Today's
investor has no shortage of investment options to choose from. We believe
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 EasyŽ.
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: |
RRSPs
- Guaranteed Interest Annuities |
| Questions
to Ask: |
Answers
you may find: |
| VARIABLE
RATE SECTION: |
|
| Interest
Compounds: |
Annually |
| Calculation
Base: |
Daily |
| Rate
May Be Adjusted: |
Daily |
| Minimum
Initial Deposit: |
$1,000
(if minimum not met, contract is
closed upon a withdrawal) |
| Subsequent
Deposits: |
$250 |
|
Monthly Payment Option: |
$50
(Pre-authorized chequing payment plan) |
|
Annual Fees: |
None |
| Early
Surrender Fees: |
None |
| GUARANTEED
SECTION: |
|
| Interest
Compounds / Credited: |
Annually
|
| Interest
Re-invested: |
At
original or daily interest savings account rate. |
| Minimum
Deposit: |
$1,000
$5,000 - less than 1 year term
$5,000 - monthly interest |
| Terms
Offered: |
Simple
interest: 3 months and 6 months through 20 years. Compound interest
1 - 20 years. |
| Transfer
/ De-Registration: |
Adjusted
to market value. |
Early
Purchase of
Annuity with Issuer: |
No
surrenders in 1st year, thereafter 2% reducing by 1% per year for
2 years, 3% reducing by 0.8% per year for 5 years or 5% reducing by
0.5% per year for 10 years, and potential market value adjustment. |
| Loading/Expense
Fees: |
None |
| Administration
Fee: |
None |
| Bonus
Interest: |
$50,000 - $99,999 + 1/8%
$100,000 - $249,999 + 1/4%
$250,000 and over + 3/8% |
| Enhanced
Life Annuity Rates: |
Blended
|
| Registered
or Non-Registered: |
Both |
| Rate
Guarantee for RRSP Transfer: |
Up to 45 days from date that form and transfer forms are signed. If
outside funds received within 45 days , will be applied at the higher
of the guaranteed rate(s) and the current rate at time funds are received.
|
IP-Profiler - Retirement
