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How Canada Life is supporting you during COVID-19. Learn more

The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Learn more

The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Learn more

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Freedom 55 Financial is a division of The Canada Life Assurance Company and the information you requested can be found here.

Canada Life announced a temporary suspension of contributions to, transfers and redemptions from its Canadian real estate segregated fund, effective March 20, 2020, until market conditions have stabilized. This was done in the best interest of our investors, since there was material uncertainty in the valuation of the properties held by the fund.

We now have appropriate confidence in the valuation of the properties held by the fund and the fund’s cash levels to meet operational commitments.

Effective April 19, 2021, the suspension will be fully lifted and the fund will return to normal operations. That means you can continue to purchase units of the fund or request a transfer or redemption of the value of your fund units on a daily basis.

  • London Life Real Estate Fund 2.17G (LLREF)
  • Great-West Life Canadian Real Estate Investment Fund No. 1 (CREIF)
  • Canada Life Real Estate Fund (GWLRA) SF353
  • Real Estate Fund (GWLRA) (LREG)
  • Real Estate Notional Fund (GWLRA) (NLREG)
  • Real Estate C Fund (GWLRA) (REGWL)

We recommend you discuss your investment strategy with your advisor before making a decision. Your advisor can assist you with the forms required to make contributions, including setting up systematic transactions into the fund that were stopped when the fund was suspended.

  • If you want to contribute to the fund and you make the investment decisions for your plan, you need to first update your allocation and maturity instructions (if applicable) by signing in to mycanadalifeatwork.comOpens a new website in a new window and selecting Tools & resources. You won’t be charged a fee to make changes.
  • If you want to transfer an amount into the real estate fund, you can do this by signing in to mycanadalifeatwork.comOpens a new website in a new window and selecting Tools & resources.
  • When the suspension was announced, any instructions for new contributions or maturing investments directed to the real estate fund were changed to direct that portion to the money market fund or daily interest account. This or any other adjustments made to investment instructions will not automatically be changed back to include the real estate fund. If you make the investment decisions for your plan, you can change the instructions for new contributions or maturing investments back to include the real estate fund at any time online.
  • You may also move any amount that has accumulated in the money market fund or daily interest account since the suspension back into the real estate fund. You won’t be charged a fee to make changes.
  • If you were previously making pre-authorized contributions (PACs) to the fund and want to resume that, your payment instructions will need to be restarted and this can be done online.  

If you were previously making pre-authorized contributions (PACs) to the fund and you want to resume, your payment instructions will need to be restarted. Please contact your advisor if you haven’t already done so, to re-start your PAC today.

  • If you want to request a transfer or redemption from the real estate fund, you can do it online if your plan pemits by signing in to mycanadalifeatwork.comOpens a new website in a new window and selecting Tools & resources.
  • If we were holding transactions that involved moving real estate fund units to another financial institution, we’ll transfer those assets to the new financial institution using the unit value as of April 19, 2021 which may be higher or lower than on the date of request.

We recommend you discuss your investment strategy with your advisor before making a decision. Your advisor can assist you with the forms required to make changes to your policy, including setting up automatic transactions that were stopped when the fund was suspended.

Your group plan may offer the automatic rebalancing service to help keep your investments in line with your goals. If you’ve elected this service and have rebalancing instructions associated with the real estate fund, it was stopped during the suspension and will not automatically be restarted. You can enable the service online to include the real estate fund after April 19 by signing in to mycanadalifeatwork.comOpens a new website in a new window and selecting Tools & resources.

We recommend you discuss your investment strategy with your advisor before making a decision. Your advisor can assist you with the forms required to make changes to your policy.

As a result of the suspension, income payment instructions were adjusted to exclude the real estate fund. After April 19, you can include your real estate assets in your payment instructions, and payments from this fund can be made above the minimum and up to the maximum defined amounts (where applicable). You can view your scheduled payment details when you log in to mycanadalifeatwork.comOpens a new website in a new window and look for Retirement income details and if you wish to make changes, you can call us.

Current commentary and information about the fund are available in the Learn more section at the bottom of the GWL Realty Advisors websiteOpens a new website in a new window.

Contact us

Call us at 1-800-724-3402 weekdays between 8 a.m. and 8 p.m. ET.

mycanadalifeatwork.comOpens in a new window is our new member website. If you need help with the site, scroll down on the sign-in page of the site for helpful tips or call 1-888-222-0775 weekdays between 8 a.m. and 8 p.m. ET.

This fund was fully suspended because of valuation uncertainty from March 20, 2020 to Jan. 11, 2021. Unit values and rates of return for that time period may not accurately reflect the market value of the properties held by the fund.