Client Login
Back to: Segregated Funds
Guaranteed Income for Life

Guaranteed Income for Life plans were introduced to Canadians in the recent years. Research concluded that the main issues with investors saving for retirement were out living their savings. People were afraid of not having enough monies saved to last a lifetime. Thus, the creation of Guaranteed Income Plans for life.
 

  • This type of plan provides guaranteed increase towards the withdrawal balance by way of “guaranteed bonus”. This means if the investment with the plan produces a negative return, your withdrawal still increases! Thus, guaranteeing you peace of mind and security.
  • It provides income for life starting at an age as identified in the plan. Using RRSP account to create “guaranteed pension” is one way to use this type of plan. This way, you cannot outlive your retirement savings.
  • It provides guaranteed death benefit
  • Potential creditor protection
  • For accounts outside of RRSPs, you could transfer assets to a named beneficiary and avoid probing fees—works super fast!



Click here for a plan offered by Manulife Financial called IncomePlus.




AMIRI Wealth Management Inc. is a financial solutions firm. We assist our clients in protecting and preserving the quality of life throughout generations no matter what happens. We specialize in the following areas:

1. Tax & Estate Planning;
2. Buy & Sell agreement; and
3. Funds and investment planning.

Our belief in sound & secure investments alongside broad & permanent personal protection, forms the foundation behind our corporate motto : "Protecting and preserving, no matter what."