Notification of Rates for Registered Ideal Term Funds

Transcription

1 Notification of Rates for Registered Ideal Term Funds Redeemable Term Funds Last change ( ) : Sep 25, 2012 Determining the Applicable Rate Daily interest Terms less than 1 year Determining the Rate Bands : Up to $24, Combine the premium and the policyholder s total Term Fund book value $25,000 to $49, under all registered Ideal Term Fund policies (RRSP, LIRA and LRSP). $50,000 to $99, $100,000 to $249, Unpublished terms: Use the interest rate for the nearest shorter term. $250,000 to $499, Minimums: $5,000 for terms less than one year; and $1,000 for $500,000 to $999, other term funds. Terms greater than 1 year 1 year 2 years 3 years 4 years 5 years 6 years 7 years 8 years 9 years 10 years Up to $24, $25,000 to $49, $50,000 to $99, $100,000 to $249, $250,000 to $499, $500,000 to $999, UpScale RRSP Redeemable Term Funds Last change ( ) : Sep 25, 2012 Compount Interest Only Term 1st year 2nd year 3rd year 4th year 5th year 6th year 7th year 8th year 9th year 10th year Avg. Rate 3 yrs yrs yrs Rate Enhancements for UpScale Regional offices $25,000 to $99,999 Add 0% Eastern Region Central Region Western Region $100,000 to $249,999 Add 0% eastern@standardlife.ca central@standardlife.ca western@standardlife.ca $250,000 to $999,999 Add 0% $1,000,000 and over Contact Standard life

2 Notification of Rates for Non-Registered Ideal & TFSA Term Funds Redeemable Term Funds Last change ( ) : Sep 25, 2012 Determining the Applicable Rate Daily interest Terms less than 1 year Determining the Rate Bands : Up to $24, Combine the premium and the policyholder s total Term Fund book value $25,000 to $49, under all non-registered & TFSA policies. $50,000 to $99, Unpublished terms: Use the interest rate for the nearest shorter term. $100,000 to $249, If simple interest is paid semi-annually deduct 0.10%, for simple interest $250,000 to $499, paid quarterly deduct 0.15% and 0.25% for simple interest paid monthly $500,000 to $999, Minimums: $5,000 for terms less than one year or for monthly or quarterly simple interest payouts; and $1,000 for other term funds. Terms greater than 1 year 1 year 2 years 3 years 4 years 5 years 6 years 7 years 8 years 9 years 10 years Up to $24, $25,000 to $49, $50,000 to $99, $100,000 to $249, $250,000 to $499, $500,000 to $999, Regional Centres Eastern Region Central Region Western Region eastern@standardlife.ca central@standardlife.ca western@standardlife.ca

3 Notification of Rates for Retirement Income Plans Ideal Term Funds for Retirement Income Plans Daily interest Compound Interest Only Initial Minimum premium: $ 10,000 Last change ( ) : Sep 25, 2012 Minimum per fund: $5,000 for terms less than one year; $1,000 for other terms year 2 years 3 years 4 years 5 years 6 years 7 years 8 years 9 years 10 years Up to $49, $50,000 to $99, $100,000 to $249, $250,000 to $499, $500,000 to $999, years 12 years 13 years 14 years 15 years 16 years 17 years 18 years 19 years 20 years 21 years and more Up to $49, S $50,000 to $99, Contact $100,000 to $249, Standard Life $250,000 to $499, $500,000 to $999, Prepaid RRIF Last change ( ) : Sep 25, 2012 Minimum premium: $25,000 Minimum Age: 55 Rates See 15 to 30 year rates for Ideal Term Funds for retirement income plans. Annuity Table 35 Will apply for quotations with a Prepaid RRIF option Determining the Rates To determine the rate band, combine the premium amount and the policyholder's total Term Fund book value under all Ideal Term Fund policies for retirement income plans (RIF, LIF, Locked-in RIF and Prescribed RIF). For unpublished terms, use the interest rate for the nearest shorter term. Portfolio RRIF (Additional Premiums & Renewals) Minimum premium: For terms less than one year: $5,000, Other terms: $ Last change ( ) : Sep 25, 2012 Simple Interest Payable Annually or Monthly Daily Interest 1 month 3 months 6 months 1 year 2 years 3 years 4 years 5 years 6 years 7 years 8 years 9 years 10 years Determining the Rates For simple interest payable monthly (1 year or more), deduct 0.25%. For unpublished terms, use the interest rate for the nearest shorter term. Regional Centres Eastern Region Central Region Western Region eastern@standardlife.ca central@standardlife.ca western@standardlife.ca

4 Notification of Rates Effective September 25, 2012 Life Insurance Policies Last change ( ) : Sep 7, 2012 C A F Idealife Cash Advances (Life Insurance Policies). An annual interest rate of 4.000% applies to Idealife deposits (Life Insurance Policies) Idealife deposits. Effective rate : 4.000% The rate will be % less if the prime life's sum insured is less than An annual interest rate of 3.625%. Minimum deposit scheduled : $1 $50,000 or if the first year deposit is less than $600, regardless of the will be charged on cash advances unscheduled : $25 coverage. granted under policies with a variable. Sums insured (except children's enhanced benefits) for those indexed rate, except for Perspecta. See policies whose anniversary falls during the month of below for Perspecta. October will automatically increase by 1.300% Perspecta Term Investment Funds Daily Transit 1 year 3 years 5 years 10 years 15 years 20 years Cash Fund Account Compound Compound Compound Compound Compound Compound Advance Mar 15, 11 Mar 15, 11 May 31, 11 May 31, 11 May 31, 11 May 31, 11 May 31, 11 May 31, 11 Mar 15, Index-Linked Funds Our interest rates for our index-linked funds can be found on our internet site at :

5 Notification of Rates ######################## Annuity - Non Registered Table Table Annuity - Registered Table Table Structure Settlements Table Table