Clearer Statements. Better Understanding. Stronger Financial Decisions.

Starting in January 2027, your investment statement will look a little different. These updates are part of an industry‑wide effort to help you better understand the costs associated with owning a segregated fund contract — in clear, everyday language.

What’s important to know is this:

• Your fees aren’t changing. You’re simply getting a clearer view of them.

Your updated statement is designed to support more meaningful conversations with your advisor, helping you stay informed and confident about your long‑term plan.

Your enhanced statements will include clearer reporting of the cost of your investments, including:

• Fees paid by the fund (Fund Expenses)
  • Each fund has ongoing expenses, which include management fees, insurance costs, and trading costs. You don’t pay these expenses directly. Instead, expenses are automatically deducted from the fund’s value to help manage and operate the fund. The Fund Expense Ratio (FER) for each fund will be reported as a percentage, along with the total Fund Expenses for your contract in dollars.
• Fees paid by the contract
  • All other fees are deducted directly from your contract and reported in dollars. This includes the total cost of investing associated with your contract for the statement period, in dollars. This value combines your fund expenses and any direct charges to your contract.
• Enhanced details
  • Your statement will also explain — in plain language — the guarantees included in your contract and how certain actions may affect them. These guarantees are valuable because they help protect part or all your investment, even when markets go down, giving you an added layer of security and peace of mind.

Seeing costs in dollars makes it easier to connect what you pay to invest with what you’re working toward.

This clarity also helps make conversations with your advisor more productive — focusing on your goals, your plan, and your results over time.

This update reflects an industry‑wide move to make existing fees more visible on client statements. That means all investors will begin receiving clearer, more comparable information, for the investment options subject to these new disclosures.

These updates do more than clarify costs – they support better planning. That’s where your advisor can help.

A strong financial plan is about more than choosing investments. Your advisor helps ensure your entire financial picture works together, including:

• Market insights
• Tax considerations
• Choosing the right funds and accounts
• Rebalancing your portfolio over time
• Risk management
• Estate planning and beneficiary guidance
• Staying aligned with your long‑term goals

Even the best performing fund can’t replace having a plan that’s reviewed regularly. Life changes, markets change, and your plan should evolve with you.

Your advisor is your partner in long‑term success — keeping you informed, prepared, and confident.

Independent academic research continues to confirm what many investors experience firsthand: Professional financial advice delivers measurable, long‑term value. Research conducted by the Center for Interuniversity Research and Analysis of Organizations (CIRANO) in their Value of Advice study revealed that investors who work with an advisor build significantly more wealth than those who don’t — and the advantage grows the longer the relationship lasts. CIRANO found that advice drives better savings habits, supports discipline during market downturns, and leads to stronger long‑term outcomes overall.¹

Across all demographics, one theme stands out: Human guidance still matters. As more investors seek support, the value of having an advisor who helps you stay focused, make informed decisions, and remain confident through changing markets has never been clearer.

If you have questions, your advisor is here to help.