Sun Life Launches GIFs

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    Sun Life Assurance Company of Canada is launching Sun Life Guaranteed Investment Funds (GIFs) to help Canadians navigate the current economic climate. The GIFs are designed to help Canadians reach their savings goals with an opportunity for gains similar to other investment vehicles, but with a layer of protection to help safeguard retirement savings from market volatility. They combine the potential to benefit from market growth with the guarantees and flexibility of an insurance solution to help Canadians meet their changing needs at different stages of their lives. The new product lineup, which is manufactured and distributed by Sun Life, includes a first in the Canadian market – a guaranteed income product with an innovative feature that locks in market gains to grow retirement income. “Ninety-eight per cent of Canadians feel it’s important to have some form of guaranteed income in retirement according to the most recent ‘Sun Life Canadian Unretirement Index’,” says Kevin Dougherty, president, Sun Life Financial Canada. “This type of benefit is especially important for close to five million Canadians who are within 10 years of retirement.”