Volatile markets can have a negative impact on any investment portfolio. When it comes to your client’s retirement savings portfolio, a sudden downturn in the market can have a devastating impact on their retirement plan.
To minimize the negative impact on these investments, why not protect their RRSP or RRIF with a guarantee using BMO Guaranteed Investment Funds (GIF)?
Why BMO GIF?
Unlike traditional investments, BMO GIFs provide a deposit guarantee, helping to protect your client’s original investment. BMO GIFs can also lock-in market gains and bypass the costly probate process* upon death while offering creditor protection**.
For more details, watch and share the following video. It’s a simple and great way to start a conversation!
Important Information
RRSP Contribution Deadline: March 2, 2020 for the 2019 tax year.
2019 RRSP Contribution Limit: 18% of earned income up to a maximum of $26,500 plus any contribution room carried forward from previous years less any pension adjustments. |
* Probate fees may not apply in Quebec.
** Creditor protection rules depend on legislation and vary by province. It cannot be guaranteed.
Any amount that is allocated to a segregated fund is invested at the risk of the policyowner and may increase or decrease in value. Any withdrawals will reduce both the Maturity Guarantee Amount and Death Benefit Guarantee Amount proportionately.
BMO Life Assurance Company is the sole issuer and guarantor of the BMO GIF individual variable insurance contract. Please consult the Information Folder (including Policy Provisions & Fund Facts) for details of BMO GIF. |
