Canada Life Generations Products
You have a wide range of investment options from conservative funds to aggressive international equity funds managed by professional investment managers. Canada Life Generations™ products offer guaranteed interest terms of 1 to 10 years and over 50 segregated funds.
Canada Life Generations products also offer choice and simplicity for your financial planning needs.
- Guarantees that vary by age and product
- Flexible fee structure
- Competitive management expense ratios (MERs)
- Consolidated client statements
- One application, one information folder (includes summary fact statements) and one contract booklet
Each of our Canada Life Generations segregated fund policies offer standard features and, in some cases, enhanced features. Your advisor can help you understand how each of the product features work.
Generations Core
These segregated fund policies guarantee that the value of your investments at maturity and death will be no less than 75% of premiums allocated.
Generations I
When protecting the value of your investment at death is your main concern, Generations I adds an enhanced death benefit guarantee of 100%.
Generations II
The ability to capture the value of fund performance is a key feature of Generations II. It has a death benefit guarantee and an enhanced maturity guarantee of 100%. It also allows you to select a feature that will lock in market gains for either or both the maturity guarantee and the death benefit guarantee.
Generations
Generations is no longer available for new policies; however, we’re not changing the way existing policies are managed. You can still transfer your existing Generations registered retirement savings plan (RRSP)1 policy intact at maturity to a Generations registered retirement income fund (RRIF)2 policy.
A description of the key features of Canada Life's individual variable insurance contract is contained in the information folder, available from your advisor.
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