Life Income Funds (LIFs)
- You control the types of investments held in your LIF
- Provides some flexibility in income withdrawals. LIF's feature a minimum annual required withdrawal and also a maximum annual allowed withdrawal, both based on age
- Available for those with locked-in funds in RRSP's or Registered Pension Plans who want a choice of investments and income level
Eligible deposits in all registered accounts with Ontario Credit Unions have unlimited deposit insurance coverage through the Financial Services Regulatory Authority (FSRA)
