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If you think all RRSPs are the same, think again...If you buy your RRSPs from a bank or mutual fund company, you might be short-changing yourself. That’s because most investment funds offered by the banks and mutual fund companies don’t offer the same benefits and guarantees as funds offered by life insurance companies. Here are just some of the reasons why you should consider an RRSP from The Empire Life Insurance Company. A lifetime savings programWhen you buy your RRSP from Empire Life, you won’t get a one-time sales pitch like you might get at your bank. Instead, your independent advisor will introduce you to our unique lifetime investment program that will help you maximize your savings during your working years, and then convert your savings into income at retirement. The transition from saving for retirement to drawing an income at retirement is seamless—there’s no additional paperwork, no decisions to make, and you don’t have to shop around for an annuity or RRIF.Solid, long-term performanceWhen it comes to investing your money, you want to know you’re making the right choice. We’ve been managing investment funds since 1964. Compared with most mutual funds that have less than a 10-year history, we’ve seen a lot of different markets and gained a great deal of experience over the last 30 years. That’s experience you can count on. Our investment style and philosophy is conservative and value-oriented. You won’t see huge fluctuations in the returns of our Funds from year to year. Instead, you will see steady returns over time to produce excellent value for your money.An Empire Life RRSP offers 21 investment funds, (in five distinct fund classes) including Canadian equity funds, foreign equity funds, balanced funds, bond funds, and a money market fund, as well as guaranteed interest options (similar to bank GICs) and a treasury interest option. In some of the Empire Life Investment Products, you can combine GIOs and segregated funds in one policy. This is an important advantage for two reasons: First, you can enhance your GIO rate based on your combined GIO and fund investments. Secondly, you can transfer between your GIO and fund investments within the same policy. Powerful guaranteesIf you buy a traditional mutual fund from a bank or mutual fund company, there are no guarantees: you could lose money in a market downturn. Empire Life Segregated Funds come with important guarantees on Maturity and Death. Empire Life guarantees are either policy-based or class based, so if you are making regular deposits to your savings plan, the guarantees apply to all of your net deposits, regardless of when you made them.You can reset* your Maturity and Death Benefit Guarantee which will lock in the growth on your assets. Please refer to your Information Folder for details. Most investment funds offered by mutual fund companies and banks don’t offer resets on their policies. *Resets available only on selected plans. You can request to extend your maturity date when resetting your guarantees as long as your plan permits it. Other important benefitsEmpire Life Segregated Funds also offer other important benefits, such as creditor protection, and freedom from estate or probate fees.To find out more about Empire Life Segregated Funds, talk to your independent advisor.
Advantages of Segregated Funds |
® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company. © 2001 . Empire Life. |