Flex
The Flex product closed to new policies on Dec. 5, 2003.
While Flex products are no longer available for sale, policyholders can continue to make contributions and transfer assets to existing policies.
Existing policyholders:
- Continue to have the option to transfer an existing Flex RRSP to a Flex RRIF
- Are permitted to make additional contributions to their policies provided they don’t exceed $20,000 annually
- May switch between funds within the same policy
- May continue to make deposits to existing Flex policies with pre-authorized chequing plans
- Cannot open new Flex policies
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