GROUP SAVINGS
AND RETIREMENT
FOR INTERMEDIARIES
Discover SecurOption, which provides members with an
innovative way to build a guaranteed retirement income using
group RRSP or DPSP contributions.
SecurOption meets the need of Canadian workers to increase
Offer the security of guaranteed retirement income
the portion of their retirement income that is guaranteed and
in your group RRSPs and DPSPs.
known in advance.
Distribution of contributions according to retirement income source
Contributions
Percentage invested
in investment funds or
guaranteed investments
Percentage deposited
in the SecurOption
accumulation account
Group retirement savings plan +
personal savings
Exposed to market and interest rate fluctuations
Capital may be accessed at any time
Requires a payout strategy
Non-guaranteed retirement
income (varies according to
market fluctuations)
SecurOption (group retirement savings plan)
Guaranteed retirement income
No market fluctuation possible
Guaranteed
retirement income
Canada Pension Plan (CPP) or
Quebec Pension Plan (QPP)
Old Age Security (OAS)
Reassuring benefits for everyone
Easy to explain
and understand
Option included in group RRSPs or DPSPs by sponsors
Available to members aged 45+ on a voluntary basis
The amounts allocated to SecurOption are deposited in the SecurOption accumulation
account for the periodic purchase of a deferred life annuity.
The annuities purchased over the years will provide the member with guaranteed
lifetime retirement income.
Simple management
for sponsors
Easy to implement
No extra work for the sponsor to do except deduct contributions and transfer them
to Industrial Alliance
Less costly solution than a defined benefit pension plan
Benefit that sets employers apart from the competition in the area of group savings
and retirement
Reassuring benefits for everyone (continued)
Ultraflexible investment
instructions
Members choose the percentage of contributions to allocate to SecurOption.
Possibility of making lump-sum contributions (for RRSP only), depending on the terms
of the contract
Ability to change future investment instructions at any time
Advantage of periodic
annuity purchases
Buying annuities by periodic purchases minimizes the effects of a huge market downturn
just before the start of retirement.
Annuity payment
protection
Annuity payments protected by Assuris up to $2,000/month.
Withdrawals during
the accumulation phase
Redeemable in the case of specific life events: termination of the plan or contract,
termination of employment or membership in the association represented by the
sponsor, end of conjugal union, reduced life expectancy, death.
An alternative to guaranteed
investments
SecurOption is the ideal solution for members who:
designed
for?
Want to build a guaranteed lifetime retirement income
to supplement government benefits
Guaranteed investments are often a preferred
investment option for investors interested
in financial security. SecurOption meets
the same needs and provides other benefits
as well.
Actively plan their retirement
Are unfamiliar with the markets
Want to secure part of their retirement savings against
market fluctuations
Guaranteed Investments
SecurOption —
Lifetime Retirement Income
Safety of capital
Yes
Yes
Renewal of terms
Interest rates cannot be projected before
each renewal
N/A
Capital availability
Under certain conditions
Only the amounts deposited in the SecurOption
accumulation account prior to the purchase
of the annuity are available at any time.
Amounts exposed to market
fluctuations
No
No
Guaranteed retirement income
No. Members must manage retirement
income amounts at the end of each term.
Yes. In addition, the information on this
amount is available to members during
their accumulation period.
Management during
the accumulation period
Yes. Members must manage terms every
time an investment matures.
Worry-free management
Management during
the payout period
Yes. Members must manage terms every
time an investment matures.
Worry-free management
Risk of capital depletion
Yes, depending on the amounts withdrawn.
No risk
Possible annuity redemption
N/A
If specific life events occur
OFFER A SECURE OPTION WITHOUT
MANAGEMENT HASSLES!
SRM406A-4 PDF
Who is
SecurOption