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Investing with Assumption Life

Solutions tailored to your needs.

RRSPsThe Registered Retirement Savings Plan (RRSP) remains one of the best tools to save for retirement.

For as low as $25 per month, it is possible to invest in an Assumption Life RRSP. With a diversified selection of segregated funds and guaranteed interest accounts, your client’s needs can be met regardless of their investor profile.They need your help to build a financial plan and keep them on the right path.

Not only is the investment return tax sheltered, RRSP contributions are tax deductible!

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TFSAsRegardless of the financial objective, the Tax-Free Savings Account (TFSA) is a tool than can help your clients reach their goals.

The investment return as well as withdrawals are tax-free! Furthermore, the amount withdrawn from the TFSA will be added to the next year’s contribution limit. Your client can therefore save for new financial goals.

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Non-registered InvestmentsA flexible way to save, without contribution limits.

With a choice of several segregated funds and guaranteed interest accounts, it’s easy to establish an investment strategy that matches your client’s investor profile. Investments can be made by lump sum or through preauthorized debits. Systematic withdrawals are also available.

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LIRA / Locked-in RRSPsTake control of your retirement.

With the Locked-in Retirement Account (LIRA) and locked-in RRSP, your clients can take control of their investments that have accumulated in their ex-employer’s pension plan. They can choose from several segregated funds and guaranteed interest accounts to help them reach their retirement goals. Clients also have the flexibility to change their investment strategy at any time.

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RRIFsYour client is ready to withdraw money from his RRSP?

The Registered Retirement Income Fund (RRIF) was created for this purpose. Your client is free to determine the investment strategy and the amounts to withdraw. These elements can be changed at any time. Only the amounts withdrawn are taxable; the investment return gained in the RRIF is tax-sheltered.

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LIFsYour client is ready to withdraw money from his LIRA or Locked-in RRSP?

For the client who wants to control the investment strategy and determine the amounts to withdraw for money coming from a pension plan, a LIRA or a Locked-in RRSP, the Life Income Fund (LIF) is the perfect solution. The investment strategy and amount of withdrawals can be modified at any time.

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Immediate AnnuitiesIf your client is looking for a guaranteed income, an immediate annuity could suit his or her needs.

Whether the income is needed for a specific number of years (term certain annuity) or for life (life annuity), the income generated by the immediate annuity and the interest rate are guaranteed. No surprises!

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National Bank of Canada RRSP LoanAn RRSP loan is an attractive solution for existing and potential clients seeking to make or maximize their RRSP contributions.

We are pleased to partner with the National Bank of Canada as one of our RRSP loan providers. Simple 3-step paper-based application process!

Product highlights:

  • interest rate closely aligned with the base prime rate
  • financial information not required for loans of $25,000 or less AND 24 months or less
  • option to defer first payment for 3 or 6 months
  • payment frequency: monthly, bi-weekly or weekly
  • option to transfer RRSP loan from another financial institution
  • rapid approval turnaround time
  • dedicated broker toll-free line 1-800-901-0172
  • client toll-free line 1-866-444-1379
  • start date: November 1st, 2021
  • end date: March 1st, 2022
  • cut-off date to submit a request with disbursement at a future date: February 11, 2022

Advisors must enrol prior to submitting loan applications.
Please fill in the "Broker Enrolment" form. In the space for the Advisor/Representative you must indicate your Assumption Life agent code.

**New** Requirement regarding the Disclosure of the Cost of borrowing 
It is now required to provide to the applicant the Cost of Borrowing disclosure statement under section 450 of The Bank Act. You will need to complete and provide the Cost of borrowing disclosure statement to the Applicant at the same time the Credit Application is completed and signed. Applicants are not required to sign a copy of the borrowing disclosure statement, nor do you need to send a copy to National Bank.

You will find the instructions pertaining to this new document on page 5 of the Advisor Guide, and you will find examples on how to complete the disclosure on page 31 of the Guide.  

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B2B Bank & Investment RRSP LoansAn RRSP loan is an attractive solution for existing and potential clients seeking to make or maximize their RRSP contributions.

B2B Bank is a Canadian leader in providing banking products to more than 27,000 financial advisors and brokers! Quick and easy online application process

B2B Bank is a Canadian leader in providing banking products to more than 27,000 financial advisors and brokers. A wholly-owned subsidiary of Laurentian Bank of Canada, it is a member of the Canada Deposit Insurance Corporation (CDIC). As a Schedule I Canadian bank, B2B Bank offers innovative products and solutions that help advisors and brokers build a different and more rewarding banking experience for their clients, one that enables and fosters independent financial advice. More information about B2B Bank is available at b2bbank.com or by calling 1 (800) 263-8349.
Electronic Submission
Online applications can be completed through B2B Bank’s Electronic Application Submission Entry (EASE) system. Go to B2B Bank’s Website and log in to EASE by clicking on the Online Loans - EASE category under the SIGN IN tab drop-down menu.

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