Today's
investor has no shortage of investment options to choose from. At Fiscal
Agents we believe that an informed investor is our strongest asset and
as such, our financial advisors have an open-door approach to the financial
services marketplace. We can help guide you through many types of investments
decisions.
We believed
so strongly in our mission to make money management easy for our clients
that we went and had it registered as our Trade Mark - Money Management
Made Easy®.
We want
you to profit from our research. This
section provides a base reference source of investment products in a
simple format. The information outlined below is provided to give an
overall illustration of parameters that may be in effect for this investment
product.
Investment
Product
P r o f i l e r: |
Life
Income Funds
|
| Questions
to Ask: |
Answers
you may find: |
| Minimum
Deposit: |
$10,000
- initial
$2,500 - additional |
| Investment
Terms & Accounts: |
- Daily interest tiered savings account
- Any term from 1 - 45 years.
- 1 year open account for immediate transferability
- Open RRIF available for short term funds, i.e. less than 1 year. |
| Rate
Guarantee Period on Transfers: |
45 days (also on reinvestments and new deposits) |
| Annual
Administration Fee: |
None |
| When
CANSIM Rate Adjusted: |
Annually (in January) |
| Interest
Payment Method: |
Compounded annually at the original rate. |
| Interest
Bands: |
Zero
- $1,000 no interest
- $ 1,001 - $10,000
- $10,001 - $24,999
- $25,000 - $99,999
- $100,000 - $249,999
- $250,000 - $999,999
- $1,000,000 and over - Refer to Head Office.
|
| LIF
Pay-out options: |
- Maximum income
- Minimum payout
- Accelerated Income
- Interest only
- Level income
- Customized payment schedule |
| Unscheduled
pay-out: |
Subject to market value adjustment and $2,500 minimum. $10,000 maximum
or 10% of account value allowed once per year.
Cannot exceed legislated maximum amounts. |
| LIF
Pay-out frequency: |
Monthly, quarterly, semi-annually and annually. |
| LIF
payment fee: |
No fee |
| Change
in LIF Pay-out amount: |
At any time. Free at maturity or once per calendar year (except first
or last year). Otherwise $50 fee.
|
| Withdrawal/Transfer
Full or Partial : |
$2,500 minimum up to $10,000 or 10% of account value allowed once
per year without charge, otherwise subject to market value adjustment.
If investment matured no-charge. |
| Issue
Ages: |
Min. age varies (55 - 79) by province according to pension plan regulations. |
| Statement
frequency: |
None, payout schedule provided or if subsequent changes. |
| Are
illustrations produced as part of Policy or Contract: |
Yes |
| At
maturity: |
Before age 80, must purchase a joint life annuity unless spousal waiver
allowed. |
| Death
Benefit: |
Proceeds before annuitization are payable to the spouse in most provinces. |
| Other: |
1)
Multiple funds (max. 5 guaranteed terms per contract); interest rate
banding based on total funds each term fund can have own payout schedule.
2) Additional Deposits - small additional deposits get rate
band enhancements when added to larger contract.
3) "Forward Commitment LIF" offers rate basis guarantee
up to 1 year before investment.
4) Favorable conversion pricing to life annuity. |
IP-Profiler - Retirement
