Notification regarding select universal life products from ivari

Published on: November 5, 2024

For universal life products Challenger, Discovery 2000, Achiever and/or Achiever Plus: Exchange Traded Funds (ETFs) as potential investments in some Variable Investment Options (VIOs).

Effective on or about December 1, 2024, the Portfolio Manager may allocate Exchange Traded Fund (ETFs) to the following Variable Investment Options (VIOs): Can-Euro Fund, Can Global Bond Fund and Dividend Fund.

• Can-Euro Fund: ETFs could constitute up to 100% of the fund’s investments in the Can-Euro Fund. ETF would aim to maintain exposure to European equity markets.
• Can Global Bond Fund: ETFs could constitute up to 100% of the fund’s investments in the Can Global Bond Fund. ETF would aim to maintain exposure to global government bond markets.
• Dividend Fund: ETFs could make up to 60% of the fund’s investments in the Dividend Fund. ETF would be used to gain exposure to preferred shares.

Please refer to your contract documents for VIO availability along with the Yearly Fund Fact under Life Products (currently available on ivari.ca). Keep this notice along with your contract(s).

ETF investment(s), if any, will be indicated in the yearly VIO’s Fund Fact Pages and in the VIO’s Financial Statements.

T3 and RJ 16 slips will be issued to policyholders of segregated funds to report allocations from the fund, which may include realized capital gains or losses arising from changes in the fund’s holdings (e.g. individual stocks to ETF) or from the policyholder’s redemption of units in the fund. Please consult an independent tax advisor if you deem it necessary.