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Reduced Risk Exposure: GICs help risk based on the issuer's ordinary income, while fixed annuities understand the terms and conditions of each contract before making.
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Mutual Funds vs. Guaranteed Investment Funds (GIF)Guaranteed funds offer medium-term up to long-term investments, the duration/maturity of the funds is normally from 3 to 5 years. What is a guaranteed fund? Guaranteed funds assure unitholders at least the protection of their initial investment on a given future date. In some cases. Guarantees that protect % of your investment. Automatic monthly locking-in of market gains to potentially increase the guaranteed amount you would receive.
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