Tax Free Savings Account (TFSA) Invested in an Accumulation Annuity
A Tax Free Savings Account (TFSA) can be invested in an Accumulation Annuity. An Accumulation Annuity is a deposit type product that accumulates value by adding interest to the deposits. The interest rates may be guaranteed for periods such as 1, 3, 5, 7 or 10 years.
If your life insurance company fails, your TFSA invested in an Accumulation Annuity will be transferred to a solvent company.
On transfer, Assuris guarantees that you will retain 100% of the Accumulated Value up to $100,000
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