Different guarantees to meet different needs

While all guaranteed interest products are designed for people who want to protect their principal and earn a guaranteed rate of return, different products have different features. There are short-term, long-term and flexible-maturity dates, as well as a daily interest investment.

Because of their many features, guaranteed interest products are an important component of both registered and non-registered savings plans – as well as retirement income plans.


Types of guaranteed interest products:

Guaranteed interest certificates (GICs)

  • GICs are one of the safest and simplest investments you can make.
  • GIC rates are guaranteed for a fixed period of time.
  • Available through Sun Life Financial Trust Inc., our GICs also offer flexible maturity dates and a 45-day rate guarantee.

Learn more about GICs

Insurance GICs

  • Insurance GICs are accumulation annuities (commonly referred to as guaranteed interest accounts) that work like a GIC, with the added benefits of a life insurance contract.
  • You can choose from a range of investments, each with a fixed rate of interest.
  • As an insurance contract, you can name a beneficiary and they can help avoid the cost and delays associated with probate and estate settlement.

Learn more about insurance GICs

Invest in guaranteed interest products

Step 1: Find an advisor

An advisor’s job is to help you understand how different products – each with their own features and options – can best meet your particular needs. Talk to your advisor; if you don't have an advisor, find one you're comfortable working with. There’s no cost to talk to an advisor.

Step 2: Meet with your advisor

To get the most out of the meeting with your advisor, take some time beforehand to think carefully about what you want to achieve. To help your advisor recommend the right products for your needs, it will be helpful if you gather some basic information about your income, assets and liabilities – including your savings, investment and pension plan statements.

Step 3: Make your investment

Your advisor will help you with any paperwork that’s required and ensure your money is transferred. Shortly after making your investment, you will receive a statement confirming the details of your account. Portfolio reviews may be done regularly to confirm your strategy and assess progress toward your goals.