Savings & Retirement - Product Information
Equitable Life has a complete range of investment and annuity products designed to meet the savings, accumulation and income needs of clients. The wide investment selection provides you with the tools you need to achieve Financial Solutions for Life. Our strength as a company along with our many investment guarantees can help you achieve your financial goals with confidence.
Equitable Life also offers outstanding RRSP and Investment Loan programs for those clients who wish to take advantage of any accumulated RRSP room or top up their non-registered savings.
Equitable Life offers a wide selection of investment and annuity products to meet the diverse needs of our clients.
Choosing the right selection of investments is an important task. Use the Interactive Investor Profiler to find out which investment mix is right for you!
Products
- Guaranteed Interest Account
- Payout Annuities
- Pivotal Solutions
- Pivotal Solutions DSC
- Registered Retirement Income Fund (RRIF) & Life Income Fund (LIF)
- Tax-Free Savings Account (TFSA)
Guaranteed Interest Account
A Guaranteed Interest Account (GIA) is an ideal account for saving toward a special purchase, creating an emergency fund, a guaranteed holding of your investment portfolio and even guarding against market volatility. GIAs are also Tax-Free Savings Account eligible. Discover the benefits that GIAs can provide. Equitable Life's GIAs provides security of principal with a guaranteed rate of return.
Notable Features:
- Highly Competitive Interest Rates
- No Policy Fees
- Rate Guarantees
- Flexible-access to your investments anytime
- Creditor Protection
- Safe and Secure
- Estate Planning
Investment Options:
Daily Interest Account (DIA) - The DIA is similar to a high-interest savings account and may be ideal for those seeking a stable and secure investment for emergency savings or for those who have not yet defined their goals.
Guaranteed Deposit Accounts (GDAs) - These are annually compounded interest accounts with terms from 12 to 120 months. You can invest in a GDA for as little as $500.
Term Deposit Account (TADs) - These are simple interest accounts available with RRIF and LIF only. Terms from 11 to 30 years are available and the minimum investment is $5,000.
More Info
Payout Annuities
Life is enough of a puzzle - take the guesswork out of retirement income planning. An Equitable Life Payout Annuity provides you with a guaranteed income in one easy, worry-free solution.
It's simple - no matter what happens to the markets or interest rates, you do not have to worry about making investment decisions or risk outliving your savings.
With an Equitable Life® Payout Annuity you can be assured that our rates are among the best in the industry. We offer a wide range of Payout Annuity income options to customize the retirement income solution to best suit your financial goals and dreams. Income you can count on.
Notable Features:
- Can accommodate Registered, Non-Registered, Pension and Locked-in monies
- Indexed annuities
- Prescribed and Non-Prescribed tax treatment for non-registered annuities
- Guarantee periods available
Payout Annuity Options:
- Life Annuity
- Annuity Certain (non-registered only)
- Annuity Certain to age 90
- Joint and Survivor
- Joint and Survivor (with reducing payments)
More Info
Pivotal Solutions
Pivotal Solutions is Equitable Life's segregated funds only savings and retirement product. Pivotal Solutions provides a wide selection of Segregated Fund investment options. It's fund line-up can accommodate a variety of investor objectives and risk tolerance profiles from the relatively conservative investor to those looking for more aggressive long-term growth.
This plans can also be registered as an RRSP, RIF and LIF.
Notable Features:
- Internal Dollar Cost Averaging
- Optional Asset Rebalancing
- Strong Death and Maturity Benefit Guarantees
- Ease of transfer between investment options
Investment Options:
- American Growth Fund
- Asset Allocation Fund
- Canadian Bond Fund
- Canadian Stock Fund
- Equitable Life AIM Canadian Premier Fund
- Equitable Life Bissett Dividend Income Fund
- Equitable Life Mackenzie Universal U.S. Emerging Growth Fund
- Equitable Life MB Canadian Equity Value Fund
- Equitable Life Templeton Global Bond Fund
- Equitable Life Templeton Growth Fund
- Equitable Life Trimark Europlus Fund
- Equitable Life Trimark Global Balanced Fund
- Money Market Fund
- Equitable Life Quotential Diversified Income Portfolio
- Equitable Life Quotential Balanced Income Portfolio
- Equitable Life Quotential Balanced Growth Portfolio
- Equitable Life Quotential Growth Portfolio
- Equitable Life Quotential Global Growth Portfolio
- Equitable Life Quotential Maximum Growth Portfolio
- Equitable Life Acuity Canadian Balanced Fund
- Equitable Life Acuity Pure Canadian Equity Fund
- Equitable Life Dynamic Far East Value Fund
- Equitable Life Dynamic Power Global Growth Fund
- Equitable Life Trimark International Companies Fund
Pivotal Solutions DSC
Introducing streamlined segregated fund product effective October 20th
We've taken the best of our segregated fund platforms (Personal Investment Portfolio (PIP) and Pivotal Solutions II (PS II) and combined them to provide the next generation of product to form Pivotal Solutions DSC (Deferred Sales Charge)
Notable Features:
- Lower MERs
- Competitive Compensation
- 24 Segregated Funds from World-Class Fund Managers
- Two Resets Per Calendar Year (updating both the maturity guarantee and the death benefit guarantee)
- Ability to Conduct Business either Paper-Based or on FundSERV
- RRIF / LIF Options Available
Investment Options:
- American Growth Fund
- Asset Allocation Fund
- Canadian Bond Fund
- Canadian Stock Fund
- Equitable Life AIM Canadian Premier Fund
- Equitable Life Bissett Dividend Income Fund
- Equitable Life Mackenzie Universal U.S. Emerging Growth Fund
- Equitable Life MB Canadian Equity Value Fund
- Equitable Life Templeton Global Bond Fund
- Equitable Life Templeton Growth Fund
- Equitable Life Trimark Europlus Fund
- Equitable Life Trimark Global Balanced Fund
- Money Market Fund
- Equitable Life Quotential Diversified Income Portfolio
- Equitable Life Quotential Balanced Income Portfolio
- Equitable Life Quotential Balanced Growth Portfolio
- Equitable Life Quotential Growth Portfolio
- Equitable Life Quotential Global Growth Portfolio
- Equitable Life Quotential Maximum Growth Portfolio
- Equitable Life Acuity Canadian Balanced Fund
- Equitable Life Acuity Pure Canadian Equity Fund
- Equitable Life Dynamic Far East Value Fund
- Equitable Life Dynamic Power Global Growth Fund
- Equitable Life Trimark International Companies Fund
Registered Retirement Income Fund (RRIF) & Life Income Fund (LIF)
Both the Registered Retirement Income Fund (RRIF) and the Life Income Fund (LIF) from Equitable Life are ideal options for providing income during retirement. RRSP assets transferred to a RRIF and pension assets in a LIF continue to grow in a tax sheltered environment while providing you with control over how your assets are invested. The wide investment selection allows you to change your investment mix as your needs change.
Some provinces require that a LIF be converted to a life annuity in the year you turn 80.
Notable Features:
- Choice over how much income you receive every year (subject to government minimums and maximums)
- Competitive interest rates
- Flexible income options
Investment Options:
- Daily Interest Account
- Guaranteed Deposit Accounts
- Terms ranging from 12 to 120 months
- Term Deposit Accounts
- Terms ranging from 11 to 30 years
- Segregated Funds
- American Growth Fund
- Asset Allocation Fund
- Canadian Bond Fund
- Canadian Stock Fund
- Equitable Life AIM Canadian Premier Fund
- Equitable Life Bissett Dividend Income Fund
- Equitable Life Mackenzie Universal U.S. Emerging Growth Fund
- Equitable Life MB Canadian Equity Value Fund
- Equitable Life Templeton Global Bond Fund
- Equitable Life Templeton Growth Fund
- Equitable Life Trimark Europlus Fund
- Equitable Life Trimark Global Balanced Fund
- Money Market Fund
- Equitable Life Quotential Diversified Income Portfolio
- Equitable Life Quotential Balanced Income Portfolio
- Equitable Life Quotential Balanced Growth Portfolio
- Equitable Life Quotential Growth Portfolio
- Equitable Life Quotential Global Growth Portfolio
- Equitable Life Quotential Maximum Growth Portfolio
- Equitable Life Acuity Canadian Balanced Fund
- Equitable Life Acuity Pure Canadian Equity Fund
- Equitable Life Dynamic Far East Value Fund
- Equitable Life Dynamic Power Global Growth Fund
- Equitable Life Trimark International Companies Fund
Tax-Free Savings Account (TFSA)
With a Tax-Free Savings Account (TFSA) the options are endless. In 2009, the Canadian Government has opened the opportunity to save more and faster regardless of what your needs may be. Whether saving for a house, car, further education, a vacation or additional retirement savings, one account allows your individual goals to be met.
In addition to encouraging Canadians to save, the greater advantage of the TFSA is that Canadians can shelter $5,000 a year free of taxes on Capital Gains. This will provide the opportunity to save more than ever before.
Notable Features:
- A TFSA will allow savings without paying tax on any income or capital gains earned.
- Up to $5,000 can be invested each year ($10,000) per couple. Any unused contribution room is carried forward indefinitely.
- Withdrawals can be made at any time, for any need, and funds will not be considered income.
- TFSAs are transferable to your spouse/common-law partner upon death.
- TFSAs will not affect eligibility for federal income tested benefits.
Whatever the need may be, savings is an aspect that affects every Canadian in a unique and individual way; and for over 85 years, we have provided Canadians with sound financial protection and peace of mind solutions to help you and your family for years to come.
How much will your tax savings be investing in a TFSA vs. a taxable account? Calculate your savings with the Government TFSA Calculator.
Equitable Life of Canada offers financial solutions for your life.