imaxx™ Guaranteed Investment Funds - Transamerica Life Canada

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is the market value of the contract plus $2,000top-up benefit.Please consider that when the market value of the units withdrawn is lower than the original purchase price of the unitswithdrawn, the proportional reduction due to the withdrawal will reduce the guaranteed amount by more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