Terms and conditions
As of March 31, 2026, you can no longer purchase a new Helios2 contract. This section is for information purposes only.
Maximum Annuitant Age or younger to make a deposit
| Series 6/6F Helios2 - 75/75 |
Series 8/8F Helios2 - 75/75 |
Series 6/6F Helios2 - 75/100i |
Series 8/8F Helios2 - 75/100i |
Series 6/6F Helios2 - 100/100i |
Series 8/8F Helios2 - 100/100i |
|---|---|---|---|---|---|
| Age 90 inclusive (Fee Options A or F*) Age 80 inclusive (Fee Options D and E) | Age 90 inclusive (Fee Options A or F*) Age 80 inclusive (Fee Options D and E) | Age 85 inclusive (Fee Options A or F*) Age 80 inclusive (Fee Options D and E) | Age 85 inclusive (Fee Options A or F*) Age 80 inclusive (Fee Options D and E) | Age 80 (inclusive) | Age 80 (inclusive) |
* This fee option is only available for contracts held externally in an intermediary or nominee account.
Additional deposit
| - | Series 6/6F Helios2 - 75/75 |
Series 8/8F Helios2 - 75/75 |
Series 6/6F Helios2 - 75/100i |
Series 8/8F Helios2 - 75/100i |
Series 6/6F Helios2 - 100/100i |
Series 8/8F Helios2 - 100/100i |
|---|---|---|---|---|---|---|
| Minimum lump-sum amount1 |
$500 | $500 | $500 | $500 | $500 | $500 |
| Minimum monthly pre-authorized debit (PAD) amount2 | $50 | $50 | $50 | $50 | $50 | $50 |
1 The minimum deposit per Fund is $500.
2 The minimum PAD amount per Fund is $25.
* This fee option is only available for contracts held externally in an intermediary or nominee account.
| Minimum total market value | Series 6/6F* | Series 8/8F* |
|---|---|---|
| Market value of the units attributed to all Individual variable insurance contracts (all contracts owned by the client, including Joint plans) issued to the Owner by the Company (Helios 2 Contract and all contracts previously issued by the Company) | n/a | $250,000 |
* This fee option is only available for contracts held externally in an intermediary or nominee account.
Deposits over $1,000,000 must be pre-approved by Desjardins Insurance. The following information is required: the amount of the deposit, the selected guarantee, the client’s age and the contract type. Other information (e.g., medical questionnaire) may be requested.
Fees charged to the Contract Owner
Fee Option A
- No sales or surrender/withdrawn charges
Fee Option B
The low load sales charge fee option (fee option B) is no longer offered starting November 28, 2022 except for switches of Units that were under fee option B when the fee option ceased to be offered. For these Units, the withdrawal fees indicated below continue to apply until expiry of the withdrawal schedule from the dates of the deposits.
| Low Load Sales Charges | Rate3 |
|---|---|
| In calendar year 1 | 3.0% |
| In calendar year 2 | 2.5% |
| In calendar year 3 | 2.0% |
| Thereafter | 0.0% |
Fee Option C
The deferred sales charge fee option (fee option C) is no longer offered starting November 28, 2022 except for switches of Units that were under fee option C when the fee option ceased to be offered. For these Units, the withdrawal fees indicated below continue to apply until expiry of the withdrawal schedule from the dates of the deposits.
| Deferred surrender/withdrawn charges, 7 years | Rate3 |
|---|---|
| In calendar year 1 | 5.5% |
| In calendar year 2 | 5.0% |
| In calendar year 3 | 5.0% |
| In calendar year 4 | 4.0% |
| In calendar year 5 | 4.0% |
| In calendar year 6 | 3.0% |
| In calendar year 7 | 2.0% |
| Thereafter | 0.0% |
3 These charges are based on the net asset value per Unit as at the time of surrender/withdrawal for the units being surrendered/withdrawn.
Option D: No fees – Chargeback of the first-year commission if a surrender/withdraw occurs within 36 months of the deposit
| Month | Chargeback rate | Month | Chargeback rate |
|---|---|---|---|
| 1 | 100.0% | 20 | 47.2% |
| 2 | 97.2% | 21 | 44.4% |
| 3 | 94.4% | 22 | 41.7% |
| 4 | 91.7% | 23 | 38.9% |
| 5 | 88.9% | 24 | 36.1% |
| 6 | 86.1% | 25 | 33.3% |
| 7 | 83.3% | 26 | 30.6% |
| 8 | 80.6% | 27 | 27.8% |
| 9 | 77.8% | 28 | 25.0% |
| 10 | 75.0% | 29 | 22.2% |
| 11 | 72.2% | 30 | 19.4% |
| 12 | 69.4% | 31 | 16.7% |
| 13 | 66.7% | 32 | 13.9% |
| 14 | 63.9% | 33 | 11.1% |
| 15 | 61.1% | 34 | 8.3% |
| 16 | 58.3% | 35 | 5.6% |
| 17 | 55.6% | 36 | 2.8% |
| 18 | 52.8% | 37+ | 0.0% |
| 19 | 50.0% |
Option E: No fees – Chargeback of the first-year commission if a surrender/withdraw occurs within 60 months of the deposit
| Month | Chargeback rate | Month | Chargeback rate | Month | Chargeback rate |
|---|---|---|---|---|---|
| 1 | 100.0% | 22 | 65.0% | 43 | 30.0% |
| 2 | 98.3% | 23 | 63.3% | 44 | 28.3% |
| 3 | 96.7% | 24 | 61.7% | 45 | 26.7% |
| 4 | 95.0% | 25 | 60.0% | 46 | 25.0% |
| 5 | 93.3% | 26 | 58.3% | 47 | 23.3% |
| 6 | 91.7% | 27 | 56.7% | 48 | 21.7% |
| 7 | 90.0% | 28 | 55.0% | 49 | 20.0% |
| 8 | 88.3% | 29 | 53.3% | 50 | 18.3% |
| 9 | 86.7% | 30 | 51.7% | 51 | 16.7% |
| 10 | 85.0% | 31 | 50.0% | 52 | 15.0% |
| 11 | 83.3% | 32 | 48.3% | 53 | 13.3% |
| 12 | 81.7% | 33 | 46.7% | 54 | 11.7% |
| 13 | 80.0% | 34 | 45.0% | 55 | 10.0% |
| 14 | 78.3% | 35 | 43.3% | 56 | 8.3% |
| 15 | 76.7% | 36 | 41.7% | 57 | 6.7% |
| 16 | 75.0% | 37 | 40.0% | 58 | 5.0% |
| 17 | 73.3% | 38 | 38.3% | 59 | 3.3% |
| 18 | 71.7% | 39 | 36.7% | 60 | 1.7% |
| 19 | 70.0% | 40 | 35.0% | 61+ | 0.0% |
| 20 | 68.3% | 41 | 33.3% | ||
| 21 | 66.7% | 42 | 31.7% |
Fee Option F (Advisor Service Fee)
No sales charges or withdrawal fees to pay. You, and the distributor you do business with, do not receive any sales commission or trailing commission. Instead, you determine with your client the fees they will pay you and your distributor for your services and advice and the way these fees will be paid. Since we do not pay a trailing commission to you and your distributor under this fee option, Series 6F or 8F apply to your client’s Units and their MER is lower.
This option is only available if the contract is held externally in an intermediary or nominee account.
Change of fee option
Once the deposit has been made, it is no longer possible to change the chosen fee option, except to go from Fee Option A to Fee Option F or from Fee Option F to Fee Option A (your client will not have to pay any fees for such a change and the amount of their guaranteed minimum benefits will not be decreased). But your client can choose a different option for future deposits.
Your client can change their guarantee 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.
Once the guarantee is changed, the deposit amount and the guaranteed amount 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 will become the new deposit amount.
- The Market Day that notification is received will become the new valuation date of the first deposit and therefore the new contract anniversary date.
- If the new Guarantee is Helios 2 – 100/100 i, the maturity date will be set using the new valuation date of the first deposit.
- The guarantee Helios 2 – 75/100 – GLWB is not available. The GLWB Bonus Base and GLWB Protected Value will be set at the new deposit amount.
* The Owner must select one of the 3 guarantees currently 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 selected guarantee.