So….some of us have been there…you know – the meeting where you closed the deal, took the app, and submitted it only to find out LATER that the policy you just sold is no longer available, or rates have changed. This is where we come in J. We’ve been sending out more announcements than usual lately because there have been more product/industry changes that are very important to note. We’re trying different ways to get the news across (Performins Blog, Email Blasts, Coaching Days, Weekly Seminars, Twitter, Facebook, etc...). Below is the recent announcement regarding Desjardins Investment changes. Regards, Jonathan
Jonathan Mullett is Inside Sales Coordinator at Performins Canada Inc. For questions, comments and feedback, email: jmullett@performins.com.
End of $25,000 Additional Deposits: December 21, 2012 For Contracts with Guaranteed Lifetime Withdrawal Benefit (GLWB) – Version 2
As you know, Desjardins Financial Security closed the GLWB – Version 2 on April 27, 2012. At that time, a $25,000 maximum for additional deposits was put in place. However, given the escalation of economic and regulatory pressures, at the end of this year, Desjardins Financial Security will be changing the administrative rules for the GLWB – Version 2 and will no longer accept additional deposits.
From now until December 21, you can continue to make Additional Deposits up to the $25,000 limit to the GLWB – Version 2. The cut-off time for all new deposits is 4:00 p.m. EST on December 21, 2012. After that, no further deposits will be allowed.
This new deadline of December 21 was chosen to allow time to settle all trades (except pending transfers) before the year-end closing date. Pending transfers will be accepted until March 22, 2013 as long as the appropriate documents are duly completed, signed and received before December 21, 2012.
You’ll likely have questions about how this change applies for your clients. A Q&A document is attached with this message, detailing what you need to do to ensure that your clients’ additional Deposits are processed properly and who to contact for support. The Q&A will be posted in Webi next week.
Rest assured, we will continue to offer the Helios Contract and the Core Guarantees remain unchanged. One of our Core Guarantees – the Guarantee 75/100 i – provides annual Death Benefit resets, making it the only GIF contract that protects against inflation!
We appreciate your continued support as we reinvent our guaranteed investment products to deliver great value for your clients in today’s challenging market conditions.
From now until December 21, you can continue to make Additional Deposits up to the $25,000 limit to the GLWB – Version 2. The cut-off time for all new deposits is 4:00 p.m. EST on December 21, 2012. After that, no further deposits will be allowed.
This new deadline of December 21 was chosen to allow time to settle all trades (except pending transfers) before the year-end closing date. Pending transfers will be accepted until March 22, 2013 as long as the appropriate documents are duly completed, signed and received before December 21, 2012.
You’ll likely have questions about how this change applies for your clients. A Q&A document is attached with this message, detailing what you need to do to ensure that your clients’ additional Deposits are processed properly and who to contact for support. The Q&A will be posted in Webi next week.
Rest assured, we will continue to offer the Helios Contract and the Core Guarantees remain unchanged. One of our Core Guarantees – the Guarantee 75/100 i – provides annual Death Benefit resets, making it the only GIF contract that protects against inflation!
We appreciate your continued support as we reinvent our guaranteed investment products to deliver great value for your clients in today’s challenging market conditions.
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