Standard Life's Ideal Term Funds offer a safe alternative to Guaranteed Investment Certificates (GICs). They are secure and deliver predictable income.
Benefits of an Ideal Term Fund policy
Ideal Term Funds qualify for the pension income tax credit and in some circumstances the ability to split income based on provincial and federal tax rules. Consult your advisor.
Beneficiary designations are available for non-registered and registered funds.
Name a beneficiary other than your estate and avoid the delays and costs of probate1 and other estate charges.
In the case of death, the death benefit is equal to the total book value, not subject to fees, surrender charges or market value adjustments.
Appoint a successor annuitant, or hold your non-registered funds on a joint ownership basis, so payments continue uninterrupted.
Potential for creditor protection with a preferred class beneficiary designation. There are circumstances where creditor protection may not apply. Consult a legal advisor.
Ideal Term Funds for savings
- Daily Interest Fund - Holding fund for short-term investments
- Redeemable Term Funds – 30, 90, 180, and 270 days and 1 to 10 year terms, including customized terms. You can redeem2 all or part of it any time
- UpScale RRSP – 3, 5 and 10 year terms. Redeemable2 - it offers interest rates that escalate each year
Additional features for your registered retirement income plan
- Redeemable2 Term Fund – terms up to 30 years, including customized terms
- Choose from 4 pre-scheduled income stream options
- Pre-scheduled income payments are free of surrender charges
1 Not applicable in Québec as notarial wills do not need to be probated by the court and, for holograph wills and wills made in the presence of witnesses, probate fees are minimal .
2 Surrenders prior to maturity would be subject to charges.
