Income Master (Insurance GIC*) provides an easy way to convert a registered Superflex to an income stream at retirement.
Income Master is an excellent choice as part of a retirement income plan. It offers a steady stream of retirement income with the peace of mind that comes with owning a guaranteed interest investment. Once a year, a withdrawal of up to 10% of the January 1st value can be processed with no Market value adjustment (MVA). Additional withdrawals (after the 10%) are subject to MVA.