Guaranteed Interest Options and Payout Annuities

Guaranteed interest options

Our guaranteed interest option (GIO) provides a guaranteed rate of return on the original amount invested provided there are no redemptions.

A GIO with a named beneficiary gives you the additional benefits of an insurance policy such as bypassing probate, legal and other estate fees on death.

Payout annuities

As part of your financial security plan, payout annuities can provide guaranteed payments to meet your fixed-income needs. A payout annuity is a financial product that pays you a regular income for a fixed period or the rest of your life. We offer a wide range of payout annuity types including:

• Single life annuity – provides a level or indexed amount of income for as long as you live.
• Joint and survivor life annuity – provides a level or indexed amount of income for as long as you or your co-annuitant are living; when one co-annuitant dies, the survivor continues receiving the same income or a reduced income by a given percentage, as chosen at the time of purchase.
• Term certain annuity – guarantees payments for a fixed period of time as chosen at the time of purchase.