IncomePlus guarantees RRIF payments for life
GIF Select with IncomePlus is one of the only RRIF products in Canada with the ability to provide guaranteed income for life*, regardless of market performance.
IncomePlus RRIF presents you with unique advantages:
in the first year, when no RRIF income is taken, up to a five per cent income bonus increases the guaranteed annual income
automatic resets every three years to lock-in investment gains when markets rise
the flexibility to withdraw more than the guaranteed income amount to meet the required RRIF minimum -- without affecting future guaranteed stream of lifetime payments
a guaranteed five per cent income floor (Single Life; 4.5% Joint Life) throughout retirement even if the market value of the investment reduces to zero
To learn more about IncomePlus RRIFs and guaranteed income payments for life, click here:
Download the pdf*Exceeding the IncomePlus withdrawal and RRIF minimum (or adjusted IncomePlus RRIF minimum) thresholds may have a negative impact on future income payments. The Lifetime Withdrawal Amount becomes available starting January 1st of the year the annuitant turns age 65. The Joint Life must be the spouse (as defined by the Income Tax Act (Canada)) of the annuitant. Once named, the Joint Life may not be changed.Other conditions may apply.This information applies to GIF Select contracts sold on or after October 5, 2009 and does not apply to GIF Select IncomePlus contracts sold prior to October 5, 2009.
