Just recently, the Guaranteed Market Indexed Account (GMIA) celebrated its 3^rd birthday.  This innovative UL investment account was designed to help clients benefit from upswings in the equity markets while providing downside protection when markets are weak.  

Here are some key benefits of GMIA:

• Exposure to equity market performance
• Net rates of return that are guaranteed never to be negative
• Interest that’s calculated and credited every year over the 10-year investment term

Source: www.bmoinvestpro.ca 

Truly benefit from the upswingsin the Canadian and American equity markets with GMIA! Give your clients peace of mind knowing that net returns are guaranteed to never be negative.

*Indicates the interest rate credited to a Canadian Equity GMIA Series with the specified Interest Crediting Dates. 

For policies issued on or after July 3, 2012, the GMIA minimum deposit requirement for each Series is $10,000 for Level COI plans and $5,000 for YRT plans.  For pre-Wave 24 policies (i.e. those policies issued under version 2010/11/18 up to July 2, 2012), the GMIA minimum deposit is $5,000 for each Series for both Level COI and YRT COI plans. 

GMIA Values are based on the GMIA Credited Rate of Return, converted to Canadian dollars (if applicable), using the historical performance of the underlying Reference Market Index by calendar year assuming the fund was available for that period. The historical performance of securities in the Reference Market Index does not indicate the future performance of those securities.

You do not purchase units in any index or a legal interest in any security.

The accumulation does not reflect any insurance charges (such as cost of insurance, premium tax or other deductions), which will impact the actual accumulation of any funds in a GMIA when included in a universal life policy.

MB 329 (2014/08/21)