Insurance GICs

What is an Insurance GIC? 

An Insurance GIC provides the security of knowing you can protect your savings, and guarantee your rate of return with the additional benefits of an insurance contract. 


Access this video to learn more.

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Insurance GICs are accumulation annuities that combine the benefits of a guaranteed investment certificate with the protection and estate planning advantages of an insurance contract. They offer security for you and your family. Insurance GICs also allow you to name a beneficiary that may help avoid the cost and delays associated with probate and estate settlement.

The Legacy Settlement Option allows you to customize the death benefit from your Insurance GIC.  You can provide a lump sum payment, a steady stream of lifetime income, income for a specified time, or any combination of these options* to beneficiaries.

Insurance GICs can serve as an important part of your savings during your working years. Our Superflex Insurance GIC can easily convert into the Income Master RRIF, which provides an income stream at retirement.

Benefits of Insurance GICs


    Helps manage or balance risk in your portfolio.


    You choose a beneficiary for both your registered and non-registered funds. Proceeds are paid directly to the beneficiary upon the annuitant's death, avoiding the potential delays and expense associated with probate.


    May be protected from creditors, which can be especially beneficial to business owners or self-employed professionals.

Explore our Insurance GICs

Superflex (Insurance GIC**)

Superflex provides a simple and sensible way to grow and protect savings and plan a legacy.

Learn more about Superflex

Income Master (Insurance GIC**)

Income Master provides an easy way to convert a registered Superflex to an income stream at retirement.

Learn more about Income Master

To learn more about how insurance GICs can help you meet your investment goals, talk to your advisor today.


*Lifetime income or income for a specified time is made possible by an annuity.  The annuity must be allowed under the Income Tax Act (Canada).  For locked-in funds, the death benefit is paid according to applicable pension law.

**An Insurance GIC is an accumulation annuity issued by Sun Life Assurance Company of Canada.