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Empire Life Option Plus Group RSP is a flexible retirement savings plan for small businesses. It is designed for groups with a minimum of two members and total annual plan contributions of at least $10,000. There are no set-up or annual administration fees.

Key Product Information

  • Investment Options: Segregated fund investments, Guaranteed Interest Options and Treasury Interest Option
  • Interest Rate Enhancements: 1/8% on base rates
  • Guarantees: Upon death - 100% of net deposits made up to age 65 and 75% of net deposits made after age 65; upon maturity - 75% of net deposits
  • Resets: upon request, two per policy year
  • Minimum Deposit: $30 monthly; $500 lump sum ($500 minimum for GIOs)
  • Minimum Annual Deposit: $10,000 per group
  • No-load Plan
  • Interest Rate Banding: $49,999 to $99,999: +0.125%, $100,000+: +0.250%
  • Enhanced rates on Empire Life annuities at retirement
  • Seamless transfer from RRSP to RRIF 

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