Guaranteed interest products

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.

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Types of guaranteed interest products:

Guaranteed investment 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.

Insurance GICs

  • Insurance GICs are accumulation annuities 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.
  • Because an insurance GIC is an insurance contract, you can name a beneficiary for direct settlement at death, which avoids the cost and delays associated with probate and estate settlement.

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 handle the paperwork for you. You'll need to submit an application for a policy that will be evaluated by the insurance company. Depending on your age and the type and amount of coverage you want, you will need to answer a medical questionnaire. We may also ask you for additional medical or financial information.