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GATEWAY PORTFOLIO

Charges

Allocation rates:

The amount invested in funds is the premium multiplied by an allocation rate. After investment the value of the investment will be linked to units in the chosen fund(s).
  Premium Allocation Rate
  <= 149,999 100.00%
  €150,000 to €499,999 100.50%
  >= €500,000 101.25%
Policy Fee: Premium <= 9,999 €4.00 per month
  Premium >= 10,000 None
The policy fee may be increased in line with inflation at the discretion of Canada Life.
Annual Management Charge:

A management charge applies to the policy. The charge depends on the fund(s) you have chosen. For funds currently available the annual management charges are currently as follows:
Canada Life Quadrivium Fund 1.75%
Canada Life / SEI MoM Opportunistic Fixed Income Fund 1.80%
Canada Life / SEI MoM Global Fixed Income Fund 1.80%
Canada Life / SEI MoM Global Balanced Fund 2.00%
Canada Life / SEI MoM Global Equity Fun 2.10%
Canada Life / SEI MoM UK Equity Fund 2.10%
Canada Life / SEI MoM European Equity Fund 2.10%
Canada Life / SEI MoM US Equity Fund 2.10%
Canada Life / SEI MoM Japanese Equity Fund 2.10%
Canada Life / Morgan Stanley European Property Fund 2.15%
Canada Life / SEI MoM Pacific Basin Equity Fund 2.30%
Canada Life / SEI MoM Emerging Markets Equity Fund 2.40%
All other funds currently available 1.50%
The management charges as above are deducted within the unit prices of the above funds Switching: You can request to switch the policy between funds. The value of units you purchase in the new fund will be based on the unit values on the day after we receive your instruction to switch.

There is no administration charge for the first two switches each year. Thereafter we will charge an administration charge for each instruction received. Currently this charge is €25 per fund switch.
Surrender Penalties:

The surrender value of your policy is the value of the units held less the appropriate surrender penalty as per the table below.

Surrender occurring in the year since investment Surrender penalty as a proportion of the units surrendered
1 5%
2 5%
3 5%
4 3%
5 2%
6 or later No Encashment Charge
Separate surrender penalties are calculated and separate periods apply in respect of the initial investment and any subsequent additional investments.
Tax:

Under current legislation tax will apply to any increase in the value of the policy on the happening of certain events including death, withdrawals from the policy and assignments. Tax will also apply to any increase in the value of the policy on the eighth policy anniversary and every subsequent eighth policy anniversary.

Tax rules are subject to change.