Retirement_Eggs, Nest

Sun Life Assurance Company of Canada is growing its wealth management business by launching a line of guaranteed investment funds.

The new segregated fund lineup includes a first in the Canadian market: a guaranteed income product that allows investors to lock in gains to grow their retirement incomes.

Sun Life is offering the products because retirees are not only struggling with low interest rates, but also with the costs of living longer (according to 2014 data from the Canadian Institute of Actuaries, nearly one-fifth of 65-year-olds expect to live past age 95).

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Originally published on Advisor.ca

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