A guaranteed investment fund is an investment that provides capital guarantees at maturity or death to individuals. Guarantees that can be offered on an individual's investments into guaranteed investment funds are:

  • Guaranteed Amount at Death
  • Guaranteed Amount at a Specified Maturity Date
  • Guaranteed Withdrawal Amounts
  • Guaranteed Income Benefit

Guarantees at Death and Maturity
The death and maturity guarantees will ensure investors retain a minimum amount from their investment, regardless of the type of account and regardless of market performance. The guarantees on individual guaranteed investment fund policies are typically either 100% or 75% of the amount invested.

Assuris is an independent, not for profit, industry funded compensation organization founded in 1990. Every life insurance company  in Canada is required by the federal, provincial and territorial regulators, to become a member of Assuris.

If the life insurance company fails, the value of an investor’s funds will not be impacted. Assuris will seek to transfer the fund and the guarantees to a solvent company. Additional information and full details of insurance coverage provided by Assuris can be found on their website. Click here to be directed to the Assuris website.