Your financial future - backed by the strength and stability of The Canada Life Assurance Company which is among the top insurers in North America.
What is a Structured Settlement?
A Structured Settlement is an annuity purchased for the benefit of individuals who have suffered physical injuries. The annuitant receives a series of tax-free* payments tailored to meet both future medical and basic living expenses. A Structured Settlement offers the security of guaranteed long-term income, thus removing the burden of managing a large sum of money from the injured party and reducing the possibility of exhausting the settlement fund.
What is a Guaranteed Investment Contract?
Guaranteed Investment Contracts (GICs) are investment contracts that guarantee payments at a fixed interest rate, indexed rate, or participating interest rate on a specified date. GICs provide a full guarantee of principal and accrued interest and are backed by the general assets or the separate account of the issuing insurance company. GICs are ideal investment vehicles for the stable value fund of defined contributions plans and other qualified plans.
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