Now for the first time in Ireland, an Approved Retirement Fund (ARF) is available with lifelong income benefit which gives people a secure, predictable and guaranteed income for life.
This new, innovative product allows ARF investors, for the first time, to keep control over their investment and provide access to retirement savings when needed, while providing a secure, predictable, guaranteed income for the whole of their lives in retirement. This product is available to investors who are eligible to take out an ARF.
The Canada Life ARF with lifelong income benefit provides several key benefits to investors:
- A secure, predictable guaranteed income for life in retirement;
- Access to retirement savings when you need it;
- A choice of investment options;
- The potential for your income to be increased;
- A minimum payment on death;
- A safe and secure transition from savings to a guaranteed retirement income;
- A guarantee backed by the strongest life assurance group in Ireland.
Pat Ryan, Head of Pensions, Canada Life says: 'We have a proud history of product innovation and we are delighted to make this exciting product available to Irish investors for the first time. This type of product has proven very successful for our parent company Great-West Life, in the North American and German markets. With the resources of our group, we have been able to leverage this expertise from Canada while designing this product around the very specific needs of the Irish market.' 
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