Locked-In Retirement Income Fund
A Locked-In Retirement Income Fund (LRIF) is a restricted RRIF that is used to hold and pay out pension funds upon retirement. The LRIF provides an alternative to the traditional life annuity purchased through an insurance company. The LRIF gives you, the annuitant, control over the investment of your pension capital. Compared to the life annuity and Life Income Fund (LIF) the LRIF is the most flexible option for determining the flow of income.
You can transfer your LRIF to Fisgard anytime. Just call, and we'll do it for you.
Start small if you wish. Open an account with just $1,000.
Click here for our Retirement Calculators.