.5. Withdrawals of DSC Units from a particular GuaranteedInvestment Fund processed during the applicable withdrawalfee period will be subject to a fee for early withdrawal. Awithdrawal fee period commences in respect of each Depositon the date that such Deposit is allocated by Transamericato any of the segregated funds which Transamerica madeavailable at any time and from time to time for investmentof Deposits under the Contract. Transamerica will follow themethod of first-in, first-out. This means that the first Depositallocated to the applicable segregated fund will be consideredto be withdrawn first, then the second such Deposit and so on.The fee for early withdrawal will be calculated as a percentageof the value of the DSC Units surrendered, based on the UnitValues on the effective date of Deposit and based on the timein months elapsed since the effective date of Deposit, as setforth in the following table of percentages:Time elapsedsince Deposit toimaxx GuaranteedInvestment Fund0-12 months 6.0%13-24 months 5.0%25-36 months 4.0%37-48 months 3.0%49-60 months 2.0%61-72 months 1.0%73 months andsubsequent0.0%Fee for early withdrawal as percentof the value of Units withdrawnbased on the Unit Values on theeffective date of Deposit12.6. Transamerica reserves the right, without prior notice, to cancel,modify or change the Deferred Sales Charge Option and anynew Deposits made after such change will be subject to thethen effective Deferred Sales Charge schedule.12.7. Subject to any applicable legislative or regulatory requirements,if, at any time, the Guaranteed Amount is less than $500, wehave the right to cancel all of the Units upon 30 days’ notice.When, in our discretion, we exercise this right, the TotalFund Value, less any withdrawal charges, any other unpaidadministrative fees and charges owing by you to us and anytaxes which may be required by law to be withheld, will be paidto you.12.8. Withdrawals, including but not limited to the 10% freewithdrawal will proportionally reduce the Guaranteed Amountof your Contract.12.9. In the event of exceptional or unusual circumstances,Transamerica reserves the right to delay payment of anywithdrawal amount for a reasonable amount of time after theeffective date of your withdrawal request. If Transamericadelays payment for more than 30 days, Transamerica will payinterest from the effective date of the withdrawal at a rate thendetermined by Transamerica.13. 10% free withdrawal privilege13.1. Subject to Transamerica’s then current administrative rules,charges and fees, the Owner may, in each calendar year,withdraw up to 10% of the number of DSC Units determined insubsection 13.2 without paying DSC. Such withdrawal requestmust be in writing and must be effected before the earlier ofthe Contract Maturity Date and the death of the Annuitant.The Owner’s withdrawal request must specify the particularGuaranteed Investment Fund or Guaranteed Investment Funds inrespect of which Units are to be surrendered under this optionand the withdrawal dates requested. Any taxes which maybe required by law to be withheld will be deducted from suchpayments and forwarded to the taxing authority.49

Any unused portion of the privilege may not be carried forwardfrom one year to the next. We reserve the right to discontinueor change this right at any time.13.2. The aggregate number of DSC Units that may be withdrawn inany one calendar year is the sum of:(a) 10% of the number of DSC Units allocated to theGuaranteed Investment Fund at the end of the previouscalendar year,(b) for DSC Units allocated to the Guaranteed Investment Fundin the then current calendar year, 10% of the DSC Units heldmultiplied by the number of days the new DSC Units wereheld in the current year (not including the day of allocation,and including the day of withdrawal) divided by 365 days(366 days in leap years), less(c) any DSC Units previously withdrawn in the current yearunder this privilege.13.3. The value of the Units withdrawn will be based on the UnitValue of the applicable Class of the particular GuaranteedInvestment Fund in effect on the Valuation Date coinciding with,or next following (a) the date of receipt by Transamerica of thewritten request, or (b) the date the Owner specifies in Owner’swritten request, if later than (a).Any amount that is allocated to a segregated fund isinvested at the risk of the contract holder and mayincrease or decrease in value.13.4. Such periodic withdrawals will follow the method of “firstin, first out”. This means that the first Deposit in a particularGuaranteed Investment Fund will be surrendered first, then thesecond such Deposit and so on.13.5. In all other respects, the provisions of this policy regardingwithdrawals will apply to this section 13.14. imaxx Guaranteed Investment Fund GuaranteeOptions14.1. If the Owner chooses to allocate the Deposits to GuaranteedInvestment Funds, the Owner must select one guarantee optionfrom the three available guarantee options in this section 14.The selection may not be changed once the policy is issued.The Owner may not mix different guarantee options or changefrom one guarantee option to another guarantee option withinthe same policy.14.2. 75/75 guarantee optionThis option permits investments in Class A Units in anyapplicable imaxx Guaranteed Investment Fund.(a) Deposit Maturity Guarantee. 75% of the Owner’s totalDeposits allocated to the maturing Deposit Year Account(less a proportional market value reduction for withdrawals,including but not limited to the 10% free withdrawal,and applicable fees) to Guaranteed Investment Fundsare guaranteed on a Deposit Maturity Date. (See 75%Guaranteed Amount, subsection 15.1.).(b) Contract Maturity Guarantee. The aggregate of 75% of theOwner’s deposits allocated to each Deposit Year Account(less a proportional market value reduction for withdrawals,including but not limited to the 10% free withdrawal,and applicable fees) to Guaranteed Investment Fundsare guaranteed on the Contract Maturity Date. (See 75%Guaranteed Amount, subsection 15.1.).(c) Death Guarantee. The aggregate of 75% of the Owner’sDeposits allocated to each Deposit Year Account (lessa proportional market value reduction for withdrawals,including but not limited to the 10% free withdrawal,and applicable fees) to Guaranteed Investment Funds areguaranteed on the Death Benefit Date. (See 75% GuaranteedAmount, subsection 15.1.).14.3. 75/100 guarantee optionThis option permits investments in Class B Units in anyapplicable imaxx Guaranteed Investment Funds.(a) Deposit Maturity Guarantee. 75% of the Owner’s totalDeposits allocated to the maturing Deposit Year Account(less a proportional market value reduction for withdrawals,including but not limited to the 10% free withdrawal,and applicable fees) to Guaranteed Investment Fundsare guaranteed on a Deposit Maturity Date. (See 75%Guaranteed Amount, subsection 15.1.).(b) Contract Maturity Guarantee. The aggregate of 75% of theOwner’s deposits allocated to each Deposit Year Account(less a proportional market value reduction for withdrawals,including but not limited to the 10% free withdrawal,and applicable fees) to Guaranteed Investment Fundsare guaranteed on the Contract Maturity Date. (See 75%Guaranteed Amount, subsection 15.1.).(c) Death Guarantee. The aggregate of 100% of the Owner’sDeposits allocated to each Deposit Year Account (lessa proportional market value reduction for withdrawals,including but not limited to the 10% free withdrawal,and applicable fees) to Guaranteed Investment Fundsare guaranteed on the Death Benefit Date. (See 100%Guaranteed Amount, subsection 15.2.).14.4. 100/100 guarantee optionThis option permits investments in Class C Units which in someof the imaxxGIFs, as shown in Appendix D.(a) Deposit Maturity Guarantee. 100% of the Owner’s totalDeposits allocated to the maturing Deposit Year Account(less a proportional market value reduction for withdrawals,50

including but not limited to the 10% free withdrawal,and applicable fees) to Guaranteed Investment Fundsare guaranteed on a Deposit Maturity Date. (See 100%Guaranteed Amount, subsection 15.2.).(b) Contract Maturity Guarantee. The aggregate of 100% of theOwner’s deposits allocated to each Deposit Year Account(less a proportional market value reduction for withdrawals,including but not limited to the 10% free withdrawal,and applicable fees) to Guaranteed Investment Funds areguaranteed on the Contract Maturity Date. (See 100%Guaranteed Amount, subsection 15.2.).(c) Death Guarantee. The aggregate of 100% of the Owner’sDeposits allocated to each Deposit Year Account (lessa proportional market value reduction for withdrawals,including but not limited to the 10% free withdrawal,and applicable fees) to Guaranteed Investment Fundsare guaranteed on the Death Benefit Date. (See 100%Guaranteed Amount, subsection 15.2.).15. guaranteed AmountThe “Guaranteed Amount” in respect of a Deposit YearAccount means:15.1. for Class A Units and for the imaxx Deposit Maturity Benefitand imaxx Contract Maturity Benefit for Class B Units, the“75% Guaranteed Amount”, which is the following:where:(a) on the effective date of the First Deposit applicable to theDeposit Year Account, 75% of all Deposits allocated to suchDeposit Year Account as of such date; and(b) on any subsequent date when the Guaranteed Amountis calculated, the amount determined as at such date inaccordance with the following formula:A + (75% of B) – CA is the Guaranteed Amount in respect of such Deposit YearAccount on the last date the Guaranteed Amount wascalculated;B is the aggregate of all Deposits allocated to such DepositYear Account since the last date the Guaranteed Amountwas calculated;C is the aggregate of all amounts each of which is determinedin accordance with the following formula in respect of eachpayment incurred in respect of a transfer or withdrawal ofUnits allocated to such Deposit Year Account since the lastdate the Guaranteed Amount was calculated:A x DED is the aggregate Unit Value of the Units cancelled to effectthe transfer or withdrawal, determined by multiplying foreach applicable Guaranteed Investment Fund, the applicableUnit Value on the calculation date by the applicable numberof Units transferred or withdrawn; andE is the aggregate Unit Value of all Units allocated to suchDeposit Year Account immediately prior to the transfer orwithdrawal;Provided that for each Deposit Maturity Date, theGuaranteed Amount for Class A Units will not be lessthan the amount by which (A + (75% of B)) exceeds C,the Guaranteed Amount for Class B Units will not be lessthan the amount by which (A + (75% of B)) exceeds C, andthe Guaranteed Amount for Class C Units will not be lessthan the amount by which (A + B) exceeds C, such amountbeing calculated for 75% guaranteed amounts withouta deduction of any sales charges under the Initial SalesCharge Option and provided further that transfers betweenGuaranteed Investment Funds will be deemed not to affectthe Guaranteed Amount save and except for the proportionalreduction in the Guaranteed Amount in respect of anyapplicable fees, including transfer fees.15.2. for Class C Units and for the imaxx Death Benefit for ClassB Units, the “100% Guaranteed Amount”, which is thefollowing:where:(a) on the effective date of the First Deposit applicable to theDeposit Year Account, 100% of all Deposits allocated tosuch Deposit Year Account as of such date; and(b) on any subsequent date when the Guaranteed Amountis calculated, the amount determined as at such date inaccordance with the following formula:A + (100% of B) - CA is the Guaranteed Amount in respect of such Deposit YearAccount on the last date the Guaranteed Amount wascalculated;B is the aggregate of all Deposits allocated to such DepositYear Account since the last date the Guaranteed Amountwas calculated;C is the aggregate of all amounts each of which is determinedin accordance with the following formula in respect of eachpayment incurred in respect of a transfer or withdrawal ofUnits allocated to such Deposit Year Account since the lastdate the Guaranteed Amount was calculated:A x DE51

D is the aggregate Unit Value of the Units cancelled to effectthe transfer or withdrawal, determined by multiplying foreach applicable Guaranteed Investment Fund, the applicableUnit Value on the calculation date by the applicable numberof Units transferred or withdrawn; andE is the aggregate Unit Value of all Units allocated to suchDeposit Year Account immediately prior to the transfer orwithdrawal;Provided that for each Deposit Maturity Date, theGuaranteed Amount for Class A Units will not be lessthan the amount by which (A + (75% of B)) exceeds C,the Guaranteed Amount for Class B Units will not be lessthan the amount by which (A + (75% of B)) exceeds C, andthe Guaranteed Amount for Class C Units will not be lessthan the amount by which (A + B) exceeds C, such amountbeing calculated for 75% guaranteed amounts withouta deduction of any sales charges under the Initial SalesCharge Option and provided further that transfers betweenGuaranteed Investment Funds will be deemed not to affectthe Guaranteed Amount save and except for the proportionalreduction in the Guaranteed Amount in respect of anyapplicable fees, including transfer fees.16. large total value contracts rule for deposits andfund transfersLarge total value contracts are a group of contracts (or a singlecontract) that have the same annuitant and the total value of theUnits invested in the contract or contracts exceeds $2,000,000.You need our prior written approval for Deposits above$2,000,000.00.We reserve the right to change or modify the large total valuecontracts rule from time to time.17. Deposit Maturity Benefit17.1. A “Deposit Maturity Date” is the date on which (a) an imaxxDeposit Maturity Benefit is applicable; and (b) the guaranteedamount for purposes of calculating the imaxx death benefit(the “Death Guaranteed Amount”) is calculated. Each deposityear of the Contract is deemed to have a Deposit Maturity Datewhich will occur on the day before the tenth anniversary of thebeginning of such deposit year, unless the Deposit Maturity Datewould occur within 10 years of the Contract Maturity Date, inwhich case the Deposit Maturity Date will occur on the ContractMaturity Date. All Deposits made during a specific deposit yearwill be deemed to have the same Deposit Maturity Date.The first Deposit Maturity Date is the day before the tenthanniversary of the effective date of the first Deposit to theGuaranteed Investment Funds.17.2. We reserve the right not to renew your Deposit on the DepositMaturity Date. In this case, subject to Transamerica’s thencurrent administration rules and any applicable regulatoryrequirements, we will pay the imaxx Deposit Maturity Benefitto you less any applicable charges and taxes.17.3. The “imaxx Deposit Maturity Benefit” in respect of aDeposit Year Account is equal to:(a) in the case of Class A Units and Class B Units, the greater of:(i) the 75% Guaranteed Amount of the Deposit Year Accountas at the imaxx Deposit Maturity Date; and(ii) the total Unit Value of all Units in the Deposit YearAccount at such time.(b) in the case of the Class C Units, the greater of(i) the 100% Guaranteed Amount of the Deposit Year Accountas at the imaxx Deposit Maturity Date, and(ii) the total Unit Value of all Units in the Deposit YearAccount at such time.If the 75% or the 100% guaranteed amount of the deposit yearaccount as at the deposit maturity date is greater than the totalunit value of all units in the deposit year account at such time,Transamerica will pay the difference. The difference is calledthe “top-up benefit”.Please consider that when the market value of the Unitswithdrawn is lower than the original purchase price ofthe Units withdrawn, the proportional reduction due tothe withdrawal will reduce the Guaranteed Amount bymore than the actual amount of the withdrawal.17.4. On any imaxx Deposit Maturity Date, the Owner mayeither request a cash payment of or subject to subsection17.2, reinvest the imaxx Deposit Maturity Benefit. UnlessTransamerica has received the Owner’s written directionrequesting a cash withdrawal of the imaxx Deposit MaturityBenefit prior to the Deposit Maturity Date, subject to subsection17.2, the imaxx Deposit Maturity Benefit will be automaticallyreinvested. If the cash payment is requested, deductions will bemade for applicable taxes and charges, if any. The payment ofany Deposit Maturity Benefit to you in cash will proportionallyreduce your Guaranteed Amount.17.5. In reinvesting the Deposit Maturity Benefit, Transamerica willon the first Valuation Date immediately following the DepositMaturity Date;(a) withdraw all the Units of the Deposit Year Account that hasreached the deposit maturity date (the “Matured Deposit YearAccount”) and close the Matured Deposit Year Account; and(b) deposit the imaxx Deposit Maturity Benefit in the DepositYear Account in accordance with section 17.6.52

17.6. (a) Transamerica will deposit the top-up benefit, if any, intoa Money Market GIF – imaxxGIF (in the same guaranteeoption as the GIF for which a top-up is being paid), opened inthe Owner’s name. If the Transamerica Money Market GIF –imaxxGIF is not available at that time, Transamerica will thendeposit the top-up benefit to another imaxxGIF of its choice.(b) The deposit maturity benefit, excluding the top-up benefit,will be reinvested into the same GIF unit allocationsapplicable to the Maturing Deposit Year Account.(c) No DSC or ISC will apply to reinvested amounts ortop-up benefits.17.7. Any amount reinvested will constitute a first Deposit forpurposes of calculating the Guaranteed Amount for theapplicable Deposit Year. The maturing deposit year account fromwhich the reinvested amount originates will subsequently expire.17.8. Any units purchased through the reinvestment of the DepositMaturity Benefit will not be subject to DSC charges.17.9. Death Guaranteed Amount at Deposit Maturity DateOn a Deposit Maturity Date the policy is in force, Transamericawill calculate the Death Guaranteed Amount as follows:Transamerica will determine the Death Guaranteed Amounton the basis of the Deposit Maturity Benefit as determined insection 15. Therefore, on each Deposit Maturity Date that thecontract is in force, the Death Guaranteed Amount is:(a) For Class A Units, 75% of the deposit maturity benefit ineffect on such Deposit Maturity Date; and(b) For Class B Units and Class C Units 100% of the depositmaturity benefit on such Deposit Maturity Date.Any amount that is allocated to a segregated fund isinvested at the risk of the contract holder and mayincrease or decrease in value.18. imaxx Death Benefit18.1. If the Annuitant dies prior to the Contract Maturity Date, thenTransamerica will pay an imaxx death benefit to the personentitled thereto following receipt by Transamerica of proofsatisfactory to it of the Annuitant’s death and the claimant’sright to the proceeds. Where a Successor Annuitant has beendesignated in the Contract and is alive on the death of theAnnuitant, the Death Benefit is payable on the death of the lastto die of the Annuitant or Successor Annuitant.18.2. The “imaxx Death Benefit” payable by Transamerica underthis rider is equal to the aggregate of all amounts, each ofwhich is determined in respect of a Deposit Year Account, andeach of which is equal to:(a) In the case of Class A Units, the greater of:(i) the 75% Guaranteed Amount of the Deposit Year Accountas at the Death Benefit Date, and(ii) the total Unit Value of all Units in the Deposit YearAccount at such time,(b) In the case of Class B Units or Class C Units, the greater of:(i) the 100% Guaranteed Amount of the Deposit Year Accountas at the imaxx Death Benefit Date, and(ii) the total Unit Value of all Units in the Deposit YearAccount at such time, adjusted for any payments whichmay have been made by Transamerica between the dateof death of the Annuitant and the date Transamericareceived proof satisfactory to it of such death.Please consider that when the market value of the Unitswithdrawn is lower than the original purchase price ofthe Units withdrawn, the proportional reduction due tothe withdrawal will reduce the Guaranteed Amount bymore than the actual amount of the withdrawal.18.3. Transamerica will also pay to the person entitled thereto,interest on the imaxx Death Benefit from the imaxx DeathBenefit Date to the date of payment. However, in no event willinterest be paid for a period in excess of one year. The rate ofinterest credited will be in accordance with procedures andrates set periodically for this purpose by Transamerica.18.4. In the event that the annuitant dies within 12 months of theeffective date of the Contract Transamerica will levy theapplicable deferred sale charge on payment of death benefitsrelating to the original deposit value of DSC units investedunder the 75/100 or 100/100 Guarantee Option. The deferredsale charge is subject to the deferred sales charge scheduleand is charged as a percentage of the original deposit value ofthe DSC Units as of the death benefit date.18.5. For greater certainty, and subject to a proportional reductionfor any withdrawals or surrenders made from the contract, inno event will the imaxx death benefit be less than 75% of theamounts deposited by the contract owner to the contract. Topup benefits are not included in such calculations.When calculating the death benefit for Deposits made underthe initial sales charge option, we will not deduct the initialsales charge from the calculation of the guaranteed amount.Therefore, the guaranteed amount will not be less than 75% ofthe deposit before deducting the applicable initial sales chargeless proportional market value reductions for withdrawals.18.6. In some circumstances, there may be delays in obtainingsatisfactory proof of death and we may be notified of the deathof the Annuitant before receipt of proof of death (for example,a death certificate). In such event, on the date we are notifiedof the death of the last surviving Annuitant, we will switch allunits in the funds held in the Contract into the Money MarketFund or to another fund we designate if the Money Market Fundis not available. This date is called the “Notice Date”.53

Notification of death has to be in writing and meet therequirements set out in our Administrative Rules.As of the Notice Date, no further transactions can be made. Forexample, scheduled withdrawals, including payments of RRIFMinimum Amounts will be stopped.Subsequently, on the Valuation Date we receive proof of death,the Death Benefit will be calculated.19. Reset of Death Guaranteed Amount19.1. Subject to the following reset rules in this section 19,Transamerica will automatically reset the Guaranteed Amountfor purposes of calculating the imaxx death benefit (the “DeathGuaranteed Amount”) on each anniversary of the contract date(the “reset date”).19.2. For the 75/75 guarantee option, the new guaranteed amountfor the imaxx death benefit on a reset date will be equal tothe aggregate of all amounts, each of which is determined inrespect of a Deposit Year Account, and each of which is thegreater of:(i) the 75% guaranteed amount as at such reset date; and(ii) 75% of the total unit value of all Units in the Deposit YearAccount as at such reset date.19.3. For the 75/100 and 100/100 guarantee options, the newguaranteed amount for the imaxx death benefit on a reset datewill be equal to the aggregate of all amounts, each of which isdetermined in respect of a Deposit Year Account, and each ofwhich is the greater of:(i) the 100% guaranteed amount as at such reset date; and(ii) the total unit value of all Units in the deposit year accountas at such reset date.19.4. The reset of the imaxx death benefit will operate as follows:(a) The reset of the imaxx death benefit will take placeautomatically if on the Reset Date:the annuitant has not reached his or her 81 st birthday onthe Contract Anniversary Date;the annuitant is alive; andthe contract is in force.(b) The reset of the imaxx death benefit will not changethe Deposit Maturity Date or the Contract Maturity Date,however, when a Deposit Year Account matures and is paidout or reinvested into a new Deposit Year Account, theDeath Guaranteed Amount associated with such maturingDeposit Year Account will expire.19.5. Transamerica reserves the right to discontinue, modify orsuspend reset rights at any time by giving you prior writtennotice of at least 60 days.20. imaxx Contract Maturity Benefit20.1. The “imaxx Contract Maturity Benefit” payable byTransamerica under this rider is equal to the aggregate of allamounts, each of which is determined in respect of a DepositYear Account, and each of which is equal to;(a) In the case of Class A Units and Class B Units, the greaterof:(i) the 75% Guaranteed Amount of the Deposit Year Accountas at the Contract Maturity Date and(ii) the total Unit Value of all Units in the Deposit YearAccount at such time,(b) In the case of Class C Units, the greater of:(i) the 100% Guaranteed Amount of the Deposit YearAccount as at the Contract Maturity Date, and(ii) the total Unit Value of all Units in the Deposit YearAccount at such time.Please consider that when the market value of the Unitswithdrawn is lower than the original purchase price ofthe Units withdrawn, the proportional reduction due tothe withdrawal will reduce the Guaranteed Amount bymore than the actual amount of the withdrawal.20.2. For greater certainty, and subject to a proportional reductionfor any withdrawals or surrenders made from the contract, inno event will the imaxx contract maturity benefit be less than75% of the amounts deposited by the contract owner to thecontract. Top up benefits are not included in such calculations.When calculating the Contract Maturity Benefit for Depositsmade under the initial sales charge option, we will not deductthe initial sales charge from the calculation of the guaranteedamount. Therefore, the guaranteed amount will not be lessthan 75% of the deposit before deducting the applicableinitial sales charge less proportional market value reductionsfor withdrawals.20.3. On the Contract Maturity Date, provided that this policy is stillin force and the Annuitant is then still living and Transamericais not notified of the Owner’s maturity option, the ContractMaturity Benefit will be applied by Transamerica to providean annuity on the life of the Owner guaranteed for ten yearsin accordance with applicable legislation and Transamerica’sadministrative rules. Payment of this annuity (or lump sum asdescribed in section 20.4) will discharge Transamerica fromall of its obligations and liabilities under this policy and allrelated documents.20.4. Transamerica will have the right to pay the imaxx ContractMaturity Benefit in one lump sum to the appropriate personon the Contract Maturity Date in lieu of the annuity paymentsin the event that the monthly annuity payments would be lessthan $50.00 per month.54

Residents of Quebec20.5. Transamerica will calculate the annuity payable to the Ownerbased on its then current projected annuity factors applicable tothe type and terms of the annuity chosen. Notwithstanding theforegoing, the annual annuity payment for each $1,000 beingannuitized with a maximum guarantee period of ten years orless shall not be lower than the amount set out in Table 1 forthe applicable age on which the annuity is based. The applicableage on which the annuity is based is the age of the owner in thecase of a single life annuity or in the younger age of the ownerand a person the owner may designate in the case of a joint lifeannuity. Using Table 1 the minimum annual annuity payment iscalculated according to the following formula:Annuitized Amount x Amount in Table 1100020.6. Transamerica will have the right to pay the annuity on an annualbasis if the periodic payments elected to be received morefrequently than annually would be less than $50 per payment.20.7. Payment of the annuity will discharge Transamerica of itsobligations under the Contract in full.Table 1 – Annual Annuity Payment per $1,000Age of AnnuitantAnnuity Payment50 $15.3955 $16.6760 $18.1965 $20.0170 $22.2375 $25.0180 $28.5885 $33.3490 $40.0195 $50.01100 $66.67Note: Age refers to the age of the youngest life covered by the annuity. Ages100 and older are assigned the same payment.21. fundamental ChangesWe may make certain changes under this contract that areconsidered a fundamental change. A fundamental change isdefined 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 fundare valued;if applicable, an increase in the maximum insurance fee limitwhich may be charged against the assets of an imaxxGIF(currently not applicable as the cost for providing insurancebenefits is included in the management fee).In the case where an imaxxGIF invests in an underlying fund,we also reserve the right to change such underlying fund. Ifsuch a change constitutes a fundamental change, you will havethe rights described in the section immediately below.In the event of a fundamental change or a fund closure, wewill give you at least 60 days’ prior written notice (the “NoticePeriod”) 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 inthe funds affected by the fundamental change without incurringsales charges. We must receive your written response at least5 days prior to the expiry of the Notice Period.During the Notice Period, you may not switch to a fund subjectto a fund closure, except that you may switch to a fund subjectto other types of fundamental canges if you agree to waive theright to surrender without sales charges.We will also notify the insurance regulators and the CanadianLife and Health Insurance Association Inc. at the same timewe notify you of the change (unless such notice is not practicalin the circumstances, in which event we will provide noticeas soon as possible and as reasonably practical), and amendor re-file the Information Folder to reflect the change. Theforegoing may be superseded by any regulatory changesgoverning individual variable insurance contracts.A similar fund is a fund that; (a) has a comparable investmentobjective, (b) is in the same fund investment category, (c) hasthe same or lower management fee and insurance fee, and (d)is valued at the same or greater frequency as the fund subjectto the fundamental change. Changing an underlying fund willnot constitute a fundamental change provided that all of theconditions for a similar fund continue to apply to the fundimmediately following the change.A similar underlying fund is one that: (a) has a comparablefundamental investment objective (b) is in the same investmentfund category and (c) has the same or lower management fee.55

The investment objective of the underlying funds may not bechanged unless approved by the unitholders of the underlyingmutual fund. Upon such approval, you will be provided notice ofthe change.Transamerica CI GIPs-imaxxGIF may invest in one ormultiple underlying funds. Changes to underlying fund(s),to the investments of the underlying fund(s) or to the targetweightings of each investment of the underlying fund(s) will notnormally constitute a fundamental change. If the change meetsthe definition of a fundamental change, you will have the rightsdescribed in the section above.22. Termination of the ContractThis contract will be terminated if you withdraw all the unitsto the contract’s credit. Upon payment of such withdrawalproceeds, our obligations under this contract will be discharged.This contract will be terminated on payment of the imaxxdeath benefit. Payment of the imaxx death benefit willdischarge our obligations under this contract.If you elect to withdraw the imaxx contract maturity benefiton or after the contract maturity date, upon payment of thecontract maturity benefit, our obligations under this contractwill be discharged and the contract will be terminated. If thecontract maturity benefit is applied to a single life annuity,except for our obligations to make annuity payments, the issueof the single life annuity contract will discharge our obligationsunder this contract and this contract will be terminated.Subject to any applicable legislative requirements, if theDeath Guaranteed Amount and the imaxx contract maturitybenefit are less than $500, we reserve the right to terminatethe contract upon 30 days notice and forward to you the marketvalue of the contract, minus any applicable charges, fees andtaxes. Payment of this amount will discharge our obligationsunder this contract and upon payment of this amount, thiscontract will be terminated.23. Change of beneficiaryAny appointment of a Beneficiary, or any change or revocation ofan appointment, must be made in writing in a form acceptable tous and will be effective when recorded by us. We are not boundby a designation, change or revocation which has not beenreceived and recorded by us at the time we make payment ortake any action. We assume no responsibility for the validity oreffect of any appointment or change or revocation.24. ProofTransamerica may at any time and from time to time requestproof satisfactory to it in respect of(a) the right of any claimant to a payment under the Contract,(b) the signature by the proper person in respect of any notice,request or consent delivered to Transamerica under theContract, or(c) any other matter provided for in the Contract or permittedby law; provided that Transamerica shall not be obligated todo so.Transamerica shall not be liable to any person (including acorporation, trust, partnership, individual or other legal entity)for failure to request proof related to any matter dealt with inthe Contract or for any error made in reviewing such proof.25. owner of the contractBefore the death of the Annuitant, the Owner alone is entitled toall rights granted or allowed by Transamerica under the Contract.If the Owner is an individual and dies before the Annuitant,then all of the Owner’s rights belong to the Owner’s executor oradministrator unless otherwise provided under the Contract.If the Contract is issued as a RIF and the Owner has validlyelected his or her spouse or common-law partner as a successorannuitant, then the successor annuitant has, upon the death ofthe Owner, the rights and interests of the Owner in the Contract.26. assignment of this contractAn assignment shall not be binding on Transamerica unlessit is filed with Transamerica and recorded by Transamerica atthe Head Office. Transamerica shall not be responsible for theadequacy or legal effect of any assignment.27. protection against creditorsSo far as the law allows, benefits payable under the Contractand the rights and interests in the Contract may be exempt fromseizure and from the claims of creditors.28. non-participating contractThe Contract does not participate in Transamerica’s profits orsurplus and, accordingly, the Owner does not have the rightsof a participating policyholder including eligibility for dividendsand the right to notice of and to vote at Transamerica’s annualmeetings.56

29. Recovery of expenses and investment lossesThe Owner agrees to indemnify Transamerica for any costs,expenses and investment losses which it incurs as a result ofincomplete or incorrect information provided by Owner.30. NoticesAny notice or statement to be given under any provision of theContract shall be deemed to be sufficiently given if it is sent tothe last known address of the Owner or other applicable personshown on the records of Transamerica.31. CurrencyAll payments to or by Transamerica shall be in Canadian dollars.32. force majeureIf Transamerica’s performance of any of its obligations under theContract is delayed or otherwise made impractical by reason ofany flood, riot, fire, acts of nature, labour unrest, acts of war,terrorism, power outage or any other causes beyond its control,such obligations may be postponed until such time as thecause ceases to preclude or make impractical Transamerica’sperformance of such obligations.33. ArbitrationAny dispute, disagreement, controversy, question or claimarising out of or relating to this Contract, including with respectto its application or interpretation will be determined byarbitration under the Ontario Arbitration Act, except that(a) all matter relating to the arbitration will be kept confidentialto the full extent permitted by applicable laws and noindividual will be appointed as an arbitrator unless he orshe agrees in writing to be bound by this dispute resolutionprovision; and(b) the hearing will be heard before a single arbitrator mutuallyagreed upon by the Owner and Transamerica.34. limitation of ActionsEvery action or proceeding against an insurer for the recoveryof insurance money payable under the contract is absolutelybarred unless commenced within the time set out in theInsurance Act, or other applicable provincial legislation.57

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TRANSAMERICA INVESTMENT PORTFOLIO TM IIRETIREMENT SAVINGS PLAN ENDORSEMENTFOR ANNUITY POLICY59

Transamerica Investment Portfolio tm II Retirement Savings Plan Endorsement for Annuity Policy1. InterpretationThis endorsement applies if you requested that the Contractbe registered as a Retirement Savings Plan (RSP) under theIncome Tax Act (Canada) (the “Act”) and any applicable provincialincome tax legislation.In this endorsement, “you” “your” refer to the owner, who is also theannuitant under the Contract. “We” refers to Transamerica Life Canada.RSP Age means the end of year in which you turn 71 years of age orany other age as prescribed by the Act.“Spouse” and “common-law partner” have the meanings defined in theAct and any applicable provincial income tax legislation.2. Time Limit for an RSPYou may hold an RSP until you reach the RSP Age.3. payment under the RSPNo payment from the Contract will be made prior to the RSP Ageexcept as a refund of premium as defined under the Act or a paymentto you.(b) The annuity must provide for annual or more frequent payments.(c) Payments under the annuity must be equal, except that they may beincreased or decreased in accordance with paragraph 146(3) (b) ofthe Act.(d) Annuity payments to you or your spouse or common-law partnermay not be commuted, either in full or in part, except that wereserve the right to commute an annuity where the monthly paymentis less than $50.00. If you die after annuity payments commenceand your Spouse or Common Law Partner becomes the annuitantunder the policy, the total of all annuity payments in a year after thedate of your death will not exceed the total of all annuity paymentsmade in a year before your death.(e) If you die after annuity payments commence and the Beneficiaryis not the Spouse or Common Law Partner, the commuted valueof any remaining annuity payments will be paid in one sum to theBeneficiary, if there is one, otherwise to your estate.(f) If you die before annuity payments commence, the death benefit willbe paid in one sum, unless a “refund of premiums” as defined insubsection 146(1) of the Act has been requested.(g) Annuity payments cannot be assigned in whole or in part.4. options under the RSPYou may elect to take the aggregate of (a) the Account Values,if any; and (b) the Total Fund Value (the “Value”) and exercise thefollowing options:(a) transfer the Value to another registered retirement savings plan;(b) use the Value to purchase an annuity that satisfies the conditionsset out below;(c) withdraw the Value, in full or in part, subject to taxes andsurrender fees; and(d) 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 thefollowing conditions:(a) The annuity must be a single life annuity or a joint and survivor lifeannuity on your life and your spouse or common-law partner, or aterm certain annuity on your life.(i) If you chose a single life or a joint life annuity, the guaranteeperiod must not exceed 90 minus your age or the age of yourspouse or common-law partner, if younger.(ii) If you chose a term certain annuity, the guarantee period issubject to the same restriction outlined in (i).5. MiscellaneousUpon request, we will pay an amount to the taxpayer to reduce theamount of tax the taxpayer would otherwise have to pay because ofover-contributions by the taxpayer under Part X.1 of the Act.No advantage that is conditional in any way on the existence of theContract may be extended to you or to a person with whom you werenot dealing at arm’s length other than in accordance with paragraph146(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 thisContract that is inconsistent with it.60

TRANSAMERICA LIFE CANADADouglas W. BrooksPresident and Chief Executive OfficerGlenn DanielsCorporate Secretary61

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TRANSAMERICA INVESTMENT PORTFOLIO TM IIRETIREMENT INCOME FUND ENDORSEMENT63

Transamerica Investment Portfolio tm II Retirement Income Fund Endorsement1. GeneralThis endorsement applies if you requested that the Contractbe registered as a Retirement Income Fund (RIF) under the IncomeTax Act (Canada) (the “Act”) and any applicable provincial incometax legislation.In this endorsement, “you” “your” refer to the owner, who isalso the annuitant under the Contract. “We” refers to TransamericaLife Canada.“Spouse” and “common-law partner” have the meanings defined inthe Act and any applicable provincial income tax legislation;2. DepositsTransamerica will only accept deposits or transfers under theContract from:(a) a registered retirement savings plan (RRSP) under which you arethe owner;(b) another registered retirement income fund (RRIF) under which youare the owner;(c) a registered pension plan (RPP) under which you are a member ora former member;(d) you, to the extent that the amount of the deposit or transfer wasan amount described in subparagraph 60(l)(v) of the Act;(e) a RRSP or RRIF of your spouse, common-law partner or formerspouse or common law partner pursuant to a decree, orderor judgment of a competent tribunal or a written separationagreement, relating to a division of property in settlement ofrights arising out of, or on the breakdown of, their marriage orcommon-law relationship;(f) the RPP of your spouse, common-law partner, former spouse inaccordance with subsection 147.3(5) or (7) of the Act;(g) a provincial pension plan in circumstances to which subsection146(21) of the Act applies;(h) any sources permitted under the Act.3. payments under the ContractTransamerica will make the minimum payment each calendar yearas 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 willbe made to you annually.4. TransfersUnder the endorsement, you may upon request transfer all orpart of (i) the Account Values, if any; and (ii) the Total Fund Value(the “Value”)(a) to the carrier of another registered retirement income fund ofwhich you are also the annuitant of the Act;(b) to the issuer of another registered retirement savings plan underwhich you are the annuitant prior to the prescribed age for anRRSP within the meaning of subsection 146(1) of the Act;(c) to purchase an immediate life annuity under the terms of the Act;(d) to a RRIF or RRSP of your spouse, common-law partner,former spouse or common-law partner as a result of marriagebreakdown or upon death in accordance with subsection146.3(14) of the Act.In accordance with the Act, before the transfer is made, we will payto you any remaining minimum amount for the year. Any amountpayable upon is subject to taxes and withdrawal fees, as applicable.5. successor AnnuitantYou may elect to appoint your spouse or common-law partner assuccessor annuitant who will replace you as annuitant upon yourdeath. If you have appointed a successor annuitant, the successorannuitant will receive any remaining payment under the Contract onyour death. The successor annuitant may also exercise every right asowner 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 theannuitant or the successor annuitant.64

6. Death BenefitThe death benefit payable under the RIF endorsement is described inthe Annuity Policy.7. MiscellaneousNo benefit or loan that is conditional in any way on the existenceof the Contract may be extended to you or to a person with whomyou were not dealing at arm’s length, other than in accordance withparagraph 146.3(2) (g) of the Act.Neither the Contract nor payments under the Contract may beassigned in whole or in part.We reserve the right to resign as carrier and appoint a successorcarrier.This endorsement has precedence over any provision contained inthis Contract that is inconsistent with it.TRANSAMERICA LIFE CANADADouglas W. BrooksPresident and Chief Executive OfficerGlenn DanielsCorporate Secretary65

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Fund Facts67

How to read an imaxxGIF Fund Facts12IDENTIFYING INFORMATIONThe name of the segregated fund contract, the segregated fund nameand the date of the information presented.QUICK FACTSDate fund created: This is the date on which the Fund was firstavailable for purchase as an investment option under the contract.Total fund value: This is the total market value of the assets withinthe Fund.Portfolio manager: An individual, or firm, who controls the assetswithin the Fund or underlying fund. The portfolio manager monitorsand selects appropriate investments based on the investmentobjective of the Fund or underlying fund.Portfolio turnover rate: Portfolio turnover rate is the portion ofsecurities in a Fund’s portfolio that are bought and sold during thecourse 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, andthe greater the chance of an investor receiving taxable capital gainsin the year. There is not necessarily a relationship between a highturnover rate and the performance of a Fund. Where the Fund investsin an underlying fund or funds, the portfolio turnover rate is that of theunderlying fund(s).Minimum initial deposit: The minimum amounts required topurchase the segregated funds contract, or units of the fundGuarantee Option: Identifies the maturity and death guaranteesavailable at either the deposit maturity date, contract maturity date orat the death of the annuitant.Fund codes: Used to identify the Fund.Management expense ratio (MER): A measure of what it coststo operate the Fund. MERs include all expenses of the segregatedfund such as the management fees, operating costs and applicabletaxes. Where the Fund invests in an Underlying Fund(s), there is noduplication of fees. These fees are paid by the Fund and affect theunit values. The MER indicated is from the current annual auditedfinancial statements (if applicable, if not an estimated MER isprovided) and is subject to change.Net asset value per unit: The dollar value of each unit notionallyheld within a Fund, calculated as follows: Total Fund value divided bythe number of units outstanding.Number of units outstanding: Represents the total number of unitsnotionally held by policyholders in the Fund32QUICK FACTSDate fund createdGuarantee option(Maturity/Death)Total fund value(in 000s)August 2003 $32,613 137.92%Fund codes(DSC/ISC)WHAT DOES THE FUND INVEST IN?The Fund invests mainly in medium term, high-quality corporateand government bonds.Top 10 investments of the fund as of December 31, 2012Gov’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: 70imaxxGIFTransamerica Canadian Bond GIF – imaxxGIFAll information is as of December 31, 2012Portfolio turnover rate Portfolio manager Minimum initial depositAegon CapitalManagement Inc.Management expense ratio(MER)1 of 3Net asset value per unitNumber of unitsoutstanding75/75 TLC452/TLC453 2.31% $8.96 1,133,78875/100 TLC852/TLC853 2.33% $8.91 2,486,912100/100 TLC254/TLC255 2.52% $9.96 24,103FUND FACTSHOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed overthe 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 returnA person who invested $1,000 in the fund on August 5, 2003 now has $1,566.95.This works out to an average of 4.89% per year.Year-by-year returns151050-55.41% 5.25%$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.3 4Asset mix as of December 31, 2012Bond 99.19%Cash 0.81%2004 2005 2006 2007 2008 2009 2010 2011 2012WHAT DOES THE FUND INVEST IN?This describes what the segregated fund invests in.Current Underlying Funds: These are the current underlyingfunds held within the Fund as of the date indicated. If applicable,target allocations are also indicated.Top (10) investments of the fund: This shows the topinvestments of the (underlying) fund(s), in order, beginning withthe highest percentage weighting. Unless indicated as a bond ortreasury bill, the investment will be considered to be an equity. Ifit holds underlying fund(s), then the top 10 investments will list thetop 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 fundwill be listed as one of the top 10 investments. The holdings maychange due to ongoing portfolio transactions.Total investments: Total number of investments held withthe fund.Asset mix/ Sector Allocation/Portfolio allocation: The piechart indicates the percentage of the Fund’s investment portfolioby subgroups, such as the investment type, industry segment orgeographic location based on the nature of the fund.12.47%-0.77%2.89%8.42%6.26%8.68%3.82%This chart shows how the fund has performed in each of the past 9 years. In the last9 years, the performance was up in value 8 years and down in value 1 year.68

4HOW HAS THE FUND PERFORMED?The information in this section shows Fund performance for aperiod of 1 to 10 years, depending on how long the fund has been inexistence. Returns are after the MER has been deducted.Average return: This section shows the value of a $1,000 investmentin the Fund from the date it was created. It also shows the averagepercentage per year in the growth of the Fund. For any Fund with lessthan one-year history, the information is not provided due to insufficientsegregated fund history.Year by year returns: This is a bar chart showing how the Fund hasperformed in each of the past ten years, or less if applicable. Each barshows in percentage terms how much an investment made on January1 st would have changed by December 31 st in that same year. We alsostate the number of years that the performance of the Fund was eitherup or down in value.5Transamerica Canadian Bond GIF – imaxxGIFHOW RISKY IS IT?imaxxGIFThe 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 toModerateVery low Low moderate Moderate to high High5HOW RISKY IS IT?The value of your investments can go down. The level of risk thatis suitable for you will depend on a number of factors such asyour investment goals and risk tolerance. Speak to your advisorto determine the appropriate funds for you in your particularcircumstances. This chart ranks the Fund’s estimated volatility rangingfrom very low to high. The ranking is based on the Fund’s historicalperformance data and/or the historical performance data of theunderlying mutual fund or similar class of the same Fund.678ARE 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 godown. 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 invalue during the term.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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%2 of 3• The deferred sales charge is a set rate. It is deducted from the amountyou sell.• When you buy the fund, we pay a commission of up to 5%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause 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)75/75 2.31%75/100 2.33%100/100 2.52%67ARE THERE ANY GUARANTEES?Your contract has certain guarantees that protect the value of yourinvestment upon maturity and at death. The cost for those guaranteesis included in the MER of the fund.WHO IS THIS FUND FOR?This section identifies the type of investor that is suitable for theFund. Speak to your advisor to determine your investment goals andtolerance for risk.8HOW MUCH DOES IT COST?This section describes the fees and ongoing expenses applicableto a policyholder who buys, sells, switches or holds units of thefunds.• Sales charges – This table describes what you pay and howit works. When you purchase the contract you choose a salescharge option – either Initial Sales Charge (ISC) or DeferredSales Charge (DSC).– ISC: you and your advisor negotiate a commission when youpurchase the contract, you do not pay a sales charge whenyou sell units of the contract.– DSC: you are charged a fee for a fixed number of years on adeclining basis when you sell units of a Fund.• Ongoing fund expenses – This section describes the feesand operating expenses applicable to the Fund based on theguarantees available for this contract.• Trailing commission – This section shows the percentage ofcommission we pay out of the management fee to your advisorfor the advice and services provided to you.• Other fees – This section describes fees you may pay when yousell or transfer units of the Fund.69

9WHAT IF I CHANGE MY MIND?This section describes the policyholder’s rights to cancel investmentdecisions and the amount that will be returned. It tells you what youneed to do and within what period of time you need to do it.Transamerica Canadian Bond GIF – imaxxGIFimaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeWhat you payDSC Upon DeathThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Transfer FeeUp to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.10FOR MORE INFORMATIONThis section provides Transamerica Life Canada’s contact information.9Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.ca10Any 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.3 of 370

imaxxGIFTransamerica Canadian Money Market GIF – imaxxGIFAll information is as of December 31, 2012FUND FACTSQUICK FACTSDate fund createdTotal fund value(in 000s)August 2003 $18,984 N/AGuarantee option(Maturity/Death)Fund codes(DSC/ISC)Portfolio turnover rate Portfolio manager Minimum initial depositAegon CapitalManagement Inc.Management expense ratio(MER)$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.Net asset value per unitNumber of unitsoutstanding75/75 TLC450/TLC451 0.99% $5.80 1,049,44375/100 TLC850/TLC851 1.00% $5.80 1,071,361100/100 TLC250/TLC251 1.00% $5.80 1,151,508WHAT DOES THE FUND INVEST IN?The Fund invests in short-term, high-quality, low-risk Canadiansecurities issued by the federal and provincial governments withmaturity dates of less than one year.Top 10 investments of the fund as of December 31, 2012Gov’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: 17Asset mix as of December 31, 2012HOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed overthe 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 returnA person who invested $1,000 in the fund on August 5, 2003 now has $1,107.37.This works out to an average of 1.09% per year.Year-by-year returns43210.88%1.26%2.60%3.00%1.86%Cash 100.00%00.07% 0.02% 0.00% 0.00%2004 2005 2006 2007 2008 2009 2010 2011 2012This chart shows how the fund has performed in each of the past 9 years. In the last9 years, the performance was up in value 7 years and there was no change in valuefor 2 years.71

Transamerica Canadian Money Market GIF – imaxxGIFimaxxGIFHOW 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.Very low LowLow tomoderate ModerateModerateto high HighARE 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 godown. 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.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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 amountyou sell.• When you buy the fund, we pay a commission of up to 5%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause 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)*75/75 0.99%75/100 1.00%100/100 1.00%* In response to historical low short-term interest rates, and to prevent providing negative returns to policyholders, the decision was made to temporarily waive a portion of the feescharged to the Fund. This temporary measure was effective as of March 31, 2009. We reserve the right to change management fees.72

Transamerica Canadian Money Market GIF – imaxxGIFimaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeDSC Upon DeathTransfer FeeWhat you payThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Up to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.caAny 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.73

imaxxGIFTransamerica Canadian Bond GIF – imaxxGIFAll information is as of December 31, 2012FUND FACTSQUICK FACTSDate fund createdGuarantee option(Maturity/Death)Total fund value(in 000s)August 2003 $32,613 137.92%Fund codes(DSC/ISC)Portfolio turnover rate Portfolio manager Minimum initial depositAegon CapitalManagement Inc.Management expense ratio(MER)$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.Net asset value per unitNumber of unitsoutstanding75/75 TLC452/TLC453 2.31% $8.96 1,133,78875/100 TLC852/TLC853 2.33% $8.91 2,486,912100/100 TLC254/TLC255 2.52% $9.96 24,103WHAT DOES THE FUND INVEST IN?The Fund invests mainly in medium term, high-quality corporateand government bonds.Top 10 investments of the fund as of December 31, 2012Gov’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: 70Asset mix as of December 31, 2012Bond 99.19%Cash 0.81%HOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed overthe 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 returnA person who invested $1,000 in the fund on August 5, 2003 now has $1,566.95.This works out to an average of 4.89% per year.Year-by-year returns151050-55.41% 5.25%2.47%-0.77%2.89%8.42%6.26%8.68%3.82%2004 2005 2006 2007 2008 2009 2010 2011 2012This chart shows how the fund has performed in each of the past 9 years. In the last9 years, the performance was up in value 8 years and down in value 1 year.74

Transamerica Canadian Bond GIF – imaxxGIFimaxxGIFHOW 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.Very low LowLow tomoderate ModerateModerateto high HighARE 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 godown. 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 invalue during the term.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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 amountyou sell.• When you buy the fund, we pay a commission of up to 5%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause 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)75/75 2.31%75/100 2.33%100/100 2.52%75

Transamerica Canadian Bond GIF – imaxxGIFimaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeDSC Upon DeathTransfer FeeWhat you payThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Up to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.caAny 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.76

imaxxGIFTransamerica TD Income Advantage GIF – imaxxGIFAll information is as of December 31, 2012FUND FACTSQUICK FACTSDate fund createdGuarantee option(Maturity/Death)Total fund value(in 000s)November 2012 $22 12.27%Fund codes(DSC/ISC)Portfolio turnover rate Portfolio manager Minimum initial depositTD AssetManagement Inc.Management expense ratio(MER)$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.Net asset value per unitNumber of unitsoutstanding75/75 TLC436/TLC437 3.22% $10.10 1,00075/100 TLC844/TLC845 3.30% $10.07 1,204WHAT DOES THE FUND INVEST IN?The Fund invests mainly in units of the current underlying fundand/or other investments as chosen by us.Current underlying fund as of December 2012TD Income Advantage PortfolioTop investments of the underlying fund as of December 31, 2012TD 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%HOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed for acontractholder. 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 returnA person who invested $1,000 in the fund on August 5, 2003 now has $ 1,001.08 .This works out to an average of 0.66% per year.Year-by-year returns302016.4%Total 100.14%Total investments: 71007.1% 5.7% 5.3%0.7%6.0%4.8% 4.2%Asset mix of the underlying fund as of December 31, 2012-10-7.7%Stock 20.93%Bond 69.09%Cash 9.43%Other 0.56%-202004 2005 2006 2007 2008 2009 2010 2011 2012TD Income Advantage Portfolio (underlying fund)For illustration purposes. This chart shows how the underlying fund performed in eachof the past 9 years. In the last 8 years, the performance was up in value 8 years anddown in value 1 year. The segregated fund MER is higher than the underlying mutualfund MER. Actual segregated fund performance is expected to be lower than theunderlying fund performance.HOW RISKY IS IT?The value of your investments can go down. Please see the Risks of Investing inSegregated Funds Section of the Information Folder for the risks of this fund.Low toModerateVery low Low moderate Moderate to high High77

Transamerica TD Income Advantage GIF – imaxxGIFimaxxGIFARE 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 godown. 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 invalue during the term.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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 amountyou sell.• When you buy the fund, we pay a commission of up to 5%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause 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)75/75 3.22%75/100 3.30%78

Transamerica TD Income Advantage GIF – imaxxGIFimaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeDSC Upon DeathTransfer FeeWhat you payThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Up to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.caAny 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.79

imaxxGIFTransamerica Canadian Short-Term Bond GIF – imaxxGIFAll information is as of December 31, 2012FUND FACTSQUICK FACTSDate fund createdGuarantee option(Maturity/Death)Total fund value(in 000s)November 2012 $13,239 185.31%Fund codes(DSC/ISC)Portfolio turnover rate Portfolio manager Minimum initial depositAegon CapitalManagement Inc.Management expense ratio(MER) – Estimated$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.Net asset value per unitNumber of unitsoutstanding75/75 TLC430/TLC431 2.17% $10.00 N/A75/100 TLC838/TLC839 2.22% $10.00 N/A100/100 TLC252/TLC253 2.31% $10.00 N/AWHAT DOES THE FUND INVEST IN?The Fund invests mainly in Canadian fixed-income and othershort-term securities.Top 10 investments of the underlying fund as of December 31, 2012Gov’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%Daimler Chrysler 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: 36Asset mix as of December 31, 2012Bond 99.31%Cash 0.69%HOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed for acontractholder. 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/AYear-by-year returns765432102.27%3.29%1.24%2.51%1.87%4.21%5.51%3.25%2.89%1.79%2003 2004 2005 2006 2007 2008 2009 2010 2011 2012Transamerica Canadian Short-Term Bond GIF – GS/GS2This chart shows how another class (original class) of the same fund performed in eachof 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 inSegregated Funds Section of the Information Folder for the risks of this fund.Low toModerateVery low Low moderate Moderate to high High80

Transamerica Canadian Short-Term Bond GIF – imaxxGIFimaxxGIFARE 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 godown. 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.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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 amountyou sell.• When you buy the fund, we pay a commission of up to 5%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause they reduce the return you get on your investment. For details about how the guarantees work, see your insurance contract.Guarantee(Maturity/Death)Estimated MER (Annual rate as a %of the fund’s value)75/75 2.17%75/100 2.22%100/100 2.31%81

Transamerica Canadian Short-Term Bond GIF – imaxxGIFimaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeDSC Upon DeathTransfer FeeWhat you payThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Up to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.caAny 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.82

imaxxGIFTransamerica Canadian Balanced GIF – imaxxGIFAll information is as of December 31, 2012FUND FACTSQUICK FACTSDate fund createdGuarantee option(Maturity/Death)Total fund value(in 000s)August 2003 $45,983 132.35%Fund codes(DSC/ISC)Portfolio turnover rate Portfolio manager Minimum initial depositAegon CapitalManagement Inc.Management expense ratio(MER)$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.Net asset value per unitNumber of unitsoutstanding75/75 TLC460/TLC461 2.57% $7.06 2,044,25675/100 TLC860/TLC861 2.79% $6.73 3,064,199100/100 TLC260/TLC261 3.58% $10.00 1,088,378WHAT DOES THE FUND INVEST IN?The Fund invests in a balanced mix of Canadian fixed-income andequity securities.Top 10 investments of the fund as of December 31, 2012iShares 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: 112Asset mix as of December 31, 2012HOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed overthe 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 returnA person who invested $1,000 in the fund on August 5, 2003 now has $1,591.This works out to an average of 5.06% per year.Year-by-year returns20100-1011.21% 14.97% 10.91%2.78%12.06%7.52%-1.91%3.51%-20-19.37%Stock 47.14%Bond 48.53%Cash 4.33%-302004 2005 2006 2007 2008 2009 2010 2011 2012This chart shows how the fund has performed in each of the past 9 years. In the last9 years, the performance was up in value 7 years and down in value 2 years.83

Transamerica Canadian Balanced GIF – imaxxGIFimaxxGIFHOW 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.Very low LowLow tomoderate ModerateModerateto high HighARE 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 godown. 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 tomoderate changes in value during the term.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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 amountyou sell.• When you buy the fund, we pay a commission of up to 5%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause 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)75/75 2.57%75/100 2.79%100/100 3.58%84

Transamerica Canadian Balanced GIF – imaxxGIFimaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeDSC Upon DeathTransfer FeeWhat you payThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Up to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.caAny 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.85

imaxxGIFTransamerica Canadian Fixed Pay GIF – imaxxGIFAll information is as of December 31, 2012FUND FACTSQUICK FACTSDate fund createdGuarantee option(Maturity/Death)Total fund value(in 000s)August 2003 $44,662 10.19%Fund codes(DSC/ISC)Portfolio turnover rate Portfolio manager Minimum initial depositAegon CapitalManagement Inc.Management expense ratio(MER)$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.Net asset value per unitNumber of unitsoutstanding75/75 TLC454/TLC455 2.95% $10.26 1,101,04775/100 TLC854/TLC855 3.15% $10.07 3,314,589WHAT DOES THE FUND INVEST IN?The Fund invests mainly in units of the current underlying fundand/or other investments as chosen by us.Current underlying fund as of December 2012imaxx Canadian Fixed Pay FundTop 10 investments of the underlying fund as of December 31, 2012TD 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: 106Asset mix of the underlying fund as of December 31, 2012Stock 75.20%Bond 19.77%Cash 5.03%HOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed overthe 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 returnA person who invested $1,000 in the fund on August 5, 2003 now has $2,014.68.This works out to an average of 7.73% per year.Year-by-year returns6040200-20-4020.30%6.63%-2.11%17.38%10.08% 7.85% 6.02%-26.41%34.57%2004 2005 2006 2007 2008 2009 2010 2011 2012This chart shows how the fund has performed in each of the past 9 years. In the last9 years, the performance was up in value 7 years and down in value 2 years.86

Transamerica Canadian Fixed Pay GIF – imaxxGIFimaxxGIFHOW 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.Very low LowLow tomoderate ModerateModerateto high HighARE 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 godown. 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 changesin value during the term.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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 amountyou sell.• When you buy the fund, we pay a commission of up to 5%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause 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)75/75 2.95%75/100 3.15%87

Transamerica Canadian Fixed Pay GIF – imaxxGIFimaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeDSC Upon DeathTransfer FeeWhat you payThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Up to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.caAny 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.88

imaxxGIFTransamerica Fidelity Canadian Balanced GIF – imaxxGIFAll information is as of December 31, 2012FUND FACTSQUICK FACTSDate fund createdGuarantee option(Maturity/Death)Total fund value(in 000s)November 2012 N/A N/AFund codes(DSC/ISC)Portfolio turnover rate Portfolio manager Minimum initial depositFidelity InvestmentsCanada ULCManagement expense ratio(MER) – Estimated$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.Net asset value per unitNumber of unitsoutstanding75/75 TLC432/TLC433 2.78% $10.00 N/A75/100 TLC840/TLC841 3.01% $10.00 N/AWHAT DOES THE FUND INVEST IN?The Fund invests mainly in units of the current underlying fundand/or other investments as chosen by us.Current underlying fund as of December 2012Fidelity Canadian Balanced FundTop 10 investments of the underlying fund as of December 31, 2012Royal 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: 634Asset mix as of December 31, 2012Stock 50.19%Bond 39.20%Cash 2.92%Other 7.69%HOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed for acontractholder. 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/AYear-by-year returns3020100-10-20-3012.4%9.2%13.5% 10.2% 7.8%22.0%-18.9%13.1%-1.3%5.8%2003 2004 2005 2006 2007 2008 2009 2010 2011 2012Fidelity Canadian Balanced Fund (underlying fund)For illustration purposes. This chart shows how the underlying fund performed in eachof the past 10 years. In the last 10 years the performance was up in value 8 years anddown in value 2 years. The segregated fund MER is higher than the underlying mutualfund MER. Actual segregated fund performance is expected to be lower than theunderlying fund performance.HOW RISKY IS IT?The value of your investments can go down. Please see the Risks of Investing inSegregated Funds Section of the Information Folder for the risks of this fund.Low toModerateVery low Low moderate Moderate to high High89

Transamerica Fidelity Canadian Balanced GIF – imaxxGIFimaxxGIFARE 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 godown. 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 tomoderate changes in value during the term.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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 amountyou sell.• When you buy the fund, we pay a commission of up to 5%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause they reduce the return you get on your investment. For details about how the guarantees work, see your insurance contract.Guarantee(Maturity/Death)Estimated MER (Annual rate as a %of the fund’s value)75/75 2.78%75/100 3.01%90

Transamerica Fidelity Canadian Balanced GIF – imaxxGIFimaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeDSC Upon DeathTransfer FeeWhat you payThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Up to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.caAny 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.91

imaxxGIFTransamerica Fidelity Canadian Asset Allocation GIF – imaxxGIFAll information is as of December 31, 2012FUND FACTSQUICK FACTSDate fund createdGuarantee option(Maturity/Death)Total fund value(in 000s)August 2003 $28,624 4.87%Fund codes(DSC/ISC)Portfolio turnover rate Portfolio manager Minimum initial depositFidelity InvestmentsCanada ULCManagement expense ratio(MER)$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.Net asset value per unitNumber of unitsoutstanding75/75 TLC458/TLC459 2.81% $8.63 1,037,66175/100 TLC858/TLC859 2.98% $8.46 2,328,709WHAT DOES THE FUND INVEST IN?The Fund invests mainly in units of the current underlying fundand/or other investments as chosen by us.Current underlying fund as of December 2012Fidelity Canadian Asset Allocation FundTop 10 investments of the underlying fund as of December 31, 2012TD 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: 1050Asset mix of the underlying fund as of December 31, 2012Stock 64.75%Bond 28.73%Cash 6.40%Other 0.12%HOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed overthe 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 returnA person who invested $1,000 in the fund on August 5, 2003 now has $1,647.44.This works out to an average of 5.45% per year.Year-by-year returns30150-15-309.53% 13.66% 11.15%5.53%-19.79%24.06%9.12%-6.02%1.93%2004 2005 2006 2007 2008 2009 2010 2011 2012This chart shows how the fund has performed in each of the past 9 years. In the last9 years, the performance was up in value 7 years and down in value 2 years.92

Transamerica Fidelity Canadian Asset Allocation GIF – imaxxGIFimaxxGIFHOW 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.Very low LowLow tomoderate ModerateModerateto high HighARE 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 godown. 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 tomoderate changes in value during the term.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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 amountyou sell.• When you buy the fund, we pay a commission of up to 5%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause 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)75/75 2.81%75/100 2.98%93

Transamerica Fidelity Canadian Asset Allocation GIF – imaxxGIFimaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeDSC Upon DeathTransfer FeeWhat you payThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Up to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.caAny 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.94

imaxxGIFTransamerica TD Dividend Balanced GIP – imaxxGIFAll information is as of December 31, 2012FUND FACTSQUICK FACTSDate fund createdGuarantee option(Maturity/Death)Total fund value(in 000s)November 2012 N/A N/APortfolio turnover rate Portfolio manager Minimum initial depositFund codes(DSC/ISC)TD Asset Management Inc.– Multi ManagersManagement expense ratio(MER) – Estimated$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.Net asset value per unitNumber of unitsoutstanding75/75 TLC434/TLC435 3.34% $10.00 N/A75/100 TLC842/TLC843 3.40% $10.00 N/AWHAT DOES THE FUND INVEST IN?The Fund invests in units of several underlying TD mutual fundsand/or other investments as chosen by us. The underlying mutualfunds will invest mainly in high-quality, high-yielding equities ofCanadian companies and fixed-income securities.Investments of the underlying fundas at December 2012TD Canadian Core Plus Bond FundTD Dividend Growth FundTargetallocation60%40%Top investments of the fund as of December 31, 2012TD Canadian Core Plus Bond 59.64%(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 40.36%Total 100.00%Total investments: 2Sector allocation of underlying funds as of December 31, 2012HOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed for acontractholder. 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/AYear-by-year returns – N/AEnergy 8.62%Materials 1.49%Financials 20.21%Industrials 2.36%Consumer Discretionary 1.62%Consumer Staples 0.72%Information Technology 0.02%Telecommunication Services 3.11%Utilities 1.77%Other 60.08%HOW RISKY IS IT?The value of your investments can go down. Please see the Risks of Investing inSegregated Funds Section of the Information Folder for the risks of this fund.Low toModerateVery low Low moderate Moderate to high High95

Transamerica TD Dividend Balanced GIP – imaxxGIFimaxxGIFARE 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 godown. 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 tomoderate changes in value during the term.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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 amountyou sell.• When you buy the fund, we pay a commission of up to 5%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause they reduce the return you get on your investment. For details about how the guarantees work, see your insurance contract.Guarantee(Maturity/Death)Estimated MER (Annual rate as a %of the fund’s value)75/75 3.34%75/100 3.40%96

Transamerica TD Dividend Balanced GIP – imaxxGIFimaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeDSC Upon DeathTransfer FeeWhat you payThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Up to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.caAny 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.97

imaxxGIFTransamerica TD Dividend Income GIF – imaxxGIFAll information is as of December 31, 2012FUND FACTSQUICK FACTSDate fund createdGuarantee option(Maturity/Death)Total fund value(in 000s)August 2003 $64,172 6.94%Fund codes(DSC/ISC)Portfolio turnover rate Portfolio manager Minimum initial depositTD AssetManagement Inc.Management expense ratio(MER)$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.Net asset value per unitNumber of unitsoutstanding75/75 TLC476/TLC477 2.69% $9.57 1,528,89275/100 TLC876/TLC877 2.89% $9.47 5,234,323WHAT DOES THE FUND INVEST IN?The Fund invests mainly in units of the current underlying fundand/or other investments as chosen by us.Current underlying fund as of December 2012TD Dividend Income FundTop 10 investments of the underlying fund as of December 31, 2012Royal 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: 330HOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed overthe 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 returnA person who invested $1,000 in the fund on August 5, 2003 now has $1,696.58.This works out to an average of 5.78% per year.Year-by-year returns40200-2011.52% 15.86% 12.28%-0.82%29.61%8.07% 8.44%0.76%Asset mix of the underlying fund as of December 31, 2012-40-29.47%2004 2005 2006 2007 2008 2009 2010 2011 2012Stock 75.23%Bond 21.49%Cash 2.58%Other 0.69%This chart shows how the fund has performed in each of the past 9 years. In the last9 years, the performance was up in value 7 years and down in value 2 years.98

Transamerica TD Dividend Income GIF – imaxxGIFimaxxGIFHOW 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.Very low LowLow tomoderate ModerateModerateto high HighARE 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 godown. 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 tomoderate changes in value during the term.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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 amountyou sell.• When you buy the fund, we pay a commission of up to 5%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause 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)75/75 2.69%75/100 2.89%99

Transamerica TD Dividend Income GIF – imaxxGIFimaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeDSC Upon DeathTransfer FeeWhat you payThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Up to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.caAny 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.100

imaxxGIFTransamerica Canadian Equity GIF – imaxxGIFAll information is as of December 31, 2012FUND FACTSQUICK FACTSDate fund createdGuarantee option(Maturity/Death)Total fund value(in 000s)August 2003 $21,424 63.23%Fund codes(DSC/ISC)Portfolio turnover rate Portfolio manager Minimum initial depositAegon CapitalManagement Inc.Management expense ratio(MER)$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.Net asset value per unitNumber of unitsoutstanding75/75 TLC478/TLC479 2.79% $4.81 1,337,89375/100 TLC878/TLC879 3.06% $4.50 3,329,161WHAT DOES THE FUND INVEST IN?The Fund invests mainly in the equities of large Canadiancompanies and some medium-sized companies with strong growthpotential.Top 10 investments of the fund as of December 31, 2012TD 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: 73HOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed overthe 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 returnA person who invested $1,000 in the fund on August 5, 2003 now has $1,555.74.This works out to an average of 4.81% per year.Year-by-year returns4020010.50%19.22%17.88%9.75%3.67%12.69% 14.40% -33.70%Asset mix as of December 31, 2012-20-9.74%Stock 99.68%Cash 0.32%-402004 2005 2006 2007 2008 2009 2010 2011 2012This chart shows how the fund has performed in each of the past 9 years. In the last9 years, the performance was up in value 7 years and down in value 2 years.101

Transamerica Canadian Equity GIF – imaxxGIFimaxxGIFHOW 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.Very low LowLow tomoderate ModerateModerateto high HighARE 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 godown. 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 duringthe term.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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 amountyou sell.• When you buy the fund, we pay a commission of up to 5%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause 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)75/75 2.79%75/100 3.06%102

Transamerica Canadian Equity GIF – imaxxGIFimaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeDSC Upon DeathTransfer FeeWhat you payThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Up to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.caAny 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.103

imaxxGIFTransamerica CI Conservative GIP – imaxxGIF †All information is as of December 31, 2012FUND FACTSQUICK FACTSDate fund createdGuarantee option(Maturity/Death)Total fund value(in 000s)Portfolio turnover rate Portfolio manager Minimum initial depositAugust 2003 $41,659 124.33% CI Investments Inc.Fund codes(DSC/ISC)Management expense ratio(MER)$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.Net asset value per unitNumber of unitsoutstanding75/75 TLC462/TLC463 3.10% $6.33 1,063,74975/100 TLC862/TLC863 3.05% $6.24 1,965,938100/100 TLC262/TLC263 3.24% $6.08 3,655,669†Formerly Transamerica TOP TM Conservative GIPWHAT DOES THE FUND INVEST IN?The Fund invests mainly in units of the current underlying fundand/or other investments as chosen by us.Current underlying fund as of December 2012Transamerica CI Conservative PortfolioTop 10 investments of the underlying fund as of December 31, 2012Aegon 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: 16Asset mix of the underlying fund as of December 31, 2012Stock 45.90%Bond 49.78%Cash 4.31%HOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed overthe 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 returnA person who invested $1,000 in the fund on August 5, 2003 now has $1,354.74.This works out to an average of 3.28% per year.Year-by-year returns20100-10-205.06% 6.23% 6.51%-1.78%-14.09%12.85%7.05% 6.39%-0.30%2004 2005 2006 2007 2008 2009 2010 2011 2012Transamerica TOP TM Conservative GIP – imaxxGIFTransamerica TOP TM Conservative GIP – imaxxGIF up to Sept 21, 2012Transamerica CI Conservative GIP – imaxxGIF (fund) – post Sept 21, 2012This chart shows how the fund has performed in each of the past 9 years. The fundname and the underlying fund changed in September 2012. In the last 9 years, theperformance was up in value 6 years and down in value 3 years.104

Transamerica CI Conservative GIP – imaxxGIF (Formerly Transamerica TOP TM Conservative GIP)imaxxGIFHOW 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.Very low LowLow tomoderate ModerateModerateto high HighARE 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 godown. 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 tomoderate changes in value during the term.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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 amountyou sell.• When you buy the fund, we pay a commission of up to 6%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause 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)75/75 3.10%75/100 3.05%100/100 3.24%105

Transamerica CI Conservative GIP – imaxxGIF (Formerly Transamerica TOP TM Conservative GIP)imaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeDSC Upon DeathTransfer FeeWhat you payThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Up to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.caAny 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.106

imaxxGIFTransamerica CI Canadian Balanced GIP – imaxxGIF †All information is as of December 31, 2012FUND FACTSQUICK FACTSDate fund createdGuarantee option(Maturity/Death)Total fund value(in 000s)Portfolio turnover rate Portfolio manager Minimum initial depositDecember 2006 $29,224 127.19% CI Investments Inc.Fund codes(DSC/ISC)Management expense ratio(MER)$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.Net asset value per unitNumber of unitsoutstanding75/75 TLC494/TLC495 3.16% $11.82 288,42775/100 TLC894/TLC895 3.26% $11.75 1,013,109100/100 TLC294/TLC295 3.56% $11.53 1,178,629†Formerly Transamerica TOP TM Canadian Balanced GIPWHAT DOES THE FUND INVEST IN?The Fund invests mainly in units of the current underlying fundand/or other investments as chosen by us.Current underlying fund as of December 2012Transamerica CI Canadian Balanced PortfolioTop 10 investments of the underlying fund as of December 31, 2012Aegon 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%HOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed overthe 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 returnA person who invested $1,000 in the fund on December 4, 2006 now has $1,163.23.This works out to an average of 2.52% per year.Year-by-year returns301501.09%18.58%8.89%-0.98%6.19%Total 94.71%Total investments: 13Sector allocation of underlying funds as of December 31, 2012-15-30-15.34%2007 2008 2009 2010 2011 2012Energy 9.36%Materials 4.47%Financials 11.77%Industrials 5.50%Consumer Discretionary 4.33%Consumer Staples 4.24%Information Technology 4.90%Telecommunication Services 1.16%Health Care 3.93%Utilities 1.37%Other 48.97%Transamerica TOP TM Canadian Balanced GIP – imaxxGIFTransamerica TOP TM Canadian Balanced GIP – imaxxGIF up to Sept 21, 2012Transamerica CI Canadian Balanced GIP – imaxxGIF (fund) – post Sept 21, 2012This chart shows how the fund has performed in each of the past 6 years. The fundname and the underlying fund changed in September 2012. In the last 6 years, theperformance was up in value 4 years and down in value 2 years.107

Transamerica CI Canadian Balanced GIP – imaxxGIF (Formerly Transamerica TOP TM Canadian Balanced GIP)imaxxGIFHOW 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.Very low LowLow tomoderate ModerateModerateto high HighARE 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 godown. 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 tomoderate changes in value during the term.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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 amountyou sell.• When you buy the fund, we pay a commission of up to 6%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause 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)75/75 3.16%75/100 3.26%100/100 3.56%108

Transamerica CI Canadian Balanced GIP – imaxxGIF (Formerly Transamerica TOP TM Canadian Balanced GIP)imaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeDSC Upon DeathTransfer FeeWhat you payThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Up to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.caAny 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.109

imaxxGIFTransamerica CI Balanced GIP – imaxxGIF †All information is as of December 31, 2012FUND FACTSQUICK FACTSDate fund createdGuarantee option(Maturity/Death)Total fund value(in 000s)Portfolio turnover rate Portfolio manager Minimum initial depositAugust 2003 $100,174 117.61% CI Investments Inc.Fund codes(DSC/ISC)Management expense ratio(MER)$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.Net asset value per unitNumber of unitsoutstanding75/75 TLC466/TLC467 3.10% $5.33 1,950,59075/100 TLC866/TLC867 3.12% $5.26 5,639,945100/100 TLC266/TLC267 3.29% $5.12 11,858,729†Formerly Transamerica TOP TM Balanced GIPWHAT DOES THE FUND INVEST IN?The Fund invests mainly in units of the current underlying fundand/or other investments as chosen by us.Current underlying fund as of December 2012Transamerica CI Balanced PortfolioTop 10 investments of the underlying fund as of December 31, 2012Aegon 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: 20HOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed overthe 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 returnA person who invested $1,000 in the fund on August 5, 2003 now has $1,293.10.This works out to an average of 2.77% per year.Year-by-year returns30150-155.24% 6.43% 8.79% -3.05%-20.25%15.21%7.91% 7.71%-3.53%Asset mix of the underlying fund as of December 31, 2012-302004 2005 2006 2007 2008 2009 2010 2011 2012Stock 62.18%Bond 33.41%Cash 4.39%Transamerica TOP TM Balanced GIP – imaxxGIFTransamerica TOP TM Balanced GIP – imaxxGIF up to Sept 21, 2012Transamerica CI Balanced GIP – imaxxGIF (fund) – post Sept 21, 2012This chart shows how the fund has performed in each of the past 9 years. The fundname and the underlying fund changed in September 2012. In the last 9 years, theperformance was up in value 6 years and down in value 3 years.110

Transamerica CI Balanced GIP – imaxxGIF (Formerly Transamerica TOP TM Balanced GIP)imaxxGIFHOW 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.Very low LowLow tomoderate ModerateModerateto high HighARE 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 godown. 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 tomoderate changes in value during the term.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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 amountyou sell.• When you buy the fund, we pay a commission of up to 6%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause 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)75/75 3.10%75/100 3.12%100/100 3.29%111

Transamerica CI Balanced GIP – imaxxGIF (Formerly Transamerica TOP TM Balanced GIP)imaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeDSC Upon DeathTransfer FeeWhat you payThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Up to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.caAny 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.112

imaxxGIFTransamerica CI Growth GIP – imaxxGIF †All information is as of December 31, 2012FUND FACTSQUICK FACTSDate fund createdGuarantee option(Maturity/Death)Total fund value(in 000s)Portfolio turnover rate Portfolio manager Minimum initial depositAugust 2003 $132,892 117.44% CI Investments Inc.Fund codes(DSC/ISC)Management expense ratio(MER)$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.Net asset value per unitNumber of unitsoutstanding75/75 TLC470/TLC471 3.16% $4.87 3,703,56975/100 TLC870/TLC871 3.18% $4.81 8,413,299100/100 TLC270/TLC271 3.65% $4.55 16,075,508†Formerly Transamerica TOP TM Growth GIPWHAT DOES THE FUND INVEST IN?The Fund invests mainly in units of the current underlying fundand/or other investments as chosen by us.Current underlying fund as of December 2012Transamerica CI Growth PortfolioTop 10 investments of the underlying fund as of December 31, 2012Aegon 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: 19HOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed overthe 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 returnA person who invested $1,000 in the fund on August 5, 2003 now has $1,284.84.This works out to an average of 2.70% per year.Year-by-year returns30150-156.09% 7.21% 10.79% -4.84%20.54%9.30% 8.41%-5.86%Asset mix of the underlying fund as of December 31, 2012-30-26.25%2004 2005 2006 2007 2008 2009 2010 2011 2012Stock 77.31%Bond 17.69%Cash 5.01%Transamerica TOP TM Growth GIP – imaxxGIFTransamerica TOP TM Growth GIP – imaxxGIF up to Sept 21, 2012Transamerica CI Growth GIP – imaxxGIF (fund) – post Sept 21, 2012This chart shows how the fund has performed in each of the past 9 years. The fundname and the underlying fund changed in September 2012. In the last 9 years, theperformance was up in value 6 years and down in value 3 years.113

Transamerica CI Growth GIP – imaxxGIF (Formerly Transamerica TOP TM Growth GIP)imaxxGIFHOW 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.Very low LowLow tomoderate ModerateModerateto high HighARE 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 godown. 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 tomoderate changes in value during the term.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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 amountyou sell.• When you buy the fund, we pay a commission of up to 6%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause 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)75/75 3.16%75/100 3.18%100/100 3.65%114

Transamerica CI Growth GIP – imaxxGIF (Formerly Transamerica TOP TM Growth GIP)imaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeDSC Upon DeathTransfer FeeWhat you payThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Up to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.caAny 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.115

imaxxGIFTransamerica CI Maximum Growth GIP – imaxxGIF †All information is as of December 31, 2012FUND FACTSQUICK FACTSDate fund createdGuarantee option(Maturity/Death)Total fund value(in 000s)Portfolio turnover rate Portfolio manager Minimum initial depositAugust 2003 $91,266 137.46% CI Investments Inc.Fund codes(DSC/ISC)Management expense ratio(MER)$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.Net asset value per unitNumber of unitsoutstanding75/75 TLC474/TLC475 3.25% $4.10 6,902,15175/100 TLC874/TLC875 3.47% $4.00 15,539,218†Formerly Transamerica TOP TM Aggressive Growth GIPWHAT DOES THE FUND INVEST IN?The Fund invests mainly in units of the current underlying fundand/or other investments as chosen by us.Current underlying fund as of December 2012Transamerica CI Maximum Growth PortfolioTop 10 investments of the underlying fund as of December 31, 2012Cambridge 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: 18Asset mix of the underlying fund as of December 31, 2012Stock 88.56%Bond 5.11%Cash 6.31%HOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed overthe 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 returnA person who invested $1,000 in the fund on August 5, 2003 now has $1,274.28.This works out to an average of 2.61% per year.Year-by-year returns40200-20-405.66%10.19%14.13%-5.48%-33.16%26.68%10.83% 9.06%-10.11%2004 2005 2006 2007 2008 2009 2010 2011 2012Transamerica TOP TM Aggressive Growth GIP – imaxxGIFTransamerica TOP TM Aggressive Growth GIP – imaxxGIF up to Sept 21, 2012Transamerica CI Maximum Growth GIP – imaxxGIF (fund) – post Sept 21, 2012This chart shows how the fund has performed in each of the past 9 years. Theunderlying fund changed in September 2012. In the last 9 years, the performance wasup in value 6 years and down in value 3 years.116

Transamerica CI Maximum Growth GIP – imaxxGIF (Formerly Transamerica TOP TM Aggressive Growth GIP)imaxxGIFHOW 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.Very low LowLow tomoderate ModerateModerateto high HighARE 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 godown. 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 duringthe term.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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 amountyou sell.• When you buy the fund, we pay a commission of up to 6%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause 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)75/75 3.25%75/100 3.47%117

Transamerica CI Maximum Growth GIP – imaxxGIF (Formerly Transamerica TOP TM Aggressive Growth GIP)imaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeDSC Upon DeathTransfer FeeWhat you payThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Up to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.caAny 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.118

imaxxGIFTransamerica Quotential Balanced Income GIF – imaxxGIFAll information is as of December 31, 2012FUND FACTSQUICK FACTSDate fund createdGuarantee option(Maturity/Death)Total fund value(in 000s)November 2012 N/A N/AFund codes(DSC/ISC)Portfolio turnover rate Portfolio manager Minimum initial depositFiduciary TrustCompany of CanadaManagement expense ratio(MER) – Estimated$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.Net asset value per unitNumber of unitsoutstanding75/75 TLC440/TLC441 2.80% $10.00 N/A75/100 TLC848/TLC849 3.03% $10.00 N/A100/100 TLC258/TLC259 3.44% $10.00 N/AWHAT DOES THE FUND INVEST IN?The Fund invests mainly in units of the current underlying fundand/or other investments as chosen by us. Effective July 29, 2013,the underlying fund Quotential Balanced Income Portfolio waschanged to Franklin Quotential Balanced Income Portfolio.Current underlying fund as of December 2012Franklin Quotential Balanced Income PortfolioHOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed for acontractholder. 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/AYear-by-year returnsTop 10 investments of the underlying fund as of December 31, 2012Bissett 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: 313020100-10-20-3020.8%10.1% 8.7% 8.1% 7.7%8.6%5.8%-0.3%-1.45%-18.4%2003 2004 2005 2006 2007 2008 2009 2010 2011 2012Franklin Quotential Balanced Income Portfolio (underlying fund)Asset mix of the underlying fund as of December 31, 2012Stock 29.51%Bond 45.34%Cash 10.48%Other 14.64%For illustration purposes. This chart shows how the underlying fund performed in eachof the past 10 years. In the last 10 years, the performance was up in value 7 yearsand down in value 3 years. The segregated fund MER is higher than the underlyingmutual fund MER. Actual segregated fund performance is expected to be lower thanthe underlying fund performance.HOW RISKY IS IT?The value of your investments can go down. Please see the Risks of Investing inSegregated Funds Section of the Information Folder for the risks of this fund.Low toModerateVery low Low moderate Moderate to high High119

Transamerica Quotential Balanced Income GIF – imaxxGIFimaxxGIFARE 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 godown. 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 tomoderate changes in value during the term.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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 amountyou sell.• When you buy the fund, we pay a commission of up to 5%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause they reduce the return you get on your investment. For details about how the guarantees work, see your insurance contract.Guarantee(Maturity/Death)Estimated MER (Annual rate as a %of the fund’s value)75/75 2.80%75/100 3.03%100/100 3.44%120

Transamerica Quotential Balanced Income GIF – imaxxGIFimaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeDSC Upon DeathTransfer FeeWhat you payThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Up to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.caAny 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.121

imaxxGIFTransamerica Quotential Balanced Growth GIF – imaxxGIFAll information is as of December 31, 2012FUND FACTSQUICK FACTSDate fund createdGuarantee option(Maturity/Death)Total fund value(in 000s)November 2012 $6 14.75%Fund codes(DSC/ISC)Portfolio turnover rate Portfolio manager Minimum initial depositFiduciary TrustCompany of CanadaManagement expense ratio(MER)$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.Net asset value per unitNumber of unitsoutstanding75/75 TLC438/TLC439 2.90% – Estimated $10.00 N/A75/100 TLC846/TLC847 3.13% – Estimated $10.00 N/A100/100 TLC256/TLC257 3.63% $10.06 613WHAT DOES THE FUND INVEST IN?The Fund invests mainly in units of the current underlying fundand/or other investments as chosen by us. Effective July 29, 2013,the underlying fund Quotential Balanced Growth Portfolio waschanged to Franklin Quotential Balanced Growth Portfolio.Current underlying fund as of December 2012Franklin Quotential Balanced Growth PortfolioHOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed for acontractholder. 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/AYear-by-year returnsTop 10 investments of the underlying fund as of December 31, 2012Bissett 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: 3240200-20-4025.4%11.4% 9.5% 10.6% 9.9%9.6%6.4%-0.2%-4.5%-25.4%2003 2004 2005 2006 2007 2008 2009 2010 2011 2012Franklin Quotential Balanced Growth Portfolio (underlying fund)Asset mix of the underlying fund as of December 31, 2012Stock 42.90%Bond 25.75%Cash 9.91%Other 21.45%For illustration purposes. This chart shows how the underlying fund performed in eachof the past 10 years. In the last 10 years, the performance was up in value 7 yearsand down in value 3 years. The segregated fund MER is higher than the underlyingmutual fund MER. Actual segregated fund performance is expected to be lower thanthe underlying fund performance.HOW RISKY IS IT?The value of your investments can go down. Please see the Risks of Investing inSegregated Funds Section of the Information Folder for the risks of this fund.Low toModerateVery low Low moderate Moderate to high High122

Transamerica Quotential Balanced Growth GIF – imaxxGIFimaxxGIFARE 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 godown. 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 tomoderate changes in value during the term.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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 amountyou sell.• When you buy the fund, we pay a commission of up to 5%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause 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)75/75 2.90% – Estimated75/100 3.13% – Estimated100/100 3.63%123

Transamerica Quotential Balanced Growth GIF – imaxxGIFimaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeDSC Upon DeathTransfer FeeWhat you payThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Up to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.caAny 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.124

imaxxGIFTransamerica Quotential Growth GIF – imaxxGIFAll information is as of December 31, 2012FUND FACTSQUICK FACTSDate fund createdGuarantee option(Maturity/Death)Total fund value(in 000s)November 2012 N/A N/AFund codes(DSC/ISC)Portfolio turnover rate Portfolio manager Minimum initial depositFiduciary TrustCompany of CanadaManagement expense ratio(MER) – Estimated$500/Policy ($250/Fund)Existing pre-authorized chequing deposits (PAC) are allowed.Net asset value per unitNumber of unitsoutstanding75/75 TLC442/TLC443 2.94% $10.00 N/A75/100 TLC896/TLC897 3.17% $10.00 N/AWHAT DOES THE FUND INVEST IN?The Fund invests mainly in units of the current underlying fundand/or other investments as chosen by us. Effective July 29, 2013,the underlying fund Quotential Growth Portfolio was changed toFranklin Quotential Growth Portfolio.Current underlying fund as of December 2012Franklin Quotential Growth PortfolioTop 10 investments of the underlying fund as of December 31, 2012Bissett 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: 34Asset mix of the underlying fund as of December 31, 2012Stock 57.72%Bond 9.30%Cash 7.51%Other 25.46%HOW HAS THE FUND PERFORMED?This section tells you how the fund in a 75/100 guarantee option has performed for acontractholder. 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/AYear-by-year returns40200-20-4010.4% 7.7% 8.8% 13.3% -1.3%-31.1%27.4%9.8% 7.6%-7.6%2003 2004 2005 2006 2007 2008 2009 2010 2011 2012Franklin Quotential Growth Portfolio (underlying fund)For illustration purposes. This chart shows how the underlying fund performed in eachof the past 10 years. In the last 10 years, the performance was up in value 7 yearsand down in value 3 years. The segregated fund MER is higher than the underlyingmutual fund MER. Actual segregated fund performance is expected to be lower thanthe underlying fund performance.HOW RISKY IS IT?The value of your investments can go down. Please see the Risks of Investing inSegregated Funds Section of the Information Folder for the risks of this fund.Low toModerateVery low Low moderate Moderate to high High125

Transamerica Quotential Growth GIF – imaxxGIFimaxxGIFARE 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 godown. 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 tomoderate changes in value during the term.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 chargesSales charge option What you pay How it worksInitial 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 asa commission.Deferred Sales Charge(as percentage of the originalpurchase price of DSC Units)When the units are withdrawn during: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 amountyou sell.• When you buy the fund, we pay a commission of up to 5%. Any deferredsales charge you pay will be paid to us.• You can sell up to 10% of your units each year without paying a deferredsales charge.• No deferred sales charge is charged for transfers between funds offeredin this contract.2. Ongoing fund expensesThe MER includes the management fee, operating expenses and the applicable taxes of the fund. You do not pay for these expenses directly. They affect youbecause they reduce the return you get on your investment. For details about how the guarantees work, see your insurance contract.Guarantee(Maturity/Death)Estimated MER (Annual rate as a %of the fund’s value)75/75 2.94%75/100 3.17%126

Transamerica Quotential Growth GIF – imaxxGIFimaxxGIF3. Other feesYou may have to pay other fees when you sell or transfer units of the fund.FeeDSC Upon DeathTransfer FeeWhat you payThe applicable DSC charge of 6%, if the annuitant dies within 12 months of the contract effective date.Up to 1% of the amount transferred for the 5th and subsequent transfers in the same calendar year.Trailing commissionWe 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 paidout 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 yearWHAT 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 transfers 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 marketvalue, 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 forthe cancelled transaction. If you cancel a transfer, the amount will be returned to the original fund.FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the contract and the Information Folder. You may contact us at:Transamerica Life Canada500 – 5000 Yonge StreetToronto, ON M2N 7J8Toll free number: 1-800-797-2643Email: ipservices@transamerica.cawww.transamerica.caAny 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.Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks.127

Appendix A – Investment Objectives and Investment Policies of the FundsThe following provides the investment objective and investment policies for the funds available within the imaxxGIF Contract.imaxx Guaranteed Investment Fund Investment Objective Investment Policies of the imaxxGIF or GIPMoney Market & Fixed IncomeTransamerica CanadianMoney Market GIF – imaxxGIFTransamerica CanadianBond GIF – imaxxGIFTransamerica TD IncomeAdvantage GIF – imaxxGIFThe objective of this fundis to make available thecapital protection and highliquidityof the short- termmoney market in Canadaand to earn the highestreturns available withminimum exposure to risk.The objective of this fund isto achieve long-term stablegrowth through interestincome and capital growthby investing primarily inCanadian bonds of varyingmaturities and in short-termsecurities.The objective of this fund isto emphasize income withsome potential for capitalappreciation by investingin units of the TD IncomeAdvantage Portfolio or asimilar fund.The investment policy of this fund is to invest in high-quality, low-risksecurities, with maturity dates of less than one year, in order to takeadvantage of the rates of return available in the market. This fundmay invest in Canadian short-term securities issued by the federal andprovincial governments, minimum A1 and R1-rated financial institutionsand other corporate issuers. All the securities are of investment gradequality. The dollar-weighted average term-to-maturity of the securitiesheld by this fund will not exceed 180 days. This fund does not currentlyuse derivatives but may do so as described under Derivatives and theirPermissible use. The fund is currently invested to obtain a minimum andmaximum asset mix of 100% in domestic cash & t-bills.The investment policy of this fund is to invest primarily in Canadian bondsof varying maturities and in short-term securities. It is intended that theduration of the fund’s portfolio be maintained within a range of plus orminus two years of the duration for the DEX Bond or any index which mayreplace the DEX Bond Index. The fund is only invested in securities:(i) issued by Canadian companies and/or non-Canadian domiciledcompanies that issue debt in Canada, in Canadian dollars, andtraded on Canadian over-the-counter markets; and(ii) issued by U.S. companies or supranationals up to 30% of the fund’sportfolio.The investments are in high-quality marketable securities, consistingof government bonds, asset-backed securities and corporate bonds.The portfolio will have an average investment grade credit rating. Themaximum exposure to a single issuer will be 10% of the market value ofthe fund's assets at the time of purchase with the exception of federaland provincial governments and their agencies. No one industry sectorwill exceed 25% of the market value of the fund's assets at the time ofpurchase. This fund does not currently use derivatives but may do so asdescribed under Derivatives and their Permissible use.The investment policy of this fund is to invest all of its net assets in thecurrent underlying fund and/or other investments as deemed appropriateby us. The investment objective of the underlying fund is to emphasizeincome with some potential for capital appreciation through exposure toCanadian fixed income and income-generating investments. TD IncomeAdvantage Portfolio invests primarily in units of TD mutual funds andmay include other mutual funds managed by parties other than TDAM(or affiliates or associates), from time to time, emphasizing mutualfunds with income generating potential. The investment objective ofthe underlying mutual fund may not be changed unless approved by theunitholders of the underlying mutual fund. Upon such approval, fundcontract holders will be provided notice of such change.128

Appendix A – Investment Objectives and Investment Policies of the Funds continuedimaxx Guaranteed Investment Fund Investment Objective Investment Policies of the imaxxGIF or GIPMoney Market & Fixed Income – continuedTransamerica CanadianShort-Term Bond GIF – imaxxGIFCanadian BalancedTransamerica CanadianBalanced GIF – imaxxGIFTransamerica CanadianFixed Pay GIF – imaxxGIFThe objective of this fundis to preserve capital andliquidity while generating ahigh level of income. The fundwill be invested in moneymarket and shortterm fixedincome securities issued bygovernments, supranationalagencies and corporations.The objective of this fund isto achieve long-term stablegrowth and to maintain areasonable degree of portfoliodiversification to reduce riskby investing in fixed incomeand equity securities.The objective of this fund is toprovide capital appreciation byinvesting in units of the imaxxCanadian Fixed Pay Fund or asimilar fund.This fund may be invested in Canadian bonds, term deposits,guaranteed investment certificates and other Canadian short-termfixed income securities issued by the following: corporations, federal,provincial, and municipal governments, supranational agencies, assetbackedsecurity trusts, collateralized mortgage-backed security trustsand mortgage-backed security trusts. In regards to the short-termsecurities issued by corporations, the fund is only invested in securities:(i) ssued by Canadian companies and/or non-Canadian domiciledcompanies that issue debt in Canada, in Canadian dollars, andtraded on Canadian over-the-counter markets; and(ii) issued by U.S. companies or supranationals up to 15% of thefund’s portfolio.All the securities will be investment grade quality or better at the timeof purchase. The maximum exposure to a single issuer will be 10% ofthe market value of the fund assets at the time of purchase with theexception of federal and provincial governments and their agencies.The investment policy of this fund is to invest primarily in Canadiansecurities, but foreign securities may also be included. The fund aims toachieve its investment objective thought prudent security selection. Thefund is specifically designed to relieve policyholders of the asset mixdecision for their portfolios. Investments acquired in respect of this fundare primarily denominated in Canadian dollars but other currencies arealso represented. The preferred and common shares are listed on theToronto Stock Exchange or any other major stock exchange or over-thecountermarket. Securities include fixed income securities (includingboth corporate and government bonds with an average investmentgrade credit rating), equities (including common and preferred shares,rights and warrants), derivatives (on a non-leveraged basis), certificatesof deposit, cash and short term securities. The component mix willbe regularly adjusted to reflect the potential returns in both the fixedincome and equity markets. The maximum exposure to a single issuerwill be 10% of the market value of the fund's assets at the time ofpurchase with the exception of federal and provincial governments andtheir agencies. The equity portfolio will always hold less than 10% ofthe voting securities of an issuer. Portfolio diversification will seek toavoid any undue concentration in one industry. The fund is currentlyinvested to obtain the following asset range minimum of 20% andmaximum of 80%, for both equities and fixed income securities.The investment policy of this fund is to invest all of its net assetsprimarily in the current underlying fund and/or other investments asdeemed appropriate by us. The investment objective of the underlyingfund is to provide a consistent stream of monthly income and somecapital appreciation by investing in a portfolio of Canadian fixedincome, investment trust units and equity investments. The underlyingfund’s fundamental investment objectives may not be changed withoutprior approval of the majority of its investors who vote at a meetingcalled for that purpose, except when the change is required because ofchanges in law.129

Appendix A – Investment Objectives and Investment Policies of the Funds continuedimaxx Guaranteed Investment Fund Investment Objective Investment Policies of the imaxxGIF or GIPCanadian Balanced – continuedTransamerica Fidelity CanadianBalanced GIF – imaxxGIFTransamerica Fidelity Canadian AssetAllocation GIF – imaxxGIFTransamerica TD DividendBalanced GIP – imaxxGIFTransamerica TD DividendIncome GIF – imaxxGIFCanadian EquityTransamerica Canadian Equity GIF –imaxxGIFThe objective of this fund is toprovide a high total investmentreturn by investing in units ofthe Fidelity Canadian BalancedFund or a similar fund.The objective of this fundis to provide a high totalinvestment return by investingin units of the FidelityCanadian Asset AllocationFund or a similar fund.The objective of this portfoliois to provide long-term stablegrowth and some interestincome by investing in unitsof underlying TD mutual fundsand/or other investments asdeemed appropriate by us.The objective of this fund is toprovide a high level of after-taxreturn and capital appreciationby investing in units of the TDDividend Income Fund or asimilar fund.The objective of this fund isto achieve superior long-termtotal returns, at moderaterisk, through a combinationof capital gains and dividendincome by investing inCanadian equity securities.The investment policy of this fund is to invest all of its net assetsin the current underlying fund and/or other investments as deemedappropriate by us. The investment objective of the underlying fund isto achieve high total investment return. It invests primarily in a mixof Canadian equity securities, investment grade bonds, high yieldsecurities and money market instruments.The investment policy of this fund is to invest all of its net assetsin the current underlying fund and/or other investments as deemedappropriate by us. The investment objective of the underlying fund is toachieve high total investment return. The underlying fund uses an assetallocation approach. It invests primarily in a mix of Canadian equitysecurities, fixed-income securities and money market instruments.The investment policy of this portfolio is to invest all of its net assetsin units of underlying TD mutual funds and/or other investments asdeemed appropriate by us. The underlying mutual funds will primarilyinvest in high-quality, high-yielding equities of Canadian companiesand fixed-income securities. The fixed income securities may includenon-Canadian and non-investment grade debt instruments. Theportfolio’s asset mix will generally be between 35% to 55% inequities and 45% to 65% in fixed income. We may change thesetargeted mixes and underlying funds at any time to better achievethe investment objective of each GIP. You will not be notified whenthe GIPs are rebalanced or when an underlying fund and/or itstargeted weight is changed. If the change meets the definition of aFundamental Change, the Fundamental Change Rule in section 21 ofthe Annuity Policy will apply.The investment policy of this fund is to invest all of its net assets in thecurrent underlying fund and/or other investments as deemed appropriateby us. The investment objective of the underlying fund is to achieve ahigh level of after-tax return based on the favourable tax treatment ofdividend income and the opportunity for capital appreciation, by investingprimarily in common and preferred shares of Canadian companies, aswell 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), althoughderivatives (on a non-leveraged basis) may, and cash and short termsecurities will, also be included. The fund will primarily invest inthe equities of large Canadian companies and where consideredappropriate, some medium sized companies. The fund’s portfolio isbroadly diversified. The maximum exposure to a single issuer willbe 10% of the market value of the fund at the time of the purchase.Portfolio diversification will seek to avoid any undue concentration inany one industry or company. The equity portfolio will always hold lessthan 10% of the voting securities of an issuer. The investments areprimarily Canadian, but foreign securities may also be included. Thesecurities are of companies listed on the Toronto Stock Exchange or anyother nationally recognized stock exchange or over-the-counter market.130

Appendix A – Investment Objectives and Investment Policies of the Funds continuedimaxx Guaranteed Investment Fund Investment Objective Investment Policies of the imaxxGIF or GIPAsset Allocation PortfoliosTransamerica CI Conservative GIP– imaxxGIFTransamerica CI CanadianBalanced GIP – imaxxGIFTransamerica CI Balanced GIP– imaxxGIFTransamerica CI Growth GIP– imaxxGIFThe objective of this portfoliois to earn a reasonable level ofincome, while also providingthe opportunity for moderatelong-term capital appreciationthrough investment in adiversified portfolio of incomeand equity based underlyingmutual funds and/or otherinvestments as deemedappropriate by us.The objective of this portfoliois to earn a reasonable level ofincome, while also providingthe opportunity for moderatelong-term capital appreciationthrough investment in adiversified portfolio of incomeand equity based underlyingmutual funds and/or otherinvestments as deemedappropriate by us.The objective of this portfolio isto provide a reasonable balancebetween growth and incomeorientedinvestments, witha slight bias towards growthfunds through investment in adiversified portfolio of incomeand equity based underlyingmutual funds and/or otherinvestments as deemedappropriate by us.The objective of this portfoliois to provide long-termcapital appreciation, throughinvestment in a diversifiedportfolio of primarily growthorientedfunds, but incomeorientedfunds are of someimportance by investing in unitsof underlying mutual funds and/or other investments as deemedappropriate by us.The investment policy of this portfolio is to invest all of its netassets in units of underlying mutual funds and/or other investmentsas deemed appropriate by us. The target asset allocation of theportfolio is currently 60% income and 40% equity. We may changethese targeted mixes and underlying funds at any time to betterachieve the investment objective of each GIP. You will not be notifiedwhen the GIPs are rebalanced or when an underlying fund and/or itstargeted weight is changed. If the change meets the definition of aFundamental Change, the Fundamental Change described insection 21 of the Annuity Policy will apply.The investment policy of this portfolio is to invest all of its netassets in units of underlying mutual funds and/or other investmentsas deemed appropriate by us. The target asset allocation of theportfolio is currently 50% income and 50% equity. We may changethese targeted mixes and underlying funds at any time to betterachieve the investment objective of each GIP. You will not be notifiedwhen the GIPs are rebalanced or when an underlying fund and/or itstargeted weight is changed. If the change meets the definition of aFundamental Change, the Fundamental Change described in section 21of the Annuity Policy will apply.The investment policy of this portfolio is to invest all of its netassets in units of underlying mutual funds and/or other investmentsas deemed appropriate by us. The target asset allocation of theportfolio is currently 40% income and 60% equity. We may changethese targeted mixes and underlying funds at any time to betterachieve the investment objective of each GIP. You will not be notifiedwhen the GIPs are rebalanced or when an underlying fund and/or itstargeted weight is changed. If the change meets the definition of aFundamental Change, the Fundamental Change described in section 21of the Annuity Policy will apply.The investment policy of this portfolio is to invest all of its net assetsin units of underlying mutual funds and other investments as deemedappropriate by the manager. The target asset allocation of theportfolio is currently 25% income and 75% equity. We may changethese targeted mixes and underlying funds at any time to betterachieve the investment objective of each GIP. You will not be notifiedwhen the GIPs are rebalanced or when an underlying fund and/or itstargeted weight is changed. If the change meets the definition of aFundamental Change, the Fundamental Change described in section 21of the Annuity Policy will apply.131

Appendix A – Investment Objectives and Investment Policies of the Funds continuedimaxx Guaranteed Investment Fund Investment Objective Investment Policies of the imaxxGIF or GIPAsset Allocation Portfolios – continuedTransamerica CI MaximumGrowth GIP – imaxxGIFTransamerica QuotentialBalanced Income GIF – imaxxGIFTransamerica Quotential BalancedGrowth GIF – imaxxGIFTransamerica QuotentialGrowth GIF – imaxxGIFThe objective of this portfoliois to provide long-termcapital appreciation, throughinvestment in a diversifiedportfolio of primarily growthoriented underlying mutualfunds and/or other investmentsas deemed appropriate by us.The objective of this fund is toprovide a balance of currentincome and longterm capitalappreciation by investingin units of the QuotentialBalanced Income Portfolio or asimilar fund.The objective of this fund is toprovide a balance of currentincome and longterm capitalappreciation by investingin units of the QuotentialBalanced Growth Portfolio or asimilar fund.The objective of this fund isto provide long-term capitalappreciation by investing inunits of the Quotential GrowthPortfolio or a similar fund.The investment policy of this portfolio is to invest all of its net assetsin units of underlying mutual funds and/or other investments asdeemed appropriate by us. The target asset allocation of the portfoliois currently 100% equity. We may change these targeted mixes andunderlying funds at any time to better achieve the investment objectiveof each GIP. You will not be notified when the GIPs are rebalanced orwhen an underlying fund and/or its targeted weight is changed. If thechange meets the definition of a Fundamental Change, the FundamentalChange described in section 21 of the Annuity Policy will apply.The investment policy of this fund is to invest all of its net assetsin the current underlying fund and/or other investments as deemedappropriate by us. The investment objective of the underlying fund is toprovide a balance of current income and long-term capital appreciationby 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 assetsin the current underlying fund and/or other investments as deemedappropriate by us. The investment objective of the underlying fund is toprovide a balance of current income and long-term capital appreciationby 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 assetsin the current underlying fund and/or other investments as deemedappropriate by us. The investment objective of the underlying fund isto provide long-term capital appreciation by investing primarily in adiversified mix of equity mutual funds with additional stability derivedfrom investing in income mutual funds.132

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Appendix B – Underlying Funds and Fund Company InformationThe underlying funds of the Transamerica Guaranteed Investment Portfolios(GIPs) have been selected to meet the income and equity mandates of eachTransamerica GIP. In selecting the underlying funds for each TransamericaGIP, consideration was given to consistency of performance, volatility of theunderlying fund, the underlying fund manager’s investment style, strength,history, and risk adjusted performance. Each underlying fund is grouped byits management company. Copies of the simplified prospectus and/or auditedfinancial statements for the underlying funds may be obtained from each mutualfund company by contacting them directly at their respective address providedbelow. The investment objective of the underlying mutual fund may not bechanged unless approved by the unit holders of the underlying mutual fund. Uponsuch approval, you will be provided notice of such change.CI Investments Inc.Transamerica CI Conservative PortfolioInvestment ObjectiveThe objective of this portfolio is to earn a reasonable level of income, while also providing the opportunity for moderate longtermcapital appreciation through investment in a diversified portfolio of income and equity based underlying mutual funds and/or other investments as deemed appropriate by us.Investment StrategiesManager/AdvisorThe portfolio advisor uses strategic asset allocation as the principal investment strategy to create a portfolio diversified byinvestment 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 underlyingfund’s investment objective and strategies, past performance and historical volatility in the context of a diversified holding ofunderlying 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 underlyingfunds at any time to better achieve the investment objective of each portfolio.CI Investments Inc.Inception Date September 2012Transamerica CI Balanced PortfolioInvestment ObjectiveThe objective of this portfolio is to provide a reasonable balance between growth and income-oriented investments, with aslight bias towards growth funds through investment in a diversified portfolio of income and equity based underlying mutualfunds and/or other investments as deemed appropriate by us.Investment StrategiesManager/AdvisorThe portfolio advisor uses strategic asset allocation as the principal investment strategy to create a portfolio diversified byinvestment 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 underlyingfund’s investment objective and strategies, past performance and historical volatility in the context of a diversified holding ofunderlying 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 underlyingfunds at any time to better achieve the investment objective of each portfolio.CI Investments Inc.Inception Date September 2012134

Appendix B – Underlying Funds and Fund Company Information continuedTransamerica CI Canadian Balanced PortfolioInvestment ObjectiveInvestment StrategiesManager/AdvisorThe objective of this portfolio is to earn a reasonable level of income, while also providing the opportunity for moderate longtermcapital 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 byinvestment 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 underlyingfund’s investment objective and strategies, past performance and historical volatility in the context of a diversified holding ofunderlying 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 underlyingfunds at any time to better achieve the investment objective of each portfolio.CI Investments Inc.Inception Date September 2012Transamerica CI Growth PortfolioInvestment ObjectiveThe objective of this portfolio is to provide long term capital appreciation, through investment in a diversified portfolio of equityfunds, but income oriented funds are of some importance by investing in units of underlying mutual funds and/or other invests asdeemed appropriate by us.Investment StrategiesManager/AdvisorThe portfolio advisor uses strategic asset allocation as the principal investment strategy to create a portfolio diversified byinvestment 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 underlyingfund’s investment objective and strategies, past performance and historical volatility in the context of a diversified holding ofunderlying 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 underlyingfunds at any time to better achieve the investment objective of each portfolio.CI Investments Inc.Inception Date September 2012Transamerica CI Maximum Growth PortfolioInvestment ObjectiveThe objective of this portfolio is to provide long-term capital appreciation, through investment in a diversified portfolio ofunderlying equity mutual funds and/or other investments as deemed appropriate by us.Investment StrategiesManager/AdvisorThe portfolio advisor uses strategic asset allocation as the principal investment strategy to create a portfolio diversified byinvestment style, asset class and geographic region. This generally includes Canadian equity, U.S. equity and internationalequity securities, as well as high yield corporate bonds.In determining the portfolio’s target asset allocations, the portfolio adviser considers, among other factors, each underlyingfund’s investment objective and strategies, past performance and historical volatility in the context of a diversified holding ofunderlying 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 anytime to better achieve the investment objective of each portfolio.CI Investments Inc.Inception Date September 2012135

Appendix B – Underlying Funds and Fund Company Information continuedTD Asset ManagementTD Canadian Core Plus Bond FundInvestment ObjectiveInvestment StrategiesManager/AdvisorThe fundamental investment objective is to seek to earn a high rate of interest income by investing primarily inCanadian dollar-dominated, investment-grade debt instruments. The Fund may, from time to time, also seek addedvalue 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 bondsdenominated 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 Fundmay invest in any one or combination of: global investment- and noninvestment-grade bonds, emerging marketdebt, and any other debt obligations. The portfolio adviser believes a strategy using rigorous bottom-up securityselection in regard to the macro environment will add value and enhance long-term performance.TD Asset Management Inc.Inception Date September 2007TD Dividend Growth FundInvestment ObjectiveThe fundamental investment objective is to provide a high level of after-tax income and steady growth by investing primarily inhigh-quality, high-yield equity securities and other income- producing instruments of Canadian issuers.Investment StrategiesManager/AdvisorThe portfolio adviser seeks to achieve the fundamental investment objective of the Fund by purchasing predominantly largecapitalizationcommon 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 willalso include large-capitalization special situations. Investments in income trusts and other trust securities, bonds, preferredshares and exchange-traded funds may also be held by the Fund. The Fund may invest in foreign securities to an extent thatwill vary from time to time but is not typically expected to exceed 30% of the net assets of the Fund at the time that foreignsecurities are purchased.TD Asset Management Inc.Inception Date September 1987136

Underlying Fund Company InformationAll 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 fundcompany at the address or phone number listed below.Investment Management Firm Address and Phone Number(s) Relationship to TransamericaAEGON Capital Management Inc.5000 Yonge StreetToronto, Ontario M2N 7J81-800-983-6439Is a related company to TransamericaAEGON Fund Management Inc.CI Investments Inc.Fidelity Investments Canada ULCFranklin Templeton InvestmentsTD Asset Management Inc.500 – 5000 Yonge StreetToronto, Ontario M2N 7J81-866-imaxx-go (462- 9946)CI Place2 Queen Street East, 20th FloorToronto, Ontario M5C 3G71-800-268-9374483 Bay Street, Suite 200Toronto, Ontario M5G 2N71-800-263-40775000 Yonge St, Suite 900Toronto, Ontario M2N 0A71-800-387-0830 English1-800-897-7281 FrenchP.O. Box 100TD Tower, Toronto-Dominion CentreToronto, Ontario M5K 1G81-866-222-3456 English1-800-895-4463 French1-800-387-2828 AsianIs a related company to TransamericaNot related in any way to TransamericaNot related in any way to TransamericaNot related in any way to TransamericaNot related in any way to Transamerica137

Appendix C – Principal Risks of the FundsThe following table lists the principal risks which may be applicable to the underlying investments of the funds. Please refer to “The Risks ofInvesting in Segregated Funds” section of the Information Folder for descriptions of these principal risks.RisksTransamericaCanadian MoneyMarket GIF –imaxxGIFTransamericaCanadian BondGIF – imaxxGIFimaxxGIF Segregated Fund NameTransamerica TDIncome AdvantageGIF – imaxxGIFTransamericaCanadianShort-Term BondGIF – imaxxGIFTransamericaCanadianBalanced GIF –imaxxGIFCash Risk * * * * *Capital Depreciation *CommodityConcentrationCredit * * * * *Depository ReceiptDerivative * * * * *Emerging MarketEquity * *ETF *Foreign Currency * *Foreign Investment * * * *Income Trust & Limited Partnership * *Interest Rate * * * * *Large Investor * * * * *Liquidity * * * *Low Rate or Unrated Security * * *Mortgage-Backed & Asset Backed * * * *Multi-Class or Series * * * * *Municipal Obligation * * *Passive ManagementRepurchase & Reverse Repurchase Agreements * * * *Securities Lending * * * *Small FundSmall CompanySpecialization *Short SellingTax Change * * * * *Tracking *Underlying Fund *138

Appendix C – Principal Risks of the Funds continuedRisksTransamericaCanadian Fixed PayGIF – imaxxGIFTransamericaFidelity CanadianBalanced GIF –imaxxGIFimaxxGIF Segregated Fund NameTransamericaFidelity CanadianAsset AllocationGIF – imaxxGIFTransamericaTD DividendBalanced GIP –imaxxGIFTransamericaTD DividendIncome GIF –imaxxGIFCash Risk * * * * *Capital Depreciation * * *Commodity * * *Concentration * * * *Credit * * * * *Depository Receipt *Derivative * * * * *Emerging Market *Equity * * * * *ETF *Foreign Currency * * * * *Foreign Investment * * * * *Income Trust & Limited Partnership * * * * *Interest Rate * * * * *Large Investor * * * * *Liquidity * * * *Low Rate or Unrated Security * * * *Mortgage-Backed & Asset Backed * * * *Multi-Class or Series * * * * *Municipal Obligation *Passive Management *Repurchase & Reverse Repurchase Agreements * * * *Securities Lending * * * *Small FundSmall Company * *Specialization * * *Short SellingTax Change * * * * *Tracking * * * *Underlying Fund * * * *139

Appendix C – Principal Risks of the Funds continuedRisksTransamericaCanadian Equity GIF –imaxxGIFimaxxGIF Segregated Fund NameTransamerica CIConservative GIP –imaxxGIFTransamerica CICanadian BalancedGIP – imaxxGIFTransamerica CIBalanced GIP –imaxxGIFCash Risk * * * *Capital Depreciation * * *Commodity *Concentration *Credit * * * *Depository Receipt * * *Derivative * * * *Emerging Market * * *Equity * * * *ETF *Foreign Currency * * *Foreign Investment * * * *Income Trust & Limited Partnership * * * *Interest Rate * * * *Large Investor * * * *Liquidity *Low Rate or Unrated Security * * *Mortgage-Backed & Asset Backed * * * *Multi-Class or Series * * * *Municipal Obligation * * *Passive ManagementRepurchase & Reverse Repurchase Agreements * * * *Securities Lending * * * *Small FundSmall Company * * * *Specialization * *Short Selling * * *Tax Change * * * *Tracking * * *Underlying Fund * * *140

Appendix C – Principal Risks of the Funds continuedRisksTransamericaCI Growth GIP –imaxxGIFTransamericaCI MaximumGrowth GIP –imaxxGIFimaxxGIF Segregated Fund NameTransamericaQuotentialBalanced IncomeGIF – imaxxGIFTransamericaQuotential BalancedGrowth GIF –imaxxGIFTransamericaQuotentialGrowth GIF –imaxxGIFCash Risk * * * * *Capital Depreciation * *Commodity * *ConcentrationCredit * * * * *Depository Receipt * *Derivative * * * * *Emerging Market * * * * *Equity * * * * *ETF * * *Foreign Currency * * * * *Foreign Investment * * * * *Income Trust & Limited Partnership * * * * *Interest Rate * * * * *Large Investor * * * * *Liquidity * * *Low Rate or Unrated Security * * * * *Mortgage-Backed & Asset Backed * * * * *Multi-Class or Series * * * * *Municipal Obligation * *Passive Management * * *Repurchase & Reverse Repurchase Agreements * * * * *Securities Lending * * * * *Small FundSmall Company * * * * *SpecializationShort Selling * *Tax Change * * * * *Tracking * * * * *Underlying Fund * * * * *141

Appendix D – imaxx Guaranteed Investment Fund FeesFund FeesThe following table lists the Guarantee Option, Fund Codes, Annual Fund Management Fee* and the Management Expense Ratio**imaxxGIF Segregated Fund NameMoney Market & Fixed IncomeTransamerica Canadian Money Market GIF – imaxxGIFTransamerica Canadian Bond GIF – imaxxGIFTransamerica TD Income Advantage GIF – imaxxGIFTransamerica Canadian Short-Term Bond GIF – imaxxGIFCanadian BalancedTransamerica Canadian Balanced GIF – imaxxGIFTransamerica Canadian Fixed Pay GIF – imaxxGIFTransamerica Fidelity Canadian Balanced GIF – imaxxGIFTransamerica Fidelity Canadian Asset Allocation GIF– imaxxGIFTransamerica TD Dividend Balanced GIP – imaxxGIFTransamerica TD Dividend Income GIF – imaxxGIFGuaranteeOptionFund CodesDSCISCAnnual FundManagement Fee*Fee does not includeapplicable taxesManagementExpense Ratio(MER)**75/75 TLC450 TLC451 0.97% 1.00%75/100 TLC850 TLC851 0.97% 0.99%100/100 TLC250 TLC251 0.97% 1.00%75/75 TLC452 TLC453 1.73% 2.31%75/100 TLC852 TLC853 1.78% 2.33%100/100 TLC254 TLC255 1.86% 2.52%75/75 TLC436 TLC437 2.50% 3.22%75/100 TLC844 TLC845 2.55% 3.30%75/75 TLC430 TLC431 1.55% 2.17% – estimated75/100 TLC838 TLC839 1.60% 2.22% – estimated100/100 TLC252 TLC253 1.68% 2.31% – estimated75/75 TLC460 TLC461 1.94% 2.57%75/100 TLC860 TLC861 2.19% 2.79%100/100 TLC260 TLC261 2.90% 3.58%75/75 TLC454 TLC455 2.35% 2.95%75/100 TLC854 TLC855 2.54% 3.15%75/75 TLC432 TLC433 2.11% 2.78% – estimated75/100 TLC840 TLC841 2.31% 3.01% – estimated75/75 TLC458 TLC459 2.19% 2.81%75/100 TLC858 TLC859 2.39% 2.98%75/75 TLC434 TLC435 2.60% 3.34% – estimated75/100 TLC842 TLC843 2.66% 3.40% – estimated75/75 TLC476 TLC477 2.10% 2.69%75/100 TLC876 TLC877 2.31% 2.89%142

Appendix D – imaxx Guaranteed Investment Fund Fees continuedimaxxGIF Segregated Fund NameCanadian EquityTransamerica Canadian Equity GIF – imaxxGIFAsset Allocation PortfoliosTransamerica CI Conservative GIP – imaxxGIFTransamerica CI Canadian Balanced GIP – imaxxGIFTransamerica CI Balanced GIP – imaxxGIFTransamerica CI Growth GIP – imaxxGIFTransamerica CI Maximum Growth GIP – imaxxGIFTransamerica Quotential Balanced Income GIF – imaxxGIFTransamerica Quotential Balanced Growth GIF – imaxxGIFTransamerica Quotential Growth GIF – imaxxGIFGuaranteeOptionFund CodesDSCISCAnnual FundManagement Fee*Fee does not includeapplicable taxesManagementExpense Ratio(MER)**75/75 TLC478 TLC479 2.20% 2.79%75/100 TLC878 TLC879 2.44% 3.06%75/75 TLC462 TLC463 2.44% 3.10%75/100 TLC862 TLC863 2.49% 3.05%100/100 TLC262 TLC263 2.63% 3.24%75/75 TLC494 TLC495 2.59% 3.16%75/100 TLC894 TLC895 2.69% 3.26%100/100 TLC294 TLC295 2.97% 3.56%75/75 TLC466 TLC467 2.49% 3.10%75/100 TLC866 TLC867 2.54% 3.12%100/100 TLC266 TLC267 2.69% 3.29%75/75 TLC470 TLC471 2.54% 3.16%75/100 TLC870 TLC871 2.60% 3.18%100/100 TLC270 TLC271 3.04% 3.65%75/75 TLC474 TLC475 2.65% 3.25%75/100 TLC874 TLC875 2.84% 3.47%75/75 TLC440 TLC441 2.13% 2.80% – estimated75/100 TLC848 TLC849 2.33% 3.03% – estimated100/100 TLC258 TLC259 2.69% 3.44% – estimated75/75 TLC438 TLC439 2.21% 2.90% – estimated75/100 TLC846 TLC847 2.42% 3.13% – estimated100/100 TLC256 TLC257 2.80% 3.63%75/75 TLC442 TLC443 2.25% 2.94% – estimated75/100 TLC896 TLC897 2.46% 3.17% – estimated*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 seepage 27, Fundamental Changes, of the Information Folder for more information.**Management expense ratios are based on the December 31, 2012 (if applicable, if not an estimated MER is provided) audited values are compromised of the current management feeand 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 whenthe 2013 annual financial statements are published.143

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500 – 5000 Yonge StreetToronto, Ontario M2N 7J8www.transamerica.caAny 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.TMTrademarks of AEGON Canada ULC and/or its affiliated companies.®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.IP882 01/14