Class Plus 2 Information Folder and Contract Provisions - Empire Life

11.2 Segregated Funds OfferedWe currently offer Fund Class J under the contract. Wecurrently offer Fund Class J Units of the following SegregatedFunds under the contract.FundMoney MarketBondIncomeBalancedGlobal BalancedAsset AllocationElite BalancedDividend BalancedConservative PortfolioBalanced PortfolioModerate Growth PortfolioGrowth PortfolioThe Fund Facts, which form part of the Folder, describe the keyfeatures of the Segregated Funds available under this contract.Fund Facts are available on our web site at www.empire.ca oron request by contacting our Head Office.A complete copy of the current investment objectives, policies,restrictions and practices adopted by each Fund is available onrequest at any time by contacting our Head Office.11.3 Changes to Funds and Fund ClassesWe reserve the right, at any time, at our discretion, and withoutadvance notice to you, to:1) change the Funds available under your contract;2) discontinue offering any Fund or Fund Class;3) limit or restrict deposits to any Fund or Fund Class; and4) change any limit or restriction.We may also add new Funds and/or Fund Classes to yourcontract at any time. You may, by providing notice to us andin accordance with our rules, direct your deposits to the newFund(s) or Fund Class(es). All terms and conditions as providedfor under the terms of your contract will also apply to any newFund(s) or Fund Class(es).11.4 Deleting Funds and Fund ClassesWe reserve the right to delete Funds or Fund Classes. In theevent that a Fund or Fund Class is deleted you may, subjectto any regulatory requirements that apply, select one of thefollowing options:1) transfer the value of the Fund Class Units held in thedeleted Fund or Fund Class to acquire Fund Class Units inany other Fund or Fund Class offered under the contract atthat time as described in Section 4, Switches; or2) withdraw and transfer the value of the Fund Class Unitsheld in the deleted Fund or Fund Class to any other annuitycontract offered by us at that time; or3) withdraw the Fund Class Units held in the deleted Fund orFund Class as described in Section 5, Withdrawals.No fees or charges are applied for a transfer or withdrawal ofFund Class Units held in a Fund or Fund Class to be deleted.We will provide notice to you at least 60 days prior to thedeletion date of a Fund or Fund Class. The notice will be sentby regular mail to your address on our records. Switches ordeposits into the Fund or Fund Class being deleted may not bepermitted during the notice period. If you do not provide uswith written notification of the option you have selected at leastfive business days prior to the deletion date of a Fund or FundClass, we will automatically apply option 1) described aboveand transfer the value to one of the remaining Funds and FundClasses available under the contract. We will then select theFund and the Fund Class to which the value of the Fund ClassUnits held in the deleted Fund or Fund Class is tranferred.For the purpose of determining the value of the Fund ClassUnits to be transferred or withdrawn from a Fund or Fund Classthat is to be deleted and, if applicable, the acquisition of FundClass Units in another Fund or Fund Class under the terms ofthe contract, the effective date will be the first to occur of:1) within three business days of receipt of your notice to us ofthe option selected; and2) the deletion date of the Fund or Fund Class.11.5 Splitting of Fund Class UnitsWe may, at any time, elect to redetermine the number ofFund Class Units in a Fund. Any such redetermination will beaccompanied by a revaluation of Fund Class Units. The marketvalue of Fund Class Units at the credit of your contract in therespective Fund as at the date of the redetermination willremain the same before and after such redetermination.11.6 Merger of FundsWe may, at any time, elect to merge a Fund with another oneor more of our Funds. We will provide notice to you at least60 days prior to the merger and of the options available to youas a result of the merger.23