Investors who choose the GIC's provided by an Insurance Company realize all of the benefits of any guaranteed investment. In addition, investors automatically receive benefits only available from insurance company investments, such as:
- cashability
- bypass of probate and estate fees and other estate planning advantages
- potential creditor protection
- non-registered savings plan benefits
These benefits are unavailable through banks, trust companies and mutual fund organizations.
In addition, the value of your investment in an Insurance Company provided GIC is protected by third party insurance. Assuris (formerly known as CompCorp) insurance protects your investment in the case of insolvency, up to specific limits. For more information about Assuris (formerly known as CompCorp) protection, please visit their Web site at www.assuris.ca
The following provide rates of return on GICs
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