Industrial Alliance Insurance and Financial Services Inc. is the issuer of ECOFLEXTRA Individual Variable Annuity Contracts. A description of the key features of the ECOFLEXTRA Individual Variable Annuity Contracts is contained in the ECOFLEXTRA Information Folder.
SUBJECT TO ANY APPLICABLE DEATH, SURRENDER BENEFIT AND MATURITY GUARANTEES, ANY PART OF THE PREMIUM OR OTHER AMOUNT THAT IS ALLOCATED TO A SEGREGATED FUND IS INVESTED AT THE RISK OF THE POLICYHOLDER AND MAY INCREASE OR DECREASE IN VALUE ACCORDING TO FLUCTUATIONS IN THE MARKET VALUE OF THE ASSETS ALLOCATED TO EACH FUND. EXCEEDING THE SURRENDER THRESHOLDS MAY HAVE A NEGATIVE IMPACT ON THE GUARANTEED MINIMUM SURRENDER BENEFIT AND THEREFORE ON FUTURE PAYMENTS. THE GUARANTEED MINIMUM VALUE AT DEATH AND THE GUARANTEED MINIMUM VALUE AT MATURITY ARE DECREASED IN PROPORTION OF THE SURRENDERS MADE IN THE CONTRACT. SURRENDERS FROM THE GUARANTEED SURRENDER SERIES DIRECTLY DECREASE THE GUARANTEED SURRENDER BALANCE BY THE AMOUNT OF THE WITHDRAWAL SUBJECT TO ANY DOWNWARD AJDJUSTMENT.
Commissions, service fees, management fees, insurance fees and expenses all may be associated with this investment. Please consult the Information Folder and Contract before investing. Performance of the underlying funds is not guaranteed, unit values fluctuate frequently and past performance may not be repeated. Trademarks used herein are owned by IA Clarington Investments Inc. or Industrial Alliance Insurance and Financial Services Inc.