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MACKENZIE SEGREGATED FUNDS

Issued by the Great-West Life Assurance Company.

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What is a segregated fund?

A segregated fund is an investment fund that you hold within an insurance contract. The term “segregated” refers to the fact that your investment is separated from the general assets of the insurance company. Your insurance contract dictates the insurance protection you receive. So segregated funds are an insurance contract that provides you investment management plus protection.

Segregated Funds – Unique Advantages

Segregated funds are similar to mutual funds in many respects but provide a number of additional features and benefits.

Similarities to Mutual Funds

Professional Money Management
Like mutual funds, segregated funds are run by professional money managers who have the experience and skills necessary to effectively manage your money. They also have access to economic data, company research reports and technology that may not generally be available to you. With Mackenzie Segregated Funds you have access to funds within four of Mackenzie’s fund families, Ivy, Cundill, Maxxum and Universal, as well as STAR.

Diversification
Like mutual funds, segregated funds provide you with access to diversified investment portfolios. Diversification – or spreading your assets among a variety of different investments is an investment strategy designed to lower a portfolio’s overall risk while enhancing returns over time.

Benefits Beyond Mutual Funds

Maturity and Death Guarantees
Depending on the contract, an investor can choose from a number of options that guarantee a minimum of 75% of the total amount you paid to the contract upon death or contract maturity*. Mackenzie Segregated Funds offer you two choices of guarantee levels so that you only pay for the protection that you need. For more information about Mackenzie Segregated Funds see Choose Your Options section below or our Information Folder.

Potential Creditor Protection
This feature is of primary concern for business owners or professionals as their assets may be exposed to creditors. You may be able to achieve potential creditor protection by naming a “preferred” or “irrevocable” beneficiary. The key relationship is between the life insured (the annuitant) and the beneficiary. There are exceptions to this and it is recommended that you consult independent legal counsel.

Estate Planning Made Easy
Proceeds of your contract are paid directly to your beneficiary, avoiding the time and expense of probate. Also, probate is a public process and information associated with it is accessible to the public. By helping your heirs bypass probate, segregated funds can ensure that your personal decisions and information remain the way they were meant to be…personal.

Consumer Protection
Segregated funds are eligible for coverage by The Canadian Life and Health Insurance Compensation Corporation (CompCorp). This plan protects Canadian policyholders, within limits, from loss of benefits in the event of the insolvency of the company.

Less Worry For You
Mackenzie Financial Corporation wants to make your investment grow without worry, through ease of planning, flexibility and investment choice. Mackenzie Segregated Funds are managed by some of the top money managers in Canada.

Choose Your Options

Basic Enhanced Guarantee Rider

Maximum Issue Age 89 (69 for RRSP/LIRA) 69

Contract Maturity Date Dec.31 in the year the annuitant turns 100 Dec.31 in the year the annuitant turns 100

Maturity Guarantee* 75% 100% guarantee of principal every 10 years (after 10 years)

Death Guarantee*
DSC not payable at death 75% 100% after 5 years

Resets
No client initiated resets An automatic reset at Dec.31 of the year the annuitant turns 69, if purchased by 59 An automatic reset every 10 years to age 70, if purchased by 59

ALL GUARANTEES ARE LESS PROPORTIONATE WITHDRAWALS A DESCRIPTION OF THE KEY FEATURES OF THE MACKENZIE SEGREGATED FUNDS ANNUITY CONTRACT IS CONTAINED IN THE INFORMATION FOLDER. THE GREAT-WEST LIFE ASSURANCE COMPANY IS THE SOLE ISSUER OF THE INDIVIDUAL VARIABLE ANNUITY CONTRACT DESCRIBED IN THE INFORMATION FOLDER. SUBJECT TO ANY APPLICABLE DEATH AND MATURITY GUARANTEE, AMOUNTS ALLOCATED TO A SEGREGATED FUND ARE INVESTED AT THE RISK OF THE OWNER, AND MAY INCREASE OR DECREASE IN VALUE ACCORDING TO THE FLUCTUATIONS IN THE MARKET VALUE OF THE SEGREGATED FUND.