Fund Facts for Empire Class Segregated Funds · CLASS FUND CLASS CREATED MINIMUM INVESTMENT...
Transcript of Fund Facts for Empire Class Segregated Funds · CLASS FUND CLASS CREATED MINIMUM INVESTMENT...
INV-2071-EN-06/19
FUND FACTS
EMPIRE CLASS SEGREGATED FUNDS
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.
As at December 31, 2019
This fund facts booklet contains individual fund facts for the segregated funds available under the
Empire Class Segregated Funds plan. You can choose to invest in one or more of the funds available.
The individual fund facts describe the key features of each segregated fund including its risk level,
past performance, suitability, guarantees, and what fees and charges may apply.
The individual fund facts are not complete without the following description of your rescission
rights and our contact information.
What if I change my mind?You can change your mind about your investment within two business days of receiving your
confirmation notice.
You have to tell us in writing that you want to cancel the transaction. We will assume you have
received your confirmation notice five business days after it is mailed. The amount returned will
be the lesser of the amount you invested or the value of the fund if it has gone down. The amount
returned only applies to the specific transaction and will include a refund of any sales charges or
other fees you paid.
For more informationThis summary may not contain all of the information you need. Please read the Information Folder
and Contract Provisions for more details.
Contact Information
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Email: [email protected] (English) or [email protected] (French)
Introduction to Fund Facts Empire Class Segregated Funds
Table of ContentsFund facts
Money Market Fund .................................................................................................................... 1
Bond Fund .....................................................................................................................................3
Income Fund .................................................................................................................................5
Balanced Fund ..............................................................................................................................7
Asset Allocation Fund .................................................................................................................9
Global Balanced Fund .............................................................................................................. 11
Canadian Equity Fund ...............................................................................................................13
Dividend Growth Fund .............................................................................................................15
Elite Equity Fund .........................................................................................................................17
Small Cap Equity Fund .............................................................................................................19
American Value Fund ................................................................................................................21
Global Equity Fund ................................................................................................................... 23
Global Smaller Companies Fund .......................................................................................... 25
International Equity Fund.........................................................................................................27
Global Dividend Growth Fund .............................................................................................. 29
US Equity Index Fund ................................................................................................................31
Conservative Portfolio Fund .................................................................................................. 33
Balanced Portfolio Fund ......................................................................................................... 35
Moderate Growth Portfolio Fund ..........................................................................................37
Growth Portfolio Fund ............................................................................................................ 39
Aggressive Growth Portfolio Fund ........................................................................................41
INV-2071-EN-06/201 of 42
Fund Facts
Money Market Fund
As at December 31, 2019
What does the fund invest in?This segregated fund primarily invests in short-term securities such as treasury bills and short-term debt issued by governments and Canadian corporations.
TOP 10 INVESTMENTS† %
Great-West Lifeco Inc. 4.650% Aug 13, 2020 6.5
HSBC Bank Canada 1.816% Jul 7, 2020 5.6
Capital Desjardins Inc. 5.187% May 5, 2020 5.6
Greater Toronto Airports Authority 1.922% Jan 8, 2020 5.1
AT&T Inc. 3.825% Nov 25, 2020 4.3
BP Capital Markets PLC 3.497% Nov 9, 2020 4.3
Metropolitan Life Global Funding I 3.027% Jun 11, 2020 4.3
AltaLink Investments Limited Partnership 3.265% Jun 5, 2020 4.2
Bank of Nova Scotia 2.090% Sep 9, 2020 4.2
Toyota Credit Canada Inc. 2.050% May 20, 2020 4.2
Total 48.3
Total Investments: 25†Proportion of total fund value
Investment Segmentation (%)
• Canadian Bonds 58.1
• Short Term Investments 28.5
• U.S. Bonds 8.5
• International Bonds 4.3
• Other Net Assets (Liabilities) 0.5
• Cash and Cash Equivalents 0.1
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking income, wanting to invest mostly in Canadian bonds and is willing to accept a low level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $986 on December 31, 2019. This works out to an average of -0.1% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-3%
0%
3%
6%
2019201820172016201520142013201220112010
-0.5% 0.3% 0.6%-0.1% -0.1% -0.2%-0.3% -0.2% -0.5%-0.4%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
Note: New deposits available only to existing contract holders.
Quick Facts
Date Fund Created: February 1989 Managed by: Empire Life Investments Inc. Total Fund Value: $118.2 Million Fund Portfolio Turnover Rate: N/A
FUNDCLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 1.52% $22.89 317,739
C September 2006 $1,000 initial, $500 per fund 100/100 1.57% $22.65 47,249
D September 2006 $250,000 initial, $500 per fund 75/100 0.85% $24.90 69,879
E September 2006 $250,000 initial, $500 per fund 100/100 0.94% $24.56 13,853
INV-2071-EN-06/20 2 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/203 of 42
Fund Facts
Bond Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: December 1987 Managed by: Empire Life Investments Inc. Total Fund Value: $622.2 Million Fund Portfolio Turnover Rate: 43.39%
FUNDCLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 2.29% $51.07 181,374
C September 2006 $1,000 initial, $500 per fund 100/100 2.48% $49.89 39,512
D September 2006 $250,000 initial, $500 per fund 75/100 1.47% $56.61 9,317
E September 2006 $250,000 initial, $500 per fund 100/100 1.71% $55.32 586
What does the fund invest in?This segregated fund primarily invests in government issued bonds as well as bonds, debentures and investment grade notes issued by corporations.
TOP 10 INVESTMENTS† %
Government of Canada 2.250% Jun 1, 2029 9.7
Empire Life Strategic Corporate Bond - Class F 9.1
Government of Canada 2.750% Dec 1, 2048 2.7
Province of Nova Scotia 4.500% Jun 1, 2037 2.2
Province of Quebec 3.500% Dec 1, 2045 2.1
Scotiabank Capital Trust 5.650% Dec 31, 2056 2.0
Hydro-Quebec 4.000% Feb 15, 2055 2.0
Province of New Brunswick 3.550% Jun 3, 2043 1.9
Canada Housing Trust 2.400% Dec 15, 2022 1.9
Province of Ontario 2.400% Jun 2, 2026 1.7
Total 35.3
Total Investments: 105†Proportion of total fund value
Investment Segmentation (%)
• Canadian Bonds 83.3
• Segregated/Mutual Funds 9.1
• Canadian Equities 3.0
• U.S. Bonds 2.9
• International Bonds 0.8
• Short Term Investments 0.5
• Other Net Assets (Liabilities) 0.4
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking income, wanting to invest mostly in Canadian bonds and is willing to accept a low level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $1,237 on December 31, 2019. This works out to an average of 2.1% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-5%
0%
5%
10%
2019201820172016201520142013201220112010
2.6%-1.8%
5.2%2.5%
5.5%
-2.2%
6.7%
1.4% 0.8% 1.2%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
INV-2071-EN-06/20 4 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/205 of 42
Fund Facts
Income Fund
As at December 31, 2019
What does the fund invest in?This segregated fund primarily invests in investment grade bonds, debentures and notes issued by corporations and the Government of Canada, Canadian provinces, territories and municipalities and foreign governments. The fund invests directly and in units of other Empire Life segregated funds.
TOP 10 INVESTMENTS† %
American Value Fund - Class F 12.3
Empire Life Strategic Corporate Bond - Class F 5.4
Government of Canada 2.250% Jun 1, 2029 2.8
Government of Canada 2.750% Dec 1, 2048 1.7
Royal Bank of Canada 1.700% Jan 2, 2020 1.4
Canada Housing Trust 2.400% Dec 15, 2022 1.3
Government of Canada 0.750% Sep 1, 2021 1.3
Scotiabank Capital Trust 5.650% Dec 31, 2056 1.3
Bank of Nova Scotia 1.2
Ryder Truck Rental Canada Limited 2.033% Jan 6, 2020 1.2
Total 29.9
Total Investments: 204†Proportion of total fund value
Investment Segmentation (%)
• Canadian Bonds 52.5
• Segregated/Mutual Funds 17.7
• Canadian Equities 17.5
• International Equities 5.2
• Short Term Investments 4.2
• U.S. Bonds 2.0
• International Bonds 0.5
• Other Net Assets (Liabilities) 0.3
• U.S. Equities 0.1
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in Canadian stocks and bonds and is willing to accept a low level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $1,418 on December 31, 2019. This works out to an average of 3.6% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-10%
-5%
0%
5%
10%
15%
2019201820172016201520142013201220112010
-4.2%
9.9%
3.7%6.2%
3.4% 2.8%6.7%
3.9% 3.4%0.4%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: January 2002
Managed by: Empire Life Investments Inc. Total Fund Value: $430.7 Million Fund Portfolio Turnover Rate: 26.49%
FUNDCLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 2.27% $19.88 1,514,106
C September 2006 $1,000 initial, $500 per fund 100/100 2.45% $19.40 392,683
D September 2006 $250,000 initial, $500 per fund 75/100 1.51% $21.97 115,307
E September 2006 $250,000 initial, $500 per fund 100/100 1.64% $21.52 10,363
INV-2071-EN-06/20 6 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/207 of 42
Fund Facts
Balanced Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: February 1989 Managed by: Empire Life Investments Inc. Total Fund Value: $495.5 Million Fund Portfolio Turnover Rate: 30.64%
FUNDCLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 2.65% $53.93 628,045
C September 2006 $1,000 initial, $500 per fund 100/100 2.99% $51.78 129,181
D September 2006 $250,000 initial, $500 per fund 75/100 1.57% $62.18 70,025
E September 2006 $250,000 initial, $500 per fund 100/100 1.90% $59.55 7,963
What does the fund invest in?This segregated fund primarily invests in a diversified mix of primarily Canadian equity and fixed income securities. The fund invests directly and in units of other Empire Life segregated funds.
TOP 10 INVESTMENTS† %
American Value Fund - Class F 19.1
Government of Canada 2.250% Jun 1, 2029 2.3
Canada Housing Trust No 1 1.800% Dec 15, 2024 2.0
Bank of Nova Scotia 1.8
Canada Housing Trust 1.150% Dec 15, 2021 1.4
Toronto-Dominion Bank 1.3
Royal Bank of Canada 1.3
Brookfield Asset Management Inc. 'A' 1.3
Government of Canada 2.750% Dec 1, 2048 1.1
Keyera Corporation 1.1
Total 32.7
Total Investments: 202†Proportion of total fund value
Investment Segmentation (%)
• Canadian Bonds 44.6
• Canadian Equities 25.3
• Segregated/Mutual Funds 19.1
• International Equities 7.4
• U.S. Bonds 1.8
• Short Term Investments 1.0
• International Bonds 0.4
• Other Net Assets (Liabilities) 0.3
• U.S. Equities 0.1
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in Canadian stocks and bonds and is willing to accept a low level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $1,455 on December 31, 2019. This works out to an average of 3.8% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-20%
-10%
0%
10%
20%
2019201820172016201520142013201220112010
3.8% 3.6% -5.5%
11.8%
4.2% 1.4%8.9% 6.4% 4.5%
0.1%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
INV-2071-EN-06/20 8 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/209 of 42
Fund Facts
Asset Allocation Fund
As at December 31, 2019
What does the fund invest in?This segregated fund primarily invests in a diversified mix of Canadian equity and fixed income securities.
TOP 10 INVESTMENTS† %
Empire Life Strategic Corporate Bond - Class F 5.0
Royal Bank of Canada 1.700% Jan 2, 2020 2.5
Government of Canada 0.750% Sep 1, 2020 2.0
Empire Life Short Term High Income GIF - Class F 2.0
Bank of Nova Scotia 1.8
Canadian Imperial Bank of Commerce 1.8
Brookfield Asset Management Inc. 'A' 1.8
Canada Housing Trust 2.400% Dec 15, 2022 1.7
Government of Canada 1.656% Feb 20, 2020 1.6
Cenovus Energy Inc. 1.6
Total 21.8
Total Investments: 216†Proportion of total fund value
Investment Segmentation (%)
• Canadian Equities 32.5
• Canadian Bonds 26.3
• U.S. Equities 15.2
• Short Term Investments 11.3
• International Equities 7.2
• Segregated/Mutual Funds 6.9
• U.S. Bonds 0.7
• International Bonds 0.3
• Cash and Cash Equivalents 0.1
• Other Net Assets (Liabilities) -0.5
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in Canadian stocks and bonds and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $1,712 on December 31, 2019. This works out to an average of 5.5% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-20%
-10%
0%
10%
20%
2019201820172016201520142013201220112010
3.3%7.3%
-7.6%
12.3%
-2.0%
16.6%11.4% 7.6%
2.6% 5.9%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: May 1994 Managed by: Empire Life Investments Inc. Total Fund Value: $1,212.9 Million Fund Portfolio Turnover Rate: 51.62%
FUNDCLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 2.66% $36.92 2,066,468
C September 2006 $1,000 initial, $500 per fund 100/100 3.04% $35.21 423,753
D September 2006 $250,000 initial, $500 per fund 75/100 1.60% $42.46 239,794
E September 2006 $250,000 initial, $500 per fund 100/100 1.91% $40.54 24,826
INV-2071-EN-06/20 10 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/2011 of 42
Fund Facts
Global Balanced Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: June 2003 Managed by: Empire Life Investments Inc. Total Fund Value: $306.3 Million Portfolio Turnover Rate: 37.38%
FUNDCLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 2.96% $13.23 637,078
C September 2006 $1,000 initial, $500 per fund 100/100 3.31% $12.65 132,198
D September 2006 $250,000 initial, $500 per fund 75/100 1.94% $15.12 35,760
E September 2006 $250,000 initial, $500 per fund 100/100 2.27% $14.56 7,542
What does the fund invest in?This segregated fund primarily invests in a diversified mix of primarily global equity and fixed income securities.
TOP 10 INVESTMENTS† %
Brookfield Asset Management Inc. 'A' 2.5
US Treasury Notes 1.375% Aug 31, 2020 1.7
Municipal Finance Authority of British Columbia 1.794% Feb 12, 2020
1.6
Bank of Nova Scotia 1.6
Toronto-Dominion Bank 1.6
Royal Bank of Canada 1.5
Bundesrepublik Deutschland Bundesanleihe 0.000% Aug 15, 2050
1.5
Altria Group Inc. 1.4
Province of Manitoba 5.250% Sep 13, 2023 1.3
Johnson & Johnson 1.3
Total 16.0
Total Investments: 126†Proportion of total fund value
Investment Segmentation (%)
• U.S. Equities 25.9
• Canadian Equities 24.1
• International Equities 19.3
• Canadian Bonds 17.0
• U.S. Bonds 7.7
• International Bonds 2.9
• Short Term 2.7
• Other Net Assets (Liabilities) 0.2
• Cash and Cash Equivalents 0.2
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in global stocks and bonds and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $1,539 on December 31, 2019. This works out to an average of 4.4% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-20%
-10%
0%
10%
20%
2019201820172016201520142013201220112010
10.7%
-1.6% -4.6%-1.1%4.1%
16.0%
7.8% 6.4%1.8%
6.4%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
INV-2071-EN-06/20 12 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/2013 of 42
Fund Facts
Canadian Equity Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: October 2005 Managed by: Empire Life Investments Inc. Total Fund Value: $238.8 Million Fund Portfolio Turnover Rate: 32.08%
FUNDCLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 2.69% $16.06 451,440
C September 2006 $1,000 initial, $500 per fund 100/100 3.07% $15.19 119,909
D September 2006 $250,000 initial, $500 per fund 75/100 1.56% $18.49 18,919
E September 2006 $250,000 initial, $500 per fund 100/100 1.97% $17.47 32,945
What does the fund invest in?This segregated fund primarily invests in Canadian mid to large market capitalization stocks.
TOP 10 INVESTMENTS† %
Royal Bank of Canada 6.0
Brookfield Asset Management Inc. 'A' 4.9
Toronto-Dominion Bank 4.9
Saputo Inc. 3.2
Cenovus Energy Inc. 3.1
Canadian Natural Resources Limited 2.9
Toromont Industries Limited 2.9
Onex Corporation Voting Shares 2.8
CGI Inc. 2.8
Bank of Nova Scotia 2.6
Total 36.1
Total Investments: 53†Proportion of total fund value
Investment Segmentation (%)
• Canadian Equities 87.5
• U.S. Equities 6.8
• Short Term Investments 3.8
• International Equities 1.8
• Cash and Cash Equivalents 0.1
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in Canadian stocks and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $1,685 on December 31, 2019. This works out to an average of 5.4% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-25.0%
-12.5%
0.0%
12.5%
25.0%
2019201820172016201520142013201220112010
14.8%12.6%18.4%
-14.8%2.8%-5.3%11.0%
-1.4%
15.0%
5.3%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
INV-2071-EN-06/20 14 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/2015 of 42
Fund Facts
Dividend Growth Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: January 1998 Managed by: Empire Life Investments Inc. Total Fund Value: $1,314.9 Million Fund Portfolio Turnover Rate: 24.35%
FUNDCLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 2.66% $37.17 2,262,183
C September 2006 $1,000 initial, $500 per fund 100/100 3.12% $35.09 620,272
D September 2006 $250,000 initial, $500 per fund 75/100 1.57% $42.75 292,858
E September 2006 $250,000 initial, $500 per fund 100/100 1.97% $40.34 35,122
What does the fund invest in?This segregated fund primarily invests in dividend paying Canadian mid to large market capitalization stocks. Equity investments include common stocks, preferred stocks, convertible preferred stocks and convertible debentures.
TOP 10 INVESTMENTS† %
Bank of Nova Scotia 5.1
Brookfield Asset Management Inc. 'A' 4.9
Toronto-Dominion Bank 4.9
Royal Bank of Canada 4.8
Bunzl PLC 3.5
Keyera Corporation 3.3
Saputo Inc. 3.3
Alimentation Couche-Tard Inc. 'B' 2.9
Brookfield Property Partners Limited Partnership 2.9
Canadian Natural Resources Limited 2.9
Total 38.5
Total Investments: 45†Proportion of total fund value
Investment Segmentation (%)
• Canadian Equities 73.5
• International Equities 12.9
• U.S. Equities 8.0
• Short Term Investments 5.4
• Other Net Assets (Liabilities) 0.2
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest in Canadian stocks and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $1,676 on December 31, 2019. This works out to an average of 5.3% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-20%
-5%
10%
25%
40%
2019201820172016201520142013201220112010
4.9%-15.3%
12.7%11.9%
-1.9%
18.9% 16.4%5.6%-2.6%
7.1%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
INV-2071-EN-06/20 16 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/2017 of 42
Fund Facts
Elite Equity Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: December 1969 Managed by: Empire Life Investments Inc. Total Fund Value: $1,062.3 Million Fund Portfolio Turnover Rate: 23.88%
FUNDCLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 2.68% $456.03 91,817
C September 2006 $1,000 initial, $500 per fund 100/100 3.09% $431.59 22,584
D September 2006 $250,000 initial, $500 per fund 75/100 1.59% $525.83 7,624
E September 2006 $250,000 initial, $500 per fund 100/100 2.15% $489.23 54
What does the fund invest in?This segregated fund primarily invests in Canadian large market capitalization stocks, with some exposure to foreign securities. The fund invests directly and in units of other Empire Life segregated funds.
TOP 10 INVESTMENTS† %
American Value Fund - Class F 31.6
Bank of Nova Scotia 3.2
Toronto-Dominion Bank 2.4
Royal Bank of Canada 2.3
Brookfield Asset Management Inc. 'A' 2.3
Royal Bank of Canada 1.700% Jan 2, 2020 2.1
Keyera Corporation 1.9
Government of Canada 1.650% Jan 23, 2020 1.9
Canadian Treasury Bill 1.646% Mar 5, 2020 1.9
Bank of Montreal 1.8
Total 51.4
Total Investments: 99†Proportion of total fund value
Investment Segmentation (%)
• Canadian Equities 45.8
• Segregated/Mutual Funds 31.6
• International Equities 12.9
• Short Term Investments 9.3
• Other Net Assets (Liabilities) 0.2
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in Canadian stocks and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $1,907 on December 31, 2019. This works out to an average of 6.7% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
7.1% 5.8%-5.8%
22.9%
11.4%3.4%
10.1%6.1%
-8.0%
-25%
-15%
-5%
5%
15%
25%
2019201820172016201520142013201220112010
17.4%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
INV-2071-EN-06/20 18 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/2019 of 42
Fund Facts
Small Cap Equity Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: January 1998 Managed by: Empire Life Investments Inc. Total Fund Value: $138.8 Million Fund Portfolio Turnover Rate: 48.94%
FUNDCLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 2.66% $29.72 190,861
C September 2006 $1,000 initial, $500 per fund 100/100 3.09% $28.12 48,629
D September 2006 $250,000 initial, $500 per fund 75/100 1.59% $34.13 15,824
E September 2006 $250,000 initial, $500 per fund 100/100 1.97% $31.99 386
What does the fund invest in?This segregated fund primarily invests in Canadian small to mid market capitalization stocks.
TOP 10 INVESTMENTS† %
People Corporation 3.5
Kelt Exploration Limited 3.5
K-Bro Linen Inc. 3.4
Cineplex Inc. 3.0
Innergex Renewable Energy Inc. 2.8
TORC Oil & Gas Limited 2.8
Cott Corporation 2.7
The Westaim Corporation 2.6
Element Fleet Management Corporation 2.5
CES Energy Solutions Corporation 2.5
Total 29.3
Total Investments: 65†Proportion of total fund value
Investment Segmentation (%)
• Canadian Equities 94.5
• U.S. Equities 3.0
• International Equities 1.8
• Short Term Investments 0.7
How risky is it?
lowl ow to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in Canadian stocks of smaller companies and is willing to accept a moderate level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $1,173 on December 31, 2019. This works out to an average of 1.6% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
0.1% -23.1%
22.2%
-16.6%7.9% 3.3% -1.1%
14.4%6.6%
-30%
-18%
-6%
6%
18%
30%
2019201820172016201520142013201220112010
11.3%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
INV-2071-EN-06/20 20 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the Fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/2021 of 42
Fund Facts
American Value Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: January 2002 Managed by: Empire Life Investments Inc. Total Fund Value: $1,046.6 Million Fund Portfolio Turnover Rate: 39.59%
FUNDCLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 2.67% $21.19 2,140,558
C September 2006 $1,000 initial, $500 per fund 100/100 3.11% $19.98 559,747
D September 2006 $250,000 initial, $500 per fund 75/100 1.63% $24.33 86,524
E September 2006 $250,000 initial, $500 per fund 100/100 1.97% $23.09 55,437
What does the fund invest in?This segregated fund primarily invests in U.S. mid to large market capitalization stocks.
TOP 10 INVESTMENTS† %
Royal Bank of Canada 1.550% Jan 2, 2020 5.6
Anthem Inc. 3.3
AT&T Inc. 3.3
Visa Inc. 'A' 3.1
Lowe's Companies Inc. 3.0
Microsoft Corporation 3.0
Alphabet Inc. 'C' 2.9
Apple Inc. 2.9
MasterCard Inc. 'A' 2.8
Philip Morris International Inc. 2.8
Total 32.7
Total Investments: 58†Proportion of total fund value
Investment Segmentation (%)
• U.S. Equities 85.1
• Short Term Investments 8.0
• International Equities 6.5
• Other Net Assets (Liabilities) 0.4
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in U.S. stocks and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $2,874 on December 31, 2019. This works out to an average of 11.1% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in previous years.
-10%
5%
20%
35%
2019201820172016201520142013201220112010
34.6%
0.6%
23.6%
0.7% -1.7%6.0% 9.9%10.1%
13.1%19.5%
Are there any guarantees?
This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
INV-2071-EN-06/20 22 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a Fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/2023 of 42
Fund Facts
Global Equity Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: February 1989 Managed by: Empire Life Investments Inc. Total Fund Value: $162.6 Million Fund Portfolio Turnover Rate: 101.02%
FUNDCLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 2.69% $43.72 235,204
C September 2006 $1,000 initial, $500 per fund 100/100 3.06% $41.35 112,074
D September 2006 $250,000 initial, $500 per fund 75/100 1.66% $50.14 49,510
E September 2006 $250,000 initial, $500 per fund 100/100 2.08% $47.52 3,399
What does the fund invest in?This segregated fund primarily invests in developed markets such as North America, Europe and Asia, but may also invest in emerging markets.
TOP 10 INVESTMENTS† %
Royal Bank of Canada 1.700% Jan 2, 2020 5.5
Visa Inc. 'A' 2.1
MasterCard Inc. 'A' 1.9
AT&T Inc. 1.9
Altria Group Inc. 1.8
Microsoft Corporation 1.7
Anthem Inc. 1.7
Alphabet Inc. 'C' 1.7
Apple Inc. 1.7
Philip Morris International Inc. 1.6
Total 21.6
Total Investments: 105†Proportion of total fund value
Investment Segmentation (%)
• U.S. Equities 49.6
• International Equities 44.5
• Short Term Investments 5.5
• Other Net Assets (Liabilities) 0.4
• Cash and Cash Equivalents 0.1
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in global stocks and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $2,222 on December 31, 2019. This works out to an average of 8.3% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-25%
0%
25%
50%
2019201820172016201520142013201220112010
-0.7% -8.9%13.5% 17.6%
32.0%
11.2% 12.4%-1.6%
15.4%
-1.9%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
INV-2071-EN-06/20 24 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/2025 of 42
Fund Facts
Global Smaller Companies Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: October 2005 Managed by: Empire Life Investments Inc. Total Fund Value: $34.2 Million Fund Portfolio Turnover Rate: 33.34%
FUNDCLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 3.09% $16.99 133,488
C September 2006 $1,000 initial, $500 per fund 100/100 3.51% $16.03 37,695
D September 2006 $250,000 initial, $500 per fund 75/100 2.08% $19.48 29,354
E September 2006 $250,000 initial, $500 per fund 100/100 2.54% $18.39 1,276
What does the fund invest in?This segregated fund primarily invests in small to mid market capitalization stocks in developed markets such as North America, Europe, and Asia, but may also invest in emerging markets.
TOP 10 INVESTMENTS† %
Royal Bank of Canada 1.700% Jan 2, 2020 14.4
China Lesso Group Holdings Limited 2.6
ANSYS Inc. 2.5
Tyler Technologies Inc. 2.5
CDW Corporation 2.4
Teleperformance 2.3
American Water Works Company Inc. 2.3
Church & Dwight Company Inc. 2.1
Intertek Group PLC 2.1
MSCI Inc. 'A' 2.0
Total 35.2
Total Investments: 50†Proportion of total fund value
Investment Segmentation (%)
• International Equities 44.0
• U.S. Equities 39.4
• Short Term Investments 14.4
• Canadian Equities 1.8
• Other Net Assets (Liabilities) 0.3
• Cash and Cash Equivalents 0.1
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in global stocks of smaller companies and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $2,262 on December 31, 2019. This works out to an average of 8.5% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-20%
-5%
10%
25%
40%
2019201820172016201520142013201220112010
-6.1%
21.7%13.6%
-19.8% 2.5%11.2%13.0%
27.7%
5.8%
24.8%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
INV-2071-EN-06/20 26 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/2027 of 42
Fund Facts
International Equity Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: June 2003 Managed by: Empire Life Investments Inc. Total Fund Value: $129.9 Million Fund Portfolio Turnover Rate: 73.28%
FUNDCLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 2.97% $14.11 193,856
C September 2006 $1,000 initial, $500 per fund 100/100 3.37% $13.28 117,523
D September 2006 $250,000 initial, $500 per fund 75/100 1.89% $16.19 22,812
E September 2006 $250,000 initial, $500 per fund 100/100 2.42% $15.27 1,147
What does the fund invest in?This segregated fund primarily invests in developed markets such as Europe and Asia, but may also invest in North America and in emerging markets.
TOP 10 INVESTMENTS† %
Royal Bank of Canada 1.700% Jan 2, 2020 4.8
Nestle SA 3.2
Novartis AG 2.9
Air Liquide SA 2.7
Kerry Group PLC 2.5
SAP SE 2.5
Safran SA 2.5
Vonovia SE 2.4
Bayerische Motoren Werke AG 2.4
Diageo PLC 2.4
Total 28.3
Total Investments: 54†Proportion of total fund value
Investment Segmentation (%)
• International Equities 90.6
• Short Term Investments 7.1
• U.S. Equities 2.0
• Other Net Assets (Liabilities) 0.2
• Cash and Cash Equivalents 0.1
How risky is it?
lowl ow to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in global stocks and is willing to accept a moderate level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $1,518 on December 31, 2019. This works out to an average of 4.3% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-25.0%
-12.5%
0.0%
12.5%
25.0%
2019201820172016201520142013201220112010
-4.3% 2.6%
16.0% 14.8%
-9.0%-16.4%
14.5%23.8%
-8.6%
18.0%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
INV-2071-EN-06/20 28 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/2029 of 42
Fund Facts
Global Dividend Growth Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: May 2007 Managed by: Empire Life Investments Inc. Total Fund Value: $91.2 Million Portfolio Turnover Rate: 42.61%
FUNDCLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B May 2007 $1,000 initial, $500 per fund 75/100 2.68% $12.25 1,753,465
C May 2007 $1,000 initial, $500 per fund 100/100 3.11% $11.60 324,452
D May 2007 $250,000 initial, $500 per fund 75/100 1.66% $13.97 247,372
E May 2007 $250,000 initial, $500 per fund 100/100 1.98% $13.32 73,788
What does the fund invest in?This segregated fund primarily invests in dividend paying Global mid to large market capitalization stocks. Equity investments include common stocks, preferred stocks, convertible preferred stocks, and convertible debentures.
TOP 10 INVESTMENTS† %
Royal Bank of Canada 1.700% Jan 2, 2020 9.6
Altria Group Inc. 3.3
Occidental Petroleum Corporation 3.0
Nestle SA 2.5
Airbus SE 2.5
Ross Stores Inc. 2.4
Visa Inc. 'A' 2.4
UnitedHealth Group Inc. 2.3
First Republic Bank 2.3
American Water Works Company Inc. 2.3
Total 32.6
Total Investments: 53†Proportion of total fund value
Investment Segmentation (%)
• U.S. Equities 53.2
• International Equities 34.9
• Short Term Investments 9.6
• Canadian Equities 2.1
• Other Net Assets (Liabilities) 0.1
• Cash and Cash Equivalents 0.1
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in global stocks and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $2,097 on December 31, 2019. This works out to an average of 7.7% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-1.8%-0.5% -5.6%
9.3%
26.6%
9.4%13.9%
-3.7%
15.2%
-10%
-2%
6%
14%
22%
30%
2019201820172016201520142013201220112010
18.8%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
INV-2071-EN-06/20 30 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/2031 of 42
Fund Facts
US Equity Index Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: January 1998 Managed by: Empire Life Investments Inc. Total Fund Value: $64.6 Million Portfolio Turnover Rate: N/A
FUNDCLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 2.72% $24.06 501,272
C September 2006 $1,000 initial, $500 per fund 100/100 3.09% $22.71 184,218
D September 2006 $250,000 initial, $500 per fund 75/100 1.66% $27.62 25,217
E September 2006 $250,000 initial, $500 per fund 100/100 2.15% $26.05 1,118
What does the fund invest in?This segregated fund primarily invests in exchange traded funds (ETFs) and/or futures contracts.
TOP 10 INVESTMENTS† %
Royal Bank of Canada 1.550% Jan 2, 2020 8.3
Government of Canada 1.755% Jan 9, 2020 7.7
Great-West Lifeco Inc. 4.650% Aug 13, 2020 6.3
Capital Desjardins Inc. 5.187% May 5, 2020 6.3
Inter Pipeline Limited 3.448% Jul 20, 2020 6.2
Metropolitan Life Global Funding I 3.027% Jun 11, 2020 6.2
Enbridge Gas Distribution Inc. 2.011% Jan 13, 2020 6.2
Daimler Canada Finance Inc. 1.570% May 25, 2020 6.2
John Deere Canada Funding Inc. 1.600% Jul 13, 2020 6.2
AT&T Inc. 3.825% Nov 25, 2020 4.7
Total 64.3
Total Investments: 20†Proportion of total fund value
Investment Segmentation (%)
• Canadian Bonds 45.1
• Short Term Investments 41.2
• U.S. Bonds 10.9
• International Bonds 1.6
• Cash and Cash Equivalents 0.6
• Other Net Assets (Liabilities) 0.6
How risky is it?
lowl ow to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in U.S. stocks and is willing to accept a moderate level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $2,663 on December 31, 2019. This works out to an average of 10.3% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-15%
0%
15%
30%
2019201820172016201520142013201220112010
11.1%
-1.5%
13.2%
-7.9%
27.1%30.0%
11.4%
-1.1%9.0%
17.6%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
INV-2071-EN-06/20 32 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/2033 of 42
Fund Facts
Conservative Portfolio Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: September 2004 Managed by: Empire Life Investments Inc. Total Fund Value: $114.4 Million Portfolio Turnover Rate: 5.49%
FUNDCLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 2.57% $15.21 1,150,502
C September 2006 $1,000 initial, $500 per fund 100/100 2.85% $14.68 362,533
D September 2006 $250,000 initial, $500 per fund 75/100 1.51% $17.51 54,151
E September 2006 $250,000 initial, $500 per fund 100/100 1.79% $16.76 807
What does the fund invest in?This segregated fund primarily invests in units of other Empire Life segregated funds. The target asset mix of the fund is 65% fixed income and 35% equities.
TOP 10 INVESTMENTS† %
Bond Fund - Class A 64.3
Government of Canada 2.250% Jun 1, 2029 9.7
Empire Life Strategic Corporate Bond GIF -Class F 9.1
Government of Canada 2.750% Dec 1, 2048 2.7
Province of Nova Scotia 4.500% Jun 1, 2037 2.2
Province of Quebec 3.500% Dec 1, 2045 2.1
Scotiabank Capital Trust 5.650% Dec 31, 2056 2.0
Hydro-Quebec 4.000% Feb 15, 2055 2.0
Province of New Brunswick 3.550% Jun 3, 2043 1.9
Canada Housing Trust 2.400% Dec 15, 2022 1.9
Province of Ontario 2.400% Jun 2, 2026 1.7
Canadian Equity Fund - Class A 12.4
Dividend Growth Fund - Class A 12.1
American Value Fund - Class A 5.3
International Equity Fund - Class A 4.9
Royal Bank of Canada 1.700% Jan 2, 2020 1.0
Total 100.0
Total Investments: 6†Proportion of total fund value
Investment Segmentation (%)
• Segregated/Mutual Funds 99.0
• Short Term Investments 1.0
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in Canadian stocks and bonds and is willing to accept a low level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $1,372 on December 31, 2019. This works out to an average of 3.2% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-10%
-5%
0%
5%
10%
15%
2019201820172016201520142013201220112010
8.4%
3.4%-5.3%0.1%
3.7% 5.8% 7.6%
1.8%4.1% 3.3%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
INV-2071-EN-06/20 34 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/2035 of 42
Fund Facts
Balanced Portfolio Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: September 2004 Managed by: Empire Life Investments Inc. Total Fund Value: $156.6 Million Portfolio Turnover Rate: 0.69%
FUNDCLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 2.64% $15.46 1,121,392
C September 2006 $1,000 initial, $500 per fund 100/100 2.93% $14.86 342,134
D September 2006 $250,000 initial, $500 per fund 75/100 1.55% $17.81 43,239
E September 2006 $250,000 initial, $500 per fund 100/100 1.94% $17.02 837
What does the fund invest in?This segregated fund primarily invests in units of other Empire Life segregated funds. The target asset mix of the fund is 50% fixed income and 50% equities.
TOP 10 INVESTMENTS† %
Bond Fund - Class A 48.6
Dividend Growth Fund - Class A 15.3
Canadian Equity Fund - Class A 15.0
American Value Fund - Class A 8.4
International Equity Fund - Class A 7.6
Small Cap Equity Fund - Class A 4.0
Royal Bank of Canada 1.700% Jan 2, 2020 1.0
Total 99.9
Total Investments: 7†Proportion of total fund value
Investment Segmentation (%)
• Segregated/Mutual Funds 98.9
• Short Term Investments 1.0
• Cash and Cash Equivalents 0.2
• Other Net Assets (Liabilities) -0.1
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in Canadian stocks and bonds and is willing to accept a low level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $1,415 on December 31, 2019. This works out to an average of 3.5% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-15%-10%-5%0%5%
10%15%
2019201820172016201520142013201220112010
9.8%
4.3%-7.1%-3.1%
4.2%8.9% 7.7%
2.2% 5.3% 4.4%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
INV-2071-EN-06/20 36 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/2037 of 42
Fund Facts
Moderate Growth Portfolio Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: September 2004 Managed by: Empire Life Investments Inc. Total Fund Value: $238.0 Million Portfolio Turnover Rate: 0.21%
FUNDCLASS
FUND CLASS CREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 2.73% $16.00 1,273,205
C September 2006 $1,000 initial, $500 per fund 100/100 3.02% $15.31 380,005
D September 2006 $250,000 initial, $500 per fund 75/100 1.66% $18.37 27,463
E September 2006 $250,000 initial, $500 per fund 100/100 1.93% $17.52 34,249
What does the fund invest in?This segregated fund primarily invests in units of other Empire Life segregated funds. The target asset mix of the fund is 35% fixed income and 65% equities.
TOP 10 INVESTMENTS† %
Bond Fund - Class A 34.7
Canadian Equity Fund - Class A 20.4
Dividend Growth Fund - Class A 19.4
American Value Fund - Class A 10.9
International Equity Fund - Class A 9.9
Small Cap Equity Fund - Class A 4.0
Royal Bank of Canada 1.700% Jan 2, 2020 0.7
Total 100.0
Total Investments: 7†Proportion of total fund value
Investment Segmentation (%)
• Segregated/Mutual Funds 99.3
• Short Term Investments 0.7
• Cash and Cash Equivalents 0.1
• Other Net Assets (Liabilities) -0.1
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in Canadian stocks and bonds and is willing to accept a low level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $1,495 on December 31, 2019. This works out to an average of 4.1% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-8.5%
11.3%5.1% -4.9%
4.8%12.5%
8.2%2.5% 6.5% 5.5%
-25%
-15%
-5%
5%
15%
25%
2019201820172016201520142013201220112010
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
INV-2071-EN-06/20 38 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/2039 of 42
Fund Facts
Growth Portfolio Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: September 2004 Managed by: Empire Life Investments Inc. Total Fund Value: $199.9 Million Portfolio Turnover Rate: 3.14%
FUNDCLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 2.77% $16.56 629,516
C September 2006 $1,000 initial, $500 per fund 100/100 3.16% $15.80 129,807
D September 2006 $250,000 initial, $500 per fund 75/100 1.69% $19.05 45,603
E September 2006 $250,000 initial, $500 per fund 100/100 2.16% $18.03 25,328
What does the fund invest in?This segregated fund primarily invests in units of other Empire Life segregated funds. The target asset mix of the fund is 20% fixed income and 80% equities.
TOP 10 INVESTMENTS† %
Canadian Equity Fund - Class A 24.7
Dividend Growth Fund - Class A 24.4
Bond Fund - Class A 19.4
American Value Fund - Class A 10.7
International Equity Fund - Class A 10.2
Small Cap Equity Fund - Class A 9.9
Royal Bank of Canada 1.700% Jan 2, 2020 0.8
Total 100.1
Total Investments: 7†Proportion of total fund value
Investment Segmentation (%)
• Segregated/Mutual Funds 99.3
• Short Term Investments 0.8
• Other Net Assets (Liabilities) -0.1
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in Canadian stocks and bonds and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $1,538 on December 31, 2019. This works out to an average of 4.4% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-15%
-5%
5%
15%
25%
2019201820172016201520142013201220112010
2.1%8.9% 6.2%
-11.0%
12.6%6.9%
-6.9%4.8%
15.1%8.2%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
INV-2071-EN-06/20 40 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/2041 of 42
Fund Facts
Aggressive Growth Portfolio Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: September 2004 Managed by: Empire Life Investments Inc. Total Fund Value: $161.6 Million Portfolio Turnover Rate: 4.33%
FUND CLASS
FUND CLASSCREATED
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
B September 2006 $1,000 initial, $500 per fund 75/100 2.86% $17.49 393,568
C September 2006 $1,000 initial, $500 per fund 100/100 3.33% $16.47 84,765
D September 2006 $250,000 initial, $500 per fund 75/100 1.81% $20.09 859
E September 2006 $250,000 initial, $500 per fund 100/100 2.26% $19.00 882
What does the fund invest in?This segregated fund primarily invests in units of other Empire Life segregated funds. The target asset mix of the fund is 100% equities.
TOP 10 INVESTMENTS† %
Canadian Equity Fund - Class A 29.9
Dividend Growth Fund - Class A 29.2
Small Cap Equity Fund - Class A 14.7
American Value Fund - Class A 12.9
International Equity Fund - Class A 12.6
Royal Bank of Canada 1.700% Jan 2, 2020 0.8
Total 100.1
Total Investments: 6†Proportion of total fund value
Investment Segmentation (%)
• Segregated/Mutual Funds 99.3
• Short Term Investments 0.8
• Other Net Assets (Liabilities) -0.1
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in Canadian stocks and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class B of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2009 has $1,638 on December 31, 2019. This works out to an average of 5.1% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-15%
-5%
5%
15%
25%
2019201820172016201520142013201220112010
-13.3%
14.5%9.0%
-9.2%5.3%
8.5%2.3%
11.0% 7.5%
19.4%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. Refer to the Information Folder for details about the guarantees and the MER.
INV-2071-EN-06/20 42 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Front End Load Up to 5% of the amount you invest.
• You and your advisor decide on the %.
• The Front End Load is deducted from the amount you invest. It is paid as a commission to your advisor.
• No withdrawal charges.
• You can transfer to other funds without paying any Front End Loads.
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.
• 100% of your deposit is used to buy units.
• The withdrawal fee is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.
• You can transfer to other funds without paying a withdrawal fee.
• The withdrawal fee schedule begins on the date you first invest in a fund.
• Any withdrawal fee you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
Low Load Sales Charge (LL) If you sell within: % • When you invest, Empire Life pays a commission of 2%.1 year of buying 2.0
2 years of buying 1.0
After 2 years 0.0
2. Ongoing Fund ExpensesThe Management Expense Ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You don’t pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Contract Provisions for more details.
Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca259 King Street East Fax: 1 800 419-4051 Email (English): [email protected], Ontario K7L 3A8 Email (French): [email protected]
INV-2071-EN-06/20
The Empire Life Insurance Company
259 King Street East,
Kingston, ON K7L 3A8
The Empire Life Insurance Company (Empire Life) is a proud Canadian company
that has been in business since 1923. We offer individual and group life and health
insurance, investment and retirement products, including mutual funds through our
wholly-owned subsidiary Empire Life Investments Inc.
Empire Life is among the top 10 life insurance companies in Canada1 and is rated A
(Excellent) by A.M. Best Company2. Our mission is to make it simple, fast and easy
for Canadians to get the investment, insurance and group benefits coverage they
need to build wealth, generate income, and achieve financial security.
Follow Empire Life on Twitter @EmpireLife or visit our website, www.empire.ca for
more information.1 Based on total assets as reported in December 31, 2018 OSFI filings2 As at June 14, 2019. For the latest rating, access www.ambest.com.
The information in this document is for general information purposes only and is not to be construed as providing legal, tax, financial or professional advice. The Empire Life Insurance Company assumes no responsibility for any reliance made on or misuse or omissions of the information contained in this document. Please seek professional advice before making any decision.® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
Insurance & Investments – Simple. Fast. Easy.®
empire.ca [email protected] 1 877 548-1881