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Guaranteed Retirement Plan  
 

Introducing, Canada Life’s Guaranteed Retirement Plan, a solution for clients who are looking for security and certainty. This straight forward product promises to give a known, guaranteed amount of income at a selected date in the future.

So how does it work? A single premium is used to purchase a fixed amount of pension income which commences at a future selected date and is payable for life. The Guaranteed Retirement Plan is as simple as it sounds; a retirement plan which guarantees to give your clients certainty for their retirement planning.

Product summary

• A single premium can be used to secure a guaranteed amount of income that is payable for life, up to 20 years in advance of taking benefits.

• No investment risk, so no worry about sudden falls in the stock market.

• Protection against falling annuity rates.

• Premiums qualify for pension tax relief at source for tax efficient saving.

• A pension commencement lump sum (tax-free cash) is available when benefits are taken.

• Minimum age for purchase is 45 and maximum age is under 70.

• Benefits can be taken from age 55 up to age 75.

• Minimum deferral period is 5 years and the maximum is 20 years.

Setting up a Guaranteed Retirement Plan

Your Guaranteed Retirement Plan is set up with a single premium. The minimum premium is £5,000. Top up benefits can also be purchased (min. £5,000).

For quotes, please visit Online services or click on the link on the right hand side of this page.

 
 
More
 

The following key documents will give you more information on the Guaranteed Retirement Plan. The documents marked * are available to order. Further details of ordering literature can be found in the Library section of the site.
 
Addendum to Guaranteed Retirement Plan Personal Example ID4230
[ PDF; Feb. 08, 2012; 632KB ]
Guaranteed Retirement Plan Client Guide ref 8408 *
[ PDF; Dec. 21, 2011; 512KB ]
Guaranteed Retirement Plan key features ref 8406 *
[ PDF; Dec. 19, 2011; 110KB ]
Guaranteed Retirement Plan adviser guide ref 8407 *
[ PDF; Dec. 14, 2011; 296KB ]
Guaranteed Retirement Plan policy provisions ref NBD103 *
[ PDF; Nov. 16, 2011; 90KB ]
Guaranteed Retirement Plan application ref 8405 *
[ PDF; Jul. 20, 2011; 142KB ]
GRP How are your client's feeling about future retirement needs ID3478
[ DOC; Mar. 18, 2011; 141KB ]
Guaranteed Retirement Plan product details ID3474
[ PDF; Feb. 17, 2011; 100KB ]
Guaranteed Retirement Plan Product Features at a glance Sales Aid ID3474
[ PDF; Feb. 17, 2011; 100KB ]
Guaranteed Retirement Plan Suitability Letter ID3521
[ DOC; Jan. 27, 2011; 59KB ]
More related literature
 
Contact us  
 

Canada Life Limited
Canada Life Place
Potters Bar
Hertfordshire
EN6 5BA
Other enquiries
 
Online quotes  
 

Click the link below for online Guaranteed Retirement Plan quotes

Guaranteed Retirement Plan quotes
 
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Legal Notice | Data Protection Notice | Accessibility | Site map © Canada Life Limited. All rights reserved.  

This website is for UK financial advisers only and is not approved for use by private customers.
Canada Life Limited, registered in England no. 973271. Registered office: Canada Life Place, Potters Bar, Hertfordshire EN6 5BA
Telephone 08457 226232 Fax 01707 646088 www.canadalife.co.uk/ifa
Canada Life group consists of Canada Life Limited, Canada Life Asset Management Limited (both authorised and regulated by the Financial Services Authority), Canada Life International Limited and CLI Institutional Limited (Isle of Man registered companies authorised and regulated by the Isle of Man Insurance and Pensions Authority). All promotional material produced is approved by Canada Life Limited.