Help Clients protect their savings, take advantage of strong market performance, lock in lifetime guaranteed income and create the legacy they want to leave behind with Sun GIF Solutions.
Benefits of Sun GIF Solutions
One contract for many Clients needs
Sun GIF Solutions is one product for many Client needs. It combines three different guarantee series in one flexible contract.
Ease of mobility
As needs change, Clients have the flexibility to move between the Investment, Income, and Estate Series to benefit from different guarantee options.
Ease of doing business
Be more efficient with convenient sales processes and a one-contract solution.
Control over legacy settlement
Clients can choose to have the death benefit paid to beneficiaries as either a lump sum or a payout annuity.
Start the conversation
Ask Clients about their savings and retirement goals. Then explain how Sun GIF Solutions can meet their financial needs, now and in retirement. Play the Sun GIF Solutions video to show them it's a solution that's easy to understand, provides flexibility and guarantees. Then have a conversation guided by the following questions:
Talking points:
- How are you saving for a long-term goal or for retirement?
- Do you regularly contribute to your savings?
- Are you interested in investment options that provide lifetime guaranteed income with flexibility?
- What do you know about estate costs? Do you plan to leave a financial gift for your loved ones?
- Let me show you how setting aside a portion of your income through regular contributions for future events like education, life events, and of course, retirement, can really pay off.
- Financial decisions don't have to be overwhelming. With Sun GIF Solutions and my guidance along the way, you can invest with greater peace of mind.
| Investment Series | Income Series | Estate Series | |
|---|---|---|---|
| Target market age1 | Age 25 ‐ 90 | Age 55 ‐ 75 | Age 50 ‐ 80 |
| Target market description2 | Investors who are building their savings | Investors who are getting ready for or are in retirement | Investors who are getting ready for or are in retirement |
| Goals |
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| Investment fund options |
A broad range of funds See available funds |
One Strategic Fixed Income Fund is available See available funds |
A broad range of funds Approximately 15 funds for deposits between ages 81 and 90 See available funds |
| Maturity guarantee | 75% | 75% | 75% |
| Contract maturity date | Dec. 31, age 100 | Dec. 31, age 100 | Dec. 31, age 100 |
| Death benefit guarantee | 75% | 75% | 100% |
| Resets | ‐ | ‐ | There are automatic annual resets of death benefit guarantee, based on market performance until age 80 |
| Management expense ratio (MER) | See current MERs | See current MERs | See current MERs |
1 All ages are for the annuitant, as of December 31.
2 Sun GIF Solutions is a segregated fund contract that combines three different guarantee series in one flexible contract. As Clients' needs change, they'll have the freedom to transition between the Investment, Income, and Estate Series, all within the convenience of one contract.
3 Withdrawals affect the value of contract guarantees.
There are three series to meet changing Client needs:
- Value of insurance guarantees at a competitive price
- Variety of investment options at various risk levels
- Create customized portfolios
Benefits include:
- Guarantees at a competitive price
No matter what life stage, Clients have a valuable savings option with guarantees at a fair price. - 100% equity
Maximize potential growth by holding up to 100% in equity funds in a broad fund lineup, including various asset classes ranging from money market to specialty equity to meet many risk tolerances. - Diverse leading fund companies
Choice of a broad selection of funds, with access to investments from leading global portfolio managers. - Access to money
Clients have access to their money if needed.*
*Withdrawals affect the value of contract guarantees. - Private Client Pricing
Affluent Clients can choose from a wide range of investment options with competitive fees.
- Simple product with lifetime guaranteed income
- Can provide immediate income
- Conservative investment protected with insurance guarantees
Benefits include:
- Guaranteed income for life
Give Clients peace of mind with the certainty of guaranteed income for life. Lifetime income also increases for every year they defer their income start date. - Strategic Income Fund
This fund’s objective is the generation of lifetime guaranteed income, so its investment focus is on secure, investment-grade fixed income investments. Visit Sun GIF Solutions Strategic Income for more details. - Flexible income start date
Clients can decide when they want to start income, they don't need to make a decision in advance. - Leading edge illustration tool
Show Clients how different guarantee series in Sun GIF Solutions can address their retirement income needs by adding and customizing transactions.
- Clients can grow their estate value and are protected with insurance guarantees
Benefits include:
- 100% death benefit guarantee
The death benefit guarantee is 100% of deposits4 and is the greater of the death benefit guarantee or the current market value upon the death of the annuitant. - Annual death benefit resets
Estate value is automatically locked-in annually up to age 80 if the market value increases, so Clients’ money has nowhere to go but up4. - Diverse leading fund companies
Clients can hold up to 100% in equity funds and choose from a broad selection of funds, They can benefit from the investment expertise of leading global portfolio managers. - Control over legacy settlement
Clients' assets are distributed according to their wishes, with options to allocate money directly to a beneficiary through a lump sum or a payout annuity. For more information, review Simplifying family dynamics with the legacy settlement option. - Private Client Pricing
Affluent Clients can choose from a wide range of investment options with competitive fees.
4 Withdrawals affect the value of contract guarantees.
Recommending a solution to Clients
When you learn more about Clients' investing experience, risk tolerance and life stage, it's easier to show them where Sun GIF Solutions can fit into their savings and investment goals.
| Life stage need | Sun GIF Solutions Series |
|---|---|
|
Building for the future - Much of my income goes toward monthly expenses. It's hard to find time, but growing and protecting what I have is important to me. |
Investment Series - A savings option that lets you participate in the market knowing your investments can be protected with guarantees. |
|
Getting ready for retirement - I'm in my peak wage-earning years and I have more savings to put toward the things I enjoy most. I want to be sure that I'll have enough money to last through my retirement. |
Investment Series - A savings option that lets you participate in the market knowing your investments can be protected with guarantees. Income Series - Provides you with predictable, sustainable income in retirement - guaranteed for life. |
|
In retirement - I'm retired (or semi- retired) and I'm ready to start taking income. I'm concerned about having a guaranteed income that lasts as long as I do. |
Income Series - Provides you with predictable, sustainable income in retirement - guaranteed for life. |
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Legacy - I want to have peace of mind in knowing that my estate costs are covered and my loved ones and/or favourite charity will receive the gift I've left for them. |
Estate Series - Allows you to grow your estate and enjoy the protection of insurance benefits. |