Investment Products

Segregated Funds


A segregated fund is an investment fund held in an insurance contract. The term “segregated” refers to the fact that insurance companies separate one’s investment from the assets of the insurance company. Segregated Funds provide access to professional money management, diversification through a large variety of underlying brand name mutual funds, or original life insurance company segregated funds. They also have potential RRSP/RIF eligibility.

Registered Retirement Income Fund (RRIF)

A registered retirement income fund is an investment tool created by converting your RRSP into an income-producing vehicle. Your RRIF provides for periodic income, while continuing to accumulate interest on the remaining capital. It also acts as a tax-shelter for one’s funds.

Life Income Fund (LIF)

A life income fund is like a RRIF, except that it is specifically designed for individuals with locked-in pension money. There is a requirement to convert all LIFs into a life annuity at age 80.

Locked-In Retirement Income Fund (LRIF)

A locked-in retirement income fund is like a LIF, except there is no requirement to convert to an annuity at age 80, and the method of calculating the maximum payment is different.

Guaranteed Investment Certificates (GIC)
Also called Term Accounts. GICs provide a guaranteed rate of interest on one’s investment with high security that will bring the policyholder peace of mind. Among its numerous benefits are: the comfort of knowing one is earning a guaranteed rate of interest, and that one has the flexibility of choosing from a variety of interest payment options and terms; The term of the investment is generally between 1 and 10 years; Interest can be paid monthly, semi-annually, annually, or compounded annually and paid at maturity; GICs may be cashable before maturity subject to an adjustment.

 
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