Savings and Retirement

Annuities

Annuities enable the annuitant to spread out the income from an RRSP to a guaranteed fixed income. Our annuities come with a variety of guarantees and advantages.

  • The joint life annuity ensures you and your spouse of a lifetime income.
  • The life annuity with guaranteed payment period ensures the continuity of the annuity payment to the spouse up until the end of the guaranteed period (5, 10 or 15 years) if death occurs before the end of this period.
  • The enhanced annuity allows for a significant increase of the annuity so that it adjusts to a reduced life expectancy, if your health justifies this.
  • The lifetime annuity with guaranteed capital refund is a very appealing choice. Upon death, the part of the initial that was not paid out returns to the designated heir as a lump sum.
  • The lifetime annuity with floor capital refund is suited for those who have no life insurance and can make a difference in estate planning. If offers minimal capital until the annuitant attains the age of 91. Upon death, the heirs benefit from the most advantageous of two options offered in the contract.

Registered Retirement Income Fund

A RRIF acts as an extension of a RRSP. It allows you to advantageously use the amounts accumulated and to continue to collect tax-sheltered income while benefiting from a certain amount of independence in managing your investments.

Life Income Fund

A locked-in RRIF/LIF is to a locked-in RRSP/LIRA what a RRIF is to an RRSP. It allows you to periodically withdraw a portion of the savings accumulated in a pension fund, and get flexible retirement income while benefiting from a certain amount of independence in managing your investments.

Savings & Retirement Plan Qualities

  • Wide range of innovative products (guaranteed interest funds and segregated funds)
  • Exceptional guarantees on sums invested and generated by investments in our savings and retirement plan contract (segregated funds)
  • No surrender fees for withdrawals made up to a maximum of 10% of the value of the savings and retirement plan contract at the beginning of each year
  • No annual administration fees

Life Investment

The Life Investment is a disbursement product offered exclusively in our partner's Savings and Retirement Plan RRIF contracts. It offers a winning combination of a guaranteed income and market investments in a single contract.

This combination is ideal for those who are indecisive between a RRIF and an annuity since it offers the simpleness of a single RRIF contract and a beneficial strategy with the specific goal of meeting all your financial needs at retirement under one single contract.

Registered Education Savings Plan

The My Education RESP offers a wide range of funds, and is available according to two types of plans: the individual plan and the family plan.

Individual plan: It offers the possibility to designate one beneficiary per plan. The beneficiary may or may not be related to the subscriber by blood or adoption.

Family plan: It offers the possibility to designate several beneficiaries. However, they must all be related to the subscriber by blood or adoption and be under 21 years old. The special feature of the family plan is that all children from the same family can be combined in a single education savings plan. The family plan is geared toward parents (and grandparents) whose family is complete, as it allows family members to take advantage of the longest possible accumulation period for each child.


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