Decreasing surrender charges
Surrender charge rates (%)
Multi-year interest rate guarantee period
YEAR 3 YRS 4 YRS 5 YRS 6 YRS 7 YRS 8 YRS 9 YRS 10 YRS
1
9.0
9.0
9.0
9.0
9.0
9.0
9.0
9.0
2
8.0
8.0
8.0
8.0
8.0
8.0
8.0
8.0
3
7.0
7.0
7.0
7.0
7.0
7.0
7.0
7.0
4
6.0
6.0
6.0
6.0
6.0
6.0
6.0
5
5.0
5.0
5.0
5.0
5.0
5.0
6
4.0
4.0
4.0
4.0
4.0
7
3.0
3.0
3.0
3.0
8
2.5
2.5
2.5
9
1.5
1.5
10
0.9
Surrender charges apply during each interest rate guarantee period and vary based on the amount of time that has elapsed since the beginning of the current interest rate guarantee period.
5
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