Our Products

Assumption Life is committed to giving licensed insurance advisors a competitive edge with the help of this savy and hassle-free investment solution .

The Registered Investment Account (RIA) is a unique concept in the industry, designed for fee-conscious investors who rely on their advisor to find a solution focused on long-term growth of their assets. Essentially, RIA is an annuity contract offered by a Canadian insurer where investor deposits are kept in the insurer’s general funds and the account mirrors the returns of one or more reference funds or strategy selected by the investor.

Our sales process and fund lineup offer the same great strategies used by most investment professionals in order to give our advisors the tools needed to compete in today’s investment management landscape.

Plans available for the RIA:
FHSA  |  TFSA  |  RSP  |  Spousal RSP  |  LIRA  |  RIF  |  Spousal RIF  |  LIF

Here are our key distinguishing characteristics:

Comprehensive product offerings 

• A total of 9 portfolios with broad diversification and asset allocation: our 4 traditional portfolios and 5 select portfolios manage investments automatically based on risk profile.
• A total of 9 target-date funds that automatically optimize risk-reward over time.
• A diverse fund lineup consisting of Canadian, US, and global equity, as well as fixed income.

• Competitive compensation options including 5-, 3-, and 2-year chargeback options or opt for a 0% commission with a higher trailer.

• Deposits accepted up to age 85, with no fund restrictions.
• Up to 4 fund switches per year across different fund managers, with no redemption fees or extension of guarantee periods. Additional switches are $20 per transaction.
• Up to 10% of the accumulated value (20% for RRIFs) can be redeemed without surrender fees.

• Minimum deposit of $500 per fund, waived if a PAC is set up (minimum $25 per fund).

• Death benefit: 100% of premiums invested before the annuitant’s 77th birthday, reducing by 5% annually to a minimum of 80% by age 80.
• Maturity benefit: 75% with no resets. Payable on the later of the contract’s 15th anniversary or:
  • at age 69 for RRSPs.
  • at age 75 for non-registered contracts. 

• RRSP and investment loans are available through B2B Bank.

Plans available for Segregated Funds:
TFSA  |  RSP  |  Spousal RSP  |  LIRA  |  RIF  |  LIF  |  Spousal RIF  | Non-Registered (individuals)  |  Non-Registered (entities)

Segregated Funds Guide  Relevant Documents  Financial Statements  Fund Facts

The greater the value of the client’s portfolio, the higher the interest rate will be in his GIAs. We have among the best GIA rates on the market for amounts of $250,000 or more.
 

Whether the income is needed for a specific number of years (term certain annuity) or for life (life annuity), the income generated by the immediate annuity and the interest rate are guaranteed. No surprises!

Annuity Quote Request  Relevant Documents