UV Assurance

Investment-retirement

2022 Investment Campaign

Saving Account

UV Direct Account | Current rate: 0.30%

More advantageous than traditional banking accounts with minimal interest rates and maximum user fees.

UV Direct Saving Accounts allow you to put money aside for your short and middle term projects. Safe and flexible, they offer the opportunity to save with easy access to your money.

UV Direct Saving Account advantages:

  • Higher interest rates than a banking account
  • No user fees
  • No cancellation fees
  • No minimum balance
  • Automatic savings available
  • No deposit limits
  • Available for non-registered deposits
  • 24/7 internet access
  • Phone access

Why opening a UV Direct Saving Account?

  • Make your savings grow

With higher interests rates than banking account paid monthly

  • Save without efforts

With automatic contribution from your account, you can save for a trip, home improvements, studies or simply to fulfil your dreams.

  • Protect your deposits

With the deposit insurance protection of the Autorité des Marchés Financiers (AMF) in case of insurer’s insolvability up to $100,000.

  • Save more

You reached your sealing contribution to a Registered Retirement Savings Plan (RRSP) or your Tax-Free Saving Account (TFSA)? Keep saving without limits with UV Direct.

  • How to sign up

First, you need to register with our Client Service online or by phone by calling 1 800 567-0988 ext. 2073 during business hours. If you call, the form will be mailed to you.

Then simply mail us a cheque for at least $10 made out to UV Insurance, along with the completed form.

You can also send us a sample cheque with an authorization to withdraw the initial amount by e-mail or by mail, along with the completed form.

After receiving the documents, we will use the cheque as a first deposit in your new UV Direct Savings Account. Plus, it will link your bank account to your UV Direct Savings Account so you can transfer money between these two accounts. Any subsequent transaction must be made online or by phone.

Term
Interest is calculated daily and paid monthly.

Interest rate is subject to change at any time.

Click here to read the complete terms of the UV Direct Savings Account

Guaranteed Investment Certificates (GIC)

What are GICs?

Grow your savings worry free thanks to the guaranteed investment certificate (GIC)

GIC investments, excluding the Market Index Uniflex funds, offer guaranteed capital and interest. You benefit from fixed interest rate during the investment. Your return is thus known and guaranteed from the deposit, no matter how well the financial market performs.

GIC products are ideal to:

  • Tax-Free Savings Account (TFSA)
  • Retirement Savings (RRSP)
  • Registered Retirement Income Fund (RRIF)
  • Life Income Fund (LIF)
  • Locked-in Retirement Account (LIRA)

GIC investments are perfect to:

  • Save for a major project
  • Secure a part of your portfolio
  • Save for retirement
  • Get a retirement income

Market Index Uniflex

Finding a financial product both secure and performing is like looking for a needle in a haystack. UV Insurance understands that need. That’s why it created Market Index Uniflex.

For 6 years, you will hold a portfolio with 20 Canadian corporations of the S&P/TSX60 index. The 8 best performing shares are assigned a fixed return of 60% while the remaining share are assigned their actual return. See the chart of past performances below to understand this product potential:

Features

  • Non-redeemable before the 6-year term
  • Available for registered retirement savings plan (RRSP) or non-registered, locked-in retirement accounts (LIRA), and tax-free savings accounts (TFSA)

 Advantages

  • 100% protected capital
  • Performance potential according Canadian Stock Exchange

Check GIC products rates

Specific Provisions for the Issue # 40 of the Canadian Market Index Uniflex

Uniflex

Uniflex is a competitive short-term investment product with 100% guaranteed interest rates for a period from 1 to 5 years. Investors know from the beginning the investment’s final performance.

Features

  • Redeemable at all time (with penalties defined in contract)
  • Flexible thanks to choices of interest rates calculation: compound, simple yearly-allocated or simple monthly-allocated
  • Available for registered retirement savings plan (RRSP) or non-registered, locked-in retirement accounts (LIRA), registered retirement income fund (RRIF), life income funds (LIF) or tax-free savings accounts (TFSA)

Advantages

  • 100% protected capital
  • Fixed interest rates for the entire investment period (final performance set when contract is issued)s accounts (TFSA)

Check GIC products rates

10-Year Step-Up Uniflex

10-Year Step-Up Uniflex is a secure investment solution with growing annual interest rates for 10 years. It fits short-term to long-term investors as it is redeemable with no penalty at each policy anniversary.

Features

  • Yearly compound interest rates
  • Available for registered retirement savings plan (RRSP) or non-registered, locked-in retirement accounts (LIRA), and tax-free savings accounts (TFSA)

Advantages

  • 100% protected capital
  • Guaranteed increasing interest rates for 10 years
  • Redeemable without penalty at each policy anniversary

Check GIC products rates

Uniflex 10

Uniflex 10 locks up capital for 10 years. It grows with the interest rate of Uniflex 5 years for the first 5 years, then at a subsidized interest rate for the following 5 years.

Features

  • Redeemable at all time (with penalties defined in contract)
  • Yearly compound interest rates
  • Available for registered retirement savings plan (RRSP) or non-registered, locked-in retirement accounts (LIRA), and tax-free savings accounts (TFSA)

Advantages

  • 100% protected capital
  • Higher interest rates than Progressive Uniflex as there is no redeem without penalty.

Check GIC products rates

 

Uniflex+ (EPUV)

Uniflex+ locks up capital for 5 years.

  • Redeemable at all time (with penalties defined in contract)
  • Yearly compound interest rates
  • Available for registered retirement savings plan (RRSP) or non-registered, locked-in retirement accounts (LIRA), and tax-free savings accounts (TFSA)

Advantages

  • 100% protected capital
  • Higher interest rates than Progressive Uniflex as there is no redeem without penalty.

Check GIC products rates

Segregated Funds

What are Segregated Funds?

A segregated fund is similar to a mutual fund, but generally comes with a guarantee upon death and a guarantee upon maturity. If you die before the maturity date and the value of the fund is less than the initial amount invested, this guarantee reimburses the difference. The guarantee may be lower if you make deposits after a certain age. For example, Assumption Life has a decreasing guarantee scale applicable after the annuitant’s 77th birthday.

Segregated funds offer six clear advantages:

  • Payout guarantee upon maturity: Upon maturity, the amount invested in your segregated fund is 75% guaranteed.
  • Payout guarantee upon death: Upon your death, the amount invested in your segregated fund is 100% guaranteed.*
  • Protection against creditors: The designation of one or more beneficiaries according to the class of insurance beneficiary prescribed by law potentially offers protection against the seizure of your funds.
  • Simplified and less expensive settlement: Upon your death, the amount payable is paid directly to any designated beneficiaries without going through your estate, thereby eliminating estate fees.
  • Insurance protection: Should your insurer declare bankruptcy, Assuris, a non-profit company protecting Canadian insurance holders, guarantees that you will receive 85% of the amount guaranteed upon maturity, or $60,000, whichever is greater.*
  • Designation of a beneficiary for non-registered contracts: Estate planning and intergenerational wealth transfer can be facilitated by designating a beneficiary.

*Under certain conditions

Segregated funds offer strong potential for diversification and growth. Offered with certain guarantees upon death and maturity, they are a great option for investors approaching retirement or those who want to secure their investments.

We offer you access to multiple segregated funds from our three renowned managers – CI Investments, Fidelity Investments and Louisbourg Investments.

Discover our segregated funds and registered investment accounts

Levelled Retirement Annuities

What are Levelled Retirement?

You want to convert savings into a regular income?
You saved for retirement during many years and it’s finally time to enjoy it. Putting your savings into UL Mutual’s hands means secure revenues at guaranteed minimum performance, without any financial risk. Discover which registered or prescribed annuities fit your needs.

Annuity certain

Ensure a guaranteed income independently of market and interest rates fluctuations. According to your needs, our certain annuities provide safe periodic revenue for a pre-established lapse of time. Moreover, in case of death before the end of annuities, remaining payments will be paid to your beneficiary.

Monthly annuity certain forecast

With a deposit of $100,000.

Guaranteed period Monthly annuity *
10 years $852
15 years $621
20 years $492

Advantages

  • Guaranteed fixed income for a specific period
  • Payments not affected by market and interest rates fluctuations
  • Accessibility to investors of all ages

* According to interest rates in force on March 2015. The annuity amount can differ at the time of your demand. Invested capital, current interest rates and guaranteed length of the annuity will also affect the annuity payment.

 

Life annuity

Enjoy peace of mind thanks to fixed revenue for your entire life. Each month or each year, a guaranteed amount is paid, no matter market conditions and interest rates fluctuations.

Monthly life annuity forecast

A man and a woman of 65 years old both pay a $100,000 capital.

Guaranteed period Man’s monthly annuity payment ** Woman’s monthly annuity payment **
10 years $453 $414
15 years $436 $405
20 years $412 $392

Advantages

  • Guaranteed fixed income for life
  • Savings cannot exhaust before death
  • Payments not affected by market and interest rates fluctuations

** According to interest rates in force on March 2015. The annuity amount can differ at the time of your demand. Invested capital, current interest rates, age and gender of the annuitant and guaranteed length of the annuity will also affect the annuity payment.

Joint and survivor annuity

Benefit from a fixed income all your life and ensure perpetual payments to your partner beyond your death. Thus, your partner will receive all guaranteed unpaid payments, ensuring financial sustainability and stability.

Monthly joint and survivor annuity forecast

An annuity on a 65 years old man’s life transferable at 100% or at 60% to his partner after his death, with a $100,000 deposit.

Guaranteed period Monthly joint and survivor annuity payment at 100 % *** Monthly joint and survivor annuity payment at 60 % ***
10 years $370 $400
15 years $369 $393
20 years $365 $382

Advantages

  • Guaranteed fixed income for life
  • Savings cannot exhaust before death
  • Guaranteed revenue to spouse
  • Payments not affected by market and interest rates fluctuations

*** According to interest rates in force on March 2015. The annuity amount can differ at the time of your demand. Invested capital, current interest rates, age and gender of the annuitant and co-annuitant and guaranteed length of the annuity will also affect the annuity payment.

Plans

Retirement Savings (RRSP)

The RRSP helps you save for retirement.

Two benefits:

  • As contributions are deducted from your taxable income, the RRSP lowers your income tax.
  • As your investment earnings are tax-sheltered, your asset grows faster.

Your RRSP can be used up to $25,000 to buy your first home thanks to the Home Buyers’ Plan (HBP).

Tax-Free Savings Account (TFSA)

The Tax-Free Savings Account (TFSA) helps anyone of 18 years old and more with a valid Canadian social insurance number to save tax-free for a specific project (renovation, car purchase, start-up launch) and to meet unexpected needs.

The TFSA is unique by its flexibility. You can withdraw amounts whenever you want it without being financially impacted.

4 reasons to save in a TFSA: 

  1. Grow your money tax-free all your life.
  2. Report what you did not deposit during the previous years (while respecting the annual contribution room).
  3. Withdraw any amount invested in your TFSA for a specific project or to cover an unexpected event, tax-free.
  4. Amounts invested in the TFSA are separated from your RRSP contribution room.

 

Annual TFSA Contribution Room
2018 $5,500
2017 $5,500
2016 $5,500
2015 $10,000
2014 $5,500
2013 $5,500
2012 $5,000
2011 $5,000
2010 $5,000
2009 $5,000
2019 $ 6,000
Total $57,500

 

RRSP and TFSA : what are the difference?

TFSAs & RRSPs enable you to invest your money tax-free and to make it grow. Those investment accounts meet different needs and can even complete each other.

See RRSP and TFSA pages to learn more about those products.

Choosing the plan that fits your situation is sometime complex. Your financial advisor is here to help you make an informed choice.

Differences between TFSAs & RRSPs

  TSFA RRSP
Contribution dates January 1 to December 31 February 29
Minimum age 18 years old None
Maximum age None
71 years old
Contribution room Per year:
$10,000 in 2015
$5,500 in 2016 
18% of earned income for the previous year up to:

$24,930 in 2015
$25,370 in 2016

Can we carry forward unused déductions? Yes, for an unlimited time. Yes, until your 71st birthday year.
Do we have to earn income to contribute? No Yes
Are contributions deductible from taxable income? No Yes
Do we have to pay tax if we withdraw an amount? No, withdrawals are tax-free. Yes, withdrawals are added to your taxable income for the same year.
Is investment income taxable? No No
What is the available contribution room? Unused amount of your annual contribution room accumulated since 2009. Unused amount of your annual contribution room accumulated since 1991.
Are we penalized if we contribute too much? Yes. A penalty of 1% per month. Yes. A penalty of 1% per month if your lifetime contribution surplus is higher than $2,000.
Are withdrawn amounts added to our contribution room? Yes. Available withdrawn amounts are added to the contribution room for the next year. No
Can we contribute to our spouse’s account? No. Amounts transferred to your spouse to contribute a TFSA are not subject to attribution rules. Yes. To be noted that the contributor benefits from the deduction in the calculation of their taxable income even if they are not the beneficiary.
Is there tax to refund upon death? No. Accumulated amounts until death can be transferred to the spouse without any impact. Yes. Except in case of a transfer to the spouse, a minor child or handicapped child.
Can we use this amount as a security for a loan? Yes No
Do we have to convert it at a certain age? No Yes, before your 71st birthday, you must convert your RRSP to a RRIF, buy an annuity or deregister your plan.