Sun Wise Elite Plus – Rethinking Retirement Planning Welcome to this seminar on Sun Wise Elite Plus – a new way to think about retirement planning. Sun Wise Elite Plus is not just another investment. It marries the growth potential of mutual funds with the protective features of an insurance contract. And it comes with distinctive feature – the Guaranteed Minimum Withdrawal Benefit or GMWB, to help provide you with a predictable, sustainable, guaranteed income for life. Now you can have the security of knowing you won’t outlive your savings during retirement – without giving up the potential growth for your investments.
SunWise Elite Plus Presentation
Jonathan Clements Personal Finance Columnist for the Wall St. Journal “ Retirement is like a long vacation. The goal is to enjoy it to the fullest, but not so fully that you run out of money . ”
You insure all your major assets Your life Your home Your cars, boats, etc . But what about your retirement income?
Market risk How do I protect my retirement income from market volatility? How can I draw an income and grow my money at the same time? Longevity risk How can I be certain I won’t outlive my money? Inflation risk How do I maintain my standard of living over 30 years? Retirement Risks
Market Risk Volatile markets – will poor performance change your retirement plans?
Market Risk S&P 500 Index 1998-2008 Before and during retirement 1700 1500 1300 1100 900 700 500 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Can’t control market cycles The difference – good returns early in retirement
Retirement Income <ul><li>You will need 60% to 70% of your current earnings during retirement </li></ul><ul><li>Government benefits only cover 40% of the average wage </li></ul><ul><li>Less than 40% of Canadians have a company pension plan </li></ul>
Sources of Income <ul><li>Annuities , bonds and GICs – provide safety and a predictable income, but no growth </li></ul><ul><li>Equity investments – provide growth , but come with risks </li></ul><ul><li>You need to balance security with the growth of your investments </li></ul>
Guaranteed Retirement Income Sun Wise Elite Plus can help fill the gap
Benefits <ul><li>Sun Wise Elite Plus provides </li></ul><ul><li>predictable </li></ul><ul><li>sustainable </li></ul><ul><li>guaranteed income for life </li></ul><ul><ul><li>by eliminating market and longevity risks, </li></ul></ul><ul><ul><li>and mitigating inflation risk </li></ul></ul>
Income for Life Guaranteed income protection for retired investors Portfolio Value
Certainty before you retire Guaranteed income protection for pre-retirees Portfolio Value
Possibility of income growth Guaranteed income protection with automatic resets Portfolio Value
Flexiblity for changing plans Guaranteed income at any age
Guaranteed RRIF payments for life Guaranteed income protection provides RRIF for life
Under any market conditions Regardless of market performance
Choose from two options <ul><li>Sun Wise Elite Plus provides two options </li></ul><ul><li>to meet your needs </li></ul><ul><li>For those who need income after age 65 – income for life that is guaranteed never to decrease. </li></ul><ul><li>For those who need income before age 65 – a 5% annual return of principal for a minimum of 20 years </li></ul>
Benefits <ul><li>Sun Wise Elite Plus </li></ul><ul><li>Choose when to start receiving income, when to stop and restart </li></ul><ul><li>Guaranteed income for life from locked-in plans such as RSPs and RRIFs </li></ul><ul><li>Tax-efficient for non-registered accounts </li></ul><ul><li>Access to your savings at any time </li></ul>
Summary <ul><li>Retirement </li></ul><ul><li>Brings a new set of financial risks that need to be managed </li></ul><ul><li>Investments must provide both security and potential for growth to help lessen these risks </li></ul><ul><li>You need flexibility to meet your financial needs </li></ul>
<ul><li>Sun Wise Elite Plus </li></ul><ul><li>rethinks retirement planning </li></ul><ul><li>and helps brings financial certainty </li></ul><ul><li>to your retirement </li></ul><ul><li>with guaranteed income for life. </li></ul><ul><li>So you can enjoy the long vacation </li></ul><ul><li>to the fullest </li></ul>
All charts and illustrations in this guide are for illustrative purposes only. They are not intended to predict or project investment results. To the extent of any inconsistencies between this guide and the April 2007 Sun Wise Elite Information Folder and Individual Variable Annuity Contract, the terms of the Information Folder and Contract prevail. For full product details and disclosure, refer to the Information Folder and Contract. Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies, is the sole issuer of the individual variable annuity contract providing for investment in Sun Wise Elite segregated funds. A description of the key features of the applicable individual variable annuity contract is contained in the Information Folder. SUBJECT TO ANY APPLICABLE DEATH AND MATURITY GUARANTEES, ANY AMOUNT THAT IS ALLOCATED TO A SEGREGATED FUND IS INVESTED AT THE RISK OF THE CONTRACT HOLDER AND MAY INCREASE OR DECREASE IN VALUE. ®CI Investments and the CI Investments design are registered trademarks of CI Investments Inc. ™Harbour Advisors is a trademark of CI Investments Inc. ®Sun Wise is a registered trademark of Sun Life Assurance Company of Canada. ™AIM, the chevron logo and all associated trademarks are trademarks of AIM Management Group Inc., used under licence. *TRIMARK and all associated trademarks are trademarks of AIM Funds Management Inc. ®Fidelity Investments and the Fidelity design are registered trademarks of FMR Corp. ®RBC Asset Management is a registered trademark of Royal Bank of Canada. ™TD Asset Management is a trademark of The Toronto-Dominion Bank, used under licence. Thank You