Both the registered retirement income fund (RRIF) and the life
income fund (LIF) from Equitable Life are ideal options for
providing income during retirement. Registered retirement savings
plan (RRSP) assets transferred to a RRIF and pension assets in a
LIF continue to grow in a tax sheltered environment while providing
you with control over how your assets are invested. The wide
investment selection allows you to change your investment mix as
your needs change.
Some provinces require that a LIF be converted to a life annuity
in the year you turn 80.
- Choice over how much income you receive every year (subject to
government minimums and maximums)
- Competitive interest rates
- Flexible income options
Products that we currently offer as a RRIF/LIF