14 June 7, 2012 - St. Thomas/Elgin Weekly News
Focus Do you need a lifetime income guarantee? Submitted by Mary Gillick, Investors Group
Are you getting ready to retire or already retired? Are you looking for a secure, predictable, guaranteed retirement income?
The answer could be a Guaranteed Investment Fund (GIF) with Lifetime Income Benefit. A GIF (also known as a segregated fund policy) is a form of insurance that combines the growth potential of investment mutual funds – including builtin diversification, liquidity and professional management – with the features of an insurance policy to provide the se-
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curity of a guaranteed income for life. Depending on the features you choose, your GIF could provide: • A predictable income guaranteed for life, starting as early as age 50. • Payments based on an income percentage that increases with age and will never decrease (unless withdrawals exceed the annual guaranteed amount). • Payments that can be deferred to increase the amount of the annual lifetime income. • The possibility for income 'resets' - usually every three years - that can increase the amount of your income payments to help offset inflation. As your policy market value increases, you have the option of using those gains to 'reset' your lifetime income amount. • Death benefit guarantees. • Access to your assets whenever they are needed but certain fees or RRIF minimums
may apply to withdrawals. Withdrawals in excess of the annual guaranteed income amount will affect your lifetime income amount. • For business owners and professionals, a GIF offers the potential for creditor protection of personal assets. Talk to your financial advisor about whether a GIF is the right fit for your financial plan. This column, written and published by Investors Group Financial Services Inc. (in Québec - a Financial Services Firm), presents general information only and is not a solicitation to buy or sell any investments. Contact your own advisor for specific advice about your circumstances. For more information on this topic please contact your Investors Group Consultant. Insurance products and services are distributed by I.G. Insurance Services Inc. (in Québec - a Financial Services Firm). Insurance licence sponsored by The Great-West Life Assurance Company outside of Quebec.
Medications and falls
with tips from Elgin St. Thomas Public Health Older adults want to live active and independent lives. Falls are not a natural part of aging. As you age, the way some medicines affect you can
to think about what security means to you.
Talk to your doctor or pharmacist
When it comes to your investment portfolio, how do you define security? 3 Guarantees that protect your investment? 3 Reliable income flow? 3 The expectation of future gains? Talk to us today about how financial alternatives like Investors Group Guaranteed Investment Funds provide a measure of certainty for your investment portfolio. Mary Gillick, CFP EPC Executive Financial Consultant Investors Group Financial Services Inc. 254 Pall Mall Street Suite 100, London, On N6A 5P6
Supported by Elgin Safety Team for Adults Finding Balance was developed by the Alberta Centre for Injury Control & Research and the Alberta Medical Association.
Ph. (519) 679-8993 Toll Free 1(888)679-8993 Mary.email@example.com
™ Trademark owned by IGM Financial Inc. and licensed to its subsidiary corporations. Investors Group Guaranteed Investment Funds are segregated fund policies issued by The Great-West Life Assurance Company. MP1104 (01/2011)
change. Taking certain medications or combinations of medication can increase your risk for falling. The good news is that you can take steps to prevent falls. Remember that medications which relax you, help you sleep, or improve your mood can increase your risk of falling. And Calcium and Vitamin D help to keep your bones strong. Medication Safety Tips: • Talk to your pharmacist and doctor if pills make you drowsy or dizzy. They may need to change the type, dose, or time of day your take them. • When you stand up, pause, get your balance and then move. • Alcohol affects medications. Be careful. • Use only one pharmacy to fill prescriptions. It is important that your pharmacist knows all the medications you take to predict side-effects. • Keep a current medication list in your wallet and at home. Review them yearly with your pharmacist and doctor. • Only use your prescribed medications, never someone else's. Check the expiry date and return outdated medications to your pharmacist.