GIAs   Guaranteed Investment Annuity

A GIC like savings vehicle with advantages

Guaranteed Investment Annuities [GIA] are a kind of guaranteed investment only offered through the insurance industry. They are very similar to GICs, but because they are offered by a life insurance company they have different guarantees, and the added benefits of a beneficiary designation and potential creditor protection.

With an GIA, you can start with a lump sum or make periodic deposits at regular intervals, or on a flexible payment basis. The value within the GIA grows (accumulates) as deposits are made and as it earns interest. You can hold an GIA as part of a registered or non-registered savings or investment plan. You are guaranteed to receive a set interest rate over a predetermined term, and your investment is protected by specific insurance legislation.

You may not have heard of this investment option, but GIAs offer added advantages for people thinking of estate planning.

Estate planning advantages

Usually, only registered investments like RRSPs and pension plans let you name a beneficiary. But a GIA offered through the life insurance industry lets you name a beneficiary and avoid the trouble and expense of estate and probate fees, in case you were to die. If your spouse is named as your beneficiary, there are even more advantages, namely the tax roll-over provisions and other benefits

Potential creditor protection

If the beneficiary you’ve named qualifies, GIAs are generally protected against seizure by creditors. This can be a big advantage for business owners and professionals wanting to protect against an unexpected lawsuit or bankruptcy.

Security and safety

Guaranteed Investment Annuities [GIAs] are backed by:

    • The financial strength of Canada’s major insurance companies. CSIA only chooses accumulation annuities from top rated Canadian insurance companies that have always met their payment obligations.
  • Assuris, to the limits it sets. All insurance companies that CSIA places any insurance policy with is a member of Assuris. For information about this protection, see theAssuris Protection Brochure.


Choose from a variety of investment terms, either daily interest investment, or guaranteed interest investments.

Fixed terms, or you choose the end date

Available terms are 1 to 10 years, however you can also choose a specific date if you prefer.

45-day rate guarantee

You can lock in your interest rate up to 45 days before you deposit your money.


Unlike many guaranteed investments, you can get an accumulation annuity which is fully redeemable if you need it. This lets you get all or some of your money if you need it unexpectedly, but be aware there may be penalties.

Competitive interest rates

As insurance advisors at CSIA, we can shop the accumulation annuity marketplace on your behalf and find the highest interest rate guarantee on the market.



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