Retirement income comes from many sources, including government benefits, company sponsored plans, and your investment portfolio. To help ensure your retirement income covers your retirement lifestyle, you may want apportion of your income to be guaranteed. The Investors Group Lifetime income Benefit is one option to consider within a well- diversified retirement income portfolio.
By combining a Guaranteed Investment Fund policy with the Lifetime income benefit, you get income for life as well as an investment portfolio tailored to suit your needs.
You can add the lifetime income benefit option to either a 75/75 guarantee policy, or if estate planning is important to you, a 75/100 guarantee policy.
The lifetime Income Benefit is available in a variety of policy types:
- RRSP or Spousal RRSP
- RRIF or Spousal RRIF
- Prescribed retirement income fund
For 25 years as a financial Consultant I have helped people understand what their retirement income sources will be, calculated expenses, projected them over their retirement and developed a customized withdrawal strategy that works best for them.