Retirement – the new beginning you planned and saved for. Now is the time to determine which Canada Life retirement income options will best serve your needs as you enjoy your golden years.
Retirement income options
At retirement there are a number of income options you can consider, determined in part by the retirement plan you had while you were working.
Registered retirement income fund (RRIF)
Find out more about the features of a registered retirement income fund.
Locked-in retirement income fund (LRIF)
Locked-in retirement income funds pay out the accumulated value of locked-in RSPs, LIRAs or RPPs.
Life income fund (LIF)
Life income funds (LIFs) are tax-deferred plans that pay out your registered pension plan, locked-in RRSP or locked-in retirement account assets over a number of years.