imaxxâ¢ Guaranteed Investment Funds - Transamerica Life Canada

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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
Page 1: Effective January 2014imaxx Guaran
Page 4: Transamerica Life Canada hereby cer
Page 7 and 8: Table of Contents continuedCanadian
Page 9 and 10: Transamerica Investment Portfolio t
Page 11 and 12: For information regarding how to co
Page 13 and 14: CommunicationsGeneral InformationIn
Page 15 and 16: If you designate a revocable benefi
Page 17 and 18: imaxx tm GIF Guarantee OptionsWhen
Page 19 and 20: Accordingly, on January 2, 2014 the
Page 21 and 22: Example:Owner/annuitant deposits $1
Page 23 and 24: imaxx tm Contract Maturity BenefitT
Page 25 and 26: imaxx tm Death BenefitAn imaxx deat
Page 27 and 28: Reset of Death Guaranteed AmountSub
Page 29 and 30: How to invest in imaxxGIFsHow we ca
Page 31 and 32: We have the right to:refuse any dep
Page 33 and 34: Processing a withdrawalWhen your wi
Page 35 and 36: The large total value contracts rul
Page 37 and 38: imaxx tm Guaranteed Investment Fund
Page 39 and 40: Capital Depreciation RiskSome under
Page 41 and 42: Returns on income trusts are neithe
Page 43 and 44: from the short sale are deposited w
Page 45 and 46: Other important informationClaims o
Page 47 and 48: Marketing StatementOrganization and
Page 49: TRANSAMERICA INVESTMENT PORTFOLIO T
Page 53 and 54: LRSP, RLSP). In this case, unless t
Page 55 and 56: 9.2. The “Aggregate Class Value
Page 57 and 58: Date, then the value of the Units c
Page 59 and 60: including but not limited to the 10
Page 61 and 62: 17.6. (a) Transamerica will deposit
Page 63 and 64: Residents of Quebec20.5. Transameri
Page 65 and 66: 29. Recovery of expenses and invest
Page 67 and 68: TRANSAMERICA INVESTMENT PORTFOLIO T
Page 69 and 70: TRANSAMERICA LIFE CANADADouglas W.
Page 71 and 72: TRANSAMERICA INVESTMENT PORTFOLIO T
Page 73 and 74: 6. Death BenefitThe death benefit p
Page 75 and 76: Fund Facts67
Page 77 and 78: 4HOW HAS THE FUND PERFORMED?The inf
Page 79 and 80: imaxxGIFTransamerica Canadian Money
Page 81 and 82: Transamerica Canadian Money Market
Page 83 and 84: Transamerica Canadian Bond GIF - im
Page 85 and 86: imaxxGIFTransamerica TD Income Adva
Page 87 and 88: Transamerica TD Income Advantage GI
Page 89 and 90: Transamerica Canadian Short-Term Bo
Page 91 and 92: imaxxGIFTransamerica Canadian Balan
Page 93 and 94: Transamerica Canadian Balanced GIF
Page 95 and 96: Transamerica Canadian Fixed Pay GIF
Page 97 and 98: imaxxGIFTransamerica Fidelity Canad
Page 99 and 100: Transamerica Fidelity Canadian Bala
Page 101 and 102:
Transamerica Fidelity Canadian Asse
Page 103 and 104:
imaxxGIFTransamerica TD Dividend Ba
Page 105 and 106:
Transamerica TD Dividend Balanced G
Page 107 and 108:
Transamerica TD Dividend Income GIF
Page 109 and 110:
imaxxGIFTransamerica Canadian Equit
Page 111 and 112:
Transamerica Canadian Equity GIF -
Page 113 and 114:
Transamerica CI Conservative GIP -
Page 115 and 116:
imaxxGIFTransamerica CI Canadian Ba
Page 117 and 118:
Transamerica CI Canadian Balanced G
Page 119 and 120:
Transamerica CI Balanced GIP - imax
Page 121 and 122:
imaxxGIFTransamerica CI Growth GIP
Page 123 and 124:
Transamerica CI Growth GIP - imaxxG
Page 125 and 126:
Transamerica CI Maximum Growth GIP
Page 127 and 128:
imaxxGIFTransamerica Quotential Bal
Page 129 and 130:
Transamerica Quotential Balanced In
Page 131 and 132:
Transamerica Quotential Balanced Gr
Page 133 and 134:
imaxxGIFTransamerica Quotential Gro
Page 135 and 136:
Transamerica Quotential Growth GIF
Page 137 and 138:
Appendix A - Investment Objectives
Page 139 and 140:
Appendix A - Investment Objectives
Page 141 and 142:
This page is left intentionally bla
Page 143 and 144:
Appendix B - Underlying Funds and F
Page 145 and 146:
Underlying Fund Company Information
Page 147 and 148:
Appendix C - Principal Risks of the
Page 149 and 150:
Appendix C - Principal Risks of the
Page 151 and 152:
Appendix D - imaxx Guaranteed Inves
Page 153 and 154:
NOTES
Page 156:
500 - 5000 Yonge StreetToronto, Ont
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imaxxâ¢ Guaranteed Investment Funds - Transamerica Life Canada