Life Income Funds (LIFs)
- Provides payments for life by acting as a RRIF to age 80, when the balance must then be converted to a Life Annuity
- Provides flexibility in the early years of your retirement and security in later years
- Available for those with locked-in funds in RRSPs or Registered Pension Plans who want a choice of investments and income level
Deposit Insurance Corporation of Ontario (DICO)
DICO's role is to protect depositors of Ontario credit unions. All insurable non-registered deposits are covered up to $250,000. Insurable deposits in registered accounts have unlimited deposit coverage. This is free automatic coverage for you our members!
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