Empire Life’s One Year GIO Promotion

Posted on April 7, 2009 and updated February 24, 2012 in Life Insurance Canada News 2 min read

Empire Life’s Guaranteed Interest Option (GIO) accounts offer an excellent opportunity for risk adverse Canadians. The accounts pay competitive interest rates and from April 1st to Jun 30th 2009 the company is holding a special promotion.

Empire life logo

Account holders who purchased a 1 year GIO (i.e. an investment with a fixed rate of return for 1 year) can transfer the money into an Empire Life segregated funds within the year and will not be charged any surrender penalties.

Segregated Funds are similar to Mutual Funds but are offered through Insurance Companies.

There are several differences between Mutual Funds and Segregated Funds. The primary differences are the principal guarantee on maturity and on death plus the ability to protect the funds from creditors going forward.

Below are just some of the benefits of segregated funds:

  1. Principal guarantees at maturity and at death

  2. Market gains can be locked in and guaranteed (Empire offers 2 resets per year)

  3. By Passes the will – great for succession planning

  4. Possible creditor protection

  5. Avoids probate fees proceeds go directly to beneficiaries

We would be happy to help customize a plan to your specific risk level. Please feel free to contact me at 1.866.899.4849 for more details.


i am interested in infor. about investing for my in-laws who are going into a retirement residence and have a large sum on money to invest, he normally likes gic’s what is your best product and interest rates, my in-laws are 85 years old and want to have the interest pay for some of their monthly expenses. we do not want them to tie the money up for too long of a term because of their ages.