Guaranteed Interest
Options and Annuities

Great-West Life’s guaranteed interest option (GIO) is similar to a guaranteed investment certificate (GIC). It provides a guaranteed rate of return on the original amount invested and it’s backed by an insurance company.

With a GIO, you get the additional benefits of an insurance contract such as bypassing probate, legal and other estate fees on death (for registered and non-registered plans).

• Single life annuity – provides a level or indexed amount of income for as long as you live.
• Joint and survivor life annuity – provides a level or indexed amount of income for as long as you or your spouse are living; when one spouse dies, the survivor continues receiving the same income or a reduced income by a given percentage, as chosen at the time of purchase.
• Term certain annuity – guarantees payments for a fixed period of time as chosen at the time of purchase.

Talk to a financial security advisor to determine which options fit in to your financial security plan.