imaxx™ Guaranteed Investment Funds - Transamerica Life Canada

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