Income for Life

• These products, currently sponsored by a few insurance carriers, offers people the upside of a segregated fund platform. The upsides are that the insurance carrier guarantees a simple interest of 5% growth each year which is added to the initial deposit without any risk to you if the fund values decrease over time due to volatile market conditions. This also means that even if the market value of the person’s funds decreases to below their initial deposited amount, the fund will still accumulate the interest over the time that the money is held with the insurance carrier.

• Once the purchaser decides to start drawing income from their fund, the monthly benefit which they draw is guaranteed and set to be a percentage of the total growth and accumulation of their money for as long as they live.

• The purchaser also has full access to their money if they require any lump sum redemptions at any point in time.