Retires in. Bob plans to retire in He s somewhat concerned about fluctuating investment values, so you could call him a balanced investor.

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1 Harmonized risk-adjusted target date funds Investing in your retirement has never been easier with Harmonized risk-adjusted target date funds. Think of risk-adjusted target date funds as a single-fund solution that s tailored for your comfort with risk as well as the year you want to retire. Retires in 2027 Retires in 2039 Retires in 2055 Carol plans to retire in She s very concerned about fluctuating investment values a conservative investor. She d choose the Harmonized Conservative 2025 Fund. Bob plans to retire in He s somewhat concerned about fluctuating investment values, so you could call him a balanced investor. He d choose the Harmonized 2040 Fund, the balanced investor fund option. Anne plans to retire in With so much time to invest, she isn t concerned about fluctuating investment values, so she s an aggressive investor. She d choose the Harmonized Aggressive 2055 Fund. Year you want to retire Comfort with risk One complete and easy investment option

2 Harmonized risk-adjusted target date funds make your investment selection easy. You select only one fund and you re done. Consider a Harmonized risk-adjusted target date fund if you: Want your investments to automatically adjust to your changing stages of life Want to tailor the fund to your investment personality Prefer to leave investment decisions and management to experts Don t have the time or desire to monitor your investments closely There are other benefits to your one-fund solution: Suits your risk tolerance Whether you re conservative, aggressive or somewhere in between, there s a fund to suit your comfort with risk. Leaves investment details to professionals The fund s investments are managed by leading investment managers and continually monitored so you don t have to. Manages risks Each fund holds several individual investment options spread over different geographic regions, asset types and investment styles to help achieve greater returns and manage the ups and downs of the market. Adjusts automatically The fund is rebalanced regularly to remain consistent with your comfort with risk and time to retirement. 2 Harmonized risk-adjusted target date funds

3 Three paths to your retirement destination take the one you re most comfortable with There are three sets of risk-adjusted target date funds. The mix of investments shifts by following paths described in the chart below. Each path is designed to generate more investment growth in the early years to help your money last longer in retirement and becomes more conservative in the years nearing your retirement date when you need to preserve your savings. The middle path is built for the average investor. If you feel your risk tolerance is different than other investors, consider a higher (aggressive) or lower (conservative) risk path. The Risk-adjusted target date fund investment personality questionnaire in this brochure will help you decide which path you re most comfortable with. 100% High risk PERCENTAGE EQUITY TO FIXED INCOME 80% 60% 40% 20% Canadian equity Foreign equity Fixed income AGGRESSIVE BALANCED CONSERVATIVE Low risk Grow your savings Preserve savings YEARS TO RETIREMENT This chart is for illustration purposes only. Harmonized risk-adjusted target date funds are actively managed by Portfolio Solutions Group, a division of Great-West Life. This dedicated team of investment professionals continually reviews and periodically adjusts these funds to provide optimal risk-adjusted returns throughout market cycles. As a result, the asset allocation shown in this chart, as well as the funds they re invested in, may change. Arrive at your target retirement date with confidence When a Harmonized risk-adjusted target date fund reaches its target date, it will maintain a conservative investment strategy with a small growth component to help your savings last as long as possible. As you get closer to retirement, we can help you decide which retirement income product is right for you. Tools and information are available to help you make sound investment decisions for the next stage in your life. Harmonized risk-adjusted target date funds 3

4 Choosing a Harmonized risk-adjusted target date fund is easy Step 1 Decide what year you d like to retire. Step 2 Discover what type of investor you are. Risk-adjusted target date fund investment personality questionnaire This questionnaire is unique to risk-adjusted target date funds. It helps you identify your comfort with risk and select the corresponding risk-adjusted target date fund. Record the corresponding point value for the answer that best suits you. Add up your points and discover what type of investor you are. 1. What is your major goal for your portfolio? Please select the most appropriate one. a. To ensure my portfolio remains secure 2 b. To see my portfolio grow and to avoid fluctuating returns 5 c. To balance growth and security, and to keep pace with inflation 10 d. To provide growth potential, and to accept some fluctuation in returns 15 e. To provide the sole objective of potential long-term growth 20 Points 2. Which statement best describes your knowledge of investments? a. I have very little knowledge and I rely exclusively on the recommendations of financial advisors 2 b. I have limited knowledge of stocks and bonds, and I do not follow financial markets 5 c. I have good working knowledge and I regularly follow financial markets 8 d. I understand completely how different investment products work; including stocks and bonds, and I follow financial markets closely 10 Points 3. Realizing there will be downturns in the market, in the event of a significant loss, how long are you prepared to hold your existing investments in anticipation of a recovery in value? a. Less than three months 5 b. Three to six months 8 c. Six months to one year 10 d. One to two years 15 e. Two to three years 20 f. Three years or more 25 Points 4 Harmonized risk-adjusted target date funds

5 4. Which of the following statements most correctly describes your investment philosophy? a. I cannot accept any fluctuation in principal 5 b. I can only accept minimal fluctuations and prefer to invest in safer, lower-return investments 10 c. I am willing to tolerate some ups and downs in the value of my investments to achieve overall higher returns in the long run 20 d. My main interest is high, long-term returns and I am not concerned about short-term decreases in the value of my investments 30 Points 5. Some investors are more willing than others to accept periodic declines in the value of the portfolio as a trade-off for potentially higher long-term returns. Which response best represents your feelings toward the following statement? I am willing to experience potentially large and frequent declines in the value of my investment if it will increase the likelihood of achieving higher long-term returns. a. Strongly agree 20 b. Agree 15 c. Disagree 10 d. Strongly disagree 5 Points Add up the points to get your total = Total points Match your total points to an investment personality below. If your total is between Your investment personality is 47 or less Conservative 48 to 91 Balanced 92 or more Aggressive Your investment personality is: Date: It s a good idea to complete the Investment personality questionnaire regularly or after life events such as a new job, promotion or raise and marriage to make sure your risk-adjusted target date fund best reflects your financial goals and risk tolerance. This questionnaire is not a suitable tool for determining an investment strategy for short-term savings or for purchases in the near future. It s intended for retirement planning and long-term savings. This questionnaire has been developed to assist you in assessing your financial circumstances, investment timeframe and attitude toward risk for the purpose of selecting an appropriate risk-adjusted target date fund. While reasonable efforts have been made to ensure the accuracy of the information and the calculations contained in this questionnaire, the responsibility for determining the most appropriate allocation to meet your needs remains with you. It is not designed to provide you with legal, tax, financial or other professional advice; independent advice should be sought. Great-West Life and its subsidiaries, London Life Insurance Company and The Canada Life Assurance Company, are not responsible for any damages resulting from the use of this questionnaire by you or any other person, however caused. Harmonized risk-adjusted target date funds 5

6 Step 3 Select the fund that matches your investment personality with the year you want to retire. Use the table below to select a risk-adjusted target date fund aligned with your retirement year and investment personality. For example, if your investment personality is conservative, you d choose the risk-adjusted target date fund from the conservative series that s closest to the year you want to retire. For the most current and detailed information about investments held in the Harmonized risk-adjusted target date funds, sign in to and refer to the fund reports under Investments > Fund reports. Your desired retirement year Your risk-adjusted target date fund Your investment objectives High risk AGGRESSIVE If your investment personality score is 92 or more, select a fund from the list below that matches your desired retirement year Harmonized Aggressive 2015 Fund With the greatest emphasis on growth, the aggressive series Harmonized Aggressive 2020 Fund of funds holds the most equity investments and transitions Harmonized Aggressive 2025 Fund towards more income investments at an increasing pace as the funds Harmonized Aggressive 2030 Fund approach their target date. These funds are designed for investors Harmonized Aggressive 2035 Fund who aren t concerned about fluctuating investment values Harmonized Aggressive 2040 Fund and want to grow their savings by taking advantage of market conditions Harmonized Aggressive 2045 Fund RISK METER Harmonized Aggressive 2050 Fund 2053 or later Harmonized Aggressive 2055 Fund 6 Harmonized risk-adjusted target date funds

7 Your desired retirement year Your risk-adjusted target date fund Your investment objectives BALANCED If your investment personality score is 48 to 91, select a fund from the list below that matches your desired retirement year Harmonized 2015 Fund With a balanced emphasis on growth and preserving savings, Harmonized 2020 Fund this series of funds holds equity and fixed income investments Harmonized 2025 Fund These funds are designed for investors who are somewhat Harmonized 2030 Fund Harmonized 2035 Fund concerned about fluctuating investment values and want to grow their savings by taking advantage of market conditions Harmonized 2040 Fund Harmonized 2045 Fund Harmonized 2050 Fund 2053 or later Harmonized 2055 Fund CONSERVATIVE If your investment personality score is 47 or less, select a fund from the list below that matches your desired retirement year. The word balanced isn t in the fund name because we use our standard series of target date funds for balanced investors. RISK METER Harmonized Conservative 2015 Fund With the greatest emphasis on preserving savings and the least Harmonized Conservative 2020 Fund on growth, the conservative series of funds holds the least amount Harmonized Conservative 2025 Fund of equity investments. These funds are designed for investors Harmonized Conservative 2030 Fund who are very concerned about fluctuating investment values and Harmonized Conservative 2035 Fund capital preservation but also want to grow their savings by taking advantage of market conditions Harmonized Conservative 2040 Fund Harmonized Conservative 2045 Fund Harmonized Conservative 2050 Fund 2053 or later Harmonized Conservative 2055 Fund Low risk Your Harmonized risk-adjusted target date fund: Your name: Date Use this information to complete the tear-off form. Harmonized risk-adjusted target date funds 7

8 Record your fund selection here, send in this tear-off form and you re done! If you plan to retire between Check ü your Harmonized risk-adjusted target date fund AGGRESSIVE (your investment personality score is 92 or more) Harmonized Aggressive 2015 Fund Harmonized Aggressive 2020 Fund Harmonized Aggressive 2025 Fund Harmonized Aggressive 2030 Fund Harmonized Aggressive 2035 Fund Harmonized Aggressive 2040 Fund Harmonized Aggressive 2045 Fund Harmonized Aggressive 2050 Fund 2053 or later Harmonized Aggressive 2055 Fund BALANCED (your investment personality score is 48 to 91) Harmonized 2015 Fund Harmonized 2020 Fund Harmonized 2025 Fund Harmonized 2030 Fund Harmonized 2035 Fund Harmonized 2040 Fund Harmonized 2045 Fund Harmonized 2050 Fund 2053 or later Harmonized 2055 Fund CONSERVATIVE (your investment personality score is 47 or less) Harmonized Conservative 2015 Fund Harmonized Conservative 2020 Fund Harmonized Conservative 2025 Fund Harmonized Conservative 2030 Fund Harmonized Conservative 2035 Fund Harmonized Conservative 2040 Fund Harmonized Conservative 2045 Fund Harmonized Conservative 2050 Fund 2053 or later Harmonized Conservative 2055 Fund Member signature Date

9 Existing plan members: Call with your instructions. New plan members: Complete this and return it with your application form. Client/plan sponsor name Policy/plan number Member name Certificate number

10 We re here to help We offer fast and convenient ways to help you manage your group retirement plan and stay on track with your retirement goals. GRS Access Easy-to-use website where you can: View statement information Check personal rates of return Make changes to your account Use a variety of educational tools and resources Access Line You can call Access Line to get information about your investments and make account changes. To speak with a client service representative, call Monday to Friday, between 8 a.m. and 8 p.m. ET. The Great-West Life Assurance Company and key design are trademarks of The Great-West Life Assurance Company (Great-West Life), used under licence by London Life Insurance Company (London Life) for the promotion and marketing of insurance products. London Life is a subsidiary of Great-West Life. As described in this brochure, the group retirement and savings products are issued by London Life /15