Protection for your investments

If you are looking for the performance potential of mutual funds and the security of principal protection, IA Clarington GIFs offer the best of both worlds.

IA Clarington GIFs protect the value of your investments, while still allowing you to benefit from the market's growth potential.

How GIFs work

IA Clarington GIFs are a form of insurance for your investments. With a GIF, your initial investments are protected until maturity (after 15 years) or upon the death of the person whose life is being insured (the annuitant). The level of protection depends on which guarantee you select, since you can choose the combination of protection and underlying investment that best suits your goals. Meanwhile, if the market outperforms the value of the investment, you will receive that value.

Flexible guarantee options

Guarantee A
  1. 100% death guarantee – If the annuitant dies before the age of 85, the beneficiary is entitled to receive the greater of 100% of the death benefit amount (less any withdrawals*) or the market value. Once the annuitant reaches 85, the death benefit will be set at 75% of the death benefit amount (less any withdrawals*) or the current market value.
  2. 100% maturity guarantee – Upon maturity, the policyholder is entitled to receive the greater of 100% of the maturity benefit amount (less any withdrawals*) or the current market value of the deposit.
Guarantee A
Guaranteed Investment Fund Chart
Guarantee B
  1. 100% death guarantee –If the annuitant dies before the age of 85, the beneficiary is entitled to receive the greater of 100% of the death benefit amount (less any withdrawals*) or the market value. Once the annuitant reaches 85, the death benefit will be set at 75% of the death benefit amount (less any withdrawals*) or the current market value.
  2. 75% maturity guarantee – Upon maturity, the policyholder is entitled to receive the greater of 75% of the maturity benefit amount (less any withdrawals*) or the market value of the deposit.
Guarantee C
  1. 75% death guarantee On death of the annuitant, the beneficiary is entitled to receive the greater of 75% of the Death Benefit Amount (less a proportionate market value reduction for withdrawals) or the market value.
  2. 75% maturity guarantee Upon maturity, the policyholder is entitled to receive the greater of 75% of the Maturity Benefit Amount (less a proportionate market value reduction for withdrawals) or the market value of the deposit.

Note: Insurance fees will differ between Guarantee A, Guarantee B and Guarantee C.

Automatic reset

On the birthday of the annuitant we will automatically reset the death benefit guarantee to the greater of: 

  • the current market value of your investment; or
  • the existing death benefit guaranteed (less any withdrawals* or fees).

This enables you to automatically benefit from market gains without having to try to time the market.

Note: Automatic resets are only available up to age 75.

* Based on a proportionate market value reduction.

Does not apply to Guarantee C.

Estate planning benefits

Greater estate value

No probate fees.  1  

Rapid payment of benefits

The value of your investments is paid directly to your beneficiaries, following proof of the claim, without the need to wait for the final settlement of the estate.

Creditor protection

Designate a "preferred" beneficiary (such as your spouse or child) to shelter investments from potential creditors. 2 

Consumer protection

The consumer protection organization Assuris ensures the payment of the amounts guaranteed in the contract at maturity or at death. 3

1 Depending on the estate value, probate fees can greatly reduce the amount paid to heirs. Probate fees vary according to province of residence and personal situation.

2 Provincial legislation may affect the degree to which segregated funds can be used to shield assets from creditors. In addition, certain transfers of assets shortly prior to bankruptcy may be voided by the bankruptcy trustee or by a creditor.

3 Certain maximums apply to the Assuris protection.

Choose from a diversified family of investment funds

IA Clarington GIFs provide you with a well-diversified lineup of segregated funds. They allow you to invest with confidence, protect your heirs and breathe a little easier during market ups and downs.

See all GIF funds

GIF Investor guide 

GIF Advisor One Pager  GIF Advisor Information Folder

Administered By:

GIF - iAC - logo

Issued by: 

GIF - ia - en

Industrial Alliance Insurance and Financial Services Inc. is the sole issuer of the individual variable annuity contract providing for investment in iA Clarington GIFs. A description of the key features of the individual variable annuity contract is contained in the IA Clarington GIFs Information Folder. SUBJECT TO ANY APPLICABLE DEATH AND MATURITY GUARANTEE, ANY PART OF THE PREMIUM OR OTHER AMOUNT THAT IS ALLOCATED TO A SEGREGATED FUND IS INVESTED AT THE RISK OF THE OWNER AND MAY INCREASE OR DECREASE IN VALUE ACCORDING TO FLUCTUATIONS IN THE MARKET VALUE OF THE ASSETS OF THE SEGREGATED FUND.

iA Clarington is a trademark of IA Clarington Investments Inc. iA Clarington GIF is a trademark of Industrial Alliance Investment Management Ltd.