Page 240 - A Canuck's Guide to Financial Literacy 2020

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Guaranteed Investment Accounts are a great way to protect your principal

Benefits of Guaranteed Investment Accounts

Stability - Deposits made into a DIA, GIA and TDA are fully guaranteed and accessible,
pending any withdrawal fees. These types of investment accounts protect your capital and
allow you to diversify from the traditional equity and fixed income asset classes.

Competitive Rates - The rates are tied to an underlying index and reflect current market
environments.

Creditor Protection - As the accounts mentioned above are an insurance protect, your funds
are protected from creditor, subject to conditions

Estate Planning - As insurance contracts allow you to name a beneficiary to the policy. By
doing so, the funds would be passed directly to the named beneficiary allowing you to avoid
probate, legal and executor fees.

Safety - The investment accounts are protected by Assuris which guarantee the funds in the
accounts if a member company files for bankruptcy.