helios2 contract and information folder - desjardins … life of the annuitant (life assured). you...

A P R I L 2 0 1 8

Contract and Information FolderGUARANTEED INVESTMENT FUNDS – HELIOS2

Financial information as of December 31, 2017

This document contains the Contract, a description of the investments, terms applicable under the Contract, as well as other information on the Desjardins Financial Security Guaranteed Investment Funds Plan – Helios2.

DFS Guaranteed Investment Funds are established by Desjardins Financial Security Life Assurance Company.

Desjardins Insurance refers to Desjardins Financial Security Life Assurance Company.13188E (2018-04)

This document contains information about the Helios2 Contract and the Desjardins Financial Security Guaranteed Investment Funds Plan – Helios2. Please read it carefully before you decide to purchase this Contract.

Subject to any applicable guarantees, any part of the Deposit or other amount that is allocated to a segregated fund is invested at the risk of the Owner and may increase or decrease in value.

WHAT THIS DOCUMENT CONTAINS

Contract and Information Folder – April 2018 1

Please note that our defined terms are found in the Glossary.

This summary provides a brief description of the basic things you should know before you apply for this individual variable insurance contract. This summary is not your Contract. A full description of all the features and how they work is contained in this document. You should review this and ask your representative any questions you have.

WHAT AM I PURCHASING?

The Helios2 Contract is an insurance contract. It is between you and Desjardins Financial Security Life Assurance Company. It is called the Desjardins Financial Security Guaranteed Investment Funds Plan – Helios2. You have choices to make when you buy it.

You must choose:

• A Guarantee (Helios2 – 75/75 OR Helios2 – 75/100 i OR Helios2 – 100/100 i OR Helios2 – 75/100 GLWB)

• Funds

• A registered (RSP, RIF, TFSA, etc.) or a non-registered Contract

• Who will own this Contract

• A Fee Option

You may also tell us:

• Who you want to receive the Death Benefit

These choices can have an impact on the taxes that you may have to pay.

Please read this document carefully and ask your representative any questions you have.

The value of this Contract can go up or down subject to the guarantees.

WHAT GUARANTEES ARE AVAILABLE?

You get maturity and death benefit guarantees. These guarantees help protect your Deposits.

You have to pick the guarantee that you want. You have 4 Guarantees to pick from:

• Helios2 – 75/75

• Helios2 – 75/100 i

• Helios2 – 100/100 i

• Helios2 – 75/100 GLWB

You must pay different fees for each Guarantee.

Any withdrawals you make will reduce the guarantees. For full details, please see the “Surrenders and Withdrawals” section of this document.

Maturity Benefit Guarantees

Your Maturity Benefit protects the value of your Deposits at maturity, on the Annuitant’s (life assured’s) 105th birthday or 15 years after the initial Deposit for Helios2 – 100/100 i. Any withdrawals you make will reduce your Maturity Benefit.

See the Guarantees section for more information. The Guarantee you pick is very important. Ask your representative for help.

Helios2 – 75/75 Helios2 – 75/100 i Helios2 – 75/100 GLWB

Maturity Benefit The greater of:• the market value of the Units attributed to this Contract, OR;• 75% of the Deposits less adjustments for withdrawals.

Helios2 – 100/100 i

Maturity Benefit The greater of:• the market value of the Units attributed to this Contract, OR;• 100% of the Deposits in the initial year or in the one year period following a reset

of the Minimum Maturity Benefit Amount and 75% of the Deposits in other years, less adjustments for withdrawals. Please see page 27 for further details.

Death Benefit Guarantees

The Death Benefit protects the value of your Deposits if the Annuitant (life assured) dies. We pay the Death Benefit to the person you name. Any withdrawals you make will reduce your Death Benefit.

Helios2 – 75/75 Helios2 – 75/100 i or Helios2 – 100/100 i Helios2 – 75/100 GLWB

Death Benefit The greater of:• the market value of the Units

attributed to the Contract OR• 75% of the Deposits less

adjustments for withdrawals.

The greater of:• the market value of the Units

attributed to the Contract, OR • 100% of the Deposits (adjusted

with inflation up to age 75) less adjustments for withdrawals.

The greater of:• the market value of the Units

attributed to the Contract, OR • 100% of the Deposits less

adjustments for withdrawals.

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Helios2 – 75/100 i and Helios2 – 100/100 i have automatic resets of the Death Benefit every year until the Annuitant’s (life assured’s) 75th birthday. The Death Benefit may be increased each year by the Inflation Rate.

If you select Helios2 – 75/100 i, you will pay additional fees.

If you select Helios2 – 100/100 i you will pay additional fees. Only a selection of our Funds is offered with this Guarantee.

Until the Annuitant’s (life assured’s) 80th birthday, Helios2 – 75/100 GLWB has automatic resets of the Death Benefit every 3 years. If you select Helios2 – 75/100 GLWB, you will pay additional fees. Only a selection of our Funds is offered with this Guarantee.

Lifetime Withdrawal Guarantee

If you select Helios2 – 75/100 GLWB as your Guarantee, there is a lifetime withdrawal component. These withdrawals will last the entire life of the Annuitant (life assured).

You will pay more in fees for this Guarantee. Only a selection of our Funds is offered with this Guarantee.

Any withdrawals will reduce the Guaranteed Amounts under this Contract. Furthermore, any withdrawals you make in excess of the GLWB Maximum Amount will impact the future withdrawals that you may be entitled to make.

The amount of your Deposits and the age of the Annuitant (life assured) will affect the withdrawals you may be entitled to get. You may be able to increase your withdrawals through bonuses and resets. If you withdraw more than permitted, this may decrease your future withdrawals.

This Guarantee may not be suitable for everyone.

For full details on how the Guarantees work, please see the “Guarantees” and “Surrenders and Withdrawals” sections of this document.

WHAT FUNDS ARE AVAILABLE?

You can find information about each Fund in the Fund Facts section of this document. Read the Fund Facts pages of each of the Funds.

If you select Helios2 – 100/100 i or Helios2 – 75/100 GLWB, only a selection of our Funds is offered with these Guarantees.

The performance of the Funds is not guaranteed. Think carefully about how you feel about risk when choosing Funds.

Ask your representative for help in choosing Funds to suit your needs.

HOW MUCH WILL THIS COST?

Your Guarantee, Funds, and Fee Option affect your costs.

You will pay fees based on the Guarantee, Fee Option and Funds you choose. For all Guarantees, fees are deducted from the Funds. They are shown each of the Fund Facts pages of this document. Management Expense Ratios (MERs) include applicable sales taxes.

If you select the Fee Option B or Fee Option C, depending on the amount of time since you made a Deposit(s) to this Contract, you may have to pay a surrender charge when you take money out of the Contract. See the “Charges and Fees” section for more information.

If you select either Helios2 – 75/100 i, Helios2 – 100/100 i or Helios2 – 75/100 GLWB as your Guarantee, you will pay additional fees.

WHAT CAN I DO AFTER I PURCHASE THIS CONTRACT?

Deposits

You can add more money to this Contract. See the “Limitations on Deposits” and the specific limitations applicable for each of the Guarantees sections for more information.

Change Choice of Guarantee

You can change your choice of Guarantee once per calendar year. Depending on which Guarantee you choose, you may have to pay additional guarantee fees. If your choice of Guarantee does not offer the Funds you have selected, you will not be able to change your Guarantee until you switch to an available Fund. You may change your Guarantee only if you meet certain criteria. Please refer to the section “Change of Guarantees” for a detailed explanation. We will notify you if we decide to make changes to these Guarantees.

Switches

You can move money from one Fund to another Fund provided that the Funds you select are offered with the Guarantee you have chosen. Only a selection of our Funds is offered with Helios2 – 100/100 i or Helios2 – 75/100 GLWB . See the “Fund Switch Privilege” section for more information.

Surrenders

You can ask to take money out of this Contract. Surrenders will reduce your guarantees. You may have to pay fees or taxes. See the “Surrenders and Withdrawals” and “Charges and Fees” sections for more information.

Annuity

At a certain time, unless you choose another option, we will start making life annuity payments to you or the person you designate. See the “Annuity Provisions” section for more information.

You have the rights we describe in this document.

Certain restrictions and other conditions may apply. Read this document carefully and ask your representative any questions you may have.


WHAT INFORMATION WILL I RECEIVE ABOUT MY CONTRACT?

For each Fund that you have invested in, at least once per calendar year, we will tell you in writing:

• Any new Deposits you made that calendar year

• The value of your Deposits

• How many Units have been attributed to you in each Fund, and

• Other transactions you made that calendar year.

You can ask for the financial statements of our Funds. We update these documents twice a calendar year. You can also find them on our website.

CAN I CHANGE MY MIND?

Yes, you can. If you change your mind, you have the right to:

• Cancel this Contract

• Cancel any Deposits you made, or

• Reverse certain investment decisions.

If you want to do any of these, you have to tell us in writing within 2 business days of the earlier of:

• Receiving a confirmation from us; or

• 5 business days after the confirmation has been sent.

The amount returned will be the lesser of your Deposit or its value, if it has gone down. If you cancel, the amount returned will include a refund of all fees you paid.

If you change your mind about a specific purchase, the right to cancel only applies to that purchase.

WHERE CAN I GET MORE INFORMATION OR HELP?

Our mailing address is:

Desjardins Financial SecurityGuaranteed Investment Funds Administration1 Complexe DesjardinsP.O. Box 9000Montreal, QuebecH5B 1H5

Our telephone number is 1-888-729-3422. Our fax number is 1-888-926-2987. Or you can send us an email at [email protected].

Go to our website at desjardinslifeinsurance.com for even more information.

If there are problems that we cannot solve together and you need help, contact the OmbudService for Life & Health Insurance. Their phone number is 1-888-295-8112. Or you can also go to their website at olhi.ca for help.

For information on the additional protection you have as a holder of a life insurance contract, contact Assuris. Go to assuris.ca. Assuris is a company established by Canadian member insurance companies. We are a member company.

The insurance regulator in your province or territory can also help. Visit the Canadian Council of Insurance Regulators website at ccir-ccrra.org to find them.

In the province of Quebec, the insurance regulator is the Autorité des marchés financiers (AMF). For information about handling issues you are unable to resolve with your insurer, contact the Information Centre of the AMF at 1-877-525-0337 or at [email protected].

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mailto:gifclientservice%40dfs.ca?subject=

http://www.desjardinslifeinsurance.com/

http://www.olhi.ca

http://www.assuris.ca

http://www.ccir-ccrra.org

mailto:information%40lautorite.qc.ca?subject=


Helios2 and Desjardins Financial Security Guaranteed Investment Funds Plan – Helios2 are trademarks owned by Desjardins Financial Security Life Assurance Company. Desjardins Financial Security Guaranteed Investment Funds and DFS Guaranteed Investment Funds are registered trademarks owned by Desjardins Financial Security Life Assurance Company.

Desjardins Financial Security Life Assurance CompanyDesjardins Financial Security Life Assurance Company specializes in providing financial security through a sound combination of insurance and investment products. Over five million Canadians from coast to coast rely on Desjardins Financial Security to protect and grow their capital. A subsidiary of Desjardins Group, the largest integrated cooperative financial group in Canada, with $275.1 billion in assets as of December 31, 2017, Desjardins Financial Security has offices in Vancouver, Calgary, Winnipeg, Toronto, Ottawa, Montreal, Quebec, Lévis, Halifax and St. John’s.

The head office of the Company is located at 200, rue des Commandeurs, Lévis, Quebec, G6V 6R2, and we have a place of business at 1 Complexe Desjardins, P.O. Box 9000, Montreal, Quebec, H5B 1H5.

The contracts issued under the Desjardins Financial Security Guaranteed Investment Funds Plan are sold through licensed life insurance representatives in Canada.

The Desjardins Financial Security Guaranteed Investment Funds Plan – Helios2We certify that this document includes the policy contract and provides brief and plain disclosure of all material facts relating to the variable life insurance policy evidenced by the Contract called the Desjardins Financial Security Guaranteed Investment Funds Plan – Helios2, which is issued by Desjardins Financial Security Life Assurance Company. The Company intends to engage in the continuous sale of individual variable insurance contracts under the Desjardins Financial Security Guaranteed Investment Funds Plan.

Gregory Chrispin President and Chief Operating Officer, Life and Health Insurance

Éric Landry Vice-President, Investment Solutions


CONTRACT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

Description of this Contract . . . . . . . . . . . . . . . . . . . . . . 9

Glossary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

Notice and Instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

List of Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

Fundamental Changes . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Our Agreement with You . . . . . . . . . . . . . . . . . . . . . . . 12

Additional Information for residents of Alberta and British Columbia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Changing your Mind . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Fund Facts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

How to make a Deposit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

Choices for Allocation of Deposits . . . . . . . . . . . . . . . . . . . . . 13

Deposits and Attribution of Units . . . . . . . . . . . . . . . . . . . . . 14

Limitations on Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Pre-Authorized Debit (PAD) Agreement . . . . . . . . . . . . . . . . 14

Units of a Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Value of this Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Fund Switch Privilege . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Surrenders and Withdrawals . . . . . . . . . . . . . . . . . . . 16

General Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

Limitations on Surrenders . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

Systematic Withdrawal Program (including RRIFs) . . . . . . . 17

Short-term Trading Fees . . . . . . . . . . . . . . . . . . . . . . . . 17

Compensation Paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

Charges and Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

(A) Charges to the Owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

At the Time of Surrender . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

Waiver of Surrender Charges Applicable to Units under the Fee Option B or Fee Option C . . . . . . . . . . . . . . . . 18

Monthly Fees for a Selected Guarantee . . . . . . . . . . . . . . . . . 18

(B) Charges to the Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

Management Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

MER (Management Expense Ratio) . . . . . . . . . . . . . . . . . . . . 19

Guarantees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Change of Guarantees . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Helios2 – 75/75 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Limitations on Deposits for Helios2 – 75/75 . . . . . . . . . . . . . 22

Maturity Benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

Death Benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

Example of the calculation of the Minimum Maturity Benefit Amount and Minimum Death Benefit Amount for Helios2 – 75/75 and the impact of Deposits and Surrenders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

Helios2 – 75/100 i . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

Limitations on Deposits for Helios2 – 75/100 i . . . . . . . . . . . . 24


Example of the Effect of Deposits and Surrenders for Helios2 – 75/100 i on the Minimum Maturity Benefit Amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

Death Benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

Description of the Inflation Adjusted Value . . . . . . . . . . . . . . 25

Example of the Effect of Deposits on the inflation adjusted value for Helios2 – 75/100 i and Minimum Death Benefit Amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

Example of the Effect of Proportional Withdrawals for Helios2 – 75/100 i on the Minimum Death Benefit Amount and inflation adjusted value . . . . . . . . . . . . . . . . . . . . . . 26

Helios2 – 100/100 i . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

Limitations on Deposits for Helios2 – 100/100 i . . . . . . . . . . . 27


Example of the Effect of Proportional Withdrawals for Helios2 – 100/100 i of the Minimum Maturity Benefit Amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

Reset of the Minimum Maturity Benefit Amount . . . . . . . . . . 28

Example of the Effect of Deposits for Helios2 – 100/100 i on the Minimum Maturity Benefit Amount . . . . . . . . . . . . . . 28

Death Benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Description of the Inflation Adjusted Value . . . . . . . . . . . . . . 29

Example of the Effect of Deposits on the Inflation Adjusted Value for Helios2 – 100/100 i and the Minimum Death Benefit Amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

Example of the Effect of Proportional Withdrawals for Helios2 – 100/100 i on the Inflation Adjusted Value and the Minimum Death Benefit Amount . . . . . . . . . . . . . . . . . . . 30

Helios2 – 75/100 GLWB . . . . . . . . . . . . . . . . . . . . . . . . . . 31

Limitations on Deposits for Helios2 – 75/100 GLWB . . . . . . . 32


Death Benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

Example of the effect of Deposits and Surrenders for Helios2 – 75/100 GLWB on the Minimum Maturity Benefit Amount and the Minimum Death Benefit Amount . . . . . . . . 33

Guaranteed Lifetime Withdrawal Benefit definitions . . . . . . . 33

GLWB Maximum Amount . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

Adjustments to the GLWB Maximum Amount . . . . . . . . . . . . 34

GLWB Protected Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

Example of Adjustments to the GLWB Protected Value . . . . . 34

GLWB Bonus Base . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35

Example of Adjustments to the GLWB Bonus Base . . . . . . . . 35

GLWB Bonus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35

Example of the GLWB Bonus applied to the GLWB Protected Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36

GLWB Bonus Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36

GLWB Withdrawal Percentage . . . . . . . . . . . . . . . . . . . . . . . . 36

Adjustments to the GLWB Withdrawal Percentage . . . . . . . . 36

Example of Adjustments to the GLWB Withdrawal Percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37

GLWB Excess Withdrawals . . . . . . . . . . . . . . . . . . . . . . . . . . . 37

Example of GLWB Excess Withdrawals for Helios2 – 75/100 GLWB on the Minimum Maturity Benefit Amount, Minimum Death Benefit Amount, GLWB Protected Value and GLWB Bonus Base . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38

GLWB Eligible Withdrawals . . . . . . . . . . . . . . . . . . . . . . . . . . 38

Guaranteed Payment Phase . . . . . . . . . . . . . . . . . . . . . . . . . . 38

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Options after the day the Annuitant attains age 65 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38

Annuity Provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39

Annuity Prior to the day the Annuitant attains age 105 . . 39

Annuity on the day the Annuitant attains age 105 . . . . . . . 39

Loan and Non-Forfeiture Options . . . . . . . . . . . . . . 39

Creditor Protection . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39

Non-registered Contracts . . . . . . . . . . . . . . . . . . . . . . . 39

Joint Owners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39

A) Joint Ownership with Right of Survivorship (except Quebec) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39

B) Subrogated Owner (Quebec only) . . . . . . . . . . . . . . . . . . . 39

Joint Annuitants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40

Contingent Owner (Subrogated Owner in Quebec) . . . . . . . . . . . . . . . . . 40

Registered Contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40

RRSPs and Other Registered Plans . . . . . . . . . . . . . . 40

RSP Endorsement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40

RIF Endorsement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41

TFSA Endorsement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42

Locked-in Pension Benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . 43

RSP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43

RIF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43

Value of the Funds and the Units . . . . . . . . . . . . . . . 43

Income Allocations for Tax Purposes . . . . . . . . . . . 44

Tax Status of the Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44

Tax Status of Owners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44

Contract held in a Nominee or Intermediary Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45

Assignment of Obligations by the Company . . . 45

Transfer of Ownership and Limitations on Assignment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46

Closing of Funds, Series, or Fee Options . . . . . . . . 46

OTHER INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . 47

Management of the Funds . . . . . . . . . . . . . . . . . . . . . . 47

Material Contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47

Interest of Management and Others in Material Transactions . . . . . . . . . . . . . . . . . . . . . . . . 47

Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47

Other Material Facts . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47

ANNEX A

GLWB Bonus Rate and GLWB Withdrawal Percentage . . . . . . . . . . . . . . . . . . . . . . . . . 49

GLWB Bonus Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49

GLWB Withdrawal Percentage . . . . . . . . . . . . . . . . . . . . . . . . 49

GLWB Withdrawal Percentage Table . . . . . . . . . . . . . . . . . . . 49

ANNEX B

Helios2 – 75/100 GLWB Case Studies . . . . . . . . . . . . 51

Helios2 – 75/100 GLWB at retirement . . . . . . . . . . . 51

Helios2 – 75/100 GLWB prior to retirement . . . . . 53

INVESTMENT INFORMATION . . . . . . . . . . . . . . . . . . . . 55

Investment Policies for the Funds . . . . . . . . . . . . . . . 55

Investment Policies for All Funds . . . . . . . . . . . . . . . . . . . . . . 57

Principal Risk Factors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58

Market Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58

Special Equities Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58

Interest Rate Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58

Credit Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58

Foreign Currency Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58

Sovereign Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59

Derivatives Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59

Investment Solutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61

Responsible Investment Portfolios . . . . . . . . . . . . . . . . . . . . 65

Individual Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69

Income Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70

Balanced and Asset Allocation Funds . . . . . . . . . . . . . . . . . . . 71

Canadian Equity Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78

Foreign Equity Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82


FUND FACTS – DESJARDINS FINANCIAL SECURITY GUARANTEED INVESTMENT FUNDS . . . . . . . . . . . . 85

DFS GIF – Conservative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86

DFS GIF – Moderate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89

DFS GIF – Balanced . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92

DFS GIF – Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95

DFS GIF – Maximum Growth . . . . . . . . . . . . . . . . . . . . . . . . . 98

DFS GIF – Conservative – Desjardins SocieTerra . . . . . . . . . . 101

DFS GIF – Balanced – Desjardins SocieTerra . . . . . . . . . . . . . 104

DFS GIF – Growth – Desjardins SocieTerra . . . . . . . . . . . . . . 107

DFS GIF – Maximum Growth – Desjardins SocieTerra . . . . . . 110

DFS GIF – Money Market . . . . . . . . . . . . . . . . . . . . . . . . . . . 113

DFS GIF – Income – Fiera Capital . . . . . . . . . . . . . . . . . . . . . 116

DFS GIF – Canadian Bond . . . . . . . . . . . . . . . . . . . . . . . . . . 119

DFS GIF – Diversified Income – Franklin Quotential . . . . . . . 122

DFS GIF – Balanced Income – Franklin Quotential . . . . . . . . 125

DFS GIF – Canadian Balanced – Fidelity . . . . . . . . . . . . . . . . 128

DFS GIF – U .S . Monthly Income – Fidelity . . . . . . . . . . . . . . 131

DFS GIF – Global Balanced – Jarislowsky Fraser . . . . . . . . . . 134

DFS GIF – Canadian Balanced – Fiera Capital . . . . . . . . . . . . 137

DFS GIF – Canadian Balanced – Franklin Bissett . . . . . . . . . . 140

DFS GIF – Balanced Growth – Franklin Quotential . . . . . . . . 143

DFS GIF – Canadian Balanced – CI Signature . . . . . . . . . . . . 146

DFS GIF – Income and Growth – CI Signature . . . . . . . . . . . 149

DFS GIF – Growth and Income – NEI Northwest . . . . . . . . . 152

DFS GIF – Global Growth – NEI Select . . . . . . . . . . . . . . . . . 155

DFS GIF – Canadian Asset Allocation – CI Cambridge . . . . . 158

DFS GIF – Growth – Franklin Quotential . . . . . . . . . . . . . . . 161

DFS GIF – Dividend Income – Franklin Bissett . . . . . . . . . . . 164

DFS GIF – Canadian Dividend – NEI Northwest . . . . . . . . . . 167

DFS GIF – Canadian Equity – Jarislowsky Fraser . . . . . . . . . . 170

DFS GIF – Canadian Equity – Fidelity True North® . . . . . . . . 173

DFS GIF – Canadian Equity – Franklin Bissett . . . . . . . . . . . . 176

DFS GIF – Specialty Equity – NEI Northwest . . . . . . . . . . . . . 179

DFS GIF – Small Cap – Franklin Bissett . . . . . . . . . . . . . . . . . 182

DFS GIF – American Equity – MFS . . . . . . . . . . . . . . . . . . . . 185

DFS GIF – American Equity Value – Desjardins . . . . . . . . . . . 188

DFS GIF – Global Dividend – Desjardins . . . . . . . . . . . . . . . . 191

DFS GIF – Global Equity – MFS . . . . . . . . . . . . . . . . . . . . . . 194

DFS GIF – International Equity – MFS . . . . . . . . . . . . . . . . . . 197

DFS GIF – International Equity Growth – Desjardins . . . . . . . 200

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Description of this Contract

The Helios2 Contract is an individual variable insurance contract under which the benefits depend upon the performance of the Desjardins Financial Security Guaranteed Investment Funds (DFS GIF). It is offered by Desjardins Financial Security Life Assurance Company. “Desjardins Financial Security”, “DFS” or “the Company” means Desjardins Financial Security Life Assurance Company. The Company is the issuer of this annuity Contract and the guarantor of any guarantee provisions contained herein. It is designed to provide you with an opportunity to attain your financial goals by making Deposits, which the Company will invest in the Funds you select.

Glossary

The meanings of certain terms used in this document are as follows:

“Administrative Rules” means the internal rules that govern our operations, including policies, guidelines, rules and practices of the Company, which can be changed at the sole discretion of the Company;

“Annuitant” means the person or persons in the event of whose death(s) the Death Benefit is payable whereupon this Contract and any applicable guarantees attached to it will end. It is the person or persons (in the case there is more than one Annuitant) whose name(s) appear(s) as “Owner” on an application accepted by the Company unless otherwise specified in such application. For the purposes of calculating the Death Benefit and all other Guarantees, the measuring life will be deemed to be the younger Annuitant. In the case where there is more than one Annuitant, the Death Benefit is payable on the death of the last survivor and any other guarantees will end on the death of the last survivor. For all Registered Contracts, the Annuitant will always be the Owner of this Contract;

“Beneficiary” means the person you designate to receive the Death Benefit under this Contract;

“CIFSC” means the Canadian Investment Funds Standards Committee, which provides standardized fund classification categories that are subject to change without Notification;

“Contract” means the contract application, the present individual variable insurance Contract, items 1 (Company, Contract and Fund names), 2 (Quick Facts), 5 (How risky is it?), 8 (How much does it cost?) and 9 (What if I change my mind?) of the attached Fund Facts pages;

“Contract Anniversary Date” means the anniversary of the Valuation Date of your first Deposit;

“Cut-Off Time” means a time on each Market Day when trading on the Toronto Stock Exchange ends, generally 4 pm (EST);

“Death Benefit” means the greater of the value of the Units attributed to this Contract or the Minimum Death Benefit Amount, applicable for the Guarantee selected, upon the death of the Annuitant, as described in the section “Guarantees”;

“Deposit” or “Deposits” means the gross premium, which is the sum of money, paid to the Company for the purpose of attributing Units to this Contract; or other amount paid or payable to this Contract. For a more detailed description, please refer to the sections “Deposits”, “Limitations on Deposits”, “Limitations on Deposits for Helios2 – 75/75”, “Limitations on Deposits for Helios2 – 75/100 i”, “Limitations on Deposits for Helios2 – 100/100 i”, “Limitations on Deposits for Helios2 – 75/100 GLWB”, and “Guarantees”;

“Desjardins Financial Security Guaranteed Investment Funds Plan” or “Plan” means the Desjardins Financial Security Guaranteed Investment Funds Plan and includes the present Helios2 Contract;

“Fee Option” means one of the three options chosen by you within Series 6 or 8. The Fee Options called A, B, or C are described in the section titled “Charges and Fees”;

“Fund” or “Funds” means any Fund established by the Company under the Helios2 Contract and which is available for a specific Guarantee or benefit consisting of a specified group of assets;

“Guarantee” or “Guarantees” means the Guarantee which you have chosen, being a choice of Helios2 – 75/75, Helios2 – 75/100 i, Helios2 – 100/100 i or Helios2 – 75/100 GLWB as described in the section titled “Guarantees”;

“Guaranteed Amount” or “Guaranteed Amounts” means the Minimum Death Benefit Amount and the Minimum Maturity Benefit Amount of a Contract which the Company guarantees to pay to the Owner or the Beneficiary regardless of fluctuations in the market value of the Funds;

“Holder” means for a Tax-Free Savings Account (TFSA) Contract, the individual who entered into the TFSA arrangement with Desjardins Financial Security and whose name appears as “Holder” on a TFSA application accepted by the Company. The Holder of the TFSA is also the Annuitant as described in this Contract for the purposes of calculating the Death Benefit and any applicable guarantees attached to this Contract in the event of death. Also the “Holder”, “you” and “your” refer to the Owner of this Contract under the Desjardins Financial Security Guaranteed Investment Funds Plan;

“Income Tax Act” means the Income Tax Act (Canada), the Income Tax Regulations and also, where the context requires, the corresponding provincial income tax legislation;

Contract


“Inflation Rate” means for the purpose of calculating the Minimum Death Benefit Amount for Helios2 – 75/100 i or Helios2 – 100/100 i, the amount by which we annually adjust the amount of your Deposit for inflation on a compound basis. The Inflation Rate is equal to the change in percentage of the Canadian Consumer Price Index (CPI) as reported by Statistics Canada for the prior one-year period ending November 30th. The Inflation Rate is subject to a maximum of 5% and a minimum of 0%. See the “Guarantees” section for more information.

“Management Fee” means the fees charged to a Fund and which includes the Management Fees charged by the Company and any underlying fund(s) as described in the section “Charges and Fees”. There is no duplication of Management Fees charged by the Company;

“Market Day” means a day when the Toronto Stock Exchange is open for business;

“Maturity Benefit” means the greater of the market value of the Units attributed to this Contract or the Minimum Maturity Benefit Amount, applicable for the Guarantee selected, upon the day the Annuitant attains age 105 or the Maturity Date, as described in the section “Guarantees”;

“Maturity Date” means the maturity date for Helios2 – 100/100 i which is equal to the later of 15 years after the initial Deposit; or 15 years after the previous reset of the Minimum Maturity Benefit Amount;

“Minimum Death Benefit Amount” means the amount we calculate for purposes of determining the death benefits under Helios2 – 75/75, Helios2 – 75/100 i, Helios2 – 100/100 i or Helios2 – 75/100 GLWB as described in the section titled “Guarantees”;

“Minimum Maturity Benefit Amount” means the amount we calculate for purposes of determining the maturity benefits under Helios2 – 75/75, Helios2 – 75/100 i, Helios2 – 100/100 i or Helios2 – 75/100 GLWB as described in the section titled “Guarantees”;

“Notice” or “Notification” means any written communication by us to you;

“Owner” means a person or legal entity whose name appears as “Owner” or “Co-Owner” in the “Owner” section of the contract application, which has been accepted by the Company and is a party to the Desjardins Financial Security Guaranteed Investment Funds Plan – Helios2 Contract. The Owner will receive the benefits of the annuity unless a third party is designated by the Owner to receive such benefits. Also the “Holder”, “you” and “your” refer to the Owner of this Contract under the Desjardins Financial Security Guaranteed Investment Funds Plan;

“Registered Contract” means a Contract issued and registered as a Registered Retirement Income Fund (RRIF) (including a Life Income Fund [LIF] approved under applicable pension legislation), a Registered Retirement Savings Plan (RRSP) (including a Locked-in Retirement Account [LIRA] approved under applicable pension legislation), a Tax-Free Savings Account (TFSA), or any other plan, account or fund accepted for registration under and governed by sections 146, 146.2 or 146.3 of the Income Tax Act and offered by the Company;

“Retirement Income Fund” (RIF) means, in accordance with section 146.3 of the Income Tax Act, a Contract under which, in consideration for the Deposits, the Company undertakes to pay amounts to the Owner in accordance with the terms of the Contract, the total of which is, in each year in which the minimum amount under the Contract calculated in accordance with the Income Tax Act for the year is greater than nil, not less than the minimum amount for the Contract calculated in accordance with the Income Tax Act for that year, but the amount of any such payment does not exceed the value of the Units attributed to this Contract, in accordance with the provisions under the sections “Value of the Funds and the Units” and “Value of this Contract”. A RIF includes a LIF approved under applicable pension legislation;

“Retirement Savings Plan” (RSP) means, in accordance with section 146 of the Income Tax Act, a Contract between the Owner and the Company, under which, in consideration for the Deposits by the Owner or the Owner’s Spouse or Common-Law Partner (spousal RSP), a retirement income, commencing after an annuity option is selected no later than the end of the year in which the Owner reaches age 71 (or as specified in the Income Tax Act), is to be provided. A RSP includes a LIRA approved under applicable pension legislation;

“Series” means either our base fee structure (Series 6) or the reduced fee structure (Series 8) tailored for Owners with a higher market value of the units attributed to all individual variable insurance contracts offered by the Company (Helios2 Contract and all previous Contracts offered by the Company only).

“Spouse” or “Common-Law Partner” means any person who is recognized as a spouse or common-law partner under the Income Tax Act;

“Survivor” means the Spouse on Common-law partner immediately before the Holder’s death;

“Tax-free Savings Accounts”(TFSA) means, in accordance with the definition of “qualifying arrangement” as given in section 146.2 of the Income Tax Act, a Contract that is entered into between the Company and a Holder who is at least 18 years of age that provides for Deposits to be made under the Contract to the Company in consideration of, or to be used, invested or otherwise applied for the purpose of, the Company making payments under the Contract to the Holder, in accordance with the terms of the Contract;


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“Unit” or “Units” mean the notional Units of any Fund established by the Company under the Desjardins Financial Security Guaranteed Investment Funds Plan. Series 6 and 8 are the only Series of Funds offered under this Contract;

“Valuation Date” unless otherwise provided herein, the Valuation Date of a transaction is the day the transaction arises if this occurs at or before the Cut-Off Time on a Market Day. If the transaction arises on a non-Market Day or after the Cut-Off Time on a Market Day, the Valuation Date for the transaction will be the next following Market Day.

Notice and InstructionsYou must send us clear and unambiguous written instructions for any transaction or change you wish to make and you must sign them. All instructions will become effective upon receipt and once the Company has accepted your instructions. You may contact us at Desjardins Financial Security Guaranteed Investment Funds Administration, 1 Complexe Desjardins, P.O. Box 9000, Montreal, Quebec, H5B 1H5. If you have any questions, please call 1-888-729-3422.

When required by this Contract or by law, the Company will send you a Notice at the most recent address we have on file. Please advise us of any change in your address. In some cases, where your Contract is held externally in a nominee or an intermediary account, correspondence may be directed to a third party based on the authorization you have given to the third party and where that authorization is acceptable to us.

Please note that for certain transactions, we may require proof of age of the Annuitant and/or medical evidence of health.

List of Funds

Investment Solutions:DFS GIF – Conservative†*DFS GIF – Moderate†*DFS GIF – Balanced†*DFS GIF – Growth†*DFS GIF – Maximum Growth†

Responsible Investment Portfolios:DFS GIF – Conservative – Desjardins SocieTerra†*DFS GIF – Balanced – Desjardins SocieTerra†*DFS GIF – Growth – Desjardins SocieTerra†*DFS GIF – Maximum Growth – Desjardins SocieTerra†

Individual Funds:IncomeDFS GIF – Money Market†*DFS GIF – Income – Fiera Capital†*DFS GIF – Canadian Bond†*Balanced and Asset AllocationDFS GIF – Diversified Income – Franklin Quotential*DFS GIF – Balanced Income – Franklin Quotential*DFS GIF – Canadian Balanced – FidelityDFS GIF – U.S. Monthly Income – Fidelity†

DFS GIF – Global Balanced – Jarislowsky Fraser†*DFS GIF – Canadian Balanced – Fiera Capital†*DFS GIF – Canadian Balanced – Franklin Bissett†*DFS GIF – Balanced Growth – Franklin Quotential*DFS GIF – Canadian Balanced – CI Signature†*DFS GIF – Income and Growth – CI Signature†*DFS GIF – Growth and Income – NEI Northwest†*DFS GIF – Global Growth – NEI Select†*DFS GIF – Canadian Asset Allocation – CI Cambridge†

DFS GIF – Growth – Franklin QuotentialCanadian EquityDFS GIF – Dividend Income – Franklin Bissett†

DFS GIF – Canadian Dividend – NEI Northwest†

DFS GIF – Canadian Equity – Jarislowsky Fraser†

DFS GIF – Canadian Equity – Fidelity True North®†

DFS GIF – Canadian Equity – Franklin Bissett†

DFS GIF – Specialty Equity – NEI NorthwestDFS GIF – Small Cap – Franklin BissettForeign EquityDFS GIF – American Equity – MFS†

DFS GIF – American Equity Value – Desjardins†

DFS GIF – Global Dividend – Desjardins†

DFS GIF – Global Equity – MFS†

DFS GIF – International Equity – MFS†

DFS GIF – International Equity Growth – Desjardins†

® Fidelity True North is a registered trademark of FMR Corp.† Only these Funds are available with Helios2 – 100/100 i.* Only these Funds are available with Helios2 – 75/100 GLWB.


The Company reserves the right to add new Funds or close Funds at any time. Please refer to the section “Closing of Funds, Series, Fee Options or Plans” which explains your rights should we do so.

You will find additional information on the Funds in the section titled “Investment Policies for the Funds”.

Fundamental Changes

As stated in both the Canadian Life and Health Insurance Guideline for Individual Variable Insurance Contracts Relating to Segregated Funds and, in Quebec, the Autorité des marchés financiers Guideline for Individual Variable Insurance Contracts Relating to Segregated Funds, the Company will give you 60 days advance Notice if we must make any of the following fundamental changes:

• Change in the fundamental investment objectives of the Desjardins Financial Security Guaranteed Investment Funds (DFS GIF);

• An increase in the total of your current guarantee fee(s) of more than the greater of 0.5% and 50% of your total current guarantee fees;

• A decrease in the frequency with which a Unit of a Fund is valued; or

• An increase in the Management Fee (please refer to the section “Charges and Fees”).

Once you receive our Notification of any of these changes, you will have the right to switch (the value of your Units) to another Fund or Funds with a similar investment objective, category, same or lower Management Fees and maximum guarantee fees that has not been affected by the change. If you receive our Notification of any of these changes, you will not incur any fees resulting from these changes. In the event of a switch of the value of the Units attributed to this Contract from one Fund to another Fund, the Owner may also realize a capital gain or a capital loss upon disposition of that interest. The Guaranteed Amounts under this Contract will not change. If such a Fund or Funds is/are not available under the Guarantee you have selected, you will have the right to surrender the market value of your Units as of the effective date of the change without incurring any fees. We must receive and accept your clear written instructions to our Notification at least five days before the effective date of the change.

The above rights are stated in the Canadian Life and Health Insurance Guideline for Individual Variable Insurance Contracts Relating to Segregated Funds and, in Quebec, the Autorité des marchés financiers Guideline on Individual Variable Insurance Contracts Relating to Segregated Funds. Any future change to these Guidelines will affect these rights accordingly.Once any Notice has been given, we reserve the right to refuse any and all new Deposits or switches into the Fund(s) affected.

Our Agreement with You

The terms of this Contract allow for various transactions to occur. These transactions may be initiated by you, the Company or to comply with law.

All of the terms of the agreement between the Company and the Owner are in this Contract, including both Annexes and the application and any amendments or riders attached to these documents.

Should the Company be required to make future modifications to this Contract, we reserve the right to do so by sending you a Notice at the most recent address we have on file. Please advise us of any change in your address. In some cases, where your Contract is held externally in a nominee or an intermediary account, correspondence may be directed to a third party based on the authorization you have given to the third party and where that authorization is acceptable to us. Only the Company’s President and Chief Executive Officer, Senior Executive Vice-President and Chief Operating Officer, President and Chief Operating Officer Life and Health Insurance, Vice-President Investment Solutions, Corporate Secretary or Assistant Corporate Secretary or any person of equivalent title may make modifications to this Contract on behalf of the Company.

While the Company may from time to time choose to not enforce all of its rights under this Contract, this does not mean that by doing so, that we are waiving any of these rights. We will always retain the right to enforce the terms of this Contract.

Section headings and reference citations appearing in this Contract are for convenience only and are not to be considered as an aid to interpretation.

When changes are made in applicable legislation or regulation, this agreement shall be deemed to be amended to comply with such change in the applicable legislation.

Additional Information for residents of Alberta and British ColumbiaEvery action or proceeding against an insurer for the recovery of insurance money payable under this Contract is absolutely barred unless commenced within the time set out in the Insurance Act (Alberta Insurance Act s.643(2)(g); British Columbia Insurance Act s.33(2)(g)).

Changing your MindIf you change your mind about purchasing this Contract, you must notify us in writing within two business days of the earlier of receiving confirmation of your purchase or five business days after the confirmation has been mailed. By doing so, you will be refunded the lesser of the amount of your Deposit or its value, if it has gone down. The amount returned will include a refund of any fees you paid.


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You can also change your mind about specific subsequent purchases that you make. You must notify us in writing within two business days of the earlier of receiving confirmation of your purchase or five business days after the confirmation has been mailed. In this case, the right to rescind will only apply to that specific purchase. The amount returned will be the lesser of the amount of that Deposit or the market value on the Valuation Date no later than the business day following the business day we receive your rescission request, plus a refund of any fees you paid for this specific purchase.

Fund FactsCertain parts of the Fund Facts section are considered part of this Contract. These sections are:

Item 1 (Company Name, Contract Name, Fund Name)Item 2 (Quick Facts)Item 5 (How risky is it?)Item 8 (How much does it cost?)Item 9 (What if I change my mind?)

The Fund Facts section complies with Guideline G2: Individual Variable Insurance Contracts Relating to Segregated Funds and, in Quebec, the Autorité des marchés financiers Guideline on Individual Variable Insurance Contracts Relating to Segregated Funds and is accurate at the time of printing. Any errors within the Fund Facts section will be remedied by the insurer with measures to correct the error but will not entitle the Owner to specific performance by the Funds under this Contract.

The value of the Units in a Fund attributed to this Contract will fluctuate with the market value of the assets in the Fund and, therefore, cannot be guaranteed, other than as described in the “Guarantees” section.

Deposits

How to make a DepositThe Company allows you to make your Deposits as follows:

• In a lump sum amount at any time; or

• In accordance with a pre-authorized debit (PAD) agreement.

If this Contract is registered as an RRSP, you will also receive a tax receipt each calendar year you make a new Deposit to this Contract that meets the requirement of the Income Tax Act.

Choices for Allocation of DepositsThis Contract offers two Series of Units in the Funds. Series 6 is our base fee structure and Series 8 is the reduced fee structure tailored for Owners with a higher total market value of the Units attributed to all individual variable insurance contracts offered by the Company (Helios2 Contract and all Contracts previously offered by the Company only).

Please read this section carefully to understand which Series you qualify for.

Series 6 applies for all Contracts unless you qualify for Series 8.

Series 8 is for Contracts where the Owner’s market value of all of the Units attributed to all versions of individual variable insurance contracts offered by the Company is $250,000 or more (Helios2 Contract and all Contracts previously offered by the Company only).

The Company will perform a periodic evaluation to determine which Series you qualify for. The Company will take into consideration the market value of the Units attributed to all individual variable insurance contracts offered by the Company (Helios2 Contract and all Contracts previously offered by the Company only) for which you are the Owner. For the purposes of the evaluation, Contracts held in your name (client name) and Contracts held externally in a nominee or an intermediary account(s) are not calculated together. If you meet the $250,000 threshold for Series 8, you will automatically be eligible for the lower Management Expense Ratios (MERs) of this Series and the Company will automatically switch your Series 6 Units to Series 8 Units. Note however that the lower MER will apply to Deposits in the current Contract only.

Conversely, if it is noted that the market value of the Units attributed to your individual variable insurance contracts with the Company (Helios2 Contract and all Contracts previously offered by the Company only) is less than $150,000, even if you had previously qualified for the lower Management Expense Ratios of Series 8, the Company will switch your Series 8 Units to Series 6 Units. Note however that the higher MER will apply to Deposits in the current Contract only.

For example: If you own Contract A valued at $65,000 and Contract B valued at $150,000, these contracts hold a total value of $215,000. If you then purchase a Helios2 Contract and make a Deposit of $35,000, the market value of the Units attributed to your individual variable insurance contracts with the Company (Helios2 Contract and all Contracts previously offered by the Company only) would be $250,000 in these three contracts.

Contract A = $65,000Contract B = $150,000Helios2 Contract = $35,000$65,000 + $150,000 + $35,000 = $250,000

Only the $35,000 Deposit in the Helios2 Contract qualifies for the lower Management Expense Ratios.

On the other hand, if you own Contract A with a market value of $75,000, Contract B with a market value of $150,000 and a Helios2 Contract with a market value of $50,000, these contracts hold a total market value of $275,000 and your Helios2 Contract qualifies for the lower Management Expense Ratios. However, if you close Contract B, the market value of your contracts will decrease to $125,000.

Contract A = $75,000Helios2 Contract = $55,000$75,000 + $50,000 = $125,000


Your Helios2 Contract will no longer qualify for the lower Management Expense Ratios.

There are three Fee Options available: no load (Fee Option A) whereby no surrender charges will apply if you decide to make a partial or total surrender of any Units of any Fund allocated to your Contract, regardless of the amount of time since the Units were first attributed to this Contract and low load sales charge (Fee Option B) or deferred sales charge (Fee Option C) whereby in the event of a total or partial surrender of this Contract, depending on the amount of time since the Units were first attributed to this Contract, you may have to pay surrender charges. The Fee Option must be selected at the time of Deposit and it cannot be changed by you for the entire life of the Contract. However, it is possible to own Units under one or more Fee Options at the same time within the same Contract. In this Contract, when we refer to Fee Option A, Fee Option B or Fee Option C, we mean the no load, low load sales charge or deferred sales charge (respectively) Fee Options within Series 6 or Series 8.

The Company reserves the right in its absolute discretion to change the Series applicable to this Contract if, in the Company’s opinion, withdrawals are performed in order to circumvent minimum Deposit limitations. Each Deposit will be allocated to Units in the Fee Option of the Fund or Funds you choose in accordance with your written notification at the time of Deposit. When you are making Deposits under a PAD agreement, these Deposits will be allocated to the Units in the Fee Option(s) of the Fund or Funds applicable to this Contract at the time the Deposit is scheduled to be made. Should you wish to change these investment instructions, you must notify us in writing that you wish to change these instructions for new Deposits. The Company will determine which Series you qualify for, based on the market value of the units attributed to your individual variable insurance contracts with the Company (Helios2 Contract and all Contracts previously offered by the Company only) and your Deposit will be attributed to either Series 6 or Series 8, as appropriate.

Deposits and Attribution of UnitsA Deposit shall be considered to have been paid on the Valuation Date once the Company has approved and accepted the Deposit.

The section titled “Charges and Fees” describes the applicable charges for the Fund(s) and Fee Option(s) you have selected. The section “Value of the Funds and the Units” describes the valuation of Units and explains the meaning of net asset value per Unit. You will find the meanings of “Cut-Off Time”, “Fund” and “Market Day” in the Glossary.

Limitations on DepositsDeposits over $1,000,000 must be approved in advance by the Company. The Company reserves the right in its absolute discretion to refuse any Deposit regardless of the amount with or without prior Notification, or may impose additional requirements on Deposits.

Should you wish to make any additional lump sum Deposits, these Deposits must be in the amount of $500 or greater.

The Company reserves the right in its absolute discretion to limit the number of contracts purchased by refusing to accept subsequent contract applications for the same contract plan type. The Company reserves the express right to treat multiple contract applications as additional Deposits to any Contract with the same Contract plan type, Guarantee, Annuitant and Beneficiary designation.

There are additional limitations on initial Deposits, depending on the Guarantee you select. These limitations are described fully in the section specific to each of the Guarantees. Please see the section about the Guarantee you wish to select.

Pre-Authorized Debit (PAD) AgreementYou may choose to enter into a pre-authorized debit (PAD) agreement so that you have scheduled deductions made from your personal bank account.

Although the PAD agreement offers you an opportunity to make regular investments, there is no obligation to do so and further Deposits are completely voluntary.

If you are making Deposits to your Contract through a PAD agreement, these Deposits cannot be less than $50 per month and a minimum of $25 must be scheduled per Fund.

For example, if you set up a PAD agreement for $50 per month, this amount must be allocated towards Units of no more than two different Funds. A minimum $25 scheduled Deposit per Fund can be set up in your PAD agreement at all times.

More information specific to PAD agreements for each of the Guarantees can be found in the “Guarantees” section.

Units of a Fund

Units of a Fund are attributed to individual Contracts for the purpose of determining the value of the benefits under those Contracts. You acquire no direct claim on the Units or assets of a Fund or any underlying fund by purchasing this Contract. However, you do acquire the benefits which are provided under this Contract.

The assets of a Fund are kept separate from the other assets of the Company and are owned by the Company.

Some of the Funds directly hold debt or equity securities or other assets while other Funds hold units of underlying mutual funds or pooled funds. If the Fund holds units in an underlying mutual or pooled fund, you are not an owner or unit holder of the units of the underlying fund.

We attribute Units to and surrender Units from this Contract according to the Contract terms, or as provided or required by law.

For any Deposit, the actual number of Units in the Fund and Fee Option to be attributed to this Contract will be calculated as follows:


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DepositNet asset value per Unit as at the Cut-Off Time

on that applicable Market Day

Units of a Fund attributed to this Contract are designated as Series 6 or Series 8. Please refer to the section “Charges and Fees” for a full description of each Series and the different Fee Options available under each of the Guarantees.

The Company reserves the right in its absolute discretion to change any of the underlying funds or investment vehicles at any time. In the event that such a change occurs, the Company will provide you with a Notice of this change.

Value of this Contract

The value of this Contract is equal, for all Funds to which your Deposits were allocated, to the total of the:

Current net asset value per Unit of the Fund x

Number of Units in each Fund

For greater certainty, regarding the allocation of Deposits and the attribution of Units, the Company calculates the value of the Units attributed to this Contract at the Cut-Off Time on the Market Day we receive your Deposit at our place of business. The Deposit must be received on or before the Cut-Off Time on such Market Day. If the Company receives your Deposit (or other valid written notice) at our place of business on a non-Market Day or after the Cut-Off Time on a Market Day, we will calculate the value of the Units attributed to this Contract as at the Cut-Off Time on the next Market Day. A Deposit shall be considered to have been paid on the Valuation Date once the Company has approved and accepted the Deposit.

Any other valid written request for the attribution of Units, such as a written request to switch an investment from the Units of one Fund to the Units of another Fund is processed in the same way.

The Company will provide to you the following information at least once per calendar year:

• The number of Units in each Fund which is attributed to this Contract, the value of the Units in the Funds to which your Deposits are allocated and the number of Units surrendered from this Contract;

• The current Management Fees as a percentage of the net assets of the Funds and other expenses;

• The MER;

• The Guarantee chosen by you under this Contract;

• The amount, if any, allocated under this Contract to a Fund or Funds during the statement period; and

• The overall rate of return of each Fund in several formats.

The current Management Fees, the MER and the overall rate of return for each Fund are included in the financial statements. You can request the audited annual financial statements as well as the unaudited semi-annual financial statements for each Fund from us at 1 Complexe Desjardins, P.O. Box 9000, Montreal, Quebec, H5B 1H5 or by calling 1-888-729-3422. You may also obtain both the annual and semi-annual financial statements from our website at desjardinslifeinsurance.com.

Please refer to the provisions under the section titled “Value of the Funds and the Units” in this document.

The value of the Units in a Fund attributed to this Contract will fluctuate with the market value of the assets in the Fund and, therefore, cannot be guaranteed, other than as described in the “Guarantees” section.

Fund Switch Privilege

Within the same Fee Option, Series and Guarantee, you have the right to switch the value of all or part of the Units attributed to this Contract from one Fund to another Fund, free of any charge or fee and without affecting your guarantees or your annual waiver of surrender charges applicable to Units under Fee Option B or Fee Option C. We reserve the right to limit the number of switches made to four (4) per calendar year.

The Company reserves the right to restrict one or more Fund(s) under any or all of the Guarantees, with or without prior Notification. Should we decide to restrict one or more Fund(s) for a particular Guarantee, the Company will not allow any switches into the restricted Fund or Funds and you may not allocate further Deposits to the restricted Fund or Funds after the date of the restriction.

The value of the switch is determined using the net asset value per Unit as at the next valuation of the Units following written notification to the Company of your switch request. A switch is achieved by withdrawing Units attributed to this Contract in the Fund from which the switch is to be made and using the value calculated by us for the purpose of attributing to this Contract Units of the Fund to which the switch is to be made.

Please refer to the sections titled “Value of this Contract”, and “Value of the Funds and the Units” which explain in detail the valuation of Units attributed to or surrendered from this Contract when a switch is made.

In the case of partial switches, the amount switched must be at least $500 and the exercise of the switch privilege is subject to your keeping at least a $500 value of the Units in each Fee Option of each Fund selected by you, from which amounts are to be surrendered or to which Deposits are to be allocated. If less than the specified minimum balance of Units would otherwise remain in any Fund, then all Units in that Fund must be switched as per our Administrative Rules in effect at that time.

http://www.desjardinslifeinsurance.com


Minimum Maturity Benefit Amount Before the Surrender

X ( 1 –Surrender

Market Value of the Units attributed to this Contract Before the Surrender )

Minimum Death Benefit Amount Before the Surrender

X ( 1 –Surrender

Market Value of the Units attributed to this Contract Before the Surrender )

GLWB Bonus Base or GLWB Protected Value Before the GLWB Excess Withdrawal

X ( 1 –GLWB Excess Withdrawal

Market Value of the Units attributed to this Contract before the GLWB Excess Withdrawal )

If you ask to switch the value of the Units attributed to this Contract from one Fund available under Helios2 – 100/100 i or Helios2 – 75/100 GLWB to another Fund that is not available under Helios2 – 100/100 i or Helios2 – 75/100 GLWB, this switch request will not be accepted by the Company.

In the event of a switch of the value of the Units attributed to this Contract from one Fund to another Fund, the Owner may also realize a capital gain or a capital loss upon disposition of that interest. Please refer to the section titled “Income Allocations for Tax Purposes” in this document. In all cases, the Company shall not be held responsible for any unwanted tax consequences by the Owner(s) or the Beneficiary(ies) resulting from a switch of Units.

The value of the Units surrendered from a Fund as a result of a switch will fluctuate with the market value of the assets in the Fund and, therefore cannot be guaranteed, other than as described in the “Guarantees” section.

For the Maturity Benefit, a total or partial surrender will reduce the guarantee in proportion to the market value of the Units surrendered and the Minimum Maturity Benefit Amount will be recalculated using the following formula:

For the Death Benefit, a total or partial surrender will reduce the guarantee in proportion to the market value of the Units surrendered and the Minimum Death Benefit Amount will be recalculated using the following formula:

You may find more information about the manner this will be done and examples in the section titled “Guarantees”.

For Helios2 – 75/100 GLWB, if you make a total or partial surrender in excess of the GLWB Maximum Amount (as defined in the “Guarantees” section) called a GLWB Excess Withdrawal (as defined in the “Guarantees” section), this will reduce your GLWB Protected Value (as defined in the “Guarantees” section) and your GLWB Bonus Base (as defined in the “Guarantees” section) in proportion to the market value of the Units attributed to this Contract which are surrendered using the following formula:

Surrenders and Withdrawals

General InformationYou may make total or partial surrenders of this Contract at any time by surrendering the value of the Units attributed to this Contract. In the case of partial surrenders, you must direct from which Fee Option and Funds the value of the Units attributed to this Contract are to be surrendered. We will first surrender the Units that were first attributed to the Fee Option and Fund of this Contract from which you are requesting the surrender. The value of the Units surrendered from this Contract upon total or partial surrender will be calculated at the next valuation of the Units of a particular Fund following your request for a total or partial surrender, according to the provisions of this Contract. Please refer to the section titled “Value of the Funds and the Units”.

A total or partial surrender will affect the Guaranteed Amounts under this Contract. It will reduce the Guaranteed Amounts in proportion to the market value of the Units surrendered from this Contract.

You may find more information about the manner this will be done in the section titled “Guarantees”.


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If you make a total or partial surrender of this Contract, you may also realize a capital gain or a capital loss upon the disposition of that interest. More information about this can be found in the section titled “Income Allocations for Tax Purposes” in this document.

A description of the charges applicable at the time of total or partial surrender of this Contract can be found in the section titled “Charges and Fees”.

The value of the Units in a Fund attributed to this Contract to be surrendered in the event of a total or partial surrender of this Contract will fluctuate with the market value of the assets in the Fund and therefore, cannot be guaranteed, other than as described in the “Guarantees” section.

To request a total or partial surrender of this Contract, you must send us written notification and if applicable, this notification must also be signed by your irrevocable Beneficiary.

Limitations on SurrendersAccording to our Administrative Rules, we will only process requests that are properly authorized and which clearly state what should be redeemed. Otherwise the request will be returned to your distributor unprocessed.

A partial surrender of the Contract cannot be less than $500. Following a partial surrender of your Contract, the value of the remaining Units attributed to your Contract must be at least $1,000. This value will be determined at the Valuation Date that follows your request for a partial surrender. The Company reserves the right to terminate any Contract that does not meet the above requirement.

In the case of Helios2 – 75/100 GLWB, following a partial surrender of your Contract you must maintain a GLWB Protected Value (as defined in the “Guarantees” section) of at least $10,000. The Company reserves the right to terminate any Contract that does not meet the above requirement.

A total surrender terminates this Contract.

We may decide to suspend the surrender rights at our sole discretion for any period when normal trading is suspended on any stock exchange in or outside Canada where securities in the investment portfolio of a Fund are traded. We will not accept any application of the purchase of this Contract, or a Deposit to this Contract during this period.

At our sole discretion, we may also suspend these surrender rights when the manager of an underlying fund has suspended redemption rights or placed any restriction on the fund that affect the Company’s ability to convert our units in the underlying fund to cash. Any requests received by the Company during the period when surrender rights have been suspended will be returned to your distributor unprocessed and you must make a new request or ask your distributor or representative to resubmit your original request once the Company decides to lift the suspension.

Systematic Withdrawal Program (including RRIFs)You may arrange for a regular withdrawal to your account at a financial institution. This withdrawal must equal at least $50 or more derived from the value of the Units surrendered from the Fee Option in each Fund to which your Deposits are allocated. You may select withdrawals either on a monthly or other basis approved by the Company. The Company will surrender a sufficient number of Units to provide you with the withdrawal amount you selected according to our Administrative Rules in effect. The Company will also deduct any applicable surrender charges, if the Units are surrendered from the Fee Option B or Fee Option C and the balance will be electronically transferred to your account with a financial institution. You may suspend or stop withdrawals at any time.

If the value of the surrendered Units is more than the income and net capital appreciation applicable to the Units attributed to this Contract, this will over time result in the total depletion of the value of this Contract and Guarantees.

The value of the Units surrendered from this Contract under this program is determined in accordance with the provisions under the sections titled “Surrenders and Withdrawals” and “Charges and Fees”.

The value of the Units surrendered from a Fund as a result of a withdrawal will fluctuate with the market value of the assets in the Fund and, therefore, cannot be guaranteed, other than as described in the “Guarantees” section.

Short-term Trading Fees

Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a fee of 2% of the transaction amount, in addition to any applicable charges.

The Company also reserves the right to refuse to process this request.

Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect, including but not limited to switches, transfers or partial surrenders of Units.

Compensation Paid

The Company pays a varying amount of compensation to the distributor with whom your representative has an agreement. The compensation amount is based on the amount of your Deposit(s) to this Contract, and the Fee Option you select as well as the overall value of this Contract throughout the calendar year. It is important that you discuss the compensation your representative will receive before you decide on a Fee Option.


Charges and Fees

(A) Charges to the OwnerThe charges which currently apply to this Contract issued under the Plan and which are payable by the Owner are set out in the following section. The Company reserves the right, upon giving the Owner at least 60 days advance Notice, to increase the amount or rate of these charges or to add new charges. If you receive such a Notice, you will have the same rights under this Contract as described in the section “Fundamental Changes”.

At the Time of Surrender

In the event of a total or partial surrender of the Contract for any reason, we will first withdraw the Units that were first attributed to the particular Fee Option of the Contract from which you are requesting the surrender.

There are 3 Fee Options under this Contract. Each Fee Option will be described below. The Fee Options are identical, regardless of the Series.

Fee Option A

No surrender charges will apply if you decide to make a partial or total surrender of any Units of any Fund attributed to your Contract, regardless of the amount of time since the Units were first attributed to this Contract.

Fee Option B

If you surrender Units under Fee Option B, you may have to pay surrender charges as listed below, depending on the amount of time since the Units were first attributed to this Contract.

Fee Option B Charge*

During the 1st calendar year 3.0%

During the 2nd calendar year 2.5%

During the 3rd calendar year 2.0%

Thereafter 0.0%

* Based upon the net asset value per Unit as at the time of surrender in respect of the Units which are surrendered.

Fee Option C

If you surrender Units under Fee Option C, you may have to pay surrender charges as listed below, depending on the amount of time since the Units were first attributed to this Contract.

Fee Option C Charge*

During the 1st calendar year 5.5%

During the 2nd calendar year 5.0%

During the 3rd calendar year 5.0%

During the 4th calendar year 4.0%




Thereafter 0.0%

* Based upon the net asset value per Unit as at the time of surrender in respect of the Units which are surrendered.

The Company reserves the right in its absolute discretion to increase the applicable surrender charges under Fee Option B or Fee Option C for future Deposits. In this case, the Company will provide Notification.

WAIVER OF SURRENDER CHARGES APPLICABLE TO UNITS UNDER FEE OPTION B OR FEE OPTION C

Charges which may be otherwise payable are waived for surrenders of Units under Fee Option B or Fee Option C made during the calendar year up to a non-cumulative maximum each year of 12% of the value of the Units in each Fund attributed to this Contract which are still exposed to surrender charges (as calculated at the Cut-Off Time on the last Market Day in the immediately preceding calendar year). During the calendar year, this non-cumulative maximum will be adjusted to reflect a Deposit made at any point in time, such adjustment to be made in proportion to the number of months between the date of the Deposit and the end of the calendar year.

MONTHLY FEES FOR A SELECTED GUARANTEE

You must select one of the four Guarantees available under this Contract. Please refer to the section titled “Guarantees” for more details. If you select Helios2 – 75/75, no additional guarantee fee will be charged since it is already included in the MER. However, if you select either Helios2 – 75/100 i or Helios2 – 100/100 i or Helios2 – 75/100 GLWB, Units will be surrendered monthly from this Contract to pay the additional Guarantee fees applicable.

The additional monthly guarantee fee for Helios2 – 75/100 i or Helios2 – 100/100 i will be calculated as a percentage of the market value of each Fund attributed to this Contract as of the Cut-Off Time of the last Market Day of each month.

The additional monthly guarantee fee for Helios2 – 75/100 GLWB will be calculated as a percentage of the GLWB Protected Value (as defined in the “Guarantees” section) assigned to each Fund attributed to this Contract using the following formula:

MVFund x PV x GLWB feeFund

12 x MV


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Where,

“GLWB feeFund” is the additional guarantee fee for a given Fund under Helios2 – 75/100 GLWB;

“MV” is the total market value of the Units attributed to this Contract as of the Cut-Off Time of the last Market Day of the month;

“MVFund” is the market value of the Units attributed to this Contract of a given Fund as of the Cut-Off Time of the last Market Day of the month;

“PV” is the GLWB Protected Value of the Contract as of the Cut-Off Time of the last Market Day of the month, and;

For example, if your GLWB Protected Value is equal to $100,000 and the market value of your Units is $120,000; $30,000 in Fund A with an additional guarantee fee for Helios2 – 75/100 GLWB of 1.2% and $90,000 in Fund B with an additional guarantee fee for Helios2 – 75/100 GLWB of 0.8%, for the current month, the additional guarantee fee will be:

(A) $25 for Fund A [($30,000 x $100,000 x 1.2%) / (12 x $120,000)], and;

(B) $50 for Fund B [($90,000 x $100,000 x 0.8%) / (12 x $120,000)].

Any amount surrendered to pay for the additional guarantee fees will not affect the Guaranteed Amounts, nor if you selected Helios2 – 75/100 GLWB, the GLWB Protected Value (as defined in the “Guarantees” section) or the GLWB Bonus Base (as defined in the “Guarantees” section), nor will it be used to reduce the amount of free surrenders available to you within the calendar year. Furthermore, under Helios2 – 75/100 GLWB, the amount surrendered will not be taken into consideration in the calculation of your GLWB Eligible Withdrawal. Please refer to the “Guarantees” section for further information.

The Guarantee fees can be increased at the Company’s discretion. If the Company raises the total cost of the Guarantee fees paid by you and the Fund above the greater of 0.5% per calendar year and 50% of the total current Guarantee fee, you will be given 60 days advance Notice. You will also have the right to surrender the Fund(s) as described in the section “Fundamental Changes”.

For the monthly additional Guarantee fee, Units are surrendered according to the Administrative Rules of the Company, prior to any other transaction being processed, on the last Market Day of the month.

(B) Charges to the FundsAll the charges described in this section, which are levied against a Fund in each case, shall be calculated and accrued on a daily basis and shall be paid monthly from the net assets of the Fund. The Company hereby reserves the right in its absolute discretion, without giving Notice, to change from time to time the frequency with which such charges are calculated and deducted without adjusting the timing of the net asset value calculation.

Amounts recovered in respect of charges are paid to the general funds of the Company. Charges and other expenses deducted from a Fund will reduce the market value of the assets of the Fund and, consequently, will reduce the net asset value per Unit of the Fund.

MANAGEMENT FEES

The Company charges Management Fees which are based on a percentage of the assets in each Fund.

The Management Fee is calculated and accrued on a daily basis and is paid monthly. The calculation of the day’s Management Fee is:

net asset value of the Units in each Fund X

annual percentages listed in the table on page 20-21365

Management Fees vary from Fund to Fund.

The Management Fees include all management fees charged by the Company and by the underlying fund, where applicable. There is no duplication of fees charged by the Company.

MER (MANAGEMENT EXPENSE RATIO)

In addition to the Management Fees described above, each Fund is responsible for all applicable taxes relating to its operations. A charge is also applied to each Fund for all operating and administrative expenses relating to the Fund. These include, but not limited to:

• legal, audit and custodial fees;

• bank service charges;

• interest charges;

• operating and administrative costs;

• costs related to the establishment, administration and maintenance of Contracts;

• costs of financial and other reports and disclosure documents required to comply with laws regulating the sale of annuity contracts;

• costs of protecting the assets of the Fund and enforcing all legal rights related thereto; and

• all other expenses incurred in the ordinary course of business relating to the management and operation of the Fund.


The sum of the Management Fees, applicable taxes, the cost of providing your selected Guarantee that is not included in the additional Guarantee fee and the cost of operating and administrative expenses, expressed as an annual percentage is referred to as the MER. The MER does not include any fees and charges paid directly by the Owner.

The following tables shows the current Management Fee and the current MER for each Fund and the current guarantee fee for all Guarantees. All figures are presented on an annual basis and include any fees and expenses charged by the underlying funds where applicable. Where, from time to time, a Fund holds any part of its assets in exchange traded funds, index participation units or similar securities, as discussed in the section “Investment Policies for All Funds”, any expenses for such securities, and which are included in the market price of such securities are not included in the Management Expense Ratio (MER) of the principal Fund.

Fund NameSeries 6 –

MER

Series 6 – Management

FeeSeries 8 –

MER


Fee

Current Helios2 – 75/75 fee (included in

the MER)

Current Helios2 – 75/100 i

additional guarantee fee



Current Helios2 –

75/100 GLWB additional

guarantee fee

INVESTMENT SOLUTIONS

DFS GIF – Conservative 2.46% 1.95% 2.14% 1.65% 0.05% 0.50% 0.50% 0.80%

DFS GIF – Moderate 2.50% 2.00% 2.19% 1.70% 0.05% 0.55% 0.55% 0.90%

DFS GIF – Balanced 2.56% 2.00% 2.25% 1.70% 0.10% 0.70% 0.70% 0.90%

DFS GIF – Growth 2.58% 2.05% 2.31% 1.75% 0.10% 0.70% 0.90% 1.15%

DFS GIF – Maximum Growth 2.70% 2.05% 2.36% 1.75% 0.15% 0.70% 1.20% n/a

RESPONSIBLE INVESTMENT PORTFOLIOSDFS GIF – Conservative – Desjardins SocieTerra 2.64% 2.10% 2.31% 1.80% 0.05% 0.50% 0.75% 0.80%

DFS GIF – Balanced – Desjardins SocieTerra 2.68% 2.15% 2.42% 1.85% 0.10% 0.65% 0.80% 1.10%

DFS GIF – Growth – Desjardins SocieTerra 2.81% 2.20% 2.48% 1.90% 0.10% 0.70% 1.00% 1.20%

DFS GIF – Maximum Growth – Desjardins SocieTerra 2.98% 2.30% 2.64% 2.00% 0.15% 0.75% 1.20% n/a

INDIVIDUAL FUNDS

Income

DFS GIF – Money Market 1.13% 0.80% 0.79% 0.50% 0.00% 0.25% 0.25% 0.25%

DFS GIF – Income – Fiera Capital 1.77% 1.35% 1.46% 1.05% 0.05% 0.35% 0.35% 0.45%

DFS GIF – Canadian Bond 1.80% 1.35% 1.46% 1.05% 0.05% 0.35% 0.35% 0.45%

Balanced and Asset AllocationDFS GIF – Diversified Income – Franklin Quotential 2.71% 2.20% 2.42% 1.90% 0.05% 0.65% n/a 0.90%

DFS GIF – Balanced Income – Franklin Quotential 2.75% 2.15% 2.42% 1.85% 0.10% 0.65% n/a 0.95%

DFS GIF – Canadian Balanced – Fidelity 2.81% 2.20% 2.48% 1.90% 0.10% 0.70% n/a n/a


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Fund NameSeries 6 –

MER


FeeSeries 8 –

MER


Fee

Current Helios2 – 75/75 fee (included in

the MER)



CurrentHelios2 –100/100 i

additionalguarantee fee

CurrentHelios2 –

75/100 GLWBadditional

guarantee fee

INDIVIDUAL FUNDS (CONT.)

Balanced and Asset AllocationDFS GIF – U.S. Monthly Income – Fidelity 2.88% 2.30% 2.59% 2.00% 0.10% 0.70% 0.90% n/a

DFS GIF – Global Balanced – Jarislowsky Fraser 2.68% 2.10% 2.36% 1.80% 0.10% 0.65% 0.90% 1.10%

DFS GIF – Canadian Balanced – Fiera Capital 2.57% 2.00% 2.25% 1.70% 0.10% 0.65% 1.00% 1.15%

DFS GIF – Canadian Balanced – Franklin Bissett 2.61% 2.00% 2.31% 1.70% 0.15% 0.60% 1.00% 1.10%

DFS GIF – Balanced Growth – Franklin Quotential 2.78% 2.15% 2.48% 1.85% 0.15% 0.65% n/a 1.20%

DFS GIF – Canadian Balanced – CI Signature 2.78% 2.15% 2.48% 1.85% 0.15% 0.70% 1.00% 1.35%

DFS GIF – Income and Growth – CI Signature 2.90% 2.20% 2.59% 1.90% 0.20% 0.70% 1.20% 1.40%

DFS GIF – Growth and Income – NEI Northwest 2.83% 2.20% 2.53% 1.90% 0.15% 0.70% 1.20% 1.35%

DFS GIF – Global Growth – NEI Select 3.00% 2.30% 2.70% 2.00% 0.20% 0.75% 1.20% 1.45%

DFS GIF – Canadian Asset Allocation – CI Cambridge 2.71% 2.05% 2.42% 1.75% 0.20% 0.70% 1.20% n/a

DFS GIF – Growth – Franklin Quotential 2.89% 2.20% 2.59% 1.90% 0.20% 0.70% n/a n/a

Canadian EquityDFS GIF – Dividend Income – Franklin Bissett 2.71% 2.15% 2.42% 1.85% 0.10% 0.70% 1.20% n/a

DFS GIF – Canadian Dividend – NEI Northwest 2.87% 2.15% 2.53% 1.85% 0.20% 0.70% 1.20% n/a

DFS GIF – Canadian Equity – Jarislowsky Fraser 2.82% 2.10% 2.53% 1.80% 0.25% 0.85% 1.20% n/a

DFS GIF – Canadian Equity – Fidelity True North® 3.04% 2.25% 2.70% 1.95% 0.25% 0.85% 1.20% n/a

DFS GIF – Canadian Equity – Franklin Bissett 2.80% 2.10% 2.53% 1.80% 0.25% 0.80% 1.20% n/a

DFS GIF – Specialty Equity – NEI Northwest 3.23% 2.40% 2.87% 2.10% 0.25% 0.80% n/a n/a

DFS GIF – Small Cap – Franklin Bissett 3.14% 2.40% 2.87% 2.10% 0.25% 0.80% n/a n/a

Foreign Equity

DFS GIF – American Equity – MFS 2.90% 2.15% 2.59% 1.85% 0.25% 0.75% 1.20% n/aDFS GIF – American Equity Value – Desjardins 2.84% 2.10% 2.53% 1.80% 0.25% 0.80% 1.20% n/a

DFS GIF – Global Dividend – Desjardins 2.89% 2.20% 2.59% 1.90% 0.20% 0.75% 1.20% n/a

DFS GIF – Global Equity – MFS 2.94% 2.25% 2.64% 1.95% 0.20% 0.80% 1.20% n/a

DFS GIF – International Equity – MFS 3.00% 2.25% 2.70% 1.95% 0.25% 0.80% 1.20% n/aDFS GIF – International Equity Growth – Desjardins 2.94% 2.20% 2.64% 1.90% 0.25% 0.80% 1.20% n/a

® Fidelity True North is a registered trademark of FMR Corp.


Guarantees

The value of this Contract is not guaranteed except as described in this section.

The Company reserves the right in its absolute discretion to add a new Guarantee and to make changes to or close an existing Guarantee. The Company will provide Notice of such a change. If the Company has received written notification and applied your selection of an existing Guarantee to this Contract at the time that Notice is mailed, you will not lose any of the guaranteed benefits associated with that Guarantee; however the Company may restrict your right to make subsequent Deposits to this Contract.

When your Contract comes into force, you must choose one of the four Guarantees available under this Contract.

Please refer to the section titled “Charges and Fees” for further information about the costs associated with each Guarantee. For each of the Guarantees described below, the Company may require proof of age of the Annuitant.

You may choose to change the Guarantee previously selected; however, you may only make this change once per calendar year. Please refer to the section “Change of Guarantees” for a detailed explanation.

Change of Guarantees

The Owner must select one of the four Guarantees available under this Contract. The Owner may change the Guarantee of their Contract, once per calendar year, by submitting written notification, unless such a change would result in the new Guaranteed Amount being less than 75% of the sum of Deposits adjusted for withdrawals. The Contract must satisfy all Deposit requirements of the Guarantee selected.

The change will take place as of the Cut-Off Time on the Market Day following receipt of the Notification by the Company, according to its Administrative Rules. If Helios2 – 75/100 i, Helios2 – 100/100 i or Helios2 – 75/100 GLWB have been selected, the additional guarantee fee will be redeemed as Units after the Cut-Off Time of the last Market Day of the month based on our Administrative Rules. Please refer to the section “Charges and Fees” for further details. Once a Guarantee has been changed, no other changes to the Guarantee will be allowed for the remainder of the calendar year.

When the Guarantee is changed, the amount of the Deposit and the Guaranteed Amount of the Contract will be reset. The value of the Units attributed to the Contract, as at the Cut-Off Time on the Market Day that Notification is received, becomes the new Deposit amount. The Market Day that Notification is received becomes the new Valuation Date of the first Deposit and therefore the new Contract Anniversary Date. If Helios2 – 100/100 i has been selected, a Maturity Date will be set using the new Valuation Date of the first

Deposit as the initial Deposit Date. If Helios2 – 75/100 GLWB has been selected, a GWLB Bonus Base and a GLWB Protected Value will be set as of the new Deposit amount.

For further explanation, please refer to the sections titled “Value of this Contract” and “Value of the Funds and the Units”.

If you decide to change your Guarantee, this change will not affect the Series that you have selected. It will also not affect the Fee Option(s) that you have selected. However, if the Funds you selected are not available under the replacement Guarantee, you will not be able to make such change. The change of Guarantee will not occur until Notification has been received advising us of the new allocation of the Funds you wish to select that are available with the Guarantee selected.

The Company treats your decision to change the Guarantee as irrevocable once we receive your Notification. For each of the Guarantees described below, the Company may require proof of age of the Annuitant.

Helios2 – 75/75

LIMITATIONS ON DEPOSITS FOR HELIOS2 – 75/75

The limitations on Deposits for Helios2 – 75/75 are described below:

Deposit Requirements

Series 6 Series 8

Maximum Annuitant Age90 for Fee Option A80 for Fee Option B80 for Fee Option C

Minimum Initial Deposit or

Minimum Pre-Authorized Debit (PAD) Agreement

per month

$1,000

$50

RRIF and locked-in Contract $10,000

Additional Deposit

Minimum Lump Sum Amount

or Minimum PAD

per month

$500

$50

Minimum Total Market ValueMarket value of the

units attributed to your individual variable

insurance contracts with the Company (Helios2

Contract and all Contracts previously offered by the

Company only)

N/A $250,000


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If you set up a PAD agreement, the initial minimum Deposit amounts will be waived temporarily on the condition that the initial minimum Deposit amounts are met within a period of no greater than 24 months from the time your Contract comes into force.

The Company will monitor all PAD agreements which fail to meet the initial minimum Deposit at the time the Contract comes into force to ensure that these contracts meet the initial minimum Deposit amounts stipulated within the 24 month period. The Company reserves the right to terminate your PAD agreement and your Contract and return all monies previously allocated if this requirement is not met.

MATURITY BENEFIT

On the day the Annuitant attains age 105, your Maturity Benefit under Helios2 – 75/75 will be the greater of:

(A) the market value of the Units attributed to this Contract as calculated at the next valuation of the Units following the day the Annuitant attains age 105. The calculation will be made in accordance with the provisions in the sections “Value of the Funds and the Units” and “Value of this Contract”; or

(B) the Minimum Maturity Benefit Amount.

The Minimum Maturity Benefit Amount is equivalent to 75% of every Deposit. However, each time you make a surrender, it will reduce the guarantee in proportion to the market value of the Units surrendered. The Minimum Maturity Benefit Amount will be recalculated using the following formula:

Minimum Maturity Benefit Amount

Before the Surrender

X ( 1 –

Surrender

Market Value of the Units Attributed to this

Contract Before the Surrender

)

The value of this Contract is not guaranteed and will fluctuate with the market value of the assets in the Fund or Funds in respect of which Units are attributed to this Contract from time to time. The only guarantees are those described in the “Guarantees” section.

DEATH BENEFIT

On the death of the Annuitant, the Company guarantees that the Death Benefit payable in accordance with the designation of Beneficiary will be the greater of:

(A) the market value of the Units attributed to this Contract as calculated at the next valuation of the Units following receipt of written notification of the Annuitant’s death. The calculation will be made in accordance with the provisions in the sections “Value of the Funds and the Units” and “Value of this Contract”; or

(B) the Minimum Death Benefit Amount.

The Minimum Death Benefit Amount is equivalent to 75% of every Deposit. However, each time you make a surrender, it will reduce the guarantee in proportion to the market value of the Units surrendered. The Minimum Death Benefit Amount will be recalculated using the following formula:

Minimum Death Benefit Amount


X ( 1 –

Surrender

Market Value of the Units attributed to this

Contract Before the Surrender

)

EXAMPLE OF THE CALCULATION OF THE MINIMUM MATURITY BENEFIT AMOUNT AND MINIMUM DEATH BENEFIT AMOUNT FOR HELIOS2 – 75/75 AND THE IMPACT OF DEPOSITS AND SURRENDERS

Date Transaction Amount

Market Value before Transaction

Market Value after Transaction

Minimum Maturity Benefit

Amountafter Transaction


after Transaction

2017-10-01 Contract opening – Initial Deposit to Helios2 – 75/75 $100,000 $0 $100,000 $75,000 $75,000

2018-10-01 Additional Deposit $20,000 $102,000 $122,000 $90,000 $90,000

2019-10-01 Surrender $13,000 $130,000 $117,000 $81,000* $81,000*

*Proportional reduction = $90,000 x (1-$13,000 /$130,000) = $81,000


Payment of the Death Benefit will terminate this Contract.


Helios2 – 75/100 i

Where “i” stands for inflation protection.

Helios2 – 75/100 i is available for an additional charge that will be redeemed as Units on the last business day of each month, according to our Administrative Rules. Please refer to the section “Charges and Fees” for a description of the additional guarantee fee applicable for this Guarantee and the section “Income Allocations for Tax Purposes” for further details on any potential tax consequences.

LIMITATIONS ON DEPOSITS FOR HELIOS2 – 75/100 i

The limitations on Deposits for Helios2 – 75/100 i are described as follows:


Series 6 Series 8

Maximum Annuitant Age 80Minimum Initial Deposit

or Minimum Pre-Authorized Debit (PAD) Agreement

per month

$1,000

$50


Additional Deposit


or Minimum PAD

per month

$500

$50





Company only)

N/A $250,000



MATURITY BENEFIT

On the day the Annuitant attains age 105, your Maturity Benefit under Helios2 – 75/100 i will be the greater of:



The Minimum Maturity Benefit Amount is equivalent to 75% of every Deposit. However, each time you make a surrender, it will reduce the guarantee in proportion to the market value of the Units surrendered. The Minimum Maturity Benefit Amount will be recalculated using the following formula:



X ( 1 –

Surrender

Market Value of the Units attributed

to this Contract Before the Surrender

)


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EXAMPLE OF THE EFFECT OF DEPOSITS AND SURRENDERS FOR HELIOS2 – 75/100 i ON THE MINIMUM MATURITY BENEFIT AMOUNT





after Transaction

2017-10-01 Contract opening – Initial Deposit to Helios2 – 75/100 i $100,000 $0 $100,000 $75,000

2018-10-01 Additional Deposit $20,000 $102,000 $122,000 $90,000

2019-10-01 Surrender $13,000 $130,000 $117,000 $81,000*

*Proportional reduction = $90,000 x (1-$13,000 /$130,000) = $81,000


DEATH BENEFIT




The Minimum Death Benefit Amount will also be adjusted on each Contract Anniversary Date until the Annuitant attains age 75. In such a case, the Minimum Death Benefit Amount will be set equal to the greater of:

(A) the current Minimum Death Benefit Amount; or

(B) the market value of the Units attributed to this Contract as calculated at the next valuation of the Units following the Contract Anniversary Date; or

(C) the inflation adjusted value described in the next section.

The Minimum Death Benefit Amount is equivalent to 100% of every Deposit. However, each time you make a surrender, it will reduce the guarantee, in proportion to the market value of the Units attributed to this Contract surrendered. The Minimum Death Benefit Amount will be recalculated using the following formula:



X ( 1 –

Surrender



)DESCRIPTION OF THE INFLATION ADJUSTED VALUE

The inflation adjusted value tracks the value of your Deposit adjusted for inflation. The inflation adjusted value is equivalent to 100% of every Deposit.

The inflation adjusted value will also be adjusted each Contract Anniversary Date until the Annuitant attains age 75. In such a case, the inflation adjusted value of the Deposits will be multiplied by (1 + Inflation Rate).

However, a total or partial surrender will reduce the inflation adjusted value in proportion to the market value of the Units surrendered. The inflation adjusted value will be recalculated using the following formula:

Inflation Adjusted Value Before the Surrender

X ( 1 –

Surrender



)


EXAMPLE OF THE EFFECT OF DEPOSITS ON THE INFLATION ADJUSTED VALUE FOR HELIOS2 – 75/100 i AND THE MINIMUM DEATH BENEFIT AMOUNT

Date

Age of the

Annuitant Transaction Amount



Inflation Rate

Inflation Adjusted Value

after Transaction


after Transaction

2017-10-01 72 Initial Deposit to Helios2 – 75/100 i $100,000 $0 $100,000 n/a $100,000 $100,000

2018-02-01 73 Deposit $10,000 $101,000 $111,000 n/a $110,000 $110,000

2018-10-01 73 Contract Anniversary $0 $105,000 $105,000 3%* $113,300 $113,300

2019-06-01 74 Deposit $30,000 $107,000 $137,000 n/a $143,300 $143,300


2020-10-01 75 Contract Anniversary $0 $142,000 $142,000 2%* $144,733** $145,000**

* Calculated using the Inflation Rate.** No adjustment to the Minimum Death Benefit Amount and inflation adjusted value since the Annuitant is 75 years of age.

EXAMPLE OF THE EFFECT OF PROPORTIONAL WITHDRAWALS FOR HELIOS2 – 75/100 i AND THE MINIMUM DEATH BENEFIT AMOUNT AND THE INFLATION ADJUSTED VALUE

Date

Age of the




Inflation Rate


after Transaction


after Transaction

2017-10-01 72 Initial Deposit to Helios2 – 75/100 i $100,000 $0 $100,000 n/a $100,000 $100,000

2018-02-01 73 Surrender $11,000 $110,000 $99,000 n/a $90,000** $90,000**


2019-06-01 74 Surrender $30,000 $90,000 $60,000 n/a $61,800*** $61,800***

* Calculated using the Inflation Rate.** Proportional reduction = $100,000 x (1-$11,000 /$110,000) = $90,000

*** Proportional reduction = $92,700 x (1-$30,000 /$90,000) = $61,800



Helios2 – 100/100 i

Where "i" stands for inflation protection.

Helios2 – 100/100 i is available for an additional charge that will be redeemed as Units on the last business day of each month, according to our Administrative Rules. Please refer to the section “Charges and Fees” for a description of the additional guarantee fee applicable for this Guarantee and the section “Income Allocations for Tax Purposes” for further details on any potential tax consequences.

Only a selection of our Funds is offered with this Guarantee. For more information, please see the “List of Funds” section of this document.


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The Company reserves the right in its absolute discretion to change the Funds available under this Guarantee at any time without providing Notice. The Company also reserves the right to restrict the Funds available under this Guarantee at any time. The Company further reserves the right in its absolute discretion to impose additional requirements under this Guarantee, including but not limited to, changing the composition of the Funds available under this Guarantee. Once we restrict a Fund previously available under this Guarantee, we will no longer allow any switches into the restricted Fund and you may not allocate Deposits to the restricted Fund after the date of the restriction.

If you have previously allocated Deposits to a now restricted Fund, the value of the Units may be temporarily switched to a Fund that the Company identifies from time to time under its Administrative Rules as eligible under Helios2 – 100/100 i until we have received your new investment instructions. However if a temporary switch occurs, the Company will provide advance Notice of this Change.

LIMITATIONS ON DEPOSITS FOR HELIOS2 – 100/100 i

The limitations on Deposits for Helios2 – 100/100 i are described below:


Series 6 Series 8



per month

$1,000

$50


Additional Deposit


or Minimum PAD

per month

$500

$50





Company only)

N/A $250,000



MATURITY BENEFIT

The Maturity Date is equal to the later of 15 years after the initial Deposit; or 15 years after any previous reset of the Minimum Maturity Benefit Amount.

On the Maturity Date or the day the Annuitant attains age 105, whichever comes first, your Maturity Benefit under Helios2 – 100/100 i will be the greater of:

(A) the market value of the Units attributed to this Contract as calculated at the next valuation of the Units following the Maturity Date or the day the Annuitant attains age 105, whichever comes first. The calculation will be made in accordance with the provisions in the sections “Value of the Funds and the Units” and “Value of this Contract”; or


On the Maturity Date, if the market value is less than the Minimum Maturity Benefit Amount, Units will be added so that the market value equals the Maturity Benefit of your Contract. Units will be pro-rated in the same proportion as the Units in your Contract, prior to the Deposit. Adding these Units does not affect the Guaranteed Amounts nor does it count as a Deposit for the purposes of calculating the Guaranteed Amounts.

On the day the Annuitant attains age 105 upon payment of the Maturity Benefit, the Contract will terminate.

The Minimum Maturity Benefit Amount is equivalent to the sum of:

(A) 100% of the Deposit, at the date of the initial Deposit and 100% of the Deposits made in the one year period following the initial Deposit or in the one year period following a reset of the Minimum Maturity Benefit Amount; and

(B) 75% of every Deposit made in the following years.

However, each time you make a surrender, it will reduce the guarantee in proportion to the market value of the Units surrendered. The Minimum Maturity Benefit Amount will be recalculated using the following formula:



X ( 1 –

Surrender



)


EXAMPLE OF THE EFFECT OF PROPORTIONAL WITHDRAWALS FOR HELIOS2 – 100/100 i ON THE MINIMUM MATURITY BENEFIT AMOUNT





after Transaction

2018-10-01 Contract opening – Initial Deposit $100,000 $0 $100,000 $100,000

2019-02-01 Surrender $9,500 $95,000 $85,500 $90,000*

2021-06-01 Surrender $24,000 $120,000 $96,000 $72,000**

* Proportional reduction = $100,000 X (1 - $9,500/$95,000) = $90,000

** Proportional reduction = $90,000 X (1 - $24,000/$120,000) = $72,000

RESET OF THE MINIMUM MATURITY BENEFIT AMOUNT

The reset of the Minimum Maturity Benefit Amount is either automatic at the Maturity Date(s) of the Contract or upon request of the Owner.

The Contract Owner may request a reset of the Minimum Maturity Benefit Amount at any time but no greater than a maximum of twice per calendar year.

By resetting the Minimum Maturity Benefit Amount, the Maturity Date is extended 15 years from the date of the reset.

The effect of resetting the Minimum Maturity Benefit Amount results in the Minimum Maturity Benefit Amount being the greater of:

(A) the market value of the Units attributed to this Contract as calculated at the next valuation of the Units following the day the reset occurs. The calculation will be made in accordance with the provisions in the sections “Value of the Funds and the Units” and “Value of this Contract”; or

(B) the current Minimum Maturity Benefit Amount.

EXAMPLE OF THE EFFECT OF DEPOSITS FOR HELIOS2 -100/100 i ON THE MINIMUM MATURITY BENEFIT AMOUNT





after Transaction

2018-10-01 Contract opening – Initial Deposit $100,000 $0 $100,000 $100,000

2019-02-01 Additional Deposit $10,000 $101,000 $111,000 $110,000*

2020-06-01 Additional Deposit $20,000 $107,000 $127,000 $125,000**

2020-12-01 Reset - $132,000 $132,000 $132,000

2021-06-01 Additional Deposit $20,000 $137,000 $157,000 $152,000***

* Deposit increases the Minimum Maturity Benefit Amount by 100% of the Deposit since it is made within the one year period after the initial Deposit.** Deposit increases the Minimum Maturity Benefit Amount by 75% of the Deposit since it is made after the one year period following the initial Deposit.

*** Deposit increases the Minimum Maturity Benefit Amount by 100% of the Deposit since it is made within the one year period after a reset.


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DEATH BENEFIT




The Minimum Death Benefit Amount will also be adjusted on each Contract Anniversary Date until the Annuitant attains age 75. In such a case, the Minimum Death Benefit Amount will be set equal to the greater of:


(B) the market value of the Units attributed to this Contract as calculated at the next valuation of the Units following the Contract Anniversary Date; or

(C) the inflation adjusted value described in the next section.

The Minimum Death Benefit Amount is equivalent to 100% of every Deposit. However, each time you make a surrender, it will reduce the guarantee, in proportion to the market value of the Units attributed to this Contract surrendered. The Minimum Death Benefit Amount will be recalculated using the following formula:



X ( 1 –

Surrender



)

DESCRIPTION OF THE INFLATION ADJUSTED VALUE

The inflation adjusted value tracks the value of your Deposit adjusted for inflation. The inflation adjusted value is equivalent to 100% of every Deposit.

The inflation adjusted value will also be adjusted each Contract Anniversary Date until the Annuitant attains age 75. In such a case, the inflation adjusted value of the Deposits will be multiplied by (1 + Inflation Rate).

However, a total or partial surrender will reduce the inflation adjusted value in proportion to the market value of the Units attributed to this Contract surrendered. The inflation adjusted value will be recalculated using the following formula:

Inflation Adjusted Value Before the Surrender

X ( 1 –

Surrender



)


EXAMPLE OF THE EFFECT OF DEPOSITS ON THE INFLATION ADJUSTED VALUE FOR HELIOS2 – 100/100 i AND THE MINIMUM DEATH BENEFIT AMOUNT

Date

Age of the




Inflation Rate


after Transaction


after Transaction

2018-10-01 72 Initial Deposit to Helios2 - 100/100 i $100,000 $0 $100,000 n/a $100,000 $100,000

2019-02-01 73 Deposit $10,000 $101,000 $111,000 n/a $110,000 $110,000


2020-06-01 74 Deposit $30,000 $107,000 $137,000 n/a $143,300 $143,300


2021-10-01 75 Contract Anniversary $0 $142,000 $142,000 2%* $144,733** $145,000**

* Calculated using the Inflation Rate.** No adjustment to the Minimum Death Benefit Amount and inflation adjusted value since the Annuitant is 75 years of age.

EXAMPLE OF THE EFFECT OF PROPORTIONAL WITHDRAWALS FOR HELIOS2 – 100/100 i ON THE INFLATION ADJUSTED VALUE AND THE MINIMUM DEATH BENEFIT AMOUNT

Date

Age of the




Inflation Rate


after Transaction


after Transaction

2018-10-01 72 Initial Deposit to Helios2 - 100/100 i $100,000 $0 $100,000 n/a $100,000 $100,000

2019-02-01 73 Surrender $11,000 $110,000 $99,000 n/a $90,000** $90,000**


2020-06-01 74 Surrender $30,000 $90,000 $60,000 n/a $61,800*** $61,800***

* Calculated using the Inflation Rate.** Proportional reduction = $100,000 X (1 - $11,000/$110,000) = $90,000

*** Proportional reduction = $92,700 X (1 - $30,000/$90,000) = $61,800


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List of FundsOnly these Funds are available with Helios2 – 100/100 i.

Investment Solutions:DFS GIF – ConservativeDFS GIF – ModerateDFS GIF – BalancedDFS GIF – GrowthDFS GIF – Maximum Growth

Responsible Investment Portfolios:DFS GIF – Conservative – Desjardins SocieTerraDFS GIF – Balanced – Desjardins SocieTerraDFS GIF – Growth – Desjardins SocieTerraDFS GIF – Maximum Growth – Desjardins SocieTerra

Individual Funds:IncomeDFS GIF – Money MarketDFS GIF – Income – Fiera CapitalDFS GIF – Canadian BondBalanced and Asset AllocationDFS GIF – U.S. Monthly Income – FidelityDFS GIF – Global Balanced – Jarislowsky FraserDFS GIF – Canadian Balanced – Fiera CapitalDFS GIF – Canadian Balanced – Franklin BissettDFS GIF – Canadian Balanced – CI SignatureDFS GIF – Income and Growth – CI SignatureDFS GIF – Growth and Income – NEI NorthwestDFS GIF – Global Growth – NEI SelectDFS GIF – Canadian Asset Allocation – CI CambridgeCanadian EquityDFS GIF – Dividend Income – Franklin BissettDFS GIF – Canadian Dividend – NEI NorthwestDFS GIF – Canadian Equity – Jarislowsky FraserDFS GIF – Canadian Equity – Fidelity True North®

DFS GIF – Canadian Equity – Franklin BissettForeign EquityDFS GIF – American Equity – MFSDFS GIF – American Equity Value – DesjardinsDFS GIF – Global Dividend – DesjardinsDFS GIF – Global Equity – MFSDFS GIF – International Equity – MFSDFS GIF – International Equity Growth – Desjardins




Helios2 – 75/100 GLWB

Where “GLWB” stands for Guaranteed Lifetime Withdrawal Benefit.

Helios2 – 75/100 GLWB is available for additional guarantee fees that will be redeemed as Units on the last business day of each month, according to our Administrative Rules. Please refer to the section “Charges and Fees” for a description of the additional guarantee fee applicable for this Guarantee and the section “Income Allocations for Tax Purposes” for further details on any potential tax consequences.

Only a selection of our Funds is offered with this Guarantee. For more information, please see the list of Funds which follows the “Guaranteed Lifetime Withdrawal Benefit Definitions” section of this document.

This Guarantee offers a Death Benefit and a Maturity Benefit. In addition, this Guarantee protects the Owner against market downturns and permits withdrawals, during the lifetime of the Annuitant, up to a GLWB Maximum Amount per calendar year, regardless of market performance.

The Company reserves the right in its absolute discretion to change the Funds available under this Guarantee at any time without providing Notice. The Company also reserves the right to restrict the Funds available under this Guarantee at any time. The Company further reserves the right in its absolute discretion to impose additional requirements under this Guarantee, including but not limited to, changing the composition of the Funds available under this Guarantee. Once we restrict a Fund previously available under this Guarantee, we will no longer allow any switches into the restricted Fund and you may not allocate Deposits to the restricted Fund after the date of the restriction.

If you have previously allocated Deposits to a now restricted Fund, the value of the Units may be temporarily switched to a Fund that the Company identifies from time to time under its Administrative Rules as eligible under Helios2 – 75/100 GLWB until we have received your new investment instructions. However if a temporary switch occurs, the Company will provide advance Notice of this change.

This Guarantee may not be appropriate for Owners of LIF Contracts or other similarly locked-in Contracts. Please read the following section carefully before deciding to select this Guarantee.


LIMITATIONS ON DEPOSITS FOR HELIOS2 – 75/100 GLWB

The limitations on Deposits for Helios2 – 75/100 GLWB are described below:


Series 6 Series 8



per month

$10,000

n/a


Additional Deposit


or Minimum PAD

per month

$500

$50





Company only)

N/A $250,000

MATURITY BENEFIT

On the day the Annuitant attains age 105, your Maturity Benefit under Helios2 – 75/100 GLWB will be the greater of:



The Minimum Maturity Benefit Amount is equivalent to 75% of every Deposit. However, each time you make a surrender, it will reduce the guarantee in proportion to the market value of the Units surrendered and the Minimum Maturity Benefit Amount will be recalculated using the following formula:



X ( 1 –

Surrender



)


DEATH BENEFIT


(A) the market value of the Units attributed to this Contract as calculated at the next valuation of the Units following receipt of written notification of the Annuitant’s death. The calculation will be made in accordance with the provisions under the headings “Value of the Funds and the Units” and “Value of this Contract”; or


The Minimum Death Benefit Amount will be adjusted on every third Contract Anniversary Date until the Annuitant attains age 80. In such a case, the Minimum Death Benefit Amount will be set equal to the greater of:


(B) the market value of the Units attributed to this Contract as calculated at the next valuation of the Units following the Contract Anniversary Date.

The Minimum Death Benefit Amount is equivalent to 100% of every Deposit. However, each time you make a surrender, it will reduce the guarantee in proportion to the market value of the Units surrendered and the Minimum Death Benefit Amount will be recalculated using the following formula:



X ( 1 –

Surrender



)


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GUARANTEED LIFETIME WITHDRAWAL BENEFIT DEFINITIONS

The following definitions apply to this section:

“GLWB Bonus” means the bonus amount that will increase your GLWB Protected Value and which is explained further in the “GLWB Bonus Rate” section;

“GLWB Bonus Base” means the value used to determine the GLWB Bonus;

“GLWB Bonus Rate” means the rate found in Annex A applicable when this Contract comes into force. Every calendar year, the GLWB Bonus Rate is recalculated. See “Annex A” for more information;

“GLWB Eligible Withdrawal” means a withdrawal made after the Annuitant has attained the age of 55 years;

“GLWB Excess Withdrawal” means (a) the amount of surrenders made from this Contract before the Annuitant has attained the age of 55 years old or (b) the amount by which the aggregate surrenders of this Contract during a calendar year exceeds the GLWB Maximum Amount for the first time or (c) if a GLWB Excess Withdrawal has previously occurred during a calendar year, the amount of any additional surrender of this Contract during such calendar year since the most recent GLWB Excess Withdrawal. A GLWB Excess Withdrawal that results in the total surrender of the Contract by the Owner will terminate this Contract;

“GLWB Maximum Amount” means the maximum amount that the Company guarantees that you will be entitled to receive for your lifetime withdrawals;

“GLWB Protected Value” means the value used in the determination of the GLWB Maximum Amount as calculated in the manner described in this section; and,

“GLWB Withdrawal Percentage” means the percentage from the GLWB Withdrawal Percentage table found in “Annex A” applicable when this Contract comes into force.

Only these Funds are available with Helios2 – 75/100 GLWB.

Investment Solutions:

DFS GIF – ConservativeDFS GIF – ModerateDFS GIF – BalancedDFS GIF – Growth

Responsible Investment Solutions:

DFS GIF – Conservative – Desjardins SocieTerraDFS GIF – Balanced – Desjardins SocieTerraDFS GIF – Growth – Desjardins SocieTerra

Individual Funds:

IncomeDFS GIF – Money MarketDFS GIF – Income – Fiera CapitalDFS GIF – Canadian Bond

Balanced and Asset AllocationDFS GIF – Diversified Income – Franklin QuotentialDFS GIF – Balanced Income – Franklin QuotentialDFS GIF – Global Balanced – Jarislowsky FraserDFS GIF – Canadian Balanced – Fiera CapitalDFS GIF – Canadian Balanced – Franklin BissettDFS GIF – Balanced Growth – Franklin QuotentialDFS GIF – Canadian Balanced – CI SignatureDFS GIF – Income and Growth – CI SignatureDFS GIF – Growth and Income – NEI NorthwestDFS GIF – Global Growth – NEI Select

EXAMPLE OF THE EFFECT OF DEPOSITS AND SURRENDERS FOR HELIOS2 – 75/100 GLWB ON THE MINIMUM MATURITY BENEFIT AMOUNT AND THE MINIMUM DEATH BENEFIT AMOUNT




Minimum Maturity Benefit

Amountafter Transaction


after Transaction

2017-10-01Contract opening – Initial Deposit to Helios2 – 75/100 GLWB

$100,000 $0 $100,000 $75,000 $100,000

2018-10-01 Additional Deposit $20,000 $102,000 $122,000 $90,000 $120,000

2019-10-01 Surrender $13,000 $130,000 $117,000 $81,000* $108,000**

* Proportional reduction = $90,000 x (1-$13,000 /$130,000) = $81,000 ** Proportional reduction = $120,000 x (1-$13,000 /$130,000) = $108,000


GLWB Maximum Amount

The GLWB Maximum Amount is the maximum amount that the Company guarantees you will be entitled to receive for your lifetime withdrawals.

At the time of the first GLWB Eligible Withdrawal, the GLWB Maximum Amount will be equal to the GLWB Withdrawal Percentage multiplied by the GLWB Protected Value. On every January 1st following the first GLWB Eligible Withdrawal, the GLWB Maximum Amount will be recalculated in this same manner.

The Company guarantees that your GLWB Maximum Amounts will continue to be available until the earliest of:

(A) the day the Annuitant attains age 105*; or

(B) the GLWB Protected Value of this Contract falls below $10,000 as a result of a GLWB Excess Withdrawal; or

(C) the death of the Annuitant.

* You may have the option to extend to an older age the availability of the GLWB Maximum Amounts described in the section “Options Prior to the day the Annuitant attains age 105”. In such a case, the Contract will apply with all necessary adjustments.

Adjustments to the GLWB Maximum Amount

If the RRIF minimum amount applies to this Contract during any calendar year after the first GLWB Eligible Withdrawal and exceeds the GLWB Maximum Amount for that calendar year, then, the GLWB Maximum Amount for that calendar year will be increased to the RRIF minimum amount. If the LIF maximum applies to this Contract during any calendar year and is less than the GLWB

Maximum Amount for that calendar year, the GLWB Maximum Amount for that calendar year cannot exceed the LIF maximum.

If you withdraw less than the GLWB Maximum Amount in any calendar year, you do not have the option to add the remainder to your GLWB Maximum Amount in any subsequent calendar year.

Surrenders made prior to the Annuitant’s 55th birthday will be considered GLWB Excess Withdrawals and do not qualify as GLWB Eligible Withdrawals. This also means that prior to the Annuitant’s 55th birthday; the GLWB Maximum Amount will be equal to 0.

GLWB Protected Value

The GLWB Protected Value is used for the calculation of the GLWB Maximum Amount. The GLWB Protected Value is equivalent to 100% of every Deposit.

The GLWB Protected Value will also be adjusted as follows each time an event described below occurs.

(A) If you make a GLWB Excess Withdrawal during any calendar year, the GLWB Protected Value will be reduced proportionately as described below under the section “GLWB Excess Withdrawals”.

(B) On every third Contract Anniversary Date, the GLWB Protected Value will be compared to the market value of the Units attributed to this Contract as of that applicable Valuation Date. If the market value of this Contract at that time is higher than the GLWB Protected Value, we will reset the GLWB Protected Value to the market value of the Units attributed to this Contract at that time.

(C) On every December 31st, the GLWB Protected Value will be increased by the GLWB Bonus.

EXAMPLE OF ADJUSTMENTS TO THE GLWB PROTECTED VALUE

Date TransactionAnnuitant’s

Age Amount



GLWB Protected Value after Transaction


54 $100,000 $0 $100,000 $100,000

2018-11-01 Additional Deposit 54 $25,000 $102,000 $127,000 $125,000

2018-12-01 GLWB Excess Withdrawal* 54 $13,000 $130,000 $117,000 $112,500**

2018-12-31 No GLWB Bonus due to surrender of Units 54 $0 $119,000 $119,000 $112,500

2019-11-01 First GLWB Eligible Withdrawal*** 55 $3,375 $120,000 $116,625 $112,500

* Annuitant is under 55 which means that any withdrawal will be a GLWB Excess Withdrawal.** Proportional reduction = $125,000 x (1-$13,000 / $130,000) = $112,500

*** GLWB Withdrawal Percentage of 3%, for illustrative purposes only.


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GLWB Bonus Base

The GLWB Bonus Base is used for the calculation of the GLWB Bonus. The GLWB Bonus Base is equivalent to 100% of every Deposit.

The GLWB Bonus Base will also be adjusted as follows each time an event described below occurs.

(A) If you make a GLWB Excess Withdrawal during any calendar year, the GLWB Bonus Base will be reduced proportionately as described below under the section “GLWB Excess Withdrawals”.

(B) On every third Contract Anniversary Date, your GLWB Bonus Base will be compared to the market value of the Units attributed to this Contract as of that applicable Valuation Date. If the market value of this Contract at that time is higher than the GLWB Bonus Base, we will reset the GLWB Bonus Base to the market value of the Units attributed to this Contract at that time.

EXAMPLE OF ADJUSTMENTS TO THE GLWB BONUS BASE


Age Amount



GLWB Bonus Base after

Transaction


54 $75,000 $0 $75,000 $75,000

2017-11-20 Additional Deposit 54 $25,000 $76,500 $101,500 $100,000

2017-12-18 GLWB Excess Withdrawal* 54 $11,500 $115,000 $103,500 $90,000**

2018-11-01 GLWB Eligible Withdrawal 55 $2,700*** $89,000 $86,300 $90,000

2019-11-01 GLWB Eligible Withdrawal 56 $2,700*** $94,000 $91,300 $90,000

2020-10-01 Third Contract Anniversary Date 57 $0 $93,000 $93,000 $93,000

* Annuitant is under 55 which means that any withdrawal will be a GLWB Excess Withdrawal.** Proportional reduction = $100,000 x (1 - $11,500 / $115,000) = $90,000

*** GLWB Payout Percentage of 3%, for illustrative purposes only.

GLWB Bonus

The GLWB Bonus is equal to the GLWB Bonus Rate multiplied by the GLWB Bonus Base as of December 31st.

The GLWB Bonus will also be equal to zero for any calendar year that you make a total or partial surrender of this Contract other than a surrender to pay additional Guarantee fees.

The GLWB Bonus is added to the GLWB Protected Value and does not affect the market value of the Contract. The GLWB Bonus is not a cash bonus.


EXAMPLE OF THE GLWB BONUS APPLIED TO THE GLWB PROTECTED VALUE


Age Amount




TransactionGLWB Bonus

GLWB Protected

Value after Transaction

2017-10-01

Contract opening – Initial Deposit to Helios2 – 75/100 GLWB

65 $100,000 $0 $100,000 $100,000 n/a $100,000

2017-12-31 GLWB Bonus* 66 $0 $101,000 $101,000 $100,000 $3,000 $103,000

2018-12-31 GLWB Bonus* 67 $0 $95,000 $95,000 $100,000 $3,000 $106,000

2019-12-31 GLWB Bonus* 68 $0 $107,000 $107,000 $100,000 $3,000 $109,000

2020-10-01Reset on third Contract Anniversary Date

68 $0 $110,000 $110,000 $110,000 n/a $110,000

2020-11-15 First GLWB Eligible Withdrawal** 69 $4,510 $114,510 $110,000 $110,000 n/a $110,000

2020-12-31No GLWB Bonus because a surrender was made

69 $0 $116,000 $116,000 $110,000 n/a $110,000

* GLWB Bonus Rate of 3%, for illustrative purposes only.** GLWB Withdrawal Percentage of 4.1%, for illustrative purposes only.

GLWB Bonus Rate

Every year, the GLWB Bonus Rate is recalculated. The GLWB Bonus Rate is equal to the bonus rate found in the Annex applicable to this document when this Contract comes into force. See “Annex A” for more information.

GLWB Withdrawal Percentage

The GLWB Withdrawal Percentage is based on the attained age of the Annuitant on the day that the first GLWB Eligible Withdrawal is made and is found in “Annex A”.

Please note that any total or partial surrenders of this Contract made prior to the Annuitant’s 55th birthday will be considered GLWB Excess Withdrawals. Such surrender does not set the GLWB Withdrawal Percentage.

We reserve the right to restrict the use of the Spouse or Common-Law Partner’s age for the RRIF minimum amount.

Adjustments to the GLWB Withdrawal Percentage

Every third Contract Anniversary Date, the GLWB Protected Value will be compared to the market value of the Units attributed to this Contract as of that applicable Valuation Date. If the market value of the Units attributed to this Contract at that time is higher than the GLWB Protected Value, the GLWB Withdrawal Percentage will be reset, based on the new attained age of the Annuitant according to the GLWB Withdrawal Percentage found in “Annex A”.


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EXAMPLE OF ADJUSTMENTS TO THE GLWB WITHDRAWAL PERCENTAGE


Age Amount

Market Value before

Transaction


GLWB Withdrawal Percentage


TransactionGLWB Bonus


2017-12-01


67 $100,000 $0 $100,000 n/a $100,000 n/a $100,000

2017-12-31 GLWB Bonus* 67 $0 $101,000 $101,000 n/a $100,000 $3,000 $103,000

2018-12-31 GLWB Bonus* 68 $0 $105,000 $105,000 n/a $100,000 $3,000 $106,000

2019-12-31 GLWB Bonus* 69 $0 $109,000 $109,000 n/a $100,000 $3,000 $109,000

2020-02-01 First GLWB Eligible Withdrawal 69 $4,469 $109,469 $105,000 4.1%*** $100,000 n/a $109,000

2020-12-01Reset on third Contract Anniversary Date**

70 $0 $115,000 $115,000 4.6%*** $115,000 n/a $115,000

* GLWB Bonus Rate of 3%, for illustrative purposes only.** GLWB Withdrawal Percentage is adjusted when the GLWB Protected Value is adjusted.

*** These values are for illustrative purposes only.

GLWB Excess Withdrawals

If during any calendar year you receive a GLWB Excess Withdrawal, the GLWB Protected Value, and the GLWB Bonus Base will be reduced as follows:

GLWB Protected Value immediately following the GLWB Excess Withdrawal

=GLWB Protected Value immediately before the

GLWB Excess Withdrawal


Market Value of the Units attributed to this Contract immediately before

the GLWB Excess Withdrawal)

GLWB Bonus Base immediately following the GLWB Excess Withdrawal

=GLWB Bonus Base

immediately before the GLWB Excess Withdrawal


Market Value of the Units attributed to this Contract immediately before

the GLWB Excess Withdrawal)

The adjustments described to the GLWB Protected Value will reduce the future years’ GLWB Maximum Amount. Furthermore, these surrenders will reduce the Maturity and Death Benefit guarantees under Helios2 – 75/100 GLWB and may also trigger surrender charges to be paid with regard to the Units surrendered.


EXAMPLE OF GLWB EXCESS WITHDRAWALS FOR HELIOS2 – 75/100 GLWB ON THE MINIMUM MATURITY BENEFIT AMOUNT, MINIMUM DEATH BENEFIT AMOUNT, GLWB PROTECTED VALUE AND GLWB BONUS BASE


Age Amount

Market Value before

Transaction



GLWB Bonus

Base after Transaction


after Transaction


after transaction

2017-10-01


54 $75,000 $0 $75,000 $75,000 $75,000 $75,000 $56,250

2017-12-18 GLWB Excess Withdrawal* 54 $11,500 $115,000 $103,500 $67,500** $67,500** $67,500** $50,625

2018-11-01 First GLWB Eligible Withdrawal 55 $2,025*** $91,125 $89,100 $67,500 $67,500 $66,000 $49,500

2018-11-01 GLWB Excess Withdrawal 55 $8,910 $89,100 $80,190 $60,750 $60,750 $59,400**** $44,550

* Annuitant is under 55, any withdrawal is a GLWB Excess Withdrawal.** Proportional reduction = $75,000 x (1 - $11,500/$115,000) = $67,500

*** GLWB Payout Percentage 3%, for illustrative purposes only.**** Proportional reduction = $66,000 x (1 - $8,910/$89,100) = $59,400

GLWB Eligible Withdrawals

A withdrawal can be made under Helios2 – 75/100 GLWB up to the GLWB Maximum Amount. This is done by withdrawing Units having a market value equal to the amount of the withdrawal requested. Units will be withdrawn as per your most recent written instructions, subject to our Administrative Rules at the time of withdrawal. Such withdrawals do not reduce the GLWB Protected Value and the GLWB Bonus Base. However such withdrawals reduce the Guaranteed Amounts under Helios2 – 75/100 GLWB and may trigger payment of any surrender charges applicable to the Units withdrawn.

The Owner can elect to receive these withdrawals in the Owner’s account at a financial institution in any interval during the calendar year currently offered under this Contract.

Guaranteed Payment Phase

Should there be no longer any Units to be withdrawn while this Contract is still in force; the Contract is deemed to be in the guaranteed payment phase. When you have reached the guaranteed payment phase of the Contract, the following occurs:

(A) Helios2 – 75/100 GLWB will provide payment up to the GLWB Maximum Amount for the life of the Annuitant;

(B) No further Deposits can be made to the Contract;

(C) No further fees will be applied to the Contract; and

(D) The maturity and death benefit guarantees will be set to $0.

The above provisions will remain in effect until the earliest of:

(A) The day the Annuitant attains age 105; or

(B) The death of the Annuitant.

Options after the day the Annuitant attains age 65

The Owner may, at any time, after the Annuitant has attained the age of 65 years, elect to use the value of this Contract (calculated in accordance with the provisions under the sections “Value of the Funds and the Units” and “Value of this Contract”) or part thereof to obtain any of the following:

(A) A series of periodic withdrawals in accordance with the sub-section titled “Systematic Withdrawal Program”;

(B) A series of periodic annuity payments as described in the “Annuity Provisions” section;

(C) A lump-sum from a partial or total surrender in accordance with the section titled “Surrenders and Withdrawals” and “Charges and Fees” ; or

(D) A combination of the above in accordance with applicable legislation including the Income Tax Act.

In which case, the Guaranteed Amounts, GLWB Protected Value (as defined in the “Guarantees” section) and GLWB Bonus Base (as defined in the “Guarantees” section) may be reduced proportionately in respect of Units withdrawn, in the manner described in the “Guarantees” section.


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The value of this Contract is not guaranteed (except for the guarantees of the Company applicable to the selected Guarantee) and will fluctuate with the market value of the assets in the Fund or Funds in respect of which Units are attributed to this Contract from time to time.

Please refer to the sections titled “Surrenders and Withdrawals” and “Charges and Fees” which respectively describe the rules governing the total or partial surrender and the charges applicable at the time of surrender.

At the Annuitant’s 105th birthday, under Helios2 – 75/100 GLWB, you may opt to extend to an older age the availability of the GLWB Maximum Amount, provided you have notified us in writing 60 days before the Annuitant attains the age of 105. In such a case, the Contract will apply with all necessary adjustments.

Annuity Provisions

Annuity Prior to the day the Annuitant attains age 105The Owner may at any time after the Annuitant has reached the age of 65 years, elect by written notification to utilize the value of this Contract (calculated in accordance with the provisions under the sections “Value of the Funds and the Units” and “Value of this Contract”) or part thereof to calculate a life annuity providing annual payments per $1,000 of the value of this Contract at the time of the request using the formula:

Male Female1,000 1,000

{60 – (A x 0.5)} [60 – {(A – 5) x 0.5}]

where A is the age of the Annuitant. In both cases, the age will be determined on the date that written notification is received.

Annuity on the day the Annuitant attains age 105Unless written notification to the contrary has been received, on the day the Annuitant attains age 105, the Company will use the Maturity Benefit to provide a life annuity (guaranteed for 10 years) providing monthly payments of $92.50 per $10,000 of such value.

On the day the Annuitant attains age 105, the Owner may elect by written notification to use the Maturity Benefit to obtain any type of single premium annuity policy the Company offers to the public at the rate prevailing at the time the annuity is selected, subject to the governing conditions and Administrative Rules of the Company.

Except for the obligations related to the annuity payments in the present section, the establishment of an annuity will discharge our obligations under this Contract.

The value of this Contract is not guaranteed (except for the guarantees of the Company applicable to the selected Guarantee) and will fluctuate with the market value of the assets in the Fund or Funds in respect of which Units are attributed to this Contract from time to time.

Loan and Non-Forfeiture Options

There are no loan or non-forfeiture options available under the Desjardins Financial Security Guaranteed Investment Funds Plan – Helios2 Contract.

Creditor Protection

Your Contract is an individual variable insurance contract. If this Contract is held in your name, this Contract may be protected against the claims of your creditors depending on the Beneficiary named.

If this Contract is held externally in a nominee or an intermediary account, it is not clear that the creditor protection will be maintained.

There are limitations with respect to this protection and circumstances where the protection will not exist. You should obtain independent legal advice regarding your particular circumstances.

Non-registered Contracts

A non-registered Contract can be owned jointly or by a single person.

Joint Owners

Where a sole Annuitant has been named on the contract application, ownership of the Contract following the death of a joint Owner is as follows:

A) Joint Ownership with Rights of Survivorship (except Quebec)

By designating a Co-Owner, the type of ownership is deemed to qualify as “joint ownership with rights of survivorship”. Upon the death of the Owner or Co-Owner, provided that he/she is not the sole Annuitant, all his/her rights and obligations pursuant to this Contract will be transferred to the other.

Joint Owners must be common-law partners, married spouses or civil union spouses at the time of the application. You are responsible for any income tax reporting and payments that may be required as a result of the change in ownership. If the deceased joint Owner is the Annuitant, the Contract will terminate and the Death Benefit will be paid. For more information, see the “Guarantees” and “Income Allocations for Tax Purposes” sections.

B) Subrogated Owner (Quebec only)

By designating a Co-Owner, the Owner and the Co-Owner are deemed to designate each other as subrogated Owners of this Contract. Upon the death of the Owner or Co-Owner, provided that


he/she is not the sole Annuitant, all his/her rights and obligations pursuant to this Contract will be transferred to the other.

Joint Owners must be common-law partners, married spouses or civil union spouses at the time of the application. In such a case, the rules of representation do not apply and there is only accretion to the surviving subrogated Owner. This means that the surviving Owner becomes the sole Owner of the Contract and that no ownership is transferred to the estate of the deceased Owner.

You are responsible for any income tax reporting and payments that may be required as a result of the change in ownership. If the deceased joint Owner is the Annuitant, the Contract will terminate and the Death Benefit will be paid. For more information, see the “Guarantees” and “Income Allocations for Tax Purposes” sections.

Joint Annuitants

Joint Annuitants are the persons upon whose life the Contract is based. The joint Annuitants are deemed to be the joint Owners (Owner and Co-Owner) mentioned on the contract application, unless a single Annuitant is named in the contract application.

The Death Benefit will only be paid on the death of the last Annuitant while the Contract is in force.

Contingent Owner (Subrogated Owner in Quebec)

If you are the sole Owner of the Contract and you are not the Annuitant, you may name a contingent Owner (subrogated Owner in Quebec). The contingent Owner must be your common-law partner, married spouse or civil union spouse at the time of the application. You may name a contingent Owner only once for the whole duration of this Contract but you may revoke the contingent Owner at any time.

In the event of your death, the contingent Owner, if living, becomes the new Owner. If you have not named a contingent Owner, or if he/she is not living on your death, then your estate will become the Owner.

You are responsible for any income tax reporting and payments that may be required as a result of the change in ownership. For more information, see the “Income Allocations for Tax Purposes” section.

Registered Contracts

A Registered Contract must be owned by a sole Owner (an individual) who shall also be the sole Annuitant. You cannot appoint a joint Owner, a contingent Owner, a subrogated Owner or a joint Annuitant.

A Contract that is held in an externally registered plan (nominee or intermediary account) is a non-registered Contract at Desjardins Financial Security Life Assurance Company.

RRSPs and Other Registered Plans

Based on legislation currently in force and subject to the provisions contained in the RSP or RIF or TFSA endorsement to this Contract (as the case may be), the Contract qualifies as an RRSP or a RRIF or a TFSA.

Owners who are investing in the Contract through an RRSP or other registered plans should enquire about the special tax rules that apply. They must ensure that they understand their particular tax circumstances and should obtain independent advice, if necessary.

Investing in a tax-registered Contract is one of many different ways to accumulate retirement income. While tax saving is one of the advantages of this Contract, eventually, all benefits will be added to income for tax purposes, except if your Contract is registered as a TFSA. Since Registered Contracts may be more suitable for long duration investment, we strongly recommend that the prospective Owner fully discuss all aspects of registration with their representative before purchasing any Registered Contract.

Any payments described in the endorsements below do not include any payments or obligations offered under Helios2 – 75/100 GLWB and these payments or obligations cannot be transferred to the Spouse or Common-Law Partner.

RSP EndorsementThis endorsement is effective if the Owner has requested that this Contract be registered in accordance with the Income Tax Act as a Registered Retirement Savings Plan (RRSP) and the Owner is the Annuitant named in the application for this Contract which has been accepted by the Company. The Owner is the Annuitant of this Retirement Savings Plan (RSP) within the meaning of the Income Tax Act. The terms of this endorsement will govern if any of its provisions are inconsistent with other sections of this Contract.

Under this endorsement, this Contract is modified as follows:

1. If the Company is given proof that there is a tax payable in respect of an over-contribution under Part X.1 of the Income Tax Act, the Company will surrender sufficient Units attributed to this Contract to reduce or eliminate the amount of future tax otherwise payable by the contributor. The payment will not exceed the value of the Units attributed to this Contract in accordance with the provisions under the sections “Value of the Funds and the Units” and “Value of this Contract” at the time the surrender is made. It is the contributor's sole responsibility to ensure that the Deposits made to an RRSP Contract do not exceed the contributor's RRSP contribution limits. If RRSP contribution limits are exceeded, the contributor will be subject to a tax penalty until the excess contribution is withdrawn.


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2. The Owner must utilize the value of the Units attributed to this Contract (calculated in accordance with the provisions under the sections “Value of the Funds and the Units” and “Value of this Contract”) to select an annuity option, in a form permitted at the definition of "retirement income" in subsection 146(1) of the Income Tax Act, or to purchase a RIF or to convert this Contract into a RIF, by the end of the year in which the Owner reaches age 71 or as specified in the Income Tax Act.

3. The annuity selected must be paid either through equal annual or more frequent periodic payments, until it is paid in full or the death of the Owner. If the annuity is partly commuted, the Owner must receive the balance either through equal annual or more frequent periodic payments. The total amount of the annuity payments made periodically within one calendar year following the death of the Owner shall never be greater than that payable during any complete calendar year prior to death. The annuity will be commuted if, after the Owner's death, it must be paid to a person other than the Owner’s Spouse or Common-Law Partner.

4. If this Contract is registered as an RRSP, the Income Tax Act requires that the RRSP must be terminated no later than at the end of the calendar year in which the Owner attains the age of 71 years or as specified by the Income Tax Act. For the Guarantee to continue to apply, the value of the Units attributed to this Contract must be transferred to a Desjardins Financial Security Guaranteed Investment Funds Plan – Helios2 RIF with the same Guarantee. In this case, the withdrawal dates for transferred Deposits remain unchanged. If the Company does not receive the Owner’s written notification 60 days before December 31 of the year in which the Owner reaches age 71 or the date set by the Income Tax Act, the Company will transfer the value of the Units attributed to this Contract to a Desjardins Financial Security Guaranteed Investment Funds Plan – Helios2 RIF with the same Guarantee. It is the Owner’s sole responsibility to select the annuity option.

5. No Deposits can be made under this Contract once an annuity option has been selected.

6. If the Owner dies before an annuity option is selected, the Death Benefit, calculated according to the provisions under the applicable Guarantee as described in the sub-heading “Death Benefit” in the section titled “Guarantees”, will be paid to the Beneficiary in one lump sum payment.

7. This Contract and any annuity payable under the Contract to the Owner, the Owner’s Spouse or Common-Law Partner, may not be assigned in whole or in part.

8. Before an annuity option is selected, no payment may be made under this Contract except as a Death Benefit as described in paragraph 6 herein, a refund of premiums as defined in subsection 146(1) of the Income Tax Act or surrenders, withdrawals and other payments to the Owner if permitted by the provisions of this Contract. The Contract does not provide for any payment to the Owner after an annuity option is selected except in the form of “retirement income” as defined in subsection 146(1) of the Income Tax Act, of full or partial commutation of annuity payments or in respect of a commutation provided for in the Income Tax Act, if permitted.

9. We will withhold tax on amounts withdrawn by the Owner when required by the Income Tax Act.

10. The Company is authorized, as the Owner’s attorney, to amend, at its discretion, this RSP endorsement as necessary to comply with the conditions of an RSP, as set out in the Income tax Act.

RIF EndorsementThis endorsement is effective if the Owner has requested that this Contract be registered in accordance with the Income Tax Act as a Registered Retirement Income Fund (RRIF) and the Owner is the Annuitant named in the application for this Contract which has been accepted by the Company. The Owner is the Annuitant of this Retirement Income Fund (RIF) within the meaning of the Income Tax Act. The terms of this endorsement will govern if any of its provisions are inconsistent with the other sections of this Contract.


1. During the Owner’s lifetime, the Company will make payments commencing on the commencement date, as stipulated in the application for this Contract which has been accepted by the Company.

2. Total payments in any calendar year shall not be less than:

a) in the calendar year in which the Contract is entered into, zero; and

b) in each subsequent calendar year, the “minimum amount” as defined under subsection 146.3(1) of the Income Tax Act.

3. The Owner may request a change in the frequency of payments to any other frequency acceptable to the Company and permitted by the Income Tax Act. To request such a change, written notification must be received by the Company.

4. The Company will make only those payments described in paragraphs 146.3(2)d) and 146.3(2)e), the definition of “retirement income fund” in subsection 146.3(1), and subsections 146.3(14) and 146.3(14.1) of the Income Tax Act.

5. This Contract and any payments under the Contract may not be assigned in whole or in part.

6. When the Owner dies, the Company will pay the applicable Death Benefit to the Beneficiary in one lump sum payment.


7. The Death Benefit, anytime before the day the Owner attains age 105, will be calculated according to the provisions under the applicable Guarantee as described in the sub-heading “Death Benefit” in the section titled “Guarantees”.

8. The Owner may transfer all or part of the value of the Units attributed to this Contract to another RRIF by sending written instructions to that effect and all the required forms to the Company. The value is then calculated as described in the sections “Value of the Funds and the Units” and “Value of this Contract”. Upon receipt, the Company will, in a manner and a way acceptable to the Company and receiving carrier, transfer all necessary information to any carrier which has agreed to enter into a RRIF Contract with the Owner, together with part or all of the value of the Units attributed to this Contract less an amount equal to the lesser of:

a) such portion of the value of the Units attributed to this Contract sufficient to ensure that the minimum amount [as defined under subsection 146.3(1) of the Income Tax Act] will be paid to the Owner in the calendar year the transfer is made, and

b) the value of the Units attributed to this Contract, in accordance with the provisions under the sections “Value of the Funds and the Units” and “Value of this Contract”.

9. The Company will not accept any Deposit under this Contract, except funds transferred from:

a) an RRSP under which the Owner is the annuitant;

b) another RRIF under which the Owner is the annuitant;

c) the Owner, to the extent only that the funds are an amount described in subparagraph 60(l)(v) of the Income Tax Act;

d) an RRSP or a RRIF of the Owner’s Spouse, or Common-Law Partner or former Spouse or Common-Law Partner under a decree, order or judgment of a competent tribunal, or under a written separation agreement, relating to a division of property between the Owner and the Owner's Spouse or Common-Law Partner or former Spouse or Common-Law Partner in settlement of rights arising out of, or on the breakdown of, their marriage or common-law partnership;

e) a Deferred Profit Sharing Plan (DPSP) in accordance with subsection 147(19) of the Income Tax Act;

f) a Registered Pension Plan (RPP) under which the Owner is a member within the meaning of subsection 147.1(1) of the Income Tax Act;

g) a RPP in accordance with subsection 147.3(5) or (7) of the Income Tax Act;

h) a specified pension plan in circumstances to which subsection 146(21) of the Income Tax Act applies; or

i) a Pooled Registered Pension Plan (PRPP) in accordance with subsection 147.5(21) of the Income Tax Act.

10. The Company is authorized, as the Owner’s attorney, to amend, at its discretion, this RIF endorsement as necessary to comply with the conditions of a RIF, as set out in the Income Tax Act.

TFSA EndorsementThis endorsement is effective if the Holder has requested the Company to make an election with the Minister of National Revenue to register this Contract as a Tax-Free Savings Account (TFSA) under section 146.2 of the Income Tax Act and the Holder is the “Holder” named in the application for this Contract which has been accepted by the Company. The definition of “Holder” in this Contract is always in accordance with the definition of “Holder” as given in subsection 146.2(1) of the Income Tax Act. The terms of this endorsement will govern if any of its provisions are inconsistent with other sections of this Contract.


1. The Contract can be maintained for the exclusive benefit of the Holder only.

2. Only the Holder and the Company have rights under the Contract relating to the amount and timing of surrenders (distributions) and the investing of funds.

3. Only the Holder can make Deposits to the Contract.

4. If the Company is given proof that there is a tax payable in respect of an excess TFSA amount or a deposit by a non-resident of Canada under sections 207.02 or 207.03 of the Income Tax Act, the Company will surrender sufficient Units attributed to this Contract to reduce or eliminate the amount of future tax otherwise payable by the Holder. The payment will not exceed the value of the Units attributed to this Contract in accordance with the provisions in the sections “Value of the Funds and the Units” and “Value of this Contract” at the time the surrender is made. It is the Holder's sole responsibility to ensure that the Deposits made to a TFSA Contract do not exceed the Holder's TFSA contribution limits and that no Deposits are made to the Contract when the Holder is not a resident of Canada. If TFSA contribution limits are exceeded or Deposits are made while the Holder is non-resident, the Holder will be subject to a tax penalty until the contribution is withdrawn.

5. Upon receipt of written notification, the Company will transfer all or part of the value of the Units attributed to this Contract (calculated in accordance with the provisions under the sections “Value of the Funds and the Units” and “Value of this Contract”) to another TFSA held by the Holder.

6. If the Holder dies, the Death Benefit, calculated according to the provisions under the applicable Guarantee as described in the sub-heading “Death Benefit” in the section titled “Guarantees”, will be paid out to the Beneficiary in one lump sum payment. If the Spouse or Common-Law Partner is the Beneficiary, the Death Benefit may be designated as an “exempt contribution” in accordance with subsection 207.01 (1) of the Income Tax Act and transferred to another TFSA of the surviving Spouse or Common-Law Partner. This transfer will not reduce the Survivor's existing contribution room only if the stipulated conditions under the Income Tax Act are respected and the prescribed form is completed. It is the Survivor's sole responsibility to satisfy those requirements.


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7. The Contract may be used by the Holder as a security for a loan or other indebtedness if the conditions of subsection 146.2(4) of the Income Tax Act are satisfied.

8. The Company will not annually report on tax slips any income for amounts deposited by the Holder. However, all earnings accrued between the Holder's death and the surrender of the Contract will be taxable for the beneficiaries.

9. The Holder must be at least eighteen years of age at the time the TFSA Contract is entered into in order for the TFSA to be considered a qualifying arrangement as defined in the Income Tax Act.

10. The Company is authorized, as the Holder's attorney, to amend, at its discretion, this TFSA endorsement as necessary to comply with the conditions of a TFSA as set out in the Income Tax Act.

Locked-in Pension Benefits

Any payments described in the endorsements below do not include any payments or obligations offered under Helios2 – 75/100 GLWB and these payments or obligations cannot be transferred to the Spouse or Common-Law Partner.

RSPIf the Owner has requested that this Contract be registered as an RRSP under the Income Tax Act and contributions to this Contract consist of locked-in pension benefits under one of the following acts:

(i) Pension Benefits Standards Act (British Columbia);

(ii) Employment Pension Plans Act (Alberta);

(iii) The Pension Benefits Act, 1992 (Saskatchewan);

(iv) The Pension Benefits Act (Manitoba);

(v) Pension Benefits Act (Ontario);

(vi) Supplemental Pension Plans Act (Quebec);

(vii) Pension Benefits Act (New Brunswick);

(viii) Pension Benefits Act (Nova Scotia);

(ix) Pension Benefits Act, 1997 (Newfoundland); or

(x) Pension Benefits Standards Act, 1985 (Canada),

then the Locked-in Retirement Account Endorsement shall be in effect for this Contract. The terms of that endorsement will govern if any of its provisions are inconsistent with other sections of this document.

RIFIf the Owner has requested that this Contract be registered as a RRIF under the Income Tax Act and contributions to this Contract consist of locked-in pension benefits under one of the following acts:

(i) Pension Benefits Standards Act (British Columbia);

(ii) Employment Pension Plans Act (Alberta);

(iii) The Pension Benefits Act, 1992 (Saskatchewan);

(iv) The Pension Benefits Act (Manitoba);

(v) Pension Benefits Act (Ontario);

(vi) Supplemental Pension Plans Act (Quebec);

(vii) Pension Benefits Act (New Brunswick);

(viii) Pension Benefits Act (Nova Scotia);

(ix) Pension Benefits Act, 1997(Newfoundland); or

(x) Pension Benefits Standards Act, 1985 (Canada),

then the Life Income Fund Endorsement shall be in effect for this Contract. The terms of this endorsement will govern if any of its provisions are inconsistent with other sections of this document.

The applicable Death Benefit will always apply upon the death of the Annuitant.

The Guaranteed Amounts for a LIF Contract will be reduced by any withdrawals made to effect retirement income payments according to these provisions.

Value of the Funds and the Units

The Units of a Fund are valued according to the Administrative Rules established by the Company as described here and in accordance with this Contract, and all laws and regulations applicable to the Fund.

The Company calculates the net asset value per Unit of a Fund (“NAVPU”) as at the Cut-Off Time on each Market Day for each Fund. Units are valued as at the Cut-Off Time on each Market Day as illustrated in the following equation:

NAVPU for Series =

Series proportion of (Total market value of the Fund + other assets – liabilities not including Management Fee)

– Series Management Fee liabilities

Number of Series Units

The NAVPU calculated at that time will remain in effect until the next calculation of the NAVPU. In other words, the NAVPU that is calculated at the Cut-Off Time on a Market Day will remain in effect until the Cut-Off Time on the next Market Day, at which time the new NAVPU of a Fund is calculated.

The Company reserves the right at its sole discretion to change the frequency with which a Unit of a Fund is valued subject to the provisions of this Contract as outlined in the section “Fundamental Changes”.


For the purposes of the foregoing, in determining the market value of the Fund’s investment portfolio, securities in the Fund are generally valued at prices determined by the markets in which they trade or are issued. A security listed or traded on a recognized stock exchange is valued at the latest available quoted selling price of recent date. If there are no recent sales or record thereof or if securities are not listed or dealt with on a recognized stock exchange, then such securities will be valued at the latest available quoted asked price or the latest available quoted bid price, or the average of the two, whichever in the opinion of the Company better reflects the value of the securities on the day the net asset value per Unit is being determined. In the case of bonds, debentures, shares or other securities for which price quotations are not available, the value is to be calculated in such manner as the Company determines and the basis of such determination shall be included in the notes to any financial statement of the Fund(s). The market value of the assets of a Fund will be calculated on each Market Day and will include the total market value of the securities in the Fund’s investment portfolio as well as all other assets and liabilities of the Fund.

Income and capital gains from the investments of each Fund increase the market value of the Fund. Capital losses from the investments of each Fund together with all the charges, expenses and taxes applicable to the Fund reduce the market value of the Fund. Regarding the charges, expenses and taxes applicable to each Fund, reference is made to the section titled “Charges and Fees”.

Notwithstanding the foregoing and subject to all applicable laws and regulations, the Company hereby reserves the right in its absolute discretion to value an asset of a Fund at such amount as it considers fair and reasonable in the circumstances.

Nothing contained in this document or this Contract shall be interpreted to give anyone other than the Company any right or incident of ownership in any of the investments of the Funds or the underlying funds. Regarding the rights of any person other than the Company under this Contract, the term “Unit” shall mean the value of a Unit and not a Unit itself.

The value of the Units in a Fund attributed to this Contract is not guaranteed (except for the guarantees of the Company applicable to the selected Guarantee) and will fluctuate with the market value of the assets of the Fund.

Income Allocations for Tax Purposes

A Fund does not distribute earnings. Instead, net or taxable income (in accordance with the rules in effect) is retained in the Fund, thus benefiting Owners through changes in the value of their Units. However, tax allocations relating to income and realized capital gains and losses of a particular Fund will be made to you each calendar year as required by the Income Tax Act and according to our Administrative Rules in effect. It is our current practice to allocate income (interest, dividends, foreign income) on a unit-by-unit basis considering the amount of time each Unit was attributed

to a Contract (the Units are time-weighted). The adjusted cost base of each Contract is updated accordingly.

Tax Status of the FundsEach Fund is treated as a separate segregated fund trust under the Income Tax Act. This means that income and realized capital gains and losses, as applicable, are allocated to Owners and their Beneficiaries each year as required by the Income Tax Act. Therefore, under the current tax legislation, there are no income taxes payable by a Fund (except any foreign withholding taxes which may be payable). Capital losses are deductible only against capital gains. You can use capital losses (net of capital gains in the current taxation year) to reduce capital gains in the three preceding years or in any future year (or in accordance with the Income Tax Act).

Tax Status of Owners(A) If this Contract is registered as an RRSP under Section 146

of the Income Tax Act, you do not pay income tax year by year on interest, dividends, foreign income and capital gains attributable to this Contract. Moreover, payments made by the Company due to the effect of a guarantee offered in this Contract are not taxable when deposited into the Contract. However, when amounts are withdrawn from your Contract (including guarantee payments) or at the time of the deemed disposition of the Contract on your death, all amounts are taxable (except for eligible tax-deferred transfers). Amounts withdrawn are subject to withholding tax. You may be able to deduct part or all of your Deposits for income tax purposes if you meet the requirements in the Income Tax Act.

(B) If this Contract is registered as a RRIF under subsection 146.3 of the Income Tax Act, you do not pay income tax year by year on interest, dividends, foreign income and capital gains attributable to this Contract. Moreover, payments made by the Company due to the effect of a guarantee offered in this Contract are not taxable when deposited into the Contract. However, when amounts are withdrawn from your Contract (including guarantee payments) or at the time of the deemed disposition of the Contract on your death, all amounts are taxable (except for eligible tax-deferred transfers). Amounts withdrawn in excess of the minimum amount referred to in the section “RIF Endorsement” are subject to withholding tax.

(C) If this Contract is registered as a TFSA under subsection 146.2 of the Income Tax Act, you do not pay income tax year by year on interest, dividends, foreign income and capital gains attributable to this Contract. Amounts withdrawn and payments made by the Company due to the effect of a guarantee offered in this Contract are not taxable and not subject to withholding tax. Deposits to this Contract are not deductible for tax purposes. For tax purposes, the TFSA ends at the moment of your death and income accrued after this moment is taxable.


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(D) Contracts not registered under section 146, 146.2 or 146.3 of the Income Tax Act are subject to tax as follows:

The portion of the investment income (interest, dividends, foreign income and capital gains) of the Funds allocated in respect of this Contract is reported to you each calendar year and must be included as taxable income, even though the amount allocated is not received by you. The adjusted cost base of this Contract is increased for interest, dividend, foreign income and capital gains (except regarding a surrender) allocated, and the eventual capital gain at disposition decreased. Capital losses (except regarding a surrender) allocated will decrease the adjusted cost base of this Contract, and the eventual capital gain at disposition increased.

This Contract is treated as an interest in a trust for the purposes of the Income Tax Act and, as such, is capital property. Accordingly, you may realize a capital gain or a capital loss upon the disposition of that interest. Such a disposition would be caused by a partial or total surrender of this Contract, including surrenders to pay for any additional guarantee fees, or by a transfer of the value of the Units attributed to this Contract from one Fund to another Fund, a change in the ownership of the Contract or your death. A transfer or withdrawal, which results from your exercising your rights as described in the section “Fundamental Changes” or our exercising our rights as described in the section “Closing of Funds, Series, Fee Options”, will also cause a taxable disposition.

A switch from a Series to another Series, without transfer of the value of the Units attributed to this Contract from one Fund to another Fund, is not a taxable disposition.

The tax treatment of payments made by the Company due to the effect of a guarantee offered in this Contract is not certain at this time. We recommend that you contact your tax advisor regarding the tax treatment of the guarantee payment in your particular circumstances. We will report guarantee payment amounts paid based on our understanding of the Income Tax Act and Canada Revenue Agency (CRA) assessing practices at that time. You are responsible for the appropriate tax treatment of the guarantee payments in your income tax return(s) and any related tax liabilities. The Company shall not be held responsible for the tax consequences arising from any change in the Income Tax Act, interpretation or CRA assessing practice.

If you are a non-resident of Canada for tax purposes, there could be withholding tax on amounts withdrawn and/or allocated and other tax implications. You need to advise the Company when you become a non-resident or cease to be a non-resident.

If at any time while Units are standing to the credit of this Contract, the Company is required to pay to any governmental authority any part of the proceeds as a tax imposed on this Contract, the Company may transfer out of any Fund or Funds in its discretion to the general funds of the Company the value of the Units in this Contract sufficient for this purpose and such Units will be withdrawn from such Contract as described in the sections titled “Surrenders and Withdrawals” and “Charges and Fees”. A transfer of Units to pay for a tax imposed on this Contract is a taxable disposition from the point of view of the Owner.

The value of the Units in a Fund attributed to this Contract is not guaranteed (except for the guarantees of the Company applicable to the selected Guarantee) and will fluctuate with the market value of the assets of the Fund.

In all cases, the Company shall not be held responsible for any unwanted tax consequences to the Owner(s) or the Beneficiary(ies) resulting from a change in law or in the interpretation of the law by any regulatory body or a court of law.

This summary of tax considerations and consequences is not exhaustive and is of a general nature only. It is not intended to constitute advice to any particular purchaser. The taxation of certain benefits available in this Contract is not certain at this time. Moreover, tax legislation in Canada changes from time to time and any specific information contained in this document may be affected by any changes that do occur. Owners are advised to satisfy themselves that they understand their particular tax circumstances and are responsible for the proper reporting of all taxable income and payment of all related taxes. For this purpose, they may wish to obtain independent advice.

Contract held in a Nominee or Intermediary Account

A Contract held as an investment of an externally registered account with a nominee or intermediary is a non-registered Contract at Desjardins Financial Security Life Assurance Company.

If this Contract is held externally in a nominee or an intermediary account, it is not clear that the creditor protection will be maintained. You should obtain independent legal advice regarding your particular circumstances.

Furthermore, if your Contract is held in a nominee or intermediary account, some features may not be available to you, such as but not limited to, the ability to designate a Beneficiary. Carefully discuss with your representative the impacts of choosing to hold your Contract in a nominee or intermediary account.

Assignment of Obligations by the Company

Subject to receipt of all applicable regulatory approvals, we may transfer and assign all of our obligations under this Contract to another life insurance company which carries on the business of life insurance in Canada and, provided such life insurance company agrees to take all of our obligations under and be bound to the terms and conditions of this Contract, we shall be released and discharged from all obligations under this Contract which we owe to you, to your Beneficiaries, or to any Annuitant.


Transfer of Ownership and Limitations on Assignment

You may be able to transfer ownership of the Contract. However, we may limit this right in accordance with our Administrative Rules or applicable laws. Transfer of ownership may result in some tax implications. Owners must ensure that they understand their particular tax circumstances and should obtain independent advice, if necessary.

You may assign this Contract as collateral (including hypothecs in Québec) for a loan by assigning it in whole or in part to a lender. No assignment of this Contract will bind the Company unless it is in writing and until the assignment is filed with the Company. The Company assumes no liability for the validity of an assignment.

A Contract registered as an RRSP or a RRIF may not be assigned as collateral or transferred.

Closing of Funds, Series, or Fee Options

The Company reserves the right in its absolute discretion to close any Fund or Series or Fee Option or to merge any Fund with another Fund (including any new Fund which may be added in the future). In this case, we will provide you with at least 60 days Notification of our intention to do so.

In the case of a merging of Funds, the Company will adhere to the Canadian Life and Health Insurance Association Guideline on Individual Variable Insurance Contracts Relating to Segregated Funds, the Autorité des marchés financiers Guideline on Individual Variable Insurance Contracts Relating to Segregated Funds (in Quebec) and applicable law.

In the event that a Fund is closed (but not merged), the value of the Units attributed to this Contract will be transferred to another Fund, or if the replacement Fund does not have the same or lower Management Fee and investment objective, the Units may be withdrawn by the Owner without surrender charges. You must provide us with your written instructions at least five days before the change is effective failing which the value of the Units will be transferred to another Fund, as determined by us in our absolute discretion. In the event that all Funds are closed, the value of the remaining Units attributed to this Contract will be transferred to an interest-bearing account with the Company from which you may withdraw the value of the amounts without surrender charges.

Upon the closing of a Fund, Series or Fee Option, the value of the Units withdrawn from this Contract and attributed to this Contract in another Fund, Series or Fee Option are calculated at the Cut-Off Time on the Market Day immediately preceding the effective date of the closing of the Fund, Series or Fee Option.

In the event of the closing of any Fund, Series or Fee Option, the value of the Units withdrawn in respect of the closed Fund, Series or Fee Option and the value of the Units attributed to this Contract in another Fund, Series or Fee Option are not guaranteed (except for the guarantees of the Company applicable to the selected Guarantee) and will fluctuate with the market value of the assets of the particular Fund.


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Other InformationManagement of the Funds

The responsibility for day-to-day operations is delegated to the Company’s officers.

The Company, acting by its Board of Directors through its officers, is responsible for the day-to-day operations and management of the Funds. In particular, the Company is responsible for providing or arranging to provide certain accounting, administrative, portfolio management and other services and facilities to the Funds. In return for providing or arranging to provide these services and facilities to the Funds, the Company is paid the management charges and expenses of operation which are described under the section titled “Charges and Fees”.

Our auditor is PricewaterhouseCoopers LLP.

Material Contracts

There has been no material contract entered into within two years prior to the date hereof by the Company or any subsidiary pertaining to the Desjardins Financial Security Guaranteed Investment Funds Plan or any Fund. For the purpose of the foregoing, “material contract” means any contract not in the ordinary course of business that can be reasonably regarded as presently material to you with respect to any Fund.

Interest of Management and Others in Material Transactions

There have been no transactions within the three years prior to the date of filing of this document which has materially affected or will materially affect the Company or any of its subsidiaries with respect to the Funds.

Financial Statements

The Company will provide financial statements to you upon written notification. You may choose to receive the financial statements by mail or electronic transmission by notifying us in writing of your preference.

Other Material Facts

There are no other material facts relating to the Desjardins Financial Security Guaranteed Investment Funds Plan which are not disclosed pursuant to the foregoing items.


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Annex – AGLWB Bonus Rate and GLWB Withdrawal Percentage

GLWB Bonus RateEvery calendar year without any surrender from a Contract that has Helios2 – 75/100 GLWB as the Guarantee selected, a GLWB Bonus will be applied to the GLWB Protected Value. This GLWB Bonus will be equal to the GLWB Bonus Rate multiplied by the GLWB Bonus Base.

The GLWB Bonuses are added to the GLWB Protected Value and does not affect the market value of the Contract. The GLWB Bonus is not a cash bonus.

The GLWB Bonus Rate is equal to the 10 Year Government of Canada Benchmark Bond Yields (CANSIM Identifier V39055) as at the last business day of November of the current calendar year plus 1.5%. This rate is subject to a minimum of 2.5% and a maximum of 8%.

The Company reserves the right in its absolute discretion to change the underlying benchmark used to calculate the GLWB Bonus Rate should it become unavailable.

GLWB Withdrawal PercentageThe GLWB Withdrawal Percentage is based on the attained age of the Annuitant on the day that the first GLWB Eligible Withdrawal is made.

Please note that any surrenders of this Contract made prior to the Annuitant’s 55th birthday will be considered GLWB Excess Withdrawals. Such surrender will not set the GLWB Withdrawal Percentage.

GLWB Withdrawal Percentage Table

Age of the Annuitant

One Annuitant

More than one Annuitant

55 – 59 3.0% 2.5%

60 – 64 3.6% 3.1%

65 – 69 4.1% 3.6%

70 – 74 4.6% 4.1%

75 or older 5.0% 4.5%


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Annex – BHELIOS2 – 75/100 GLWB CASE STUDIES

Helios2 – 75/100 GLWB AT RETIREMENT

Graph no. 1 shows withdrawals and markets trending down.

Graph no. 2 shows withdrawals and markets trending up.

Maria, age 65, wants to retire with confidence. She deposits $100,000 in a Helios2 Contract. Maria selected Helios2 – 75/100 GLWB. What will the Helios2 Contract do for her?

Provide her with guaranteed and predictable withdrawals for life;

Reset the GLWB Protected Value every third year to take advantage of market upturns.

Downward market fluctuations (as shown in Graph #1) have no impact on her yearly GLWB Maximum Amount. The Guarantee she selected under her Helios2 Contract, Helios2 – 75/100 GLWB, protects her against such fluctuations.

In the event of market downturns, Maria’s Deposit would be depleted at the end of 17 years, but with Helios2 – 75/100 GLWB, her GLWB Maximum Amount would be $4,100 for the rest of her life.

In the event of market upturns, Maria would benefit from a reset of her GLWB Protected Value every three years, which would provide her a higher GLWB Maximum Amount.

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

65 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89

GLWB Maximum Amount = GLWB Withdrawal Percentage x GLWB Protected Value $4,100 = 4.1% x $100,000

GLWB Maximum Amount


Market Value

GRAPH 1:Payout and markets trending down


Market upturns would have a positive impact on Maria’s GLWB Maximum Amount because of the reset every three years. In this situation, she would benefit from a reset of her GLWB Protected Value and it would increase her GLWB Maximum Amount by $205 at age 68 and by $916 at age 71. Her GLWB Maximum Amount would be $5,221 at age 71 because her GLWB Protected Value would be increased to $113,500 and her GLWB Withdrawal Percentage would be increased to 4.6% from 4.1%.

GRAPH 2:Payout and markets trending up

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89

GLWB Maximun Amount


Market Value


Reset every three years of the GLWB Protected Value, GLWB Withdrawal Percentage and GLWB Bonus Base.

GLWB Protected Value = market valueGLWB Bonus Base = market valueGLWB Withdrawal Percentage = 4.1% (Age 68)

Reset every three years of the GLWB Protected Value, GLWB Withdrawal Percentage and GLWB Bonus Base.

GLWB Protected Value = market valueGLWB Bonus Base = market valueGLWB Withdrawal Percentage = 4.6% (Age 71)





Helios2 – 75/100 GLWB PRIOR TO RETIREMENT

Graph no. 3 shows accumulation and markets trending down.

Graph no. 4 shows accumulation and markets trending up.

Jim, age 55, wants to retire in 10 years.

He deposits $100,000 in a Helios2 Contract. Jim opted for Helios2 – 75/100 GLWB. What will the Helios2 Contract do for him?

His GLWB Protected Value will increase by the GLWB Bonus. The GLWB Bonus will be equal to the GLWB Bonus Rate multiplied

by the GLWB Bonus Base every year he does not make a withdrawal. This GLWB Bonus is added to the GLWB Protected Value, thus increasing the GLWB Maximum Amount.

Reset the GLWB Protected Value and GLWB Bonus Base every three years to take advantage of market upturns.

$103,000$107,000

$112,000$114,500

$117,000$125,000

$130,500$134,000

$138,500

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

55 56 57 58 59 60 61 62 63 64 65

GLWB Bonus = GLWB Bonus Rate x Current GLWB Bonus Base $8,000 = 8% x $100,000

When the 10 Year Government of Canada benchmark bond yield as at the last business day of November is equal to 7.0%, this triggers the maximum GLWB Bonus Rate of 8%.

GLWB Bonus = GLWB Bonus Rate x Current GLWB Bonus Base $2,500 = 2.5% x $100,000

When the 10 Year Government of Canada benchmark bond yield as at the last business day of November is equal to 0.5%, the GLWB Bonus Rate will be equal to 2.5%, the minimum rate the Company will use to calculate your GLWB Bonus.


The GLWB Bonus Rate is equal to the 10 Year Government of Canada benchmark bond yield as at the last business day of November plus 1.5%. If the 10 Year Government of Canada benchmark bond yield as at November is equal to 2.5%, the GLWB Bonus Rate will be 4%.


The first year GLWB Bonus is not prorated.


Market Value

GRAPH 3:

Accumulation and markets trending down

The above graph shows that in the event of market downturns, Jim’s Deposit will be protected. Plus, he benefits from an annual GLWB Bonus on his GLWB Protected Value equal to the GLWB Bonus Base multiplied by the GLWB Bonus Rate provided he did not make any withdrawals during the calendar year. Therefore, in 5 years at age 60, Jim would have a GLWB Protected Value of $117,000, and in 10 years, at age 65, Jim would have a GLWB Protected Value of $138,500.

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GRAPH 4:

Accumulation and markets trending up

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000

55 56 57 58 59 60 61 62 63 64 65


The first year GLWB Bonus is not prorated.

Reset every three years of the GLWB Protected Value and GLWB Bonus Base.

GLWB Protected Value = market value

GLWB Bonus Base = market value


Market Value

GLWB Bonus Base

The above graph shows that if the markets are up and Jim does not make any withdrawals, the GLWB Protected Value will increase because of the resets every three years and the GLWB Bonuses. With these two advantages, Jim’s GLWB Protected Value would be $126,000 at age 60 and $158,000 at age 65.


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Investment InformationInvestment Policies for the Funds

In order to provide the best possible choice of Funds, Desjardins Financial Security Life Assurance Company has entered into agreements with the following portfolio advisors:

• Bissett Investment Management to manage the DFS GIF – Dividend Income – Franklin Bissett, DFS GIF – Canadian Balanced – Franklin Bissett, DFS GIF – Canadian Equity – Franklin Bissett, and the DFS GIF – Small Cap – Franklin Bissett;

• CI Investments Inc. to manage the DFS GIF – Canadian Balanced – CI Signature, DFS GIF – Income and Growth – CI Signature, and the DFS GIF – Canadian Asset Allocation – CI Cambridge;

• Desjardins Funds to manage the DFS GIF – American Equity Value – Desjardins, DFS GIF – International Equity Growth – Desjardins, DFS GIF – Global Dividend – Desjardins, DFS GIF – Conservative – Desjardins SocieTerra, DFS GIF – Balanced – Desjardins SocieTerra, DFS GIF – Growth – Desjardins SocieTerra, and the DFS GIF – Maximum Growth – Desjardins SocieTerra;

• Desjardins Global Asset Management to manage the DFS GIF – Money Market and the DFS GIF – Canadian Bond;

• Fidelity Investments Canada ULC to manage the DFS GIF – Canadian Balanced – Fidelity, DFS GIF – U.S. Monthly Income – Fidelity and the DFS GIF – Canadian Equity – Fidelity True North®;

• Fiera Capital Corporation to manage the DFS GIF – Income – Fiera Capital and the DFS GIF – Canadian Balanced – Fiera Capital;

• Franklin Templeton Investments Corp. to manage the DFS GIF – Diversified Income – Franklin Quotential, DFS GIF – Balanced Income – Franklin Quotential, DFS GIF – Balanced Growth – Franklin Quotential, and the DFS GIF – Growth – Franklin Quotential;

• Jarislowsky, Fraser Limited to manage the DFS GIF – Global Balanced – Jarislowsky Fraser and the DFS GIF – Canadian Equity – Jarislowsky Fraser;

• MFS Investment Canada Limited to manage the DFS GIF – American Equity – MFS, DFS GIF – International Equity – MFS, and the DFS GIF – Global Equity – MFS;

• Northwest & Ethical Investments LP to manage the DFS GIF – Global Growth – NEI Select, DFS GIF – Growth and Income – NEI Northwest, DFS GIF – Specialty Equity – NEI Northwest and the DFS GIF – Canadian Dividend – NEI Northwest;

• BlackRock® Inc., Bissett Investment Management, Desjardins Global Asset Management, Fidelity Investments Canada ULC, to manage the DFS GIF – Conservative, DFS GIF – Moderate, DFS

GIF – Balanced, DFS GIF – Growth, and DFS GIF – Maximum Growth and Desjardins Funds to be included in such Funds.

For some of our Funds managed by Northwest & Ethical Investments LP and for Desjardins Funds, the portfolio managers have retained portfolio sub-advisors to provide portfolio management services. The portfolio sub-advisors and Funds are listed below:

Fund Underlying Fund Portfolio Advisor

DFS GIF – Growth and Income – NEI Northwest

Kingwest & Company

DFS GIF – Specialty Equity – NEI Northwest

Montrusco Bolton Investments Inc.

DFS GIF – Canadian Dividend – NEI Northwest

Beutel Goodman & Company Ltd.

DFS GIF – International Equity Growth – Desjardins

Bailie Gifford Overseas Limited

DFS GIF – Global Dividend – Desjardins

Epoch Investment Partners, Inc

DFS GIF – American Equity Value – Desjardins

Wellington Management Company, LLP

Bissett Investment Management, BlackRock® Inc., CI Investments Inc., Desjardins Funds, Fidelity Investments Canada ULC, Fiera Capital Corporation, Franklin Templeton Investments Corp, MFS Investment Canada Limited, and Northwest & Ethical Investments LP have all been retained on a non-exclusive basis to provide mutual and pooled funds to satisfy the investment policies of some of the Funds.

Desjardins Financial Security Life Assurance Company has an ethical code in place which requires that all contracts entered into with related parties be approved by the Board of Directors of the Company and which can only be approved once each agreement has been thoroughly reviewed by the Company’s Ethics and Professional Conduct Committee.

At any time our association with Bissett Investment Management, BlackRock® Inc., CI Investments Inc., Desjardins Funds, Fidelity Investments Canada ULC, Fiera Capital Corporation, Franklin Templeton Investments Corp, MFS Investment Canada Limited, and Northwest & Ethical Investments LP can be terminated with appropriate notice. The Company may also from time to time retain the services of other portfolio advisors, as it deems appropriate.

Established in Calgary in 1982, Bissett Investment Management has been a member of the Franklin Templeton Investments family since 2000. The firm applies a disciplined team approach to managing equity, income and balanced portfolios. Adhering to a "growth at a reasonable price" (GARP) investment style, Bissett Investment Management relies on a bottom-up research approach to identify reasonably priced securities that demonstrate sustainable, replicable growth.

Bissett Investment Management’s address is 350 7th Avenue S.W., Suite 3100, Calgary, Alberta, T2P 3N9.


Founded in New York in 1988, BlackRock® is a leader in investment management, risk management, and advisory services for institutional, retail and individual clients worldwide. With US $6.288 trillion in assets under management as at December 31, 2017, the firm offers a range of products including separate accounts, mutual funds, exchange traded funds and other pooled investment vehicles. It also offers risk management, advisory and enterprise investment system services to institutions through BlackRock Solutions®.

BlackRock® Inc. address is 40 East 52nd Street, 2nd Floor, New York, NY, USA 10022.

Founded in 1965, CI Investments provides a wide variety of investment products to investors by partnering with financial advisors and institutions across Canada. Guided by a strategy of seeking the best available portfolio managers, the firm offers a diverse lineup of investment options, including mutual funds, segregated funds, asset allocation programs, structured products and other alternative investments. Based in Toronto, its assets under management total $143.7 billion as at December 31, 2017.

CI Investments Inc.’s address is 2 Queen Street East, 20th Floor, Toronto, Ontario, M5C 3G7.

Experienced in the design of investment funds, Desjardins offers its members and clients Desjardins Funds, a family of investment products and solutions that allow investors to build a well-diversified portfolio. With in-force business of more than $32.1 billion as at December 31, 2017, Desjardins is one of the top investment fund producers in Quebec. Divided into six categories, Desjardins Funds provide access to the expertise of national and international partners who, because of their excellent results and their management philosophy, are among the best in their field.

Desjardins Funds’ address is 2 Complexe Desjardins, P.O. Box 9000, Desjardins Station, Montreal, Quebec, H5B 1H5.

Desjardins Global Asset Management is a subsidiary of Desjardins Asset Management whose mission is to offer optimal investment solutions that will help its partners and clients reach their goals. The firm manages approximately $63.1 billion in assets as at December 31, 2017, chiefly through management mandates from other Desjardins Group entities. Desjardins Global Asset Management is known for its expertise in fixed-income investment management, adaptive index management for both traditional and alternative sectors, multi-management, and also for its creative and innovative investment product design.

Desjardins Global Asset Management’s address is 1 Complexe Desjardins, South Tower, 25th Floor, P.O. Box 153, Desjardins Station, Montreal, Quebec, H5B 1B3.

Established in Canada in 1987, Fidelity Investments Canada ULC is part of the Fidelity Investments organization of Boston, one of the world’s largest providers of financial services. As at December 31, 2017, the firm manages over $135.6 billion in mutual fund

and institutional assets, including assets on behalf of public and corporate pension plans, endowments, foundations and other corporate clients across Canada. Fidelity Investments Canada ULC offers investors a full range of domestic, international and income-oriented mutual funds. Its clearly defined investment philosophy focuses on four major principles: individual security selection, extensive fundamental research, manager-driven decision-making and adherence to proven investment disciplines.

Fidelity Investments Canada ULC’s address is 483 Bay Street, Suite 300, Toronto, Ontario, M5G 2N7.

Fiera Capital Corporation is one of only a handful of Canadian independent investment firms. With assets under management of $128.9 billion as at December 31, 2017, the Montreal-based firm boasts a highly diversified clientele comprised of pension funds, foundations, religious and charitable organizations, high net worth individuals, financial institutions, mutual funds and managed asset platforms. Fiera Capital Corporation offers extensive expertise in Canadian and foreign equity, fixed income, asset allocation and non-traditional investment solutions through a broad range of strategies and services.

Fiera Capital Corporation’s address is 1501 McGill College Avenue, Suite 800, Montreal, Quebec, H3A 3M8.

Franklin Templeton Investments Corp. is the Canadian subsidiary of Franklin Resources, a global investment management organization located in California and known as Franklin Templeton Investments. Resulting from Franklin Resources’ acquisition of Templeton Investment Management in 1992, Franklin Templeton Investments delivers unparalleled world-class management from one global platform, with assets under management of US $948 billion as at December 31, 2017. The firm’s product diversity stems from its ability to offer five distinct, world-class investment management groups.

Franklin Templeton Investments Corp.’s address is 5000 Yonge Street, Suite 900, Toronto, Ontario, M2N 0A7.

Founded in 1955, Jarislowsky Fraser is a registered investment counselling firm managing assets of $40.3 billion as at December 31, 2017, on behalf of retirement plans and foundations. Based in Montreal, the firm distinguishes itself through its emphasis on fundamental investment research, which concentrates on identifying companies with sustainable earnings growth, strong management and a sound balance sheet.

Jarislowsky, Fraser Limited’s address is 1010 Sherbrooke St. West, Suite 2005, Montreal, Quebec, H3A 2R7.

MFS Investment Canada Limited is a global investment firm managing equity and fixed-income assets for institutional and individual investors worldwide. Founded in 1924, Massachusetts Financial Services Company established one of the world’s first in-house fundamental research departments in 1932. Based in Boston, MFS and its affiliates manage over $615.3 billion in assets


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as at December 31, 2017. The firm offers a wide range of investment products while specializing in active management of equity mandates. Its investment philosophy has remained consistent: to identify opportunities on behalf of clients based on comprehensive research.

MFS Investment Canada Limited’s address is 111 Huntington Avenue, Boston, Massachusetts, United States, 02199-7618.

Established in 2007 further to a partnership between Northwest Mutual Funds and the Ethical Funds Company, Northwest & Ethical Investments offers mutual funds nationally through financial institutions and credit unions. With approximately $6.2 billion in assets under management as at December 31, 2017, the firm integrates a true active management approach and relentless, disciplined focus on risk management into its two fund families, Northwest Funds and Ethical Funds. Ethical Funds are at the forefront of the socially responsible investing industry in Canada. Based in Toronto, Northwest & Ethical Investments is owned 50% by Desjardins Group and 50% by Canada’s Provincial Credit Union Centrals.

Northwest & Ethical Investments’ address is 151 Yonge Street, 12th Floor, Toronto, Ontario, M5C 2W7.

Investment Policies for All Funds

As a general principle, in respect of each of the Funds, we will adhere to the Canadian Life and Health Insurance Association Guideline on Individual Variable Insurance Contracts Relating to Segregated Funds, the Autorité des marchés financiers Guideline on Individual Variable Insurance Contracts Relating to Segregated Funds (in Quebec) and investment and lending policies, standards and procedures that a reasonable and prudent person would apply in respect of a portfolio of investments and loans to avoid undue risk of loss and to obtain a reasonable return.

Desjardins Financial Security Life Assurance Company and Northwest & Ethical Investments LP are subsidiaries of Desjardins Group, which maintains a partial ownership position in Fiera Capital Corporation. Policies are in place to ensure that all decisions are made in the best interest of the Funds.

The Company may lend securities in the investment portfolio of a Fund with such frequency and on such terms and conditions as the Company in its absolute discretion may determine, subject to the requirements of any applicable insurance legislation in Canada.

The sum of a Fund’s exposure to any one corporate entity will not exceed 10% of the value of the Fund at the time of investment. Furthermore, the percentage of securities of any one corporate issue that may be acquired is limited to 10% of each class of securities of any one corporate issuer, except for any corporate issue of, or a government security guaranteed by, any government authority in Canada.

The Company will not, in respect of any Fund, invest in the securities of an issuer for the purpose of exercising control or management.

The Company will not distribute the earnings of a Fund by way of dividends. The net income is retained in the Fund in each case serving to increase the value of the Fund. Reference is made to the section titled “Income Allocations for Tax Purposes”.

The investment policies of the Funds permit the use of derivative instruments with no financial leverage. Therefore, the notional value of derivatives used by any Fund will not exceed 100% of the value of the net assets of the Fund, subject to a short-term 2% variation. This variation is dependent on movements in the foreign exchange value of the currency in which assets of the Fund are invested. A derivative is a financial instrument that derives its value from an underlying security. The derivative instruments employed are subject to the risk factors described in this section. The following derivative instruments may be used in the Funds to reduce transaction costs, increase the liquidity of the portfolio, or for the specific purposes discussed:

• Forward contracts traded over-the-counter may be used to change the exposure to foreign currencies of developed countries;

• Futures contracts traded on a public exchange may be used to replicate the return of various securities market indices or to increase or decrease the asset exposure to bonds or Canadian, American, European and Asian equities. Futures contracts may also be used for hedging purposes with the intention of offsetting or reducing the risk associated with stock market fluctuations;

• Options traded on a public equities exchange may also be used for hedging purposes with the intention of offsetting or reducing the risk associated with stock market fluctuations, or to increase or decrease the asset exposure and generate income. Market exposures are the same as described above for futures contracts;

• Swap contracts traded over-the-counter may be used for hedging purposes with the intention of offsetting or reducing the risk associated with stock market fluctuations and fluctuations in currency exchange rates of developed countries, or to increase or decrease currency or asset exposures. Market exposures are the same as described above for futures contracts; and

• Warrants traded on a public exchange.

The investment policies of the Funds permit them to invest in certain secondary funds, in accordance with the Canadian Life and Health Insurance Association Guideline on Individual Variable Insurance Contracts Relating to Segregated Funds and, in Quebec, the Autorité des marchés financiers Guideline on Individual Variable Insurance Contracts Relating to Segregated Funds. Specifically, the Funds may invest in pooled funds, mutual funds, exchange-sponsored index funds, and certain publicly traded income trust funds.

Without any additional Management Fees or expenses being charged, Fiera Capital Corporation makes the pooled funds available and Bissett Investment Management, BlackRock® Inc., CI Investments Inc., Desjardins Funds, Fidelity Investments Canada ULC, Franklin Templeton Investments Corp., Jarislowsky, Fraser Limited, MFS Investment Canada Limited, and Northwest & Ethical Investments LP make their mutual funds available to


their institutional customers. Investments in these pooled funds or mutual funds by a Desjardins Financial Security Guaranteed Investment Fund (DFS GIF) will not result in charges or fees to the Fund or Owners other than previously described.

From time to time, the Funds may hold exchange-sponsored index funds in their portfolios. Exchange-sponsored index funds may include such instruments as the i60s (Units of the iUnits S&P/TSX 60 Index Participation Fund) and SPDRs (Standard & Poor’s 500 Depository Receipt) participation in which represents a proportionate interest in shares of companies listed on these exchange indices. Publicly traded income trust funds are unitized trusts, which generally distribute all income, generated by the underlying trust assets. Investment in both these types of funds involves minimal management expenses and/or fees which, to the extent they are material, are discussed further in the financial statements but are not included in the MER of the Funds.

Investments in secondary funds will occur only where the investment policy of the secondary fund conforms to the policy of the principal Fund as provided in this Document. If the underlying fund is a mutual fund, it cannot change any fundamental objectives unless the change in the objective of the underlying fund is approved by the mutual fund unitholders. Should such an event occur, Notice will be given to the Owner within three months. The principal Fund will maintain a separate Unit value from the secondary fund reflecting the fees associated with the cost of providing the Helios2 – 75/75 and administration of the Funds. For the DFS GIF – Income – Fiera Capital, and the DFS GIF – Canadian Balanced – Fiera Capital in the event that investment in a secondary fund is material, the top 25 holdings of the secondary fund will be disclosed and financial statements of the secondary fund(s) will be provided upon request.

Within the framework of all applicable restrictions, policies and laws, but subject to the foregoing, the Company is empowered to invest the assets of each Fund in any way it judges to be most effective for the attainment of the objectives under the circumstances prevailing at any time.

Principal Risk FactorsThe net asset value per Unit of each Fund will fluctuate with changes in the market value of the investments held in the Fund. These changes in market value may occur as a result of various factors, including general economic conditions, investments, market conditions and changes in interest rates, or the financial performance of the issuers of securities held in the Fund.

Certain specific types of risk which may affect the Funds from time to time are:

MARKET RISK

Market risk refers to the nature of how the price of a security is determined. Stocks are valued by a series of bid and ask prices to reach a consensus price to trade a security between buyer and seller. Stock values depend on a number of conditions such as general economic and political climate including the rate of inflation and interest rate levels.

SPECIAL EQUITIES RISK

This type of risk relates to stocks of companies that may not be traded on a public exchange or, by their nature, may have restricted marketability. An example would be a small private corporation whose shares are not sold through the typical channel of the stock exchange, but through a private transaction. Since there is no organized market for the stock, the original buyer may eventually have a limited amount of potential buyers to sell to. Likewise, small companies that are listed on a public stock exchange may have limited amounts of shares that are available to be traded on a given day, thus affecting the demand-supply relationship and consequently the price sold or paid. When companies are smaller and younger, management, earnings and the company’s outlook may generally be less stable than a larger, more well-established company.

INTEREST RATE RISK

Interest rate risk generally affects bondholders and certain other fixed-income securities holders. As the interest rate paid on the fixed-income security is fixed throughout its life, its value may fluctuate throughout the term to maturity if market rates change. Generally, when interest rates increase, the value of the Fund decreases, and when interest rates decrease, the value of the Fund increases.

CREDIT RISK

Credit risk relates to the possibility that an issuer of a bond or other fixed-income security will not be able to meet its obligation to pay the required interest payments or repay the principal amount of the security at its maturity. In effect, buying a bond is like lending money. The financial health of the borrower reflects its capacity to pay the annual interest payments to the lender and, more importantly, to repay the borrowed money. Independent and external agencies exist that evaluate and issue ratings, using a standardized approach, of a government or corporation’s financial status.

FOREIGN CURRENCY RISK

Foreign currency risk relates to the possibility of the value of foreign securities fluctuating due to changes in the currency exchange rates of the investor’s local currency relative to the currency of the foreign country in which the security is situated. In effect, when an investor purchases a foreign security, he must first convert his local currency into that of the foreign country at the going rate. If the going currency exchange rate changes throughout time, it will have an impact on the investor’s security value once converted back to his local currency. For example, if the value of the Canadian dollar increases against the value of the foreign currency, the converted value of the foreign holdings in a Fund may decrease.


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SOVEREIGN RISK

This type of risk relates to the potential of a country’s status changing, by change of form of government or otherwise, which would have a negative effect on that country’s economy or its business environment. Foreign securities may also be subject to foreign investment and exchange control laws, nationalization, expropriation, confiscatory taxation, currency controls, government regulation and intervention, diplomatic developments, high rates of inflation, or withholding tax. The risk on foreign investments may also be elevated because of reduced availability of information about foreign issuers since they are often not subject to the extensive accounting, auditing and financial reporting standards and practices applicable in North America.

DERIVATIVES RISK

Derivatives risk relates to the possibility of loss of value induced by the underlying security from which the instrument derives its value. By its nature, the principal risk involved for a derivative contract would relate to the underlying security’s nature and own risks. Thus, if the derivative contract specifies that the counterparty to a contract will pay him the price gains related to a specific stock, certain risks such as market risks, currency risks, and sovereign risks involved by directly purchasing that stock would also indirectly affect the derivative contract holder. Losses may also occur if the counterparty to a derivative transaction defaults on its obligations to pay the specified amounts of the derivative contract. In addition, derivative securities are also subject to the risk that the Fund may not be able to readily sell or close out its positions in a derivative security.


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Investment Solutions

The following investment solutions use mixes of existing mutual and pooled funds in order to attain their stated objectives.

The Company retains the right to change any of the underlying funds at its sole discretion; however, should such a change occur, Notice will be provided after the fact.

On the following pages, we show you the current investment objective and strategy for each of our investment solutions, their benchmarks as well as their CIFSC category as of the date of printing.

If the Company changes the objectives of a Fund, you will be given sixty (60) days advance Notice and have the right to transfer or exit the Fund as described in the section “Fundamental Changes”. It is important to note, that although you will receive Notice, a change in an underlying mutual fund or pooled fund will not be treated as a fundamental change and you will not have any special exit or transfer rights.

The objectives and strategies for each of the investment solutions are as follows:

A detailed description of each Fund’s investment policy

and, where applicable, the investment policy and/or

prospectus and financial statements of the underlying

fund(s) is available upon request by writing to the

Company at its principal office address noted in the front

material of this document.


DFS GIF – CONSERVATIVE

Objective of the Fund

To generate a consistent flow of income with an emphasis on the preservation of capital by investing in a number of different fixed income and equity underlying funds.

The principal risk factors of this Fund are interest rate, foreign currency, credit, sovereign, market, special equities and derivatives risk.

Strategy of the Fund

To invest in a wide array of underlying funds managed by using a multi-manager approach provided by acclaimed fund managers and sub-advisors.

Benchmark Percentage

FTSE TMX Canada Universe Bond 80%

MSCI World Net 14%

S&P/TSX 6%

CIFSC CATEGORY: Canadian Fixed Income Balanced

DFS GIF – MODERATE


To generate income while leaving room for some capital appreciation by investing in a number of different fixed income and equity underlying funds.






MSCI World Net 24.5%

S&P/TSX 10.5%


DFS GIF – BALANCED


To provide investors with an attractive balance of current income and capital appreciation by investing in a number of different fixed income and equity underlying funds.






MSCI World Net 35%

S&P/TSX 15%

CIFSC CATEGORY: Canadian Neutral Balanced

DFS GIF – GROWTH


To emphasize appreciation of capital while still generating some income by investing in a number of different fixed income and equity underlying funds.





MSCI World Net 45.5%


S&P/TSX 19.5%

CIFSC CATEGORY: Global Equity Balanced

INVESTMENT SOLUTIONS


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DFS GIF – MAXIMUM GROWTH


To maximize the appreciation of capital while still generating some income by investing in a number of different fixed income and equity underlying funds.





MSCI World Net 56%

S&P/TSX 24%




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Responsible Investment Portfolios

Each of the following responsible investment portfolios invest in an underlying fund which in turn uses mixes of mutual funds and pooled funds in order to attain their stated objectives.

The underlying funds selected use an investment strategy which seeks to generate both financial and sustainable value. Responsible Investing (“RI”) means integrating the analysis of environmental, social and governance (“ESG”) factors into investment selection and management over a long-term horizon in order to finance companies that contribute to sustainable development.

A detailed description of each Fund’s investment policy and, where applicable, the investment policy and/or prospectus and financial statements of the underlying fund(s) is available upon request by writing to the Company at its principal office address noted on page 4 of this document.

On the following pages, we show you the current investment objective and strategy for each responsible investment portfolio, their benchmarks as well as their CIFSC category.

The DFS GIF – Conservative – Desjardins SocieTerra, DFS GIF – Balanced – Desjardins SocieTerra, DFS GIF – Growth – Desjardins SocieTerra and DFS GIF – Maximum Growth – Desjardins SocieTerra all use geographic and asset class weightings to determine which of the underlying mutual and pooled funds are most suitable to meet the investment objectives of each fund. These weightings are subject to change at the sole discretion of the underlying fund manager, who also retains the right to change any and all of the underlying funds without advance notice to either the Company or the Owner(s).

If the Company changes the objectives of a Fund, you will be given sixty (60) days advance Notice and have the right to transfer or exit the Fund as described in the section “Fundamental Changes”. It is important to note, that although you will receive Notice, a change in an underlying mutual fund or pooled fund will not be treated as a fundamental change and you will not have any special exit or transfer rights.

The objectives and strategies for each of the responsible investment portfolios are as follows:


DFS GIF – CONSERVATIVE – DESJARDINS SOCIETERRA


To provide income and achieve a moderate level of long-term capital appreciation by investing primarily in Canadian, and to a lesser extent, foreign equity and fixed-income bonds and/or in units of mutual funds which themselves invest primarily in Canadian or foreign equity and fixed-income bonds. The Fund follows a responsible approach to investing.


To reach the Fund's investment objective, selection of the securities and/or the underlying fund as well as the percentage of the assets that will be invested in each of these securities or underlying funds will be based on the following target weightings: Fixed-income (71%) and Growth (29%).

The principal risk factors of this Fund are foreign currency risk, credit risk, market risk and interest rate risk.



MSCI World 20%

S&P / TSX 9%


DFS GIF – BALANCED – DESJARDINS SOCIETERRA


To achieve a balance between long-term capital appreciation and income by investing primarily in Canadian, and to a lesser extent, foreign equity and fixed-income securities and/or in units of mutual funds which themselves invest primarily in Canadian or foreign equity and fixed-income securities. The Fund follows a responsible approach to investing.


To reach the Fund's investment objective, selection of the securities and/or the underlying funds as well as the percentage of the assets that will be invested in each of these securities or underlying funds will be based on the following target weightings: Fixed-income (55%) and Growth (45%).




MSCI World 31%

S&P/TSX 14%


RESPONSIBLE INVESTMENT PORTFOLIOS


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DFS GIF – GROWTH – DESJARDINS SOCIETERRA


To provide long-term capital appreciation and to a lesser extent, income. The Fund invests primarily in Canadian, and to a lesser extent, foreign equity and fixed-income bonds and/or in units of mutual funds which themselves invest primarily in Canadian or foreign equity and fixed-income bonds. The Fund follows a responsible approach to investing.





MSCI World 42%


S&P/TSX 18%

CIFSC CATEGORY: Global Neutral Balanced

DFS GIF – MAXIMUM GROWTH – DESJARDINS SOCIETERRA


To achieve long-term capital appreciation. The Fund invests primarily in Canadian, and to a lesser extent, foreign equity and fixed-income bonds and/or in units of mutual funds which themselves invest primarily in Canadian or foreign equity and fixed-income bonds. The Fund follows a responsible approach to investing.





MSCI World 56%

S&P/TSX 24%




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Individual Funds

A detailed description of each Fund’s investment policy and, where applicable, the investment objective, policy and/or prospectus and financial statements of the underlying fund is available upon request by writing to the Company at its principal office address noted on page 4 of this document.

On the following pages, we show you the current investment objective and strategy for each of our Funds as well as their benchmarks and CIFSC category.

The DFS GIF – Diversified Income – Franklin Quotential, DFS GIF – Balanced Income – Franklin Quotential, DFS GIF – Balanced Growth – Franklin Quotential and DFS GIF – Growth – Franklin Quotential all use geographic and asset class weightings to determine which of the underlying mutual and pooled funds are most suitable to meet the investment objectives of each fund. These weightings are subject to change at the sole discretion of Franklin Templeton Investments Corp., which also retains the right to change any and all of the underlying funds without advance notice to either the Company or the Owner(s).

The DFS GIF – Global Growth – NEI Select uses geographic and asset class weightings to determine which of the underlying mutual and pooled funds are most suitable to meet the investment objectives of the Fund. These weightings are subject to change at the sole discretion of Northwest & Ethical Investments LP which also retains the right to change any and all of the underlying funds without advance notice to either the Company or the Owner(s).

If the Company changes the objectives of a Fund, you will be given 60 days advance Notice and have the right to transfer or exit the Fund as described in the section “Fundamental Changes”. It is important to note, that although you will receive Notice, a change in an underlying mutual fund or pooled fund will not be treated as a fundamental change and you will not have any special exit or transfer rights.

The objectives and strategies for each of the Funds are as follows:


DFS GIF – MONEY MARKET


To provide a higher level of interest income than can normally be obtained from savings accounts, combined with a high level of liquidity and safety of capital.


To invest primarily in Canadian government treasury bills and in bankers’ acceptances, which have a maximum maturity of 12 months. The Fund’s modified duration may not exceed 180 days.

The principal risk factors of this Fund are interest rate and market risk.

Benchmark

FTSE TMX Canada 91 Day Treasury Bills

CIFSC CATEGORY: Canadian Money Market

DFS GIF – INCOME – FIERA CAPITAL


To provide above-average interest income with some potential for capital growth by investing primarily in bonds and other interest-bearing instruments of Canadian federal and provincial governments and investment-grade corporations.


To place emphasis primarily on medium and long-term maturities. Such maturities normally provide higher returns and better potential for capital gains but also higher variability of performance during periods of rapidly changing interest rates.

The principal risk factors of this Fund are interest rate, market and some credit risk.

Benchmark

FTSE TMX Canada Universe Bond

CIFSC CATEGORY: Canadian Fixed Income

DFS GIF – CANADIAN BOND


To provide regular income and capital security by investing in a portfolio of fixed-income securities from the Canadian bond market.


This Fund, actively managed, aims to provide regular income and capital security by investing in a portfolio of fixed-income securities from the Canadian bond market. The Fund employs a fundamental investment approach targeting a consistent allocation of value added sources. The strategy seeks to add value through management of duration, yield curve and credit risk.

The principal risk factors of this Fund are credit risk and interest rate risk.

Benchmark

FTSE TMX Canada Universe Bond

CIFSC CATEGORY: Canadian Fixed Income

INDIVIDUAL FUNDS – Income Funds


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DFS GIF – DIVERSIFIED INCOME – FRANKLIN QUOTENTIAL


To provide a balance of capital growth and interest income by investing primarily in units of an underlying fund in order to gain the desired exposure to the equity and fixed income markets.


To emphasize investments in fixed income underlying funds in order to provide income and capital preservation. The Fund also invests, to a lesser extent, in equity underlying funds in order to increase the potential for capital appreciation over a longer investment horizon.




Bloomberg Barclays Multiverse 25%

S&P/TSX 15%

MSCI All Country World Net 5%

CIFSC CATEGORY: Global Fixed Income Balanced

INDIVIDUAL FUNDS – Balanced and Asset Allocation Funds

DFS GIF – BALANCED INCOME – FRANKLIN QUOTENTIAL


To provide a balance of capital growth and interest income by investing primarily in units of an individual underlying fund in order to gain the desired exposure to the equity and fixed income markets.


To invest in fixed income underlying funds in order to provide income and capital preservation. The Fund also invests in equity underlying funds in order to increase the potential for capital appreciation over a longer investment horizon.




S&P/TSX 20%

MSCI All-Country World Net 20%

Bloomberg Barclays Multiverse Bond 15%



DFS GIF – CANADIAN BALANCED – FIDELITY


To achieve high total investment return using a diversified portfolio targeting long-term capital appreciation and a regular income stream through investment in any kind of equity or fixed-income security or money market instrument. The fundamental investment objective of the Fund is to provide investors with a balanced asset mix with the potential for capital growth.


Target fixed asset allocation to deliver superior long-term growth potential and reduced levels of risk. The Fund invests primarily in a mix of Canadian equity securities, investment grade bonds, high yield securities and money market instruments. The equity investment decisions are based on a thorough examination of the company, financial conditions and long-term earnings potential.

The principal risk factors of this Fund are interest rate risk, special equities risk, derivatives risk, market risk and credit risk.


S&P/TSX Capped 50%


Merrill Lynch High Yield Master II 10%

CIFSC Category: Canadian Neutral Balanced

DFS GIF – U.S. MONTHLY INCOME – FIDELITY


To achieve a combination of a steady flow of income and the potential for capital gains by investing in a mix of U.S. income-producing securities.


The Fund invests primarily in a mix of U.S. income-producing securities, either directly or indirectly through investments in underlying funds. The Fund’s neutral mix is 50% exposure to equity securities and 50% exposure to fixed-income securities. These securities may be U.S. securities or non-U.S. securities but at least 70% of the Fund’s net assets will be invested in U.S. dollar-denominated investments.



Russell 3000 Value 40%

Bloomberg Barclays U.S. Aggregate Bond 31%Bank of America ML High Yield Master II Constrained 12%

FTSE NAREIT Equity REITs Index 7%

Bank of America ML all US Convertibles 5%

JP Morgan EMBI Global Diversified 5%




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DFS GIF – GLOBAL BALANCED – JARISLOWSKY FRASER


To provide investors with an opportunity to achieve a high rate of return by investing in a diversified portfolio consisting of a balance of equity and fixed-income securities of issuers located throughout the world.


To provide such an opportunity through a diversified portfolio consisting of a balance of mainly large cap equity and mainly investment grade fixed-income securities of issuers located throughout the world.

The principal risk factors of this Fund are interest rate risk, market risk, foreign currency risk and credit risk.



S&P/TSX 22%

S&P 500 16%

MSCI EAFE Net 16%

FTSE TMX Canada 91 Day Treasury Bills 6%


DFS GIF – CANADIAN BALANCED – FIERA CAPITAL


To provide investors with a balance of capital growth and interest income by investing primarily in Canadian fixed income and equity securities.


To provide such a balance by investing a portion of its assets in the common shares of medium and large cap Canadian corporations and the remainder in Canadian government and Canadian investment-grade corporate bonds and other interest-bearing instruments.

The principal risk factors of this Fund are interest rate, market, derivative and some minor foreign currency and credit risk.


S&P/TSX Capped 40%


MSCI World Net 20%

FTSE TMX Canada 91 Day Treasury Bills 10%



DFS GIF – CANADIAN BALANCED – FRANKLIN BISSETT


To provide investors with a balance of current income and long-term capital appreciation primarily through the investment in Canadian fixed-income and equity securities.


To provide such an opportunity by investing in a diversified portfolio of Franklin Bissett mutual funds. The underlying funds may invest in foreign securities.

The principal risk factors of this Fund are interest rate, market and some minor foreign currency and credit risk.


FTSE TMX Canada Universe Bond 35.0%

S&P/TSX 32.5%

S&P 500 10.0%

MSCI EAFE Net 10.0%

S&P/TSX Small Cap 5.0%

Bloomberg Barclays U.S. Aggregate Bond 2.5%

J.P. Morgan Global Government Bond 2.5%

MSCI Emerging Markets Net 2.5%


DFS GIF – BALANCED GROWTH – FRANKLIN QUOTENTIAL




To emphasize investments in equity underlying funds in order to increase the potential for capital appreciation over a longer investment horizon. The Fund also invests, to a lesser extent, in fixed income underlying funds in order to provide stability.




S&P/TSX 30%






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DFS GIF – CANADIAN BALANCED – CI SIGNATURE


To provide investors with an attractive balance of current income and capital appreciation by investing primarily in a combination of Canadian equity and equity-related securities and fixed income securities.


For the equity portion, the Fund invests primarily in companies providing a stable income or consistent dividends. For the fixed income portion, the portfolio advisor selects high-quality fixed income securities, including bank loans and floating rate debt instruments but may choose to shift the weighting of the portion of the Fund held in bonds with longer terms to maturity depending on the expected fluctuations in interest rates. The Fund may also invest in foreign securities as well as warrants, and derivatives, the latter to aid in hedging against potential losses resulting from changes in the prices of the securities that the Fund has invested in as well as any exposure from foreign currencies.

The principal risk factors of this Fund are credit risk, interest rate risk, special equities risk, market risk, foreign currency risk and derivatives risk.



S&P/TSX 30%



DFS GIF – INCOME AND GROWTH – CI SIGNATURE


The objective of this Fund is to provide a steady flow of current income while preserving capital by obtaining exposure primarily to equity, equity related and fixed income securities of Canadian issuers.


The Fund invests in a combination of equity, fixed income and derivatives. Broadly diversified by sector and style, preferred and common shares make up portions of the Fund’s investments in equity securities. The fixed income portion of the Fund’s investments is comprised of high-yielding government and corporate bonds, debentures and notes, including some securities that are unrated or have credit ratings below investment grade. The Fund may also invest in real estate investment trusts (REITs), royalty trusts, income trusts and other similar high yielding instruments.

The principal risk factors of this Fund are market risk, derivatives risk, currency risk, credit risk, and interest rate risk.


S&P/TSX 30%



Merrill Lynch High Yield Master II 15%

S&P/TSX Composite High Dividend 10%



DFS GIF – GROWTH AND INCOME – NEI NORTHWEST


To provide a consistent stream of income and capital appreciation by investing primarily in a mix of Canadian equities and fixed-income securities.


To invest in a diversified portfolio consisting primarily of a balance of large cap equity and investment grade fixed-income securities issued principally by Canadian issuers.

The principal risk factors of this Fund are interest rate, market, some minor foreign currency and credit risk.


S&P/TSX 55%


MSCI World Net 20%


DFS GIF – GLOBAL GROWTH – NEI SELECT


To provide a balance of capital growth and interest income by investing primarily in units of individual underlying funds in order to gain the desired exposure to the equity and fixed income markets.


To emphasize investments in equity underlying funds in order to increase the potential for capital appreciation over a longer investment horizon. The Fund also invests to a lesser extent, in fixed income underlying funds in order to provide income and capital preservation.

The principal risk factors of this Fund are interest rate, credit, foreign currency, sovereign, market and derivatives risk.


MSCI World Net 56%


S&P/TSX 14%




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DFS GIF – CANADIAN ASSET ALLOCATION – CI CAMBRIDGE


The objective of this Fund is to achieve a superior total investment return directly or indirectly, in a combination of primarily equity and fixed income securities of Canadian companies. Indirect investments may include convertible securities, derivatives, equity-related securities and securities of other mutual funds.


The Fund is actively managed with a disciplined bottom-up selection process. The strategy uses exposure in equity, fixed income instruments and cash and cash equivalents to achieve the Fund objective. The investments in each asset class will vary dependent on market conditions. The Canadian fixed income securities portion of the portfolio will consist mainly of high quality government and corporate bonds while foreign securities can make up part of the equity portion of the portfolio.

The principal risk factors for this Fund are market risk, credit risk, currency risk, derivatives risk and interest rate risk.


S&P/TSX 60%


CIFSC CATEGORY: Tactical Balanced

DFS GIF – GROWTH – FRANKLIN QUOTENTIAL




To emphasize investments in a diversified mix of equity underlying funds in order to increase the potential for capital appreciation over a longer investment horizon. The Fund also invests, to a lesser extent, in fixed income underlying funds in order to provide income and capital preservation.




S&P/TSX 35%





DFS GIF – DIVIDEND INCOME – FRANKLIN BISSETT


To provide the investor with a consistent return through investment in dividend paying common shares and preferred shares.


To invest in a diversified portfolio of large cap Canadian issuer preferred shares and common shares as well as common shares of large cap United States issuers with long histories of dividend growth. From time to time the Fund also invests in investment grade interest-bearing securities to a maximum of 25% of the total assets of the Fund.

The principal risk factors of this Fund are interest rate, foreign currency, credit and market risk.


S&P/TSX 60%

S&P 500 20%


S&P/TSX Preferred Share 5%

CIFSC CATEGORY: Canadian Equity Balanced

DFS GIF – CANADIAN DIVIDEND – NEI NORTHWEST


The objective of this Fund is to achieve a balance between high dividend income and capital growth by investing mainly in a diversified portfolio of blue chip Canadian common stocks and, to a lesser extent, in high-yield preferred stocks and interest bearing securities.


The Fund invests in primarily blue chip common stocks but may also invest in preferred stocks, bonds, purchase warrants and rights, royalty trusts and income trusts with preference given to capital growth while still providing a high regular level of income. Quality liquid corporations whose management has built shareholder value over time not to mention a proven ability to generate free cash flow, supporting growth and profitability as well as providing management with the ability to make strategic acquisitions, buy back stock and pay increasing dividends are preferred investments for this Fund. While equity securities including preferred stocks providing stable income are favoured, any small, mid and large capitalization Canadian corporations in a variety of industries meeting these criteria will be considered.

The principal risk factors of this Fund are foreign currency risk, market risk, and interest rate risk.

Benchmark

S&P/TSX

CIFSC CATEGORY: Canadian Dividend & Income Equity

INDIVIDUAL FUNDS – Canadian Equity Funds


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DFS GIF – CANADIAN EQUITY – JARISLOWSKY FRASER


To achieve long-term capital appreciation while continuing to emphasize the preservation of capital by investing primarily in large cap Canadian equity securities.


To invest primarily in Canadian equity securities in areas of the Canadian economy where superior rates of growth are expected.

The principal risk factor of this Fund is market risk.

Benchmark

S&P/TSX

CIFSC CATEGORY: Canadian Equity

DFS GIF – CANADIAN EQUITY – FIDELITY TRUE NORTH®


To achieve strong long-term capital growth by investing primarily in equity securities of Canadian companies that have a history of strong capital growth over the long-term. The fundamental investment of this Fund is to achieve long-term capital appreciation while still emphasizing the preservation of capital by investing primarily in Canadian equity securities.


To invest primarily in small, medium and large Canadian companies. The Fund may also invest in a limited portion of foreign securities. The Fund may also use, to a lesser degree, derivatives such as options, futures, forward contracts and swaps to protect against losses caused by changes in stock prices or exchange rates.

The principal risk factors of this Fund are special equities risk, derivatives risk, market risk, interest rate risk, foreign currency risk and credit risk.

Benchmark

S&P/TSX Capped



INDIVIDUAL FUNDS – Canadian Equity Funds

DFS GIF – CANADIAN EQUITY – FRANKLIN BISSETT


The fundamental investment objective of this Fund is to achieve long-term capital appreciation while continuing to emphasize the preservation of capital by investing primarily in Canadian equity securities.


To invest primarily in mid to large cap Canadian equity securities of growth-oriented companies. The Fund may also have a foreign equity component.

The principal risk factors of this Fund are market and minor foreign currency risk.

Benchmark

S&P/TSX


DFS GIF – SPECIALTY EQUITY – NEI NORTHWEST


To achieve capital appreciation over the longer term by investing primarily in the equity of smaller, fast growing Canadian companies with small market capitalizations under a billion dollars.


To invest primarily in common shares and other equity securities issued by companies that are financially strong and have distinct competitive advantages at relative valuations.

The principal risk factors of this Fund are special equities and market risk.


S&P/TSX Small Cap 50%

S&P/TSX Completion 50%

CIFSC CATEGORY: Canadian Small/Mid Cap Equity


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DFS GIF – SMALL CAP – FRANKLIN BISSETT


To provide investors with long-term capital appreciation. The Fund invests mainly in shares of Canadian companies with small to medium market capitalizations which are expected to provide above-average returns.


To be fully diversified at all times to compensate for the volatility inherent in investing in small capitalization equities.

The principal risk factors of this Fund are market, special equities and foreign currency risk.

Benchmark

S&P/TSX Small Cap

CIFSC CATEGORY: Canadian Small/Mid Cap Equity


INDIVIDUAL FUNDS – Foreign Equity Funds

DFS GIF – AMERICAN EQUITY – MFS


To outperform the S&P 500.


To invest mainly in large cap equity securities of corporations located in the United States.

The principal risk factors of this Fund are special equity, foreign currency and market risk.

Benchmark

S&P 500

CIFSC Category: U.S. Equity

DFS GIF – AMERICAN EQUITY VALUE – DESJARDINS


To provide investors with long-term capital growth by investing primarily in U.S. equities.


To invest primarily in the common shares of high quality, publicly traded mid to large United States companies across a wide range of market sectors.

The principal risk factors of this Fund are foreign currency, derivatives and market risk.

Benchmark

S&P 500

CIFSC Category: U.S. Equity

DFS GIF – GLOBAL DIVIDEND – DESJARDINS


The objective of this Fund is to provide dividend income and long term capital appreciation through the investment in equity and equity related securities of companies around the world, including, when deemed appropriate, emerging markets.


In order to achieve its investment objective, the Fund invests in companies with high dividend yields and whose management teams optimize their balance sheets through the redemption of shares or reducing debt or by opting to increase cash flows sufficiently to allow for the opportunity for dividend growth. Companies are selected which show stable or high profit growth, a lower than average debt in comparison to their industry average and whose securities are traded at a reasonable price in relation to other companies with similar characteristics. Equity related securities such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) may be used to gain exposure to a particular stock or sector.

The principal risk factors of this Fund are foreign currency risk, derivatives risk, sovereign risk and market risk.

Benchmark

MSCI World Net

CIFSC CATEGORY: Global Equity


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DFS GIF – GLOBAL EQUITY – MFS


To achieve long-term capital growth by investing primarily in equity securities.


To control the level of volatility of return relative to the overall stock markets by maintaining strong geographic diversification and by investing in attractively-valued securities. The Fund will primarily invest in common stocks of American, European, and Asian corporations.

The principal risk factors of this Fund are foreign currency, derivatives, sovereign and market risk.

Benchmark

MSCI All Country World Net

CIFSC Category: Global Equity

DFS GIF – INTERNATIONAL EQUITY – MFS


The fundamental investment objective of this Fund is to provide investors with long-term capital growth based on an internationally diversified equity portfolio by investing primarily in Europe and the Far East.


To invest its assets primarily in the common shares of large corporations with attractive relative valuations located in many countries.

The principal risk factors of this Fund are foreign currency, derivatives, sovereign and market risk.

Benchmark

MSCI EAFE Net

CIFSC Category: International Equity

DFS GIF – INTERNATIONAL EQUITY GROWTH – DESJARDINS


The objective of this Fund is to achieve long-term capital growth by investing in equity and equity related securities of companies located or operating outside of North America, while when appropriate, also investing in equity and equity related securities of companies located or operating in emerging markets.


Investment decisions are backed by extensive research and analysis with preference given to those companies that can sustain above average growth in earnings and cash flow and whose securities are traded at a reasonable price. The investment approach involves a bottom-up, stock driven approach to country and sector allocation and more specifically, those companies with sustainable competitive advantages and strong management teams operating in a favourable market background and display solid financial characteristics.

The principal risk factors of this Fund are market risk, derivatives risk, foreign currency risk, and sovereign risk.

Benchmark

MSCI EAFE Net

CIFSC Category: International Equity


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Fund Facts – Desjardins Financial Security Guaranteed Investment Funds

This section of the Contract and Information Folder contains individual Funds Facts for each Fund available through your Helios2 Contract. You can choose to invest in one or more of these Funds.

The individual Fund Facts give you an idea of what each Fund invests in, how it has performed and what fees or charges may apply.

We show performance data for our Funds, which include tables, charts and graphs. The tables show selected key financial information about each Fund and are intended to help you understand each Fund’s financial performance since inception.

This information is derived from that particular Fund’s audited annual financial statements. The returns shown in these Fund Facts assume no withdrawals are made. It is important to remember that how the Fund has performed in the past does not necessarily indicate how it will perform in the future.

Further information about the holdings of the underlying funds is available upon request.

The description of each Fund in the individual Fund Facts is not complete without the following description of “What if I change my mind” and “For more information”.

What if I change my mind?

You can cancel your Contract within two business days of the earlier of the date you received confirmation or five business days after it is mailed. You can also change your mind about subsequent purchases you make under the Contract within the earlier of two business days of the date you received confirmation or five business days after it is mailed to you. In this case, the right to cancel only applies to the new purchase.

You have to tell your insurer in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of your Deposit or its value, if it has gone down. The amount returned only applies to the specific purchase and will include a refund of any sales charges or other fees you paid.

For more information

This summary may not contain all the information you need. Please read the Contract and Information Folder. You may also contact us at:

Desjardins Financial Security

Mailing Address: 1 Complexe Desjardins, P.O. Box 9000, Montreal, QC H5B 1H5

Website: desjardinslifeinsurance.com

Email address: [email protected]

Telephone: 1-888-729-3422

Fax Number: 1-888-926-2987

http://desjardinslifeinsurance.com

mailto:gifclientservice%40dfs.ca?subject=


2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CONSERVATIVEFinancial Information as at December 31, 2017

4. How has the Fund performed?

This section tells you how the Fund has performed for a Contract Owner who chose Helios2 – 75/75. Returns are after the MER has been deducted.

It’s important to note that this doesn’t tell you how the Fund will perform in the future. Also, your actual return will depend on the Guarantee you choose and on your personal tax situation.

Average returnA Contract Owner who deposited $1,000 in the Fund and chose Helios2 – 75/75 on February 24, 2014 and Series 6 now has $1,084. This works out to an average of 2.1% a year.

Year-by-year returnsThis chart shows how the Fund has performed in each of the past 4 years for a Contract Owner who chose Helios2 – 75/75. Since February 24, 2014, the Fund went up in value 4 years and down in value 0 years of the 4.

Inception Date: Fund: February 24, 2014 Series 6: February 24, 2014 Series 8: April 30, 2018Total Value (000’s): Series 6: 14,519

Series 8: N/ANet Asset Value per Unit: Series 6: 5.42

Series 8: N/ANumber of Units Outstanding (000’s): Series 6: 2,677

Series 8: N/A

Management Expense Ratio (MER): Series 6: 2.46% Series 8: 2.14%

Portfolio Manager: Multi-managersPortfolio Turnover Rate: 42.11Minimum Deposit: Variable

3. What does this Fund invest in?

This Fund invests in bond (80%) and equity (20%) underlying funds.

Top investments

DGIA Canadian Bond Fund 44.2%Desjardins Enhanced Bond Fund 19.1%Desjardins Short-Term Income Fund 16.0%BlackRock CDN US Equity Index Fund 7.7%Desjardins Overseas Equity Value Fund 3.1%Desjardins Overseas Equity Growth Fund 3.1%Desjardins Canadian Equity Fund 2.0%Franklin Bissett Canadian Equity Fund 2.0%Fidelity True North® Fund 2.0%Cash and Cash Equivalents 0.8%TOTAL 100%

TOTAL INVESTMENTS: 10

Investment Allocation as at December 31, 2017

-2.5

0.0

2.5

5.0

2017201620152014*

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $

(1) DSF FPG – Marché monétaire(2) Bons du Trésor à 91 jours DEX

3.60

0.96

Series 6

2.48

1.13

* Return is for a partial year from date first offered for sale.

DSF FPG – SécuritaireDFS GIF – Conservative

78.6% Bonds 7.6% American Equity 6.1% International Equity 6.0% Canadian Equity 1.6% Cash / Money Market


Fun

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5. How risky is it?

The value of your Deposit can go down.

Very Low Low Low to moderate Moderate Moderate

to high High

6. Are there any guarantees?

This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down. (The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.

7. Who is this Fund for?

This Fund may be right for a person seeking security of capital.

8. How much does it cost?

The following tables show the fees and expenses you could pay to buy, own and sell Units of the Fund. The ongoing fees and expenses are different for each Guarantee.

A. Sales Charges

Fee Option What you pay How it works

No Load You don’t have to pay anything.

• There are no sales charges and your representative receives no commission.Fee Option A

Low Load Sales Charge If you sell within:1 year of buying2 years of buying3 years of buyingAfter 3 years

3.0%2.5%2.0%0.0%

• When you make a Deposit, Desjardins Financial Security pays a gross commission of 2.5%.

• Any low load sales charge you pay goes to Desjardins Financial Security.

• The low load sales charge is a set rate. It is deducted from the amount you sell.

• You can sell up to 12% of your Units each year without paying a low load sales charge.

• You can switch to Units of other Funds under the insurance contract at any time, provided both Funds are offered under the Guarantee you have chosen without paying a low load sales charge.

Fee Option B

Deferred Sales Charge If you sell within:1 year of buying2 years of buying3 years of buying4 years of buying5 years of buying6 years of buying7 years of buyingAfter 7 years

5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%


• Any deferred sales charge you pay goes to Desjardins Financial Security.

• The deferred sales charge is a set rate. It is deducted from the amount you sell.

• You can sell up to 12% of your Units each year without paying a deferred sales charge.

• You can switch to Units of other Funds under the insurance contract at any time, provided both Funds are offered under the Guarantee you have chosen without paying a deferred sales charge.

Fee Option C


1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CONSERVATIVEFinancial Information as at December 31, 2017

B. Ongoing Fund FeesThe MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i, Helios2 – 100/100 i, or Helios2 – 75/100 GLWB and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.

Guarantee MER (annual rate as a % of the Fund’s value) – Series 6

MER (annual rate as a % of the Fund’s value) – Series 8

Additional guarantee fee – Series 6 or Series 8

Helios2 – 75/75 2.46% 2.14% None if you choose only Helios2 – 75/75

Helios2 – 75/100 i If you choose Helios2 – 75/100 i or Helios2 – 100/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee.

If you choose Helios2 – 75/100 i or Helios2 – 100/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee. 0.50%



Helios2 – 75/100 GLWB If you choose Helios2 – 75/100 i or Helios2 – 100/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee.


C. Trailing CommissionDesjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends the Fee Option you choose:

• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years

and 1.00% of the market value of the Units attributed to this Fee Option thereafter.• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.

D. Short Term Trading FeesShort-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a fee of 2% of the transaction amount, in addition to any applicable charges.



9. What if I change my mind?

You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see page 85 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 85.

If you choose Helios2 – 75/100 i or Helios2 – 100/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee.


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2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – MODERATEFinancial Information as at December 31, 2017









Series 8: N/A





Top investments

DGIA Canadian Bond Fund 35.7%Desjardins Enhanced Bond Fund 15.4%BlackRock CDN US Equity Index Fund 13.3%Desjardins Short-Term Income Fund 12.9%Desjardins Overseas Equity Value Fund 5.5%Desjardins Overseas Equity Growth Fund 5.3%Desjardins Canadian Equity Fund 3.5%Franklin Bissett Canadian Equity Fund 3.5%Fidelity True North® Fund 3.5%Cash and Cash Equivalents 1.4%TOTAL 100%



DSF FPG – ModéréDFS GIF – Moderate


-5

0

5

10

2017201620152014*

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 6

1.50

4.15

2.10

4.15



1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – MODERATEFinancial Information as at December 31, 2017

5. How risky is it?



to high High


This Fund is being offered under an insurance contract. It comes with guarantees that may protect a Contract Owner’s Deposit if markets go down. (The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.


This Fund may be right for a person seeking a conservative capital growth and interest income.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5 %5.0 %5.0 %4.0 %4.0 %3.0 %2.0 %0.0 %






Fee Option C


Fun

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B. Ongoing Fund FeesThe MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i, Helios2 – 100/100 i or Helios2 – 75/100 GLWB and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.









Helios2 – 75/100 GLWB If you choose Helios2 – 75/100 i or Helios2 – 100/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee.


C. Trailing CommissionDesjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Fee Option you choose:








If you choose Helios2 – 75/100 i or Helios2 – 100/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee.


2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – BALANCEDFinancial Information as at December 31, 2017









Series 8: N/A





Top investments

DGIA Canadian Bond Fund 29.5%BlackRock CDN US Equity Index Fund 19.2%Desjardins Enhanced Bond Fund 12.7%Desjardins Overseas Equity Value Fund 7.9%Desjardins Overseas Equity Growth Fund 7.6%Desjardins Short-Term Income Fund 7.5%Franklin Bissett Canadian Equity Fund 5.0%Fidelity True North® Fund 5.0%Desjardins Canadian Equity Fund 5.0%Cash and Cash Equivalents 0.6%TOTAL 100%



DSF FPG – ÉquilibréDFS GIF – Balanced

49.5% Bonds 19.1% American Equity 14.9% Canadian Equity 10.6% International Equity 1.1% Cash / Money Market

-5

0

5

10

2017201620152014*

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 6

4.17

2.16

6.12

3.25



Fun

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acts

5. How risky is it?



to high High


This Fund is being offered under an insurance contract. It comes with guarantees that may protect a Contract Owner’s Deposit if markets go down. (The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.


This Fund may be right for a person seeking a balance of current income and capital appreciation.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C


1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – BALANCEDFinancial Information as at December 31, 2017






Helios2 – 75/100 i If you choose Helios2 – 75/100 i, Helios2 – 100/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee.

If you choose Helios2 – 75/100 i, Helios2 – 100/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee. 0.70%



Helios2 – 75/100 GLWB If you choose Helios2 – 75/100 i, Helios2 – 100/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee.










If you choose Helios2 – 75/100 i, Helios2 – 100/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee.


Fun

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acts

2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – GROWTHFinancial Information as at December 31, 2017









Series 8: N/A





Top investments

BlackRock CDN US Equity Index Fund 24.6%DGIA Canadian Bond Fund 21.9%Desjardins Overseas Equity Value Fund 10.3%DDesjardins Overseas Equity Growth Fund 10.0%Desjardins Enhanced Bond Fund 9.4%Desjardins Canadian Equity Fund 6.6%Franklin Bissett Canadian Equity Fund 6.6%Fidelity True North® Fund 6.5%Desjardins Short-Term Income Fund 3.5%Cash and Cash Equivalents 0.6%TOTAL 100%



DSF FPG – CroissanceDFS GIF – Growth


-5

0

5

10

2017201620152014*

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 6

2.76

5.27

4.31

7.76



1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – GROWTHFinancial Information as at December 31, 2017

5. How risky is it?



to high High




This Fund may be right for a person seeking long term capital growth and income.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C


Fun

d F

acts






Helios2 – 75/100 i If you choose Helios2 – 75/100 i, Helios2 – 100/100 i or Helios2 – 75/100 GLWB you will have to pay both the MER and the additional guarantee fee.

If you choose Helios2 – 75/100 i, Helios2 – 100/100 i or Helios2 – 75/100 GLWB you will have to pay both the MER and the additional guarantee fee. 0.70%

Helios2 – 100/100 i If you choose Helios2 – 75/100 i, Helios2 – 100/100 i or Helios2 – 75/100 GLWB you will have to pay both the MER and the additional guarantee fee.


Helios2 – 75/100 GLWB If you choose Helios2 – 75/100 i, Helios2 – 100/100 i or Helios2 – 75/100 GLWB you will have to pay both the MER and the additional guarantee fee.










If you choose Helios2 – 75/100 i, Helios2 – 100/100 i or Helios2 – 75/100 GLWB you will have to pay both the MER and the additional guarantee fee.


2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – MAXIMUM GROWTHFinancial Information as at December 31, 2017








Series 8: N/ANumber of Units Outstanding (000’s): Series 6: 761

Series 8: N/A





Top investments

BlackRock CDN US Equity Index Fund 32.6%Desjardins Overseas Equity Value Fund 12.4%DGIA Canadian Bond Fund 12.1%Desjardins Overseas Equity Growth Fund 12.0%Desjardins Canadian Equity Fund 7.8%Franklin Bissett Canadian Equity Fund 7.8%Fidelity True North® Fund 7.8%Desjardins Enhanced Bond Fund 5.2%Desjardins Short-Term Income Fund 2.0%Franklin Bissett Canadian Equity Fund 0.3%Cash and Cash Equivalents 0.1%TOTAL 100%



DSF FPG – Croissance maximaleDFS GIF – Maximum Growth

32.5% American Equity 24.3% International Equity 23.3% Canadian Equity 19.2% Bonds 0.6% Cash / Money Market

-5

0

5

10

2017201620152014*

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 6

3.51

4.885.68

9.49



Fun

d F

acts

5. How risky is it?



to high High




This Fund may be right for a person seeking long term capital growth.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C


1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – MAXIMUM GROWTHFinancial Information as at December 31, 2017

B. Ongoing Fund FeesThe MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 100/100 i and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.





Helios2 – 75/100 i If you choose Helios2 – 75/100 i or Helios2 – 100/100 i, you will have to pay both the MER and the additional guarantee fee.

If you choose Helios2 – 75/100 i or Helios2 – 100/100 i, you will have to pay both the MER and the additional guarantee fee. 0.70%











If you choose Helios2 – 75/100 i or Helios2 – 100/100 i, you will have to pay both the MER and the additional guarantee fee.


Fun

d F

acts

2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CONSERVATIVE – DESJARDINS SOCIETERRAFinancial Information as at December 31, 2017



Inception Date: Fund: April 30, 2018 Series 6: April 30, 2018 Series 8: April 30, 2018Total Value (000’s): Series 6: N/A

Series 8: N/ANet Asset Value per Unit: Series 6: N/A

Series 8: N/ANumber of Units Outstanding (000’s): Series 6: N/A

Series 8: N/A


Portfolio Manager: Desjardins FundsPortfolio Turnover Rate: N/AMinimum Deposit: Variable


This Fund invests in the Desjardins SocieTerra Conservative Portfolio. The underlying fund invests primarily in Canadian and foreign fixed income/bonds (71%) and equities/securities (29%).

Top investments

Desjardins SocieTerra Bond Fund, 1-Class 60.9%Desjardins SocieTerra Canadian Equity Fund, Class 1 9.8%Desjardins SocieTerra American Equity Fund, 1-Class 8.2%NEI Ethical International Equity Fund, Series 1 7.7%Desjardins SocieTerra Environmental Bond Fund, 1-Class 6.6%Desjardins SocieTerra Environment Fund, 1-Class 4.7%Desjardins SocieTerra Cleantech Fund, 1-Class 2.0%Cash and Cash Equivalents 0.1%TOTAL 100%




Since this Fund was launched on April 30, 2018 and no financial returns are available, the performance shown below is for the underlying fund. It's important to note that this doesn't tell you how the Fund will perform in the future. Also, your actual return will depend on the Guarantee you choose and on your personal tax situation. The returns for the Fund for Series 6 and Series 8 will vary due to differences in the MER.

Average returnAn investor who purchased $1,000 of units in the underlying fund on January 15, 2009 has $1,365.49. This works out to an average of 4.0% a year.

Year-by-year returnsThe underlying fund went up in value 8 years and down in value 0 years of the 8.

DSF FPG – Conservateur Desjardins SocieTerraDFS GIF – Conservative Desjardins SocieTerra

56.0% Canadian Fixed Income 11.1% Foreign Equities 10.5% U.S. Equities 9.9% Canadian Equities 5.0% Foreign Bonds 4.6% Canadian Mortgage-Backed Securities 1.7% Cash and Cash Equivalents 0.6% U.S. Bonds 0.4% Supranational Bonds 0.1% Canadian Asset-Backed Securities 0.1% U.S. Derivative Financial Instruments

-5

0

5

10

20172016201520142013201220112010

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Underlying fund

3.36

5.84 6.02

3.002.71

5.46

3.65

1.82


5. How risky is it?



to high High


This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner's Deposit if markets go down. (The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.


This Fund may be right for a person seeking liquidity and security of capital.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CONSERVATIVE – DESJARDINS SOCIETERRAFinancial Information as at December 31, 2017


Fun

d F

acts

B. Ongoing Fund FeesThe MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You don't pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i, Helios2 – 100/100 i or Helios2 – 75/100 GLWB and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the guarantees work, see the Guarantees section in this Contract and Information Folder.












• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.• Low Load – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years and 1.00% of

the market value of the Units attributed to this Fee Option thereafter.• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.



Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect, including but this is not limited to transfers or partial surrenders of Units.





2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – BALANCED – DESJARDINS SOCIETERRAFinancial Information as at December 31, 2017



Inception Date: Fund: October 19, 2015 Series 6: October 19, 2015 Series 8: April 30, 2018Total Value (000’s): Series 6: 10,325



Series 8: N/A


Portfolio Manager: Desjardins FundsPortfolio Turnover Rate: 6.94Minimum Deposit: Variable


This Fund invests in the Desjardins SocieTerra Balanced Portfolio. The underlying fund invests in fixed income (55%) and equities/securities (45%).

Top investments

Desjardins SocieTerra Canadian Bond Fund 46.2%Desjardins SocieTerra Canadian Equity Fund 14.7%Desjardins SocieTerra American Equity Fund 12.5%NEI Ethical International Equity Fund 11.7%Desjardins SocieTerra Environment Fund 6.7%Desjardins SocieTerra Environment Bond Fund 5.1%Desjardins SocieTerra Cleantech Fund 3.0%Cash and Cash Equivalents 0.1%TOTAL 100%



DSF FPG – Équilibré - Desjardins SociéTerreDFS GIF – Balanced - Desjardins SocieTerra

17.2% Corporate Bonds 16.7% International Equity 15.8% American Equity 14.9% Canadian Equity 14.5% Provincial Bonds 10.0% Federal Bonds 3.8% Foreign Bonds

3.5% Mortgage-Backed Securities1.9% Cash / Money Market0.7% Municipal Bonds

0.5% American Bonds0.3% Supranational Bonds0.1% Asset-Backed Securities0.1% Derivative Financial Instruments * Return is for a partial year from date first offered for sale.

It's important to note that this doesn't tell you how the Fund will perform in the future. Also, your actual return will depend on the Guarantee you choose and on your personal tax situation.

Average returnA Contract Owner who deposited $1,000 in the Fund and chose Helios2 - 75/75 on October 19, 2015 and Series 6 now has $1,078. This works out to an average of 3.5% a year.

Year-by-year returnsThis chart shows how the Fund has performed in each of the past 3 years for a Contract Owner who chose Helios – 75/75. Since October 15, 2015, the Fund went up in value 3 years and down in value 0 years of the 3.

-5

0

5

10

201720162015*

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 6

2.271.64

3.71


Fun

d F

acts

5. How risky is it?



to high High




This Fund may be right for a person seeking interest income with stability of capital.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C















the market value of the Units attributed to this Fee Option thereafter.• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.






1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – BALANCED – DESJARDINS SOCIETERRAFinancial Information as at December 31, 2017



Fun

d F

acts

2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – GROWTH – DESJARDINS SOCIETERRAFinancial Information as at December 31, 2017






Series 8: N/A




This Fund invests in the Desjardins SocieTerra Growth Portfolio. The underlying fund invests primarily in Canadian and foreign equities/securities (60%) and fixed income/bonds (40%).

Top investments

Desjardins SocieTerra Canadian Bond Fund, 1-Class 32.8%Desjardins SocieTerra Canadian Equity Fund, Class 1 18.7%Desjardins SocieTerra American Equity Fund, 1-Class 16.7%NEI Ethical International Equity Fund, Series 1 15.6%Desjardins SocieTerra Environment Fund, 1-Class 8.6%Desjardins SocieTerra Cleantech Fund, 1-Class 3.9%Desjardins SocieTerra Environmental Bond Fund, 1-Class 3.6%Cash and Cash Equivalents 0.1%TOTAL 100%



DSF FPG – Croissance Desjardins SocieTerraDFS GIF – Growth Desjardins SocieTerra

30.1% Canadian Bonds 22.2% Foreign Equities 20.9% U.S. Equities 18.9% Canadian Equities 2.7% Foreign Bonds 2.5% Canadian Mortgage-Backed Securities 2.1% Cash and Cash Equivalents 0.3% U.S. Bonds 0.2% Supranational Bonds 0.1% Canadian Asset-Backed Securities


Since this Fund was launched on April 30, 2018 and no financial returns are available, the performance shown below is for the underlying fund. It's important to note that this doesn't tell you how the Fund will perform in the future. Also, your actual return will depend on the Guarantee you choose and on your personal tax situation .The returns for the Fund for Series 6 and Series 8 will vary due to differences in the MER.

Average returnAn investor who purchased $1,000 in units in the underlying fund on January 10, 2000 has $1,491.08. This works out to an average of 5.1% a year.

Year-by-year returnsThe underlying fund went up in value 8 years and down in value 2 years of the 10.

-20

-10

0

10

20

2017201620152014201320122011201020092008

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Underlying fund

-18.27

11.87

3.49

16.26

7.50 6.495.29

-1.71

5.40

8.60


5. How risky is it?



to high High







A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – GROWTH – DESJARDINS SOCIETERRAFinancial Information as at December 31, 2017


Fun

d F

acts














the market value of the Units attributed to this Fee Option thereafter.• Deferred Sales Charge– 0.50% of the market value of the Units attributed to this Fee Option each year.








2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – MAXIMUM GROWTH – DESJARDINS SOCIETERRAFinancial Information as at December 31, 2017






Series 8: N/A




This Fund invests in the Desjardins SocieTerra Maximum Growth Portfolio. The underlying fund invests primarily in Canadian and foreign equities/securities (80%) and fixed income/ bonds (20%).

Top investments

Desjardins SocieTerra Canadian Equity Fund, Class 1 24.1%Desjardins SocieTerra American Equity Fund, 1-Class 21.5%NEI Ethical International Equity Fund, Series 1 20.3%Desjardins SocieTerra Canadian Bond Fund, 1-Class 15.9%Desjardins SocieTerra Environment Fund, 1-Class 11.2%Desjardins SocieTerra Cleantech Fund, 1-Class 5.1%Desjardins SocieTerra Environmental Bond Fund, 1-Class 1.8%Cash and Cash Equivalents 0.1%TOTAL 100%



DSF FPG – CroissanceMaximale Desjardins SocieTerraDFS GIF – MaximumGrowth Desjardins SocieTerra

28.7% Foreign Equities 27.0% U.S. Equities 24.5% Canadian Equities 14.7% Canadian Bonds 2.3% Cash and Cash Equivalents 1.3% Foreign Bonds 1.2% Canadian Mortgage-Backed Securities 0.2% U.S. Bonds 0.1% Supranational Bonds


Since this Fund was launched on April 30, 2018 and no financial returns are available, the performance shown below is for the underlying fund. It's important to note that this doesn't tell you how the Fund will perform in the future. Also, your actual return will depend on the Guarantee you choose and on your personal tax situation. The returns for the Fund for Series 6 and Series 8 will vary due to differences in the MER.

Average returnAn investor who purchased $1,000 in units in the underlying fund on January 15, 2009 has $1,691.47. This works out to an average of 6.8% a year.

Year-by-year returnsThe underlying fund went up in value 7 years and down in value 1 year of the 8.

-10

0

10

20

30

20172016201520142013201220112010

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Underlying fund

4.57

9.04

-5.71

6.39 6.70

19.24

7.72 7.91


Fun

d F

acts

5. How risky is it?



to high High







A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C


1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – MAXIMUM GROWTH – DESJARDINS SOCIETERRAFinancial Information as at December 31, 2017

B. Ongoing Fund FeesThe MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You don't pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 100/100 i and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the guarantees work, see the Guarantees section in this Contract and Information Folder.











the market value of the Units attributed to this Fee Option thereafter.• Deferred Sales Charge– 0.50% of the market value of the Units attributed to this Fee Option each year.








Fun

d F

acts

2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – MONEY MARKETFinancial Information as at December 31, 2017


This section will tell you how the Fund has performed for a Contract Owner who chose Helios2 – 75/75. The performance shown for the years 2008 to 2013 is for the Series 5. That Series is not available under this Contract and Information Folder. Returns are after the MER has been deducted. The returns for the Fund for Series 6 and Series 8 will vary due to differences in the MER.

Inception Date: Fund: November 15, 1995 Series 6: February 24, 2014 Series 8: April 30, 2018Total Value (000’s): Series 6: 12,393



Series 8: N/A


Portfolio Manager: Desjardins Global Asset ManagementPortfolio Turnover Rate: 39.94Minimum Deposit: Variable


This Fund invests in the DGIA Money Market Fund. The underlying fund invests in Canadian treasury bills and bankers acceptances.

Top ten investments of the underlying fund

Royal Bank of Canada, 2.26%, March 12, 2018 7.1%Daimler Canada Finance, 2.27%, March 26, 2018 6.4%Canadian Imperial Bank of Commerce, Floating Rate, February 9, 2018 6.0%Scotiabank, Notes, April 5, 2018 5.9%Toronto-Dominion Bank, Notes, April 5, 2018 5.5%Cadillac Fairview Financial, 3.64%, May 9, 2018 4.6%Bank of Montreal, Floating Rate, March 29, 2018 4.3%BMW Canada, Floating Rate, June 14, 2019 3.9%Honda Canada Finance, 2.35%, June 4, 2018 3.9%Ontario Treasury Bills, August 1, 2018 3.9%TOTAL 51.5%



DSF FPG – Marché monétaireDFS GIF – Money Market

45.2% Corporate Bonds 13.8% Discount Notes 12.7% Treasury Bills 11.7% Bankers’ Acceptances 8.3% Commercial Paper 7.4% Provincial Bonds 0.8% Cash / Money Market

-5.0

-2.5

0.0

2.5

5.0

2017201620152014*201320122011201020092008

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


2.34

-0.26 -0.54-0.08

0.01 0.23 0.17 0.240.11

Series 5 Series 6

0.08


It’s important to note that this does not tell you how the Fund will perform in the future. Also, your actual return will depend on the Guarantee you choose and on your personal tax situation.


Year-by-year returnsThis chart shows how the Fund has performed in each of the past 10 years for a Contract Owner who chose the Guarantee 75/75 (from 2008 to 2013) or Helios2 – 75/75. Since 2008, the Fund went up in value 7 years and down in value 3 years of the 10.


1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – MONEY MARKETFinancial Information as at December 31, 2017

5. How risky is it?



to high High







A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C


Fun

d F

acts






















2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – INCOME – FIERA CAPITALFinancial Information as at December 31, 2017



Year-by-year returnsThis chart shows how the Fund has performed in each of the past 10 years for a Contract Owner who chose the Guarantee 75/75 (from 2008 to 2013) or Helios2 – 75/75. Since 2008, the Fund went up in value 9 years and down in value 1 year of the 10.




Series 8: N/A


Portfolio Manager: Fiera Capital CorporationPortfolio Turnover Rate: 372.76Minimum Deposit: Variable


This Fund invests mainly in Canadian bonds.

Top investments

Fiera Active Short Term Canadian Municipal Bond Fund 14.7%Province of Ontario, 2.85%, June 2, 2023 5.5%Province of Ontario, 3.50%, June 2, 2024 4.9%Canada Housing Trust, Floating Rate, September 15, 2021 3.8%Province of Ontario, 2.80%, June 2, 2045 3.1%Government of Canada, 1.00%, June 1, 2027 3.1%Canada Housing Trust, 2.40%, December 15, 2022 3.1%Government of Canada, 2.50%, June 1, 2024 2.4%Canada Housing Trust, 1.25%, June 15, 2021 2.4%Province of Quebec, 3.50%, December 1, 2045 2.2%TOTAL 45.2%



-5

0

5

10

2017201620152014*201320122011201020092008

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


1.470.55

4.40

Series 5 Series 6

2.53

-3.33

5.56

0.08

8.45

5.61

4.06DSF FPG – Revenu - Fiera CapitalDFS GIF – Income - Fiera Capital

29.2% Provincial Bonds 27.7% Corporate Bonds 24.3% Federal Bonds 14.7% Investment Funds 3.7% Municipal Bonds 0.2% American Bonds 0.2% Cash / Money Market





Fun

d F

acts

5. How risky is it?



to high High




This Fund may be right for a person seeking interest income with the potential for capital growth.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C


1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – INCOME – FIERA CAPITALFinancial Information as at December 31, 2017

B. Ongoing Fund FeesThe MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i, Helios 2 – 100/100 i or Helios2 – 75/100 GLWB and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.





Helios2 – 75/100 i If you choose Helios2 – 75/100 i, Helios 2 – 100/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee.

If you choose Helios2 – 75/100 i, Helios 2 – 100/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee. 0.35%

Helios2 – 100/100 i If you choose Helios2 – 75/100 i, Helios 2 – 100/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee.


Helios2 – 75/100 GLWB If you choose Helios2 – 75/100 i, Helios 2 – 100/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee.










If you choose Helios2 – 75/100 i, Helios 2 – 100/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee.


Fun

d F

acts

2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN BONDFinancial Information as at December 31, 2017




Series N/A


Portfolio Manager: Desjardins Global Asset ManagementPortfolio Turnover Rate: 9.30Minimum Deposit: Variable


This Fund invests in the DGIA Canadian Bond Fund. The underlying fund invests primarily in Canadian government and corporate bonds.


Canada Housing Trust, 1.25%, June 15, 2021 4.6%Government of Canada, 2.00%, June 1, 2028 3.3%NHA MBS Merrill Lynch, 1.30%, August 1, 2021 3.3%Province of Ontario, 2.85%, June 2, 2023 3.1%Canada Housing Trust, 1.90%, September 15, 2026 2.7%Province of Ontario, 3.15%, June 2, 2022 2.5%Bank of Montreal, 2.70%, September 11, 2024 2.4%Canada Housing Trust, 2.00%, December 15, 2019 2.3%Financement-Québec, 5.25%, June 1, 2024 2.3%Royal Bank of Canada, 2.36%, December 5, 2022 2.2%TOTAL 28.8%



DSF FPG – Obligations canadiennesDFS GIF – Canadian Bond

40.5% Corporate Bonds 30.3% Provincial Bonds 26.1% Federal Bonds 2.3% Cash / Money Market 0.8% Municipal Bonds



It’s important to note that this doesn’t tell you how the Fund will perform in the future. Also, your actual return will depend on the Guarantee you choose and on your personal tax situation. The returns for the Fund for Series 6 and Series 8 will vary due to differences in the MER.

Average returnA Contract Owner who deposited $1,000 in the Fund and chose Helios2 – 75/75 on October 19, 2015 and Series 6 now has $1,018. This works out to an average of 0.8% a year.

Year-by-year returnsThis chart shows how the Fund has performed in each of the past 3 years for a Contract Owner who chose Helios2 – 75/75. Since October 19, 2015, the Fund went up in value 3 years and down in value 0 years of the 3.

-5

0

5

10

201720162015*

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 6

0.920.16

0.70



5. How risky is it?



to high High







A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN BONDFinancial Information as at December 31, 2017


Fun

d F

acts

B. Ongoing Fund FeesThe MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i, Helios2 – 100/100 i or Helios2 – 75/100 GLWB and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the guarantees work, see the Guarantees section in this Contract and Information Folder.












• No Load – 0.50% of the market value of the Units attributed to this Fee Option each year.• Low Load – 0.15% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years and 0.50%

of the market value of the Units attributed to this Fee Option each year thereafter.• Deferred Sales Charge – 0.15% of the market value of the Units attributed to this Fee Option each year.








2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – DIVERSIFIED INCOME – FRANKLIN QUOTENTIALFinancial Information as at December 31, 2017



Year-by-year returnsThis chart shows how the Fund has performed in each of the past 10 years for a Contract Owner who chose the Guarantee 75/75 (from 2008 to 2013) or Helios2 – 75/75. Since 2008, the Fund went up in value 9 years and down in value 1 year of the 10.

Inception Date: Fund: October 30, 2000 Series 6: February 24, 2014 Series 8: April 30, 2018Total Value (000’s): Series 6: 32,448



Series 8: N/A


Portfolio Manager: Franklin Templeton Investments Corp.Portfolio Turnover Rate: 5.80Minimum Deposit: Variable


This Fund invests in the Franklin Quotential Diversified Income Portfolio. The underlying fund invests in bond (80%) and equity (20%) funds.


Franklin Bissett Core Plus Bond Fund 26.6%Franklin Bissett Canadian Government Bond Fund 13.8%Franklin Strategic Income Fund 10.5%Franklin Bissett Canadian Short Term Bond Fund 8.3%Templeton Global Bond Fund 7.0%Franklin Bissett Canadian Dividend Fund 6.1%Franklin U.S. Low Duration Fund 3.4%Franklin U.S. Rising Dividends Fund 3.4%Franklin ActiveQuant Canadian Fund 3.0%iShares S&P/TSX60 Index ETF 3.0%TOTAL 85.1%



-20

-10

0

10

20

2017201620152014*201320122011201020092008

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

14.33

7.94

2.32

5.904.82

2.02 2.29

-10.12

2.821.22

DSF FPG – Revenu diversifié - Franklin QuotentielDFS GIF – Diversifid Income - Franklin Quotential

49.6% Canadian Bonds 17.5% Foreign Bonds 9.1% Canadian Equity 5.6% Derivative Financial Instruments 5.5% Foreign Equity 5.2% American Equity 3.4% American Bonds 3.1% Other 1.8% Cash / Money Market





Fun

d F

acts

5. How risky is it?



to high High




This Fund may be right for a person seeking security of capital.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C


B. Ongoing Fund FeesThe MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.





Helios2 – 75/100 i If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee.

If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee. 0.65%

Helios2 – 75/100 GLWB If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee.










1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – DIVERSIFIED INCOME – FRANKLIN QUOTENTIALFinancial Information as at December 31, 2017

If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee.


Fun

d F

acts

2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – BALANCED INCOME – FRANKLIN QUOTENTIALFinancial Information as at December 31, 2017







Series 8: N/A




This Fund invests in the Franklin Quotential Balanced Income Portfolio. The underlying fund invests in bond (60%) and equity (40%) funds.


Franklin Bissett Core Plus Bond Fund 27.6%Franklin Bissett Canadian Government Bond Fund 10.9%Franklin Strategic Income Fund 6.1%Franklin Bissett Canadian Equity Fund 5.6%Templeton Global Bond Fund 5.0%Franklin Templeton Canadian Large Cap Fund 3.8%Franklin ActiveQuant Canadian Fund 3.7%Franklin U.S. Rising Dividends Fund 3.7%Franklin Mutual European Fund 3.6%Franklin U.S. Core Equity Fund 3.2%TOTAL 73.2%



-30

-20

-10

0

10

20

30

2017201620152014*201320122011201020092008

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

3.36 4.02

-2.07

19.95

-18.96

7.955.14

1.334.09

9.16DSF FPG – Équilibré de revenu - Franklin QuotentielDFS GIF – Balanced Income - Franklin Quotential

41.5% Canadian Bonds 14.6% Canadian Equity 11.9% Derivative Financial Instruments 11.1% Foreign Bonds 9.6% American Equity 8.2% Foreign Equity 2.7% American Bonds 0.5% Cash / Money Market * Return is for a partial year from date first offered for sale.




5. How risky is it?



to high High




This Fund may be right for a person seeking security and potential long term capital growth.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – BALANCED INCOME – FRANKLIN QUOTENTIALFinancial Information as at December 31, 2017


Fun

d F

acts




















2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN BALANCED – FIDELITYFinancial Information as at December 31, 2017



Year-by-year returnsThis chart shows how the Fund has performed in each of the past 10 years for a Contract Owner who chose the Guarantee 75/75 (from 2008 to 2013) or Helios2 – 75/75. Since December 1, 2008, the Fund went up in value 9 years and down in value 1 year of the 10.

Inception Date: Fund: December 1, 2008 Series 6: February 24, 2014 Series 8: April 30, 2018Total Value (000’s): Series 6: 43,441



Series 8: N/A


Portfolio Manager: Fidelity Investments Canada ULCPortfolio Turnover Rate: 4.20Minimum Deposit: Variable


This Fund invests in the Fidelity Canadian Balanced Fund. The underlying fund invests in Canadian bonds (40%), Canadian equities (50%), as well as high yield bonds (10%).


Toronto-Dominion Bank 4.5%Scotiabank 3.8%Suncor Energy 2.8%Canadian Pacific Railway 2.8%Royal Bank of Canada 2.6%Restaurant Brands International 2.5%Brookfield Asset Management 2.3%Manulife Financial Corporation 2.2%Waste Connections 1.8%Rogers Communications 1.6%TOTAL 26.8%

TOTAL INVESTMENTS: 1,028


-5

0

5

10

15

20

25

2017201620152014*201320122011201020092008*

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

2.81

6.52

11.80

5.14

12.39

21.27

-1.94

3.584.68 4.16

DSF FPG – Canadien équilibré - FidelityDFS GIF – Canadian Balanced - Fidelity

40.0% Canadian Equity 37.9% Canadian Bonds 10.2% Foreign Bonds 9.2% Foreign Equity 2.6% Cash / Money Market 0.1% Convertible Securities





Fun

d F

acts

5. How risky is it?



to high High




This Fund may be right for a person seeking long-term capital growth and who wants the convenience of a diversified portfolio in a single fund.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C


B. Ongoing Fund FeesThe MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.





Helios2 – 75/100 i If you choose Helios2 – 75/100 i, you will have to pay both the MER and the additional guarantee fee.

If you choose Helios2 – 75/100 i, you will have to pay both the MER and the additional guarantee fee. 0.70%









1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN BALANCED – FIDELITYFinancial Information as at December 31, 2017

If you choose Helios2 – 75/100 i, you will have to pay both the MER and the additional guarantee fee.


Fun

d F

acts

2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – U.S. MONTHLY INCOME – FIDELITYFinancial Information as at December 31, 2017




Series 8: N/A




This Fund invests in the Fidelity U.S. Monthly Income Fund. The underlying fund invests primarily in American equity securities (50%) and bonds (50%).


iShares TIPS Bond ETF 2.1%JPMorgan Chase & Company 2.0%U.S. Treasury Bill, 1.75%, June 30, 2022 1.8%Wells Fargo & Company 1.5%Johnson & Johnson 1.5%Procter & Gamble Company 1.3%Cisco Systems 1.3%Bank of America Corporation 1.1%Verizon Communications 1.0%Chubb 1.0%TOTAL 14.6%

TOTAL INVESTMENTS: 2,452


DSF FPG – Revenu mensuel américain - FidelityDFS GIF – U.S. Monthly Income - Fidelity

41.6% American Bonds Cash / Money Market 4.1% Convertible Securities 0.8% Corporate Bonds 0.7% Canadian Equity

46.5% American Equity

6.3%



It’s important to note that this doesn’t tell you how the Fund will perform in the future. Also, your actual return will depend on the Guarantee you choose and on your personal tax situation. The returns for the Fund for Series 6 and Series 8 will vary due to differences in the MER.


Year-by-year returnsThis chart shows how the Fund has performed in each of the past 3 years for a Contract Owner who chose Helios2 – 75/75. Since October 15, 2015, the Fund went up in value 2 years and down in value 1 year of the 3.

-5

0

5

10

201720162015*

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 6

5.595.00

-0.25



5. How risky is it?



to high High


Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down. (The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.





A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – U.S. MONTHLY INCOME – FIDELITYFinancial Information as at December 31, 2017


Fun

d F

acts

B. Ongoing Fund FeesThe MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 100/100 i and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the guarantees work, see the Guarantees section in this Contract and Information Folder.





Helios2 – 75/100 i If you choose Helios2 – 75/100 i or Helios2 – 100/100 i you will have to pay both the MER and the additional guarantee fee.

If you choose Helios2 – 75/100 i or Helios2 – 100/100 i you will have to pay both the MER and the additional guarantee fee. 0.70%











If you choose Helios2 – 75/100 i or Helios2 – 100/100 i you will have to pay both the MER and the additional guarantee fee.


2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – GLOBAL BALANCED – JARISLOWSKY FRASERFinancial Information as at December 31, 2017


This section tells you how the Fund has performed for a Contract Owner who chose Helios2 – 75/75. The performance shown for the years 2008 to 2014 is for the Series 5. That Series is not available under this Contract and Information Folder. Returns are after the MER has been deducted. The returns for the Fund for Series 6 and Series 8 will vary due to differences in the MER.



Year-by-year returnsThis chart shows how the Fund has performed in each of the past 10 years for a Contract Owner who chose the Guarantee 75/75 (from 2008 to 2014) or Helios2 – 75/75. Since 2008, the Fund was up in value 8 years and down in value 2 years of the 10.

Inception Date: Fund: November 17, 2003 Series 6: October 19, 2015 Series 8: April 30, 2018Total Value (000’s): Series 6: 52,193



Series 8: N/A


Portfolio Manager: Jarislowsky, Fraser LimitedPortfolio Turnover Rate: 8.86Minimum Deposit: $500


This Fund invests in the Jarislowsky Fraser Global Balanced Fund. The underlying fund invests primarily in bonds and (46%) and equities (54%) from around the world.


Jarislowsky Fraser International Pooled Fund 18.3%Toronto-Dominion Bank 2.0%Canada Housing Trust, 2.35%, June 15, 2027 1.7%Royal Bank of Canada 1.6%Jarislowsky Fraser Emerging Market Equity 1.5%Jarislowsky Fraser Special Equity Fund 1.5%Scotiabank 1.4%Enbridge 1.3%Province of Ontario, 2.40%, June 2, 2026 1.1%Royal Bank of Canada, 2.77%, December 11, 2018 1.1%TOTAL 31.5%



DSF FPG – Global équilibré - Jarislowsky FraserDFS GIF – Global Balanced - Jarislowsky Fraser

32.9% Canadian Bonds 22.1% Canadian Equity 19.8% International Equity 17.5% American Equity 7.8% Cash / Money Market


-20

-10

0

10

20

201720162015*2014201320122011201020092008

8 500

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

-0.13

(1) DSF FPG – Global équilibré – Jarislowsky Fraser(2) Combinaison d’indices repères

-14.15

10.47

(2) 9 708 $

(1) 9 481 $

3.86

15.69

2.48 3.17

Series 5 Series 6

7.80 8.75

4.79


Fun

d F

acts

5. How risky is it?



to high High







A. Sales Charges



• There are no sales charges and your representative receives no commission.

Fee Option A


3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C


B. Ongoing Fund FeesThe MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i, Helios2 – 100/100 i or Helios2 – 75/100 GLWB and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the guarantees work, see the Guarantees section in this Contract and Information Folder.



















1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – GLOBAL BALANCED – JARISLOWSKY FRASERFinancial Information as at December 31, 2017



Fun

d F

acts

2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN BALANCED – FIERA CAPITALFinancial Information as at December 31, 2017


This section will tell you how the Fund has performed for a Contract Owner who chose Helios2 – 75/75. The performance shown for the years 2008 to 2013 is for the Series 5. That Series is not available under this Contract and Information Folder. Returns are after the MER has been deducted.

The returns for the Fund for Series 6 and Series 8 will vary due to differences in the MER.







Series 8: N/A


Portfolio Manager: Fiera Capital CorporationPortfolio Turnover Rate: 145.33Minimum Deposit: Variable


This Fund invests primarily in Canadian bonds and treasury bills (40%), Canadian equities (40%), as well as world equities (20%).

Top investments

Fiera Global Equity Fund 15.1%Fiera Active Short Term Canadian Municipal Bond Fund 3.5%Royal Bank of Canada 2.1%Constellation Software 2.0%Toronto-Dominion Bank 1.9%Canadian National Railway Company 1.8%Brookfield Asset Management 1.8%Scotiabank 1.8%Toromont Industries 1.6%Alimentation Couche-Tard 1.6%TOTAL 33.2%



-30

-20

-10

0

10

20

30

2017201620152014*201320122011201020092008

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


6.93

1.82

Series 5 Series 6

18.27

7.89

3.27

-6.01

-18.97

6.56 4.98

11.88

DSF FPG – Canadien équilibré - Fiera CapitalDFS GIF – Canadian Balanced - Fiera Capital

45.6% Canadian Equity 18.5% Investment Funds 16.4% Cash / Money Marke Provincial Bonds 5.9% Federal Bonds 5.6% Corporate Bonds 0.5% Municipal Bonds

7.5%



5. How risky is it?



to high High




This Fund may be right for a person seeking conservative capital growth and interest income.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN BALANCED – FIERA CAPITALFinancial Information as at December 31, 2017


Fun

d F

acts






















2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN BALANCED – FRANKLIN BISSETTFinancial Information as at December 31, 2017







Series 8: N/A


Portfolio Manager: Bissett Investment ManagementPortfolio Turnover Rate: 7.99Minimum Deposit: Variable


This Fund invests in the Franklin Bissett Canadian Balanced Fund. The underlying fund invests in Canadian bonds (40%) and world equities (60%).


Franklin Bissett Corporate Bond Fund 15.1%Franklin Bissett Core Plus Bond Fund 14.6%Franklin Bissett Canadian Equity Fund 14.0%Franklin Bissett Monthly Income and Growth Fund 7.1%Franklin ActiveQuant U.S. Fund 6.6%Franklin Bissett Microcap Fund 6.5%Franklin ActiveQuant Canadian Fund 6.5%Franklin Mutual European Fund 5.6%Templeton EAFE Developed Markets Fund 5.5%Franklin Bissett Small Cap Fund 5.4%TOTAL 86.9%



-30

-20

-10

0

10

20

30

2017201620152014*201320122011201020092008

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

-3.75

2.10

15.86

9.32

-1.69

-20.14

19.16

9.96 10.97

4.18DSF FPG – Canadien équilibré - Franklin BissettDFS GIF – Canadian Balanced - Franklin Bissett

35.7% Canadian Equity 30.7% Canadian Bonds 11.2% American Equity 10.9% Other 10.8% International Equity 0.7% Cash / Money Market





Fun

d F

acts

5. How risky is it?



to high High




This Fund may be right for a person seeking conservative capital growth and interest income.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C





















1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN BALANCED – FRANKLIN BISSETTFinancial Information as at December 31, 2017



Fun

d F

acts

2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – BALANCED GROWTH – FRANKLIN QUOTENTIALFinancial Information as at December 31, 2017







Series 8: N/A




This Fund invests in the Franklin Quotential Balanced Growth Portfolio. The underlying fund invests in bond (40%) and equity (60%) funds.


Franklin Bissett Core Plus Bond Fund 17.5%Franklin Bissett Canadian Equity Fund 7.3%Franklin Bissett Canadian Government Bond Fund 7.0%Franklin U.S. Rising Dividends Fund 5.7%Franklin Mutual European Fund 5.5%Franklin U.S. Core Equity Fund 5.0%Franklin Templeton Canadian Large Cap Fund 4.9%Franklin ActiveQuant Canadian Fund 4.9%Franklin U.S. Opportunities Fund 4.1%Franklin Strategic Income Fund 3.9%TOTAL 65.7%



-30

-20

-10

0

10

20

30

2017201620152014*201320122011201020092008

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

3.784.71

14.04

5.869.12

-5.05

-25.70

24.59

1.70

5.69DSF FPG – Équilibré de croissance - Franklin QuotentielDFS GIF – Balanced Growth - Franklin Quotential

26.3% Canadian Bonds 19.0% Canadian Equity 18.1% Derivative Financial Instruments 14.8% American Equity 12.7% Foreign Equity 7.0% Foreign Bonds 1.7% American Bonds 0.3% Cash / Money Market * Return is for a partial year from date first offered for sale.




5. How risky is it?



to high High




This Fund may be right for a person seeking long term capital growth and security.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – BALANCED GROWTH – FRANKLIN QUOTENTIALFinancial Information as at December 31, 2017


Fun

d F

acts




















2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN BALANCED – CI SIGNATUREFinancial Information as at December 31, 2017



Year-by-year returnsThis chart shows how the Fund has performed in each of the past 8 years for a Contract Owner who chose the Guarantee 75/75 (from 2010 to 2013) or Helios2 – 75/75. Since May 3, 2010, the Fund went up in value 6 years and down in value 2 years of the 8.

Inception Date: Fund: May 3, 2010 Series 6: February 24, 2014 Series 8: April 30, 2018Total Value (000’s): Series 6: 35,197



Series 8: N/A


Portfolio Manager: CI Investments Inc.Portfolio Turnover Rate: 6.42Minimum Deposit: Variable


This Fund invests in the Signature Canadian Balanced Fund. The underlying fund invests in Canadian bonds (40%) and equities (60%).


Scotiabank 3.5%Manulife Financial Corporation 3.2%Toronto-Dominion Bank 3.1%SPDR Gold Shares 1.9%Suncor Energy 1.9%EnCana Corporation 1.7%Samsung Electronics 1.6%Sony Corporation 1.6%Synchrony Financial 1.5%Enbridge 1.5%TOTAL 21.4%



-10

-5

0

5

10

15

20

2017201620152014*2013201220112010*

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

-1.05

7.37

11.81

6.066.69

-4.04

5.14

8.86DSF FPG – Canadien équilibré - CI SignatureDFS GIF – Canadian Balanced - CI Signature

32.1% Canadian Equity 20.0% Canadian Bonds 18.1% American Equity 16.1% International Equity 10.6% Cash / Money Market 2.0% American Bonds 1.2% Foreign Bonds





Fun

d F

acts

5. How risky is it?



to high High




This Fund may be right for a person seeking a balanced of current income and capital appreciation.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C










If you choose Helios2 – 75/100 i, Helios2 – 100/100 i or Helios2 – 75/100 GLWB, you will have to pay both the MER and the additional guarantee fee. 1.00











1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN BALANCED – CI SIGNATUREFinancial Information as at December 31, 2017



Fun

d F

acts

2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – INCOME AND GROWTH – CI SIGNATUREFinancial Information as at December 31, 2017



Year-by-year returnsThis chart shows how the Fund has performed in each of the past 6 years for a Contract Owner who chose the Guarantee 75/75 (from 2012 to 2013) or Helios2 – 75/75. Since September 24, 2012, the Fund went up in value 5 years and down in value 1 year of the 6.

Inception Date: Fund: September 24, 2012 Series 6: February 24, 2014 Series 8: April 30, 2018Total Value (000’s): Series 6: 42,007



Series 8: N/A




This Fund invests in the Signature Income and Growth Fund. The underlying fund invests in fixed income (40%) and equity (60%) securities.


Scotiabank 3.5%Manulife Financial Corporation 3.2%Toronto-Dominion Bank 3.1%SPDR Gold Shares 1.9%Suncor Energy 1.9%EnCana Corporation 1.7%Sony Corporation 1.6%Synchrony Financial 1.5%Enbridge 1.5%Canadian Imperial Bank of Commerce 1.5%TOTAL 21.5%



DSF FPG – Revenu et croissance - CI SignatureDFS GIF – Income and Growth - CI Signature

34.8% Canadian Equity 19.0% American Equity 16.1% International Equity 15.8% Canadian Bonds 6.0% Cash / Money Market 5.7% American Bonds 2.8% Foreign Bonds

-10

-5

0

5

10

15

2017201620152014*20132012*

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

-2.09

5.97

13.05

1.78

9.35

7.17





5. How risky is it?



to high High







A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – INCOME AND GROWTH – CI SIGNATUREFinancial Information as at December 31, 2017


Fun

d F

acts






















2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – GROWTH AND INCOME – NEI NORTHWESTFinancial Information as at December 31, 2017







Series 8: N/A


Portfolio Manager: Kingwest & CompanyPortfolio Turnover Rate: 7.78Minimum Deposit: Variable


This Fund invests in the NEI Northwest Growth and Income Fund. The underlying fund invests in bonds (20%) and equities (80%).


NEI Northwest Global Equity Fund 35.0%NEI Canadian Bond Fund 21.1%Toronto-Dominion Bank 4.2%Scotiabank 4.0%Quebecor 2.8%FirstService Corporation 2.7%Manulife Financial Corporation 2.6%Onex Corporation 2.4%Colliers International Group 2.3%Rogers Communications 2.2%TOTAL 79.3%



-30

-20

-10

0

10

20

2017201620152014*201320122011201020092008

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

2.993.87

17.51

7.91

-1.39

-24.53

15.66

7.69 7.719.36

DSF FPG – Croissance et revenu - NEI NordOuestDFS GIF – Growth and Income - NEI Northwest

56.1% Investment Funds 17.7% Financials 5.8% Real Estate 5.5% Telecommunication Services 5.1% Consumer Discretionary 4.5% Industrials 2.8% Energy 1.0% Materials 1.0% Cash / Money Market 0.5% Health Care * Return is for a partial year from date first offered for sale.




Fun

d F

acts

5. How risky is it?



to high High




This Fund may be right for a person seeking long term capital growth and income.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C





















1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – GROWTH AND INCOME – NEI NORTHWESTFinancial Information as at December 31, 2017



Fun

d F

acts

Inception Date: Fund: January 14, 2002 Series 6: February 24, 2014 Series 8: April 30, 2018Total Value (000’s): Series 6: 27,648



Series 8: N/A



1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – GLOBAL GROWTH – NEI SELECTFinancial Information as at December 31, 2017





This Fund invests in the NEI Select Global Growth Portfolio. The underlying fund invests in bond (25%) and equity (75%) funds.


NEI Ethical International Equity Fund 14.1%NEI Ethical Global Equity Fund 13.0%NEI Northwest Global Equity Fund 12.9%NEI Global Value Fund 9.9%NEI Northwest Emerging Markets Fund 9.0%NEI Northwest U.S. Dividend Fund 8.9%NEI Northwest Specialty Equity Fund 7.1%NEI Global Total Return Bond Fund 7.0%NEI Northwest Canadian Dividend Fund 5.0%NEI Northwest Canadian Equity Fund 5.0%TOTAL 91.9%



-30

-20

-10

0

10

20

30

2017201620152014*201320122011201020092008

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

2.545.69

16.73

7.57

-5.18

6.65

19.25

-26.99

6.458.87DSF FPG – Croissance mondiale -NEI

DFS GIF – Global Growth - NEI Select

35.8% Global Equity 17.1% Canadian Equity 14.1% International Equity 11.0% Foreign Bonds 9.0% Emerging Countries 8.9% American Equity 4.0% Canadian Bonds 0,1% Cash / Money Market * Return is for a partial year from date first offered for sale.



2. Quick Facts


5. How risky is it?



to high High




This Fund may be right for a person seeking long term capital growth and security.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – GLOBAL GROWTH – NEI SELECTFinancial Information as at December 31, 2017


Fun

d F

acts






















2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN ASSET ALLOCATION – CI CAMBRIDGEFinancial Information as at December 31, 2017



Year-by-year returnsThis chart shows how the Fund has performed in each of the past 5 years for a Contract Owner who chose the Guarantee 75/75 (from 2012 to 2013) or Helios2 – 75/75. Since September 24, 2012, the Fund went up in value 6 years and down in value 0 years of the 6.




Series 8: N/A




This Fund invests in the Cambridge Canadian Asset Allocation Corporate Class, I Shares. The underlying fund invests in Canadian equity (60%) and fixed income (40%) securities.


Cambridge Bond Fund 29.5%Cambridge Cdn Short Term Bond Fund 16.7%Cambridge Premium Yld Fund 4.0%Walgreens Boots Alliance 2.4%Athene Holding 2.4%Tourmaline Oil Corporation 2.2%Canadian Natural Resources 2.1%Franco-Nevada Corporation 1.9%George Weston 1.9%Praxair 1.7%TOTAL 64.8%



-5

0

5

10

15

20

2017201620152014*20132012*

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

6.39

17.91

1.57

3.85

6.26

1.87

DSF FPG – Répartition d'actifs canadiens - CI CambridgeDFS GIF – Canadian Asset allocation - CI Cambridge

39.5% Canadian Bonds 20.7% Canadian Equity 18.3% American Equity 7.9% Cash / Money Market 7.1% Foreign Bonds 6.6% International Equity





Fun

d F

acts

5. How risky is it?



to high High







A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C



















1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN ASSET ALLOCATION – CI CAMBRIDGEFinancial Information as at December 31, 2017



Fun

d F

acts

2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – GROWTH – FRANKLIN QUOTENTIALFinancial Information as at December 31, 2017







Series 8: N/A




This Fund invests in the Franklin Quotential Growth Portfolio. The underlying fund invests in bond (20%) and equity (80%) funds.


Franklin Bissett Canadian Equity Fund 8.6%Franklin Bissett Core Plus Bond Fund 7.9%Franklin U.S. Rising Dividends Fund 7.6%Franklin Mutual European Fund 7.4%Franklin U.S. Core Equity Fund 6.7%Franklin Templeton Canadian Large Cap Fund 6.0%Franklin ActiveQuant Canadian Fund 5.9%Franklin U.S. Opportunities Fund 5.4%Franklin LibertyQT U.S. Equity Index ETF 5.0%Franklin Japan Fund 3.9%TOTAL 64.6%



-40

-30

-20

-10

0

10

20

30

40

2017201620152014*201320122011201020092008

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

4.096.91

-8.02

26.73

-31.32

1.56

9.03

18.82

6.06 7.03DSF FPG – Croissance - Franklin QuotentielDFS GIF – Growth - Franklin Quotential

24.1% Derivative Financial Instruments 23.2% Canadian Equity 19.7% American Equity 17.3% Foreign Equity 11.9% Canadian Bonds 3.2% Foreign Bonds 0.8% American Bonds * Return is for a partial year from date first offered for sale.




5. How risky is it?



to high High




This Fund may be right for a person seeking long term capital growth.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – GROWTH – FRANKLIN QUOTENTIALFinancial Information as at December 31, 2017


Fun

d F

acts


















2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – DIVIDEND INCOME – FRANKLIN BISSETTFinancial Information as at December 31, 2017



Year-by-year returnsThis chart shows how the Fund has performed in each of the past 10 years the past year for a Contract Owner who chose the Guarantee 75/75 (from 2008 to 2013) or Helios2 – 75/75. Since 2008, the Fund went up in value 8 years and down in value 2 years of the 10.

Inception Date: Fund: April 17, 2000 Series 6: February 24, 2014 Series 8: April 30, 2018Total Value (000’s): Series 6: 10,470



Series 8: N/A




This Fund invests in the Franklin Bissett Dividend Income Fund. The underlying fund invests primarily in Canadian & US preferred and common equities.


Canadian Imperial Bank of Commerce 4.1%Toronto-Dominion Bank 4.0%Royal Bank of Canada 3.9%Bank of Montreal 2.9%Scotiabank 2.8%Canadian National Railway Company 2.7%IGM Financial 2.6%Power Financial Corporation 2.3%Enbridge Income Fund Holdings 2.2%Enbridge 2.1%TOTAL 29.6%



-30

-20

-10

0

10

20

30

2017201620152014*201320122011201020092008

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

3.67

14.68

4.86

11.19

-20.10

7.17

18.63

-7.88

2.98

17.75

DSF FPG – Revenu de dividendes - Franklin BissettDFS GIF – Dividend Income - Franklin Bissett

57.8% Common shares 22.9% American Equity 12.0% Corporate Bonds 5.0% Preferred Shares 1.4% Foreign Bonds 0.9% Cash / Money Market





Fun

d F

acts

5. How risky is it?



to high High




This Fund may be right for a person seeking income from dividends and capital growth.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C



















1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – DIVIDEND INCOME – FRANKLIN BISSETTFinancial Information as at December 31, 2017



Fun

d F

acts

2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN DIVIDEND – NEI NORTHWESTFinancial Information as at December 31, 2017



Year-by-year returnsThis chart shows how the Fund has performed in each of the past 6 years for a Contract Owner who chose the Guarantee 75/75 (from 2012 to 2013) or Helios2 – 75/75. Since September 24, 2012, the Fund went up in value 5 years and down in value 1 year of the 6.




Series 8: N/A


Portfolio Manager: Beutel, Goodman & Company LimitedPortfolio Turnover Rate: 10.24Minimum Deposit: Variable


This Fund invests in the NEI Northwest Canadian Dividend Fund. The underlying fund invests primarily in Canadian common stocks.


Toronto-Dominion Bank 5.5%Royal Bank of Canada 4.8%Agrium 3.4%Husky Energy 3.3%BCE 3.3%Manulife Financial Corporation 3.0%Brookfield Property Partners 2.7%Power Financial Corporation 2.6%Sun Life Financial 2.5%Canadian Imperial Bank of Commerce 2.5%TOTAL 33.6%



-10

0

10

20

30

2017201620152014*20132012*

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

-1.36

8.82

25.36

4.23

16.32

2.52

DSF FPG – Dividendes canadiens - NEI NordOuestDFS GIF – Canadian Dividend - NEI Northwest

75.2% Canadian Equity 13.4% American Equity 8.7% International Equity 2.7% Cash / Money Market





5. How risky is it?



to high High




This Fund may be right for a person seeking a balance of current income and capital appreciation. Since the Fund invests in equities, changes in market conditions can cause its market value to increase or decrease in a short period of time.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN DIVIDEND – NEI NORTHWESTFinancial Information as at December 31, 2017


Fun

d F

acts




















2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN EQUITY – JARISLOWSKY FRASERFinancial Information as at December 31, 2017


This section tells you how the Fund has performed for a Contract Owner who chose Helios2 – 75/75. The performance shown below for the years 2008 to 2014 is for the Series 5. That Series is not available under this Contract and Information Folder. Returns are after the MER has been deducted. The returns for the Fund for Series 6 and Series 8 will vary due to differences in the MER.



Year-by-year returnsThis chart shows how the Fund has performed in each of the past 10 years for a Contract Owner who chose the Guarantee 75/75 (from 2008 to 2014) or Helios2 – 75/75. Since 2008, the Fund was up in value 7 years and down in value 3 years of the 10.

Inception Date: Fund: December 5, 2005 Series 6: October 19, 2015 Series 8: April 30, 2018Total Value (000’s): Series 6: 1,812



Series 8: N/A


Portfolio Manager: Jarislowsky, Fraser LimitedPortfolio Turnover Rate: 6.96Minimum Deposit: Variable


This Fund invests in the Jarislowsky Fraser Canadian Equity Fund. The underlying fund invests primarily in equity from large Canadian companies.


Toronto-Dominion Bank 8.8%Royal Bank of Canada 7.2%Jarislowsky Fraser Special Equity Fund 6.5%Scotiabank 6.3%Enbridge 5.6%Canadian National Railway Company 4.8%Canadian Natural Resources 4.6%Manulife Financial Corporation 4.0%Potash Corporation of Saskatchewan 3.5%Open Text Corporation 3.4%TOTAL 54.8%



DSF FPG – Actions canadiennes - Jarislowsky FraserDFS GIF – Canadian Equity - Jarislowsky Fraser

35.2% Financials 17.9% Energy 12.0% Industrials 11.2% Consumer Staples 7.7% Information Technology 7.3% Materials 6.3% Consumer Discretionary 1.7% Cash / Money Market 0.7% Utilities


-30

-20

-10

0

10

20

30

201720162015*2014201320122011201020092008

6 000

7 000

8 000

9 000

10 000

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

-25.58

21.82

(1) 8 807 $(2) 8 630 $

(1) DSF FPG – Actions canadiennes – Jarislowsky Fraser(2) S&P/TSX

7.72

-8.57

7.04

Series 5 Series 6

-1.69

14.98

3.51

19.19


Fun

d F

acts

5. How risky is it?



to high High







A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C


B. Ongoing Fund FeesThe MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 100/100 i and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the guarantees work, see the Guarantees section in this Contract and Information Folder.

















1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN EQUITY – JARISLOWSKY FRASERFinancial Information as at December 31, 2017



Fun

d F

acts

2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN EQUITY – FIDELITY TRUE NORTH®

Financial Information as at December 31, 2017



Year-by-year returnsThis chart shows how the Fund has performed in each of the past 10 years for a Contract Owner who chose the Guarantee 75/75 (from 2008 to 2013) or Helios2 – 75/75. Since December 1, 2008, the Fund went up in value 9 years and down in value 1 years of the 10.




Series 8: N/A




This Fund invests in the Fidelity True North Fund®. The underlying fund invests primarily in equity from small, medium and large Canadian companies.


Toronto-Dominion Bank 8.6%Canadian National Railway Company 4.3%Suncor Energy 3.9%Royal Bank of Canada 3.8%Alimentation Couche-Tard 3.8%Rogers Communications 3.7%CGI Group 3.7%Restaurant Brands International 2.8%Metro 2.5%Constellation Software 2.4%TOTAL 39.4%




-20

-10

0

10

20

30

40

2017201620152014*201320122011201020092008*

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

-2.61

21.60

7.44

11.68

29.76

6.068.63

4.01

9.08 9.15

DSF FPG – Actions canadiennes - Fidelity Frontière NordMDDFS GIF – Canadian Equity - Fidelity True North®

83.8% Canadian Equity 9.6% Foreign Equity 6.4% Cash / Money Market 0.2% Canadian Bonds





5. How risky is it?



to high High




This Fund may be right for a person seeking long-term capital growth with moderate risk.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN EQUITY – FIDELITY TRUE NORTH®

Financial Information as at December 31, 2017


Fun

d F

acts










C. Trailing CommissionDesjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends and the Fee Option you choose:











This Fund invests in the Franklin Bissett Canadian Equity Fund. The underlying fund invests primarily in equity from medium and large Canadian companies.


Brookfield Asset Management 6.7%Canadian National Railway Company 5.5%Royal Bank of Canada 5.2%Toronto-Dominion Bank 5.1%Restaurant Brands International 4.7%Canadian Imperial Bank of Commerce 4.7%Bank of Montreal 4.2%Scotiabank 3.9%Canadian Pacific Railway 3.8%Onex Corporation 3.1%TOTAL 47.0%



2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN EQUITY – FRANKLIN BISSETTFinancial Information as at December 31, 2017







Series 8: N/A



-40

-30

-20

-10

0

10

20

30

40

50

2017201620152014*201320122011201020092008

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

-9.52

5.35

19.71

13.34

-7.30

17.42

38.08

-33.22

20.35

3.91

DSF FPG – Actions canadiennes - Franklin BissettDFS GIF – Canadian Equity - Franklin Bissett

36.7% Financials 15.8% Energy 13.3% Industrials 9.0% Consumer Discretionary 7.3% Consumer Staples 5.1% Materials 3.8% Cash / Money Market 3.2% Telecommunication Services 2.9% Utilities 2.4% Information Technology 0.5% Real Estate





Fun

d F

acts

5. How risky is it?



to high High




This Fund may be right for a person seeking long-term capital growth. Since the Fund invests in equities, changes in market conditions can cause its market value to increase or decrease in a short period of time.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C



















1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – CANADIAN EQUITY – FRANKLIN BISSETTFinancial Information as at December 31, 2017



Fun

d F

acts

2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – SPECIALTY EQUITY – NEI NORTHWESTFinancial Information as at December 31, 2017







Series 8: N/A


Portfolio Manager: Montrusco Bolton Investments Inc.Portfolio Turnover Rate: 1.74Minimum Deposit: Variable


This Fund invests in the NEI Northwest Specialty Equity Fund. The underlying fund invests primarily in equity from small Canadian companies.


New Flyer Industries 5.6%

Parex Resources 5.5%Lassonde Industries 5.4%Industrial Alliance, Insurance and Financial Services 5.2%Boyd Group Income Fund 4.9%Andrew Peller 4.3%Premium Brand Holdings Corporation 4.0%Stellas Jones 3.6%Fortuna Silver Mines 3.6%Altus Group 3.4%TOTAL 45.5%



-60

-40

-20

0

20

40

60

80

2017201620152014*201320122011201020092008

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

-7.34

16.00

0.82

-14.01

56.75

-45.32

30.48

-11.16

17.81

4.97

DSF FPG – Spécialisé Actions - NEI NordOuestDFS GIF – Specialty Equity - NEI Northwest

19.5% Industrials 15.2% Consumer Staples 14.5% Energy 13.0% Financials 11.8% Materials 9.8% Information Technology 7.2% Consumer Discretionary 6.5% Real Estate 1.4% Health Care 1.1% Cash / Money Market





5. How risky is it?



to high High




This Fund may be right for a person seeking long-term capital growth but can tolerate high variations in value.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – SPECIALTY EQUITY – NEI NORTHWESTFinancial Information as at December 31, 2017


Fun

d F

acts


















2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – SMALL CAP – FRANKLIN BISSETTFinancial Information as at December 31, 2017


Average returnA Contract Owner who deposited $1,000 in the Fund and chose Helios2 – 75/75 on February 24, 2014 and Series 6 now has $948. This works out to an average of -1.4% a year.


Inception Date: Fund: April 17, 2000 Series 6: February 24, 2014 Series 8: april 30, 2018Total Value (000’s): Series 6: 2,980



Series 8: N/A




This Fund invests in the Franklin Bissett Small Cap Fund. The underlying fund invests primarily in equity from small and medium Canadian companies.


Indigo Books & Music 7.4%Equitable Group 5.8%Trican Well Service 5.6%Leon’s Furniture 5.3%Transat A.T. 4.9%Transcontinental 4.7%Total Energy Services 4.5%AGF Management 3.8%Richelieu Hardware 3.6%Westaim Corporation 3.3%TOTAL 48.9%



-60

-40

-20

0

20

40

60

80

2017201620152014*201320122011201020092008

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

-20.04

-5.47

33.18

20.75

-12.97

27.42

58.38

-42.28

-2.09

1.87

DSF FPG – Sociétés à petite capitalisation - Franklin BissettDFS GIF – Small Cap - Franklin Bissett

31.0% Energy 24.0% Consumer Discretionary 17.0% Industrials 12.9% Financials 6.8% Materials 4.3% Cash / Money Market 2.8% Consumer Staples 1.1% Information Technology 0.1% Canadian Bonds





Fun

d F

acts

5. How risky is it?



to high High




This Fund may be right for a person seeking long-term capital growth but can tolerate high variations in value.



A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C

















1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – SMALL CAP – FRANKLIN BISSETTFinancial Information as at December 31, 2017



Fun

d F

acts

2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – AMERICAN EQUITY – MFSFinancial Information as at December 31, 2017







Series 8: N/A


Portfolio Manager: MFS Investment Canada LimitedPortfolio Turnover Rate: 22.68Minimum Deposit: Variable

-30

-20

-10

0

10

20

30

40

50

2017201520152014*201320122011201020092008

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

12.85

37.79

11.88

1.54

8.34

-23.64

17.10

3.00

12.85

-4.39

DSF FPG – Actions américaines - MFSDFS GIF – American Equity - MFS

27.4% Information Technology 15.5% Financials 15.1% Health Care 12.2% Consumer Discretionary 9.6% Consumer Staples 6.5% Industrials 5.0% Energy 4.0% Materials 2.6% Real Estate 1.7% Cash / Money Market 0.5% Utilities



This Fund invests in the MFS U.S. Equity Core Fund. The underlying fund invests primarily in equity from large American companies.


JPMorgan Chase & Company 3.9%Bank of America Corporation 3.2%Visa 3.1%Alphabet, Class A 3.0%Thermo Fisher Scientific 2.8%American Tower Corporation REIT 2.6%Broadcom 2.5%Alphabet, Class C 2.4%Cognizant Technology Solutions Corporation 2.4%Comcast Corporation 2.3%TOTAL 28.3%






5. How risky is it?



to high High







A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – AMERICAN EQUITY – MFSFinancial Information as at December 31, 2017


Fun

d F

acts

B. Ongoing Fund FeesThe MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 100/100 i and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.





Helios2 – 75/100 i If you choose Helios2 – 75/100 i or Helios2 100/100 i, you will have to pay both the MER and the additional guarantee fee.

If you choose Helios2 – 75/100 i or Helios2 100/100 i, you will have to pay both the MER and the additional guarantee fee. 0.75%











If you choose Helios2 – 75/100 i or Helios2 100/100 i, you will have to pay both the MER and the additional guarantee fee.


2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – AMERICAN EQUITY VALUE – DESJARDINSFinancial Information as at December 31, 2017







Series 8: N/A


Portfolio Manager: Wellington Management Company, LLPPortfolio Turnover Rate: 12.45Minimum Deposit: Variable


This Fund invests in the Desjardins American Equity Value Fund. The underlying fund invests primarily in equity from medium and large American companies.


Bank of America Corporation 4.3%JPMorgan Chase & Company 4.2%Citigroup 3.5%Chevron Corporation 3.0%Intel Corporation 3.0%Exxon Mobil Corporation 2.5%Wells Fargo & Company 2.1%Merck & Company 2.0%Verizon Communications 1.9%Bristol-Myers Squibb Company 1.8%TOTAL 28.3%



-40

-30

-20

-10

0

10

20

30

40

2017201620152014*201320122011201020092008

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

15.16 15.77

32.39

-2.65

5.37

10.47

-26.80

4.218.109.22DSF FPG – Actions américaines valeur - Desjardins

DFS GIF – American Equity Value - Desjardins

81.8% American Equity 13.3% International Equity 2.8% Cash / Money Market 2.1% Canadian Equity





Fun

d F

acts

5. How risky is it?



to high High







A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C



















1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – AMERICAN EQUITY VALUE – DESJARDINSFinancial Information as at December 31, 2017



Fun

d F

acts

2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – GLOBAL DIVIDEND – DESJARDINSFinancial Information as at December 31, 2017



Year-by-year returnsThis chart shows how the Fund has performed in each of the past 6 years for a Contract Owner who chose the Guarantee 75/75 (from 2012 to 2013) or Helios2 – 75/75. Since September 24, 2012, the Fund went up in value 6 years and down in value 0 years of the 6.




Series 8: N/A


Portfolio Manager: Epoch Investment Partners, Inc.Portfolio Turnover Rate: 8.85Minimum Deposit: Variable


This Fund invests in the Desjardins Global Dividend Fund. The underlying fund invests in equity securities worldwide.


Vodafone Group 2.0%BCE 1.9%Imperial Brands 1.9%Royal Dutch Shell 1.8%Verizon Communications 1.8%Total 1.7%AT&T 1.7%Altrian Group 1.7%AXA 1.7%Muenchener Rueckversicherung 1.6%TOTAL 17.8%



-10

0

10

20

30

40

2017201620152014*20132012*

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

29.31

0.17

10.64

2.06

8.16 6.93

DSF FPG – Mondial de dividendes - DesjardinsDFS GIF – Global Dividend - Desjardins

13.7% Utilities 13.3% Consumer Staples Financials Telecommunication Services Energy Health Care 7.1% Industrials 4.8% Information Technology 4.6% Real Estate 4.2% Cash / Money Market 2.9% Materials 2.9% Consumer Discretionary

13.1% 12.7% 10.5% 10.2%





5. How risky is it?



to high High







A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – GLOBAL DIVIDEND – DESJARDINSFinancial Information as at December 31, 2017


Fun

d F

acts




















2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – GLOBAL EQUITY – MFSFinancial Information as at December 31, 2017







Series 8: N/A




This Fund invests in the MFS Global Research Fund. The underlying fund invests primarily in equity from American, European and Asian companies.


Facebook 1.9%Alphabet 1.8%Citigroup 1.6%Amazon.com 1.5%Visa 1.4%Honeywell International 1.4%AIA Group 1.3%US Bancorp 1.3%American Tower Corporation REIT 1.2%Medtronic 1.2%TOTAL 14.7%



-50

-40

-30

-20

-10

0

10

20

30

40

2017201620152014*201320122011201020092008

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

15.50

5.61

29.99

4.120.13

-14.44

8.96

-38.33

-0.43

14.78

DSF FPG – Actions mondiales MFSDFS GIF – Global Equity - MFS

19.8% Information Technology 18.0% Financials Health Care Industrials Consumer Discretionary Consumer Staples 7.5% Materials 6.0% Energy 3.4% Utilities 2.9% Real Estate 2.2% Telecommunication Services 0.5% Cash / Money Market

10.6% 10.4% 10.2%

8.5%





Fun

d F

acts

5. How risky is it?



to high High







A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C



















1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – GLOBAL EQUITY – MFSFinancial Information as at December 31, 2017



Fun

d F

acts

2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – INTERNATIONAL EQUITY – MFSFinancial Information as at December 31, 2017







Series 8: N/A



-50

-40

-30

-20

-10

0

10

20

30

2017201620152014*201320122011201020092008

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

-4.03

18.7222.89

12.16

-3.06

11.67

-36.71

-14.95

-5.19

17.39

DSF FPG – Actions internationales - MFSDFS GIF – International Equity - MFS

18.5% Consumer Staples 16.4% Health Care 16.4% Financials 14.5% Industrials 12.4% Information Technology 10.0% Consumer Discretionary 6.6% Materials 2.4% Energy 1.6% Cash / Money Market 1.2% Utilities



This Fund invests in the MFS International Equity Fund II. The underlying fund invests primarily in equity from large European and Far Eastern companies.


Nestlé 3.8%Bayer AG 3.1%AIA Group 2.7%ING Groep 2.6%Roche Holding AG 2.6%USB Group AG 2.4%Air Liquide 2.4%Schneider Electric 2.4%Pernod Ricard 2.4%SAP SE 2.4%TOTAL 26.8%






5. How risky is it?



to high High







A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – INTERNATIONAL EQUITY – MFSFinancial Information as at December 31, 2017


Fun

d F

acts




















2. Quick Facts

1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – INTERNATIONAL EQUITY GROWTH – DESJARDINSFinancial Information as at December 31, 2017



Year-by-year returnsThis chart shows how the Fund has performed in each of the past 6 years for a Contract Owner who chose the Guarantee 75/75 (from 2012 to 2013) or Helios2-75/75. Since September 24, 2012, the Fund went up in value 4 years and down in value 2 years of the 5.




Series 8: N/A


Portfolio Manager: Baillie Gifford OverseasPortfolio Turnover Rate: 6.78Minimum Deposit: Variable


This Fund invests in the Desjardins Overseas Equity Growth Fund. The underlying fund invests primarily in large cap corporations outside of North America.


Tencent Holdings 6.9%ASML Holding 4.7%Alibaba Group Holding 4.4%AIA Group 4.4%Baidu, ADR 4.2%Softbank Corporation 3.7%Inditex 3.4%Atlas Copco 3.3%Kering 3.0%Ferrari 2.9%TOTAL 40.9%



-10

0

10

20

30

40

2017201620152014*20132012*

9 000

9 500

10 000

10 500

11 000

Déc. 2009Déc. 2008Déc. 2007*Oct. 2007

%

$

(2) 10 474 $

(1) 10 250 $


Series 5 Series 6

13.44

-2.94

35.13

5.15

-5.32

33.71

DSF FPG – Actions internationales croissance - DesjardinsDFS GIF – International Equity Growth - Desjardins

26.9% Consumer Discretionary 26.4% Information Technology 12.4% Financials 9.9% Health Care 9.8% Industrials 4.1% Materials 3.7% Telecommunication Services 3.6% Consumer Staples 3.2% Cash / Money Market





Fun

d F

acts

5. How risky is it?



to high High







A. Sales Charges





3.0%2.5%2.0%0.0%






Fee Option B


5.5%5.0%5.0%4.0%4.0%3.0%2.0%0.0%






Fee Option C



















1. DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACTDFS GIF – INTERNATIONAL EQUITY GROWTH – DESJARDINSFinancial Information as at December 31, 2017



Notes

1318

8E (2

018

-04)

Desjardins Insurance refers to Desjardins Financial Security Life Assurance Company.

This document is printed on Rolland Enviro paper.

100%

The Contract and Information Folder contains important information on the Desjardins Financial Security Guaranteed Investment Funds Plan – Helios2 and the DFS Guaranteed Investment Funds. Please read it carefully before investing.

Helios2 is a trademark owned by Desjardins Financial Security Life Assurance Company. DFS Guaranteed Investment Funds is a registered trademark owned by Desjardins Financial Security Life Assurance Company. DFS Guaranteed Investment Funds are established by Desjardins Financial Security Life Assurance Company.

DFS stands for Desjardins Financial Security.

Choosing Desjardins...is choosing Desjardins Group, the largest cooperative financial group in Canada whose financial stability is recognized by the following credit ratings which are comparable, if not superior to those of the five largest Canadian banks and insurance companies:

• Standard and Poor’s A+• Moody’s Aa2• Dominion Bond Rating Service AA• Fitch AA-

desjardinslifeinsurance.com

https://www.desjardinslifeinsurance.com

helios2 contract and information folder - desjardins … life of the annuitant (life assured). you...

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