Redeemable Term Investment

For your clients who are looking for an investment whose rate and term are determined at the time of purchase.

Features

• Terms between 3 months and 20 years
  • The term must not exceed the annuitant’s age of 95 years
  • The term must not exceed 12 months when the annuitant is over the age of 95
• Redeemable at any time: may be subject to a market value adjustment (for more information, please refer to section 2.8.1 of the Term Investment Contract Application)
• Minimum investment of $500
• Simple or Compound interest
• Eligible for registered and non-registered contracts

Compensation

• 0.25% per year of the term, maximum of 1.25%.

Sales material

• Sales Process Checklist – Term Investments and Retirement Annuities – 20016E
• "Option for the death benefit to be payable in the form of an annuity" Flyer - 17062E