Here’s a series of videos you can use to get a better understanding of the products and services available to members
Learn how you can easily manage your savings plans with My Canada Life at Work. Sign in today at www.mycanadalifeatwork.com.
Description: This video uses footage of plan members and the My Canada Life at Work website to show how you can manage your savings plans.
Narrator: Managing your savings plans is easy with My Canada Life at Work.
Description: A middle aged couple review their financial plan on a laptop in their kitchen.
Narrator: Start with your total balance, including contributions, withdrawals, and growth.
Description: The “Savings overview” section of the My Canada Life at Work dashboard is shown. The “Summary” is highlighted as the total balance and contributions count in.
Narrator: Set a retirement goal
Description: The camera pans to the “Retirement goals” section. “Set my goal” is clicked.
Narrator: and check if you’re on track to getting there.
Description: The “Retirement plan calculator” opens. Each step is completed to reach the estimated result.
Narrator: When your life or goals change,
Description: Cut to life events: a new mother holds her baby in a hospital room, a couple exchange rings during a wedding ceremony and a middle-aged man carries a moving box into his new home.
Narrator: you can update your plan,
Description: The man sits at a table, typing on his laptop.
Narrator: including your contributions and investments.
Description: The “Contributions” page is shown. “Edit amount” is clicked and a contribution amount is entered. The member selects “Save.”
Narrator: And remember to make the most of your plan by checking back often for information and personalized offers.
Description: The “Resources” menu is highlighted then “Options for you” is clicked. The “Options for you” page is shown with three offers.
Narrator: My Canada Life at Work is the convenient way to plan for your future.
Description: The camera zooms out to display the My Canada Life at Work dashboard on a desktop computer and phone.
Narrator: Go to mycanadalifeatwork.com to sign in today.
Description: Words “Go to mycanadalifeatwork.com to sign in today.” appear with Canada Life logo and legal lines: Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402
Description: This video uses footage of plan members and the My Canada Life at Work website to show how you can manage your savings plans.
Narrator: Managing your savings plans is easy with My Canada Life at Work.
Description: A middle aged couple review their financial plan on a laptop in their kitchen.
Narrator: Start with your total balance, including contributions, withdrawals, and growth.
Description: The “Savings overview” section of the My Canada Life at Work dashboard is shown. The “Summary” is highlighted as the total balance and contributions count in.
Narrator: Set a retirement goal
Description: The camera pans to the “Retirement goals” section. “Set my goal” is clicked.
Narrator: and check if you’re on track to getting there.
Description: The “Retirement plan calculator” opens. Each step is completed to reach the estimated result.
Narrator: When your life or goals change,
Description: Cut to life events: a new mother holds her baby in a hospital room, a couple exchange rings during a wedding ceremony and a middle-aged man carries a moving box into his new home.
Narrator: you can update your plan,
Description: The man sits at a table, typing on his laptop.
Narrator: including your contributions and investments.
Description: The “Contributions” page is shown. “Edit amount” is clicked and a contribution amount is entered. The member selects “Save.”
Narrator: And remember to make the most of your plan by checking back often for information and personalized offers.
Description: The “Resources” menu is highlighted then “Options for you” is clicked. The “Options for you” page is shown with three offers.
Narrator: My Canada Life at Work is the convenient way to plan for your future.
Description: The camera zooms out to display the My Canada Life at Work dashboard on a desktop computer and phone.
Narrator: Go to mycanadalifeatwork.com to sign in today.
Description: Words “Go to mycanadalifeatwork.com to sign in today.” appear with Canada Life logo and legal lines: Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402
Get step-by-step instructions on how to register for your savings plans with My Canada Life at Work. Get started at www.mycanadalifeatwork.com.
Description: This video uses footage of a plan member and the My Canada Life at Work website to show how to register for your savings plans.
Narrator: Registering for My Canada Life at Work takes just a few minutes.
Description: A man sits on a couch while typing on his laptop in the living room.
Narrator: Go to mycanadalifeatwork.com
Description: Cut to the “Sign in” page
of the My Canada Life at Work website displayed on a laptop screen.
Narrator: And click “Register.”
Description: The camera zooms into the screen as a cursor enters the frame and selects the “Register” button.
Narrator: Then select “Savings” to manage your savings plans.
Description: The “Register” page is shown and the “Select” button is clicked underneath the “Savings” section.
Narrator: Enter your plan or policy and certificate numbers you received from your plan administrator, then choose “Next.”
Description: The numbers are entered in the form fields. The “Next” button is clicked.
Narrator: Now enter your first and last name as they appear in your statement.
Description: The “Account registration” page is shown. A progress bar with “Step 1 of 5” appears. The member’s first and last name are entered in the “Personal information” section.
Narrator: Next, you’ll add your personal email address and a password you’ll always use to sign in.
Description: Under “Sign in details,” the member’s email address and password are entered. They confirm their password then click “Register.”
Narrator: We’ll email you to make sure we got it right.
Description: Cut back to the man in his living room, browsing on his phone. A notification enters the frame with a mail icon that reads: “New message” and “Welcome to Canada Life.”
Narrator: After you confirm, you can sign in and complete your account setup.
Description: Cut to a confirmation page. The member signs in using their email address and password. They click “Sign in.”
Narrator: So we can verify your identity, enter a few more of your personal details, then click “Next.”
Description: The page returns to the account registration process. “Step 3 of 5” is displayed. The member scrolls down to the “Verify your identity” section and enters their birthdate, first name, last name and postal code. The “Next” button is clicked.
Narrator: Here you can let us know if we can use your social insurance number for our records.
Description: The progress bar advances to “Step 4 of 5.” The member clicks the check box to consent to using their social insurance number for tax reporting.
Narrator: You can connect with us about making the most of your group plan and reaching your financial and well-being goals.
Description: The cursor clicks a second check box to agree to promotions and marketing materials from Canada Life. The “Next” button is clicked.
Narrator: Finally, to keep your account extra safe, you can use two-step verification.
Description: The progress bar advances to “Step 5 of 5.” The member is prompted to turn on two-step verification. A radio button beside “Yes” is clicked.
Narrator: If you do, we’ll send you a five-digit code every time you sign in or change your password.
Description: The camera zooms out to display the page on a laptop. A phone enters the frame with a new notification: “New message from Canada Life.”
Narrator: That’s it.
Description: The My Canada Life at Work dashboard appears on the laptop and phone.
Narrator: Now you’re ready to use My Canada Life at Work for your savings plans.
Description: Cut back to the man in his living room, smiling as he uses his phone to navigate the website.
Narrator: Go to mycanadalifeatwork.com to get started.
Description: Words “Go to mycanadalifeatwork.com to get started.” appears with Canada Life logo and legal lines: Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402
Description: This video uses footage of a plan member and the My Canada Life at Work website to show how to register for your savings plans.
Narrator: Registering for My Canada Life at Work takes just a few minutes.
Description: A man sits on a couch while typing on his laptop in the living room.
Narrator: Go to mycanadalifeatwork.com
Description: Cut to the “Sign in” page
of the My Canada Life at Work website displayed on a laptop screen.
Narrator: And click “Register.”
Description: The camera zooms into the screen as a cursor enters the frame and selects the “Register” button.
Narrator: Then select “Savings” to manage your savings plans.
Description: The “Register” page is shown and the “Select” button is clicked underneath the “Savings” section.
Narrator: Enter your plan or policy and certificate numbers you received from your plan administrator, then choose “Next.”
Description: The numbers are entered in the form fields. The “Next” button is clicked.
Narrator: Now enter your first and last name as they appear in your statement.
Description: The “Account registration” page is shown. A progress bar with “Step 1 of 5” appears. The member’s first and last name are entered in the “Personal information” section.
Narrator: Next, you’ll add your personal email address and a password you’ll always use to sign in.
Description: Under “Sign in details,” the member’s email address and password are entered. They confirm their password then click “Register.”
Narrator: We’ll email you to make sure we got it right.
Description: Cut back to the man in his living room, browsing on his phone. A notification enters the frame with a mail icon that reads: “New message” and “Welcome to Canada Life.”
Narrator: After you confirm, you can sign in and complete your account setup.
Description: Cut to a confirmation page. The member signs in using their email address and password. They click “Sign in.”
Narrator: So we can verify your identity, enter a few more of your personal details, then click “Next.”
Description: The page returns to the account registration process. “Step 3 of 5” is displayed. The member scrolls down to the “Verify your identity” section and enters their birthdate, first name, last name and postal code. The “Next” button is clicked.
Narrator: Here you can let us know if we can use your social insurance number for our records.
Description: The progress bar advances to “Step 4 of 5.” The member clicks the check box to consent to using their social insurance number for tax reporting.
Narrator: You can connect with us about making the most of your group plan and reaching your financial and well-being goals.
Description: The cursor clicks a second check box to agree to promotions and marketing materials from Canada Life. The “Next” button is clicked.
Narrator: Finally, to keep your account extra safe, you can use two-step verification.
Description: The progress bar advances to “Step 5 of 5.” The member is prompted to turn on two-step verification. A radio button beside “Yes” is clicked.
Narrator: If you do, we’ll send you a five-digit code every time you sign in or change your password.
Description: The camera zooms out to display the page on a laptop. A phone enters the frame with a new notification: “New message from Canada Life.”
Narrator: That’s it.
Description: The My Canada Life at Work dashboard appears on the laptop and phone.
Narrator: Now you’re ready to use My Canada Life at Work for your savings plans.
Description: Cut back to the man in his living room, smiling as he uses his phone to navigate the website.
Narrator: Go to mycanadalifeatwork.com to get started.
Description: Words “Go to mycanadalifeatwork.com to get started.” appears with Canada Life logo and legal lines: Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402
Find out how a budget can help you track your income, spending and saving. Your net worth can help you make sure you’re progressing to meet your goals. Visit www.canlife.co/wellbeing to create your own budget and calculate your net worth.
Description: This video combines footage of Canadians with illustrated graphics to explain how a budget and your net worth can help you plan for the future.
Narrator: One way you can make the most of every dollar is to create a budget.
Description: A young couple sits at their kitchen table reviewing their finances. A laptop sits between them.
Narrator: It helps you track all your monthly income, spending and saving.
Description: Cut to a wider shot of the couple.
Narrator: It can help you separate the things you need to pay for – groceries, taxes and a place to live
Description: Text “Things you need to pay for” appears, followed by illustrations: a bag of food for groceries, a paper with a percentage sign for taxes and a house for a place to live.
Narrator: From the things you’d like to buy – a new vehicle, restaurant meal or dream vacation.
Description: The frame divides in half. Text “Things you’d like to buy” appears, followed by illustrations: a set of keys for a new vehicle, a plate and silverware for a restaurant meal and a tropical drink for a dream vacation.
Narrator: By creating a budget and sticking to it
Description: Cut to a document with monthly expenses and costs listed.
Narrator: You can set yourself a weekly spending allowance
Description: Text “Weekly spending allowance” appears with an illustration of a bill.
Narrator: Allot money to important goals,
Description: Text “Important goals” appears with an illustration of an airplane.
Narrator: see your progress
Description: Text “See your progress” appears with an illustration of a financial statement.
Narrator: and stay motivated to achieve them.
Description: Text “Stay motivated” appears with an illustration of a thumbs up.
Narrator: And create an emergency fund to handle an unexpected cash crunch.
Description: An illustration of a piggy bank appears with a list of emergency expenses: “Car repairs,” “Medical expense,” “Short-term injury” and “Home repairs.”
Narrator: You can also see where you can save money now, so you can spend it later.
Description: Cut to a woman walking with her suitcase on a European vacation.
Narrator: Using a budget is a great way to help grow your net worth
Description: Text “What you own -
What you owe = Net worth” appears.
Narrator: which is a snapshot of how much money you’d be worth if you sold everything you own and paid off all your debts.
Description: The frame divides into two lists, “What you own” and “What you owe.”
Narrator: Comparing your net worth every year can show you how well you’re doing.
Description: Cut to a line graph of net worth that increases from “Present” to “Future.”
Narrator: The money you save today can help you feel more confident about your future.
Description: Cut to a young woman meditating in a yoga class.
Narrator: To learn more about budgeting and creating your own, visit canlife.co/wellbeing.
Description: Text “To learn more about budgeting and creating your own, visit canlife.co/wellbeing” appears with Canada Life logo and legal line: Canada Life and design are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402.
Description: This video combines footage of Canadians with illustrated graphics to explain how a budget and your net worth can help you plan for the future.
Narrator: One way you can make the most of every dollar is to create a budget.
Description: A young couple sits at their kitchen table reviewing their finances. A laptop sits between them.
Narrator: It helps you track all your monthly income, spending and saving.
Description: Cut to a wider shot of the couple.
Narrator: It can help you separate the things you need to pay for – groceries, taxes and a place to live
Description: Text “Things you need to pay for” appears, followed by illustrations: a bag of food for groceries, a paper with a percentage sign for taxes and a house for a place to live.
Narrator: From the things you’d like to buy – a new vehicle, restaurant meal or dream vacation.
Description: The frame divides in half. Text “Things you’d like to buy” appears, followed by illustrations: a set of keys for a new vehicle, a plate and silverware for a restaurant meal and a tropical drink for a dream vacation.
Narrator: By creating a budget and sticking to it
Description: Cut to a document with monthly expenses and costs listed.
Narrator: You can set yourself a weekly spending allowance
Description: Text “Weekly spending allowance” appears with an illustration of a bill.
Narrator: Allot money to important goals,
Description: Text “Important goals” appears with an illustration of an airplane.
Narrator: see your progress
Description: Text “See your progress” appears with an illustration of a financial statement.
Narrator: and stay motivated to achieve them.
Description: Text “Stay motivated” appears with an illustration of a thumbs up.
Narrator: And create an emergency fund to handle an unexpected cash crunch.
Description: An illustration of a piggy bank appears with a list of emergency expenses: “Car repairs,” “Medical expense,” “Short-term injury” and “Home repairs.”
Narrator: You can also see where you can save money now, so you can spend it later.
Description: Cut to a woman walking with her suitcase on a European vacation.
Narrator: Using a budget is a great way to help grow your net worth
Description: Text “What you own -
What you owe = Net worth” appears.
Narrator: which is a snapshot of how much money you’d be worth if you sold everything you own and paid off all your debts.
Description: The frame divides into two lists, “What you own” and “What you owe.”
Narrator: Comparing your net worth every year can show you how well you’re doing.
Description: Cut to a line graph of net worth that increases from “Present” to “Future.”
Narrator: The money you save today can help you feel more confident about your future.
Description: Cut to a young woman meditating in a yoga class.
Narrator: To learn more about budgeting and creating your own, visit canlife.co/wellbeing.
Description: Text “To learn more about budgeting and creating your own, visit canlife.co/wellbeing” appears with Canada Life logo and legal line: Canada Life and design are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402.
Learn how to save more money for your retirement by earning return on your contributions.
Description: Tamira sits on her patio and opens her laptop.
Narrator: When it comes to saving
Description: Cut to view of laptop.
Narrator: Your contributions aren’t the only way your investments can grow.
Description: She reviews her group retirement and savings plan. The balance, contributions and growth are shown.
Narrator: You can also count on the returns on those contributions.
Description: Camera pans up to reveal a few bills of money as an initial contribution.
Narrator: Both your contributions and any earnings get reinvested.
Description: Camera zooms out. An arrow connects the bills to an investment graphic.
Narrator: Then anything you earn on that money is reinvested.
Description: A larger grouping of bills is connected to a second investment graphic.
Narrator: And anything you earn on that money is reinvested.
Description: A pile of money is connected. The pile is connected to the contribution. All graphics create a cycle.
Narrator: You’re making earnings on your earnings.
Description: Camera pans back to the initial bills shown. There is now a larger pile of money.
Narrator: This pattern is called compounding.
Description: The word “Compounding” appears onscreen.
Narrator: If you contribute to your savings monthly,
Description: Cut to bar graph showing yearly contributions over 5 years.
Narrator: watch how a 5% annual return on your investment
Description: 5% of earnings is added on top of each yearly contribution.
Narrator: will grow over 10, 15, 20 years and so on.
Description: Camera zooms out to as the graph extends to show contributions over 20 years.
Narrator: With compounding, you make so much more.
Description: 5% of earnings is added on top of each contribution from 6 to 20 years.
Narrator: The longer your money is invested, the more you earn over time.
Description: Camera pans to show total earnings of $203,729 over 20 years as a large number. Small text appears underneath: “$500 monthly with 5% annual earnings.”
Narrator: The key is to start saving early and maintain a long-term focus.
Description: The total moves over to the left side of the frame.
Narrator: An extra five years of saving and earning can make a big difference
Description: On the right, total earnings of $294,060 over 25 years is compared.
Narrator: So start investing now through your group retirement and savings plan.
Description: Cut to Tamira 5 years later, sitting on the patio of a coffee shop, looking at her phone.
Narrator: Make regular contributions and avoid taking money out.
Description: She receives a notification from her banking application that $500 has been sent to her savings plan.
Narrator: Then watch compounding help your money grow
Description: Cut to close up of her phone. Her overall investment growth is shown on a line graph.
Narrator: It’s an easy and powerful way to save for your future.
Description: Cut back to Tamira, talking to her partner on the patio.
Description: Text “Go to mycanadalifeatwork.com to sign in today.” appears with Canada Life logo and legal line: Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402.
Description: Tamira sits on her patio and opens her laptop.
Narrator: When it comes to saving
Description: Cut to view of laptop.
Narrator: Your contributions aren’t the only way your investments can grow.
Description: She reviews her group retirement and savings plan. The balance, contributions and growth are shown.
Narrator: You can also count on the returns on those contributions.
Description: Camera pans up to reveal a few bills of money as an initial contribution.
Narrator: Both your contributions and any earnings get reinvested.
Description: Camera zooms out. An arrow connects the bills to an investment graphic.
Narrator: Then anything you earn on that money is reinvested.
Description: A larger grouping of bills is connected to a second investment graphic.
Narrator: And anything you earn on that money is reinvested.
Description: A pile of money is connected. The pile is connected to the contribution. All graphics create a cycle.
Narrator: You’re making earnings on your earnings.
Description: Camera pans back to the initial bills shown. There is now a larger pile of money.
Narrator: This pattern is called compounding.
Description: The word “Compounding” appears onscreen.
Narrator: If you contribute to your savings monthly,
Description: Cut to bar graph showing yearly contributions over 5 years.
Narrator: watch how a 5% annual return on your investment
Description: 5% of earnings is added on top of each yearly contribution.
Narrator: will grow over 10, 15, 20 years and so on.
Description: Camera zooms out to as the graph extends to show contributions over 20 years.
Narrator: With compounding, you make so much more.
Description: 5% of earnings is added on top of each contribution from 6 to 20 years.
Narrator: The longer your money is invested, the more you earn over time.
Description: Camera pans to show total earnings of $203,729 over 20 years as a large number. Small text appears underneath: “$500 monthly with 5% annual earnings.”
Narrator: The key is to start saving early and maintain a long-term focus.
Description: The total moves over to the left side of the frame.
Narrator: An extra five years of saving and earning can make a big difference
Description: On the right, total earnings of $294,060 over 25 years is compared.
Narrator: So start investing now through your group retirement and savings plan.
Description: Cut to Tamira 5 years later, sitting on the patio of a coffee shop, looking at her phone.
Narrator: Make regular contributions and avoid taking money out.
Description: She receives a notification from her banking application that $500 has been sent to her savings plan.
Narrator: Then watch compounding help your money grow
Description: Cut to close up of her phone. Her overall investment growth is shown on a line graph.
Narrator: It’s an easy and powerful way to save for your future.
Description: Cut back to Tamira, talking to her partner on the patio.
Description: Text “Go to mycanadalifeatwork.com to sign in today.” appears with Canada Life logo and legal line: Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402.
All investments have risk, just some more than others. Manage your exposure by diversifying your investments across different levels of risk within your plan.
Description: Braelynn walks into her kitchen with a bag full of groceries. She sets them down on the counter.
Narrator: What kind of investor are you? Adventurous. Cautious. In between.
Description: She opens her cupboard and places three types of hot sauce on the shelf: hot, mild then medium in between.
Narrator: These are just some ways to express your comfort with investment risk.
Description: Camera zooms in on sauces.
Narrator: All investments have risk, some more than others.
Description: Cut to Braelynn, she stands and thinks.Narrator: One way to reduce risk is through diversification.
Description: “Diversification” appears onscreen.Narrator: That means spreading your money around in various investments.
Description: Cut to three pie graphs with investment graphics, each display a meter underneath to indicate a “Lower” or “Higher” amount of risk. Each graph is set to a low or medium level of risk.
Narrator: That way, if the market changes for one investment, you have other investments to keep you balanced.
Description: The investment in the middle becomes smaller and the risk level increases. The other two investments adjust to a lower risk to accommodate.
Narrator: If you think diversifying your investments is complicated, it doesn’t have to be.
Description: Camera pans down to reveal a large question mark, investments fall behind.
Narrator: This is where an asset allocation fund comes in.Description: A pie graph of an asset allocation fund appears. Investment graphics surround the graph
Narrator: An asset allocation fund automatically spreads your money amongst several funds, so they help manage risk.
Description: A dollar sign appears in the middle of the asset allocation fund. All investment graphics flip to show dollar signs.Narrator: You can choose from two different types of asset allocation funds.
Description: Cut to two squares with text in each: “Target date funds” and “Target risk funds”. A cursor enters the frame and clicks on “Target date funds.”
Narrator: Target date funds are based on the year you expect to retire.
Description: A pie graph appears, labelled “Target date funds” with a counter below. The counter rolls to 2050.
Narrator: Target risk funds are based on your comfort with risk.
Description: Five pie graphs appear, labelled “Target risk funds.” A meter appears below to indicate a “Lower” or “Higher” amount of risk.
The graphs are arranged from low to high risk: “Conservative,” “Moderate,” “Balanced,” “Advanced” and “Aggressive.”
Narrator: Not sure how comfortable you are with risk?Description: Cut to large question mark.
Narrator: Our investment personality questionnaire can help you figure that out.
Description: Cut to view of hands holding a tablet. The investment personality questionnaire is displayed.
Narrator: Now you can have a diversified investment portfolio that fits your needs and helps you reach your savings goals.
Description: Return to Braelynn in her kitchen, using the medium hot sauce to make dinner.Text “Go to mycanadalifeatwork.com to sign in today.” appears with Canada Life logo and legal line:Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402.
Description: Braelynn walks into her kitchen with a bag full of groceries. She sets them down on the counter.
Narrator: What kind of investor are you? Adventurous. Cautious. In between.
Description: She opens her cupboard and places three types of hot sauce on the shelf: hot, mild then medium in between.
Narrator: These are just some ways to express your comfort with investment risk.
Description: Camera zooms in on sauces.
Narrator: All investments have risk, some more than others.
Description: Cut to Braelynn, she stands and thinks.Narrator: One way to reduce risk is through diversification.
Description: “Diversification” appears onscreen.Narrator: That means spreading your money around in various investments.
Description: Cut to three pie graphs with investment graphics, each display a meter underneath to indicate a “Lower” or “Higher” amount of risk. Each graph is set to a low or medium level of risk.
Narrator: That way, if the market changes for one investment, you have other investments to keep you balanced.
Description: The investment in the middle becomes smaller and the risk level increases. The other two investments adjust to a lower risk to accommodate.
Narrator: If you think diversifying your investments is complicated, it doesn’t have to be.
Description: Camera pans down to reveal a large question mark, investments fall behind.
Narrator: This is where an asset allocation fund comes in.Description: A pie graph of an asset allocation fund appears. Investment graphics surround the graph
Narrator: An asset allocation fund automatically spreads your money amongst several funds, so they help manage risk.
Description: A dollar sign appears in the middle of the asset allocation fund. All investment graphics flip to show dollar signs.Narrator: You can choose from two different types of asset allocation funds.
Description: Cut to two squares with text in each: “Target date funds” and “Target risk funds”. A cursor enters the frame and clicks on “Target date funds.”
Narrator: Target date funds are based on the year you expect to retire.
Description: A pie graph appears, labelled “Target date funds” with a counter below. The counter rolls to 2050.
Narrator: Target risk funds are based on your comfort with risk.
Description: Five pie graphs appear, labelled “Target risk funds.” A meter appears below to indicate a “Lower” or “Higher” amount of risk.
The graphs are arranged from low to high risk: “Conservative,” “Moderate,” “Balanced,” “Advanced” and “Aggressive.”
Narrator: Not sure how comfortable you are with risk?Description: Cut to large question mark.
Narrator: Our investment personality questionnaire can help you figure that out.
Description: Cut to view of hands holding a tablet. The investment personality questionnaire is displayed.
Narrator: Now you can have a diversified investment portfolio that fits your needs and helps you reach your savings goals.
Description: Return to Braelynn in her kitchen, using the medium hot sauce to make dinner.Text “Go to mycanadalifeatwork.com to sign in today.” appears with Canada Life logo and legal line:Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402.
Learn how health and wealth consultants can help you enrol in your group plan, understand and take advantage of the features of your plan, set and reach wellness goals and explore the options that are right for you.
Narrator: In an automated world where interactions can feel like transactions and one size fits all solutions make you feel like a number.
At Canada Life we know it isn't your net worth that makes you worthy, and that your dreams are as unique as you are, that's why our plans include access to personalized advice. Our team of health and wealth consultants are licensed professionals here to help you unlock the potential of your plan, and make it easier for you to reach your goals. They're here for every step of your journey from enrollment to retirement. For the things you can plan for and for the things you can't. Health and wealth consultants can help you enrol in your group plan, understand and take advantage of the features of your plan, set and reach wellness goals, and explore the options that are right for you. No matter where you are, by phone or video call our health and wealth consultants are here to help. Book an appointment online to get started. Real people, real connections, real solutions. Canada Life.
Narrator: In an automated world where interactions can feel like transactions and one size fits all solutions make you feel like a number.
At Canada Life we know it isn't your net worth that makes you worthy, and that your dreams are as unique as you are, that's why our plans include access to personalized advice. Our team of health and wealth consultants are licensed professionals here to help you unlock the potential of your plan, and make it easier for you to reach your goals. They're here for every step of your journey from enrollment to retirement. For the things you can plan for and for the things you can't. Health and wealth consultants can help you enrol in your group plan, understand and take advantage of the features of your plan, set and reach wellness goals, and explore the options that are right for you. No matter where you are, by phone or video call our health and wealth consultants are here to help. Book an appointment online to get started. Real people, real connections, real solutions. Canada Life.
Learn different ways to help you grow your group savings plan faster. Get started at www.mycanadalifeatwork.com
Description: This video combines footage and illustrated graphics to show how to make the most of your group savings plan.
Narrator: With Canada Life, there are lots of ways you can make the most of your group savings plan.
Description: A young woman plants flowers in her front yard.
Narrator: Start by setting a retirement goal.
Description: Cut to the My Canada Life at Work dashboard. The camera pans to the “Retirement goals” section. “Set my goal” is clicked.
Narrator: Find out how much you’ll need to retire,
Description: The “Retirement plan calculator” opens and “Continue” is clicked.
Narrator: then track your progress. You can always update your goal as your life changes.
Description: The “Savings overview” section is shown and the “Update my goal” button is highlighted.
Narrator: Next, contribute as much as you can, when you can
Description: A vault enters the frame filled with coins.
Narrator: and take advantage of employer matching if it’s available.
Description: The vault is labelled “Individual plan.” A second vault enters the frame labelled “Group plan.”
Narrator: You can also transfer money from your individual investments to your group savings plan.
Description: Coins move into the group plan vault. A legal line appears: *If your plan allows. Check with your financial institution to see if any fees apply.
Narrator: Because it offers more competitive fees than individual savings plans.
Description: Large graphic “4%” and “3%” enter the frame. 4% is labelled with “Individual plan fees” and 3% with “Group plan fees.”
Narrator: Even 1% can make a big difference.
Description: A large “1%” appears.
Narrator: For example, over 25 years, $25,000 in your group savings plan saves over $14,000 more.
Description: The camera pans to reveal a bar graph showing $25,000 in an individual plan and $25,000 in a group plan. A bracket appears beside the group plan, showing a difference of $14,301.46. A legal line appears: *Assumes no further contributions for ease of calculation, interest on the initial investment compounded annually. Based on a 25-year investment at a group plan rate of return (which includes fees) of 4% and an individual savings rate of return (which includes fees) of 3%.
Narrator: As you progress, you can always increase your contributions through pre-authorized payments or online banking.
Description: The “Contributions” page on My Canada Life at Work is shown. “Edit amount” is clicked and the contribution amount is highlighted. A legal line appears: *If your plan allows.
Narrator: You can also take advantage of services like KOHO,
Description: The Koho and Canada Life logos enter the frame with a plus sign in-between.
Narrator: a no-fee, prepaid, reloadable credit card and app that gives you real-time insights and control over your spending – with added contribution and top-up options.
Description: The Koho credit card appears on the left side of the frame. A list of features animates on the right.
Narrator: If something unexpected happens, our credit counselling partners can help too.
Description: The Credit Counselling Society and Solve Your Debts.com logos are shown.
Narrator: And of course, you can reach out to our Canada Life member guides
Description: Cut to a member guide wearing a headset while typing on her computer.
Narrator: Who can assess your financial needs
Description: She smiles and nods her head.
Narrator: and help you make the most of your group savings plan.
Description: Return to the young woman watering a garden full of flowers.
Narrator: Visit mycanadalifeatwork.com to get started.
Description: Text “Visit mycanadalifeatwork.com to get started.” appears with the Canada Life logo and legal line: Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402
Description: This video combines footage and illustrated graphics to show how to make the most of your group savings plan.
Narrator: With Canada Life, there are lots of ways you can make the most of your group savings plan.
Description: A young woman plants flowers in her front yard.
Narrator: Start by setting a retirement goal.
Description: Cut to the My Canada Life at Work dashboard. The camera pans to the “Retirement goals” section. “Set my goal” is clicked.
Narrator: Find out how much you’ll need to retire,
Description: The “Retirement plan calculator” opens and “Continue” is clicked.
Narrator: then track your progress. You can always update your goal as your life changes.
Description: The “Savings overview” section is shown and the “Update my goal” button is highlighted.
Narrator: Next, contribute as much as you can, when you can
Description: A vault enters the frame filled with coins.
Narrator: and take advantage of employer matching if it’s available.
Description: The vault is labelled “Individual plan.” A second vault enters the frame labelled “Group plan.”
Narrator: You can also transfer money from your individual investments to your group savings plan.
Description: Coins move into the group plan vault. A legal line appears: *If your plan allows. Check with your financial institution to see if any fees apply.
Narrator: Because it offers more competitive fees than individual savings plans.
Description: Large graphic “4%” and “3%” enter the frame. 4% is labelled with “Individual plan fees” and 3% with “Group plan fees.”
Narrator: Even 1% can make a big difference.
Description: A large “1%” appears.
Narrator: For example, over 25 years, $25,000 in your group savings plan saves over $14,000 more.
Description: The camera pans to reveal a bar graph showing $25,000 in an individual plan and $25,000 in a group plan. A bracket appears beside the group plan, showing a difference of $14,301.46. A legal line appears: *Assumes no further contributions for ease of calculation, interest on the initial investment compounded annually. Based on a 25-year investment at a group plan rate of return (which includes fees) of 4% and an individual savings rate of return (which includes fees) of 3%.
Narrator: As you progress, you can always increase your contributions through pre-authorized payments or online banking.
Description: The “Contributions” page on My Canada Life at Work is shown. “Edit amount” is clicked and the contribution amount is highlighted. A legal line appears: *If your plan allows.
Narrator: You can also take advantage of services like KOHO,
Description: The Koho and Canada Life logos enter the frame with a plus sign in-between.
Narrator: a no-fee, prepaid, reloadable credit card and app that gives you real-time insights and control over your spending – with added contribution and top-up options.
Description: The Koho credit card appears on the left side of the frame. A list of features animates on the right.
Narrator: If something unexpected happens, our credit counselling partners can help too.
Description: The Credit Counselling Society and Solve Your Debts.com logos are shown.
Narrator: And of course, you can reach out to our Canada Life member guides
Description: Cut to a member guide wearing a headset while typing on her computer.
Narrator: Who can assess your financial needs
Description: She smiles and nods her head.
Narrator: and help you make the most of your group savings plan.
Description: Return to the young woman watering a garden full of flowers.
Narrator: Visit mycanadalifeatwork.com to get started.
Description: Text “Visit mycanadalifeatwork.com to get started.” appears with the Canada Life logo and legal line: Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402
Your RRSP is made for retirement. Try to find other ways in an emergency or to pay down debt.
Narrator: Sometimes emergency expenses pop up. Or you have debt you want to pay down.
Description: Gabriel is parked on the side of the road. He opens the roof of his station wagon. Smoke comes out.
Narrator: You might look at the money in your registered retirement savings plan (RRSP) as a way to take care of it.
Description: Text “Registered retirement savings plan” appears onscreen and shortens to “RRSP.” The RRSP is contained to a box.
Narrator: But, there are lots of reasons why you shouldn’t.
Description: The box fades and falls out of frame.
Narrator: Taking money out of your RRSP now means you'll have less money when you retire.
Description: A pie chart appears with a dollar sign. The dollar sign gets smaller as money is taken out.
Narrator: You'll miss out on the compound interest –
Description: Cut to a bar graph, a small amount of money is invested. Compound interest is added on top.
Narrator: That’s the snowball effect of earning interest on your initial investment, and then interest on your interest. It really adds up.
Description: The same amount of money is invested, and more interest is accumulated on top of the compounded interest. This pattern continues.
Narrator: Taking out $10,000 at age 37 could mean $51,000 less for your retirement.
Description: Cut to two stacks of money, one represents “Present day,” the other “Retirement.” Money is removed from the present stack, resulting in less money in the future stack. Legal line appears: Assumes retirement at age 65 and 6% interest rate.
Narrator: And then there’s taxes.
Description: Cut to a piece of paper with percentage sign.
Narrator: When you take money out of your RRSP, your financial institution withholds some of your money to pay the income tax on the withdrawal.
Description: Return to pie chart with dollar sign. The dollar sign gets smaller. Money withdrawn is morphs into dollar bill with a down arrow. A bank illustration appears.
Narrator: In some provinces, this can be up to 30%.
Description: Cut to map of Canada with text that reads 30% above.
Narrator: Then when you file your income taxes, you'll also have to claim the money you took out as income that year.
Description: Return to piece of paper with percentage sign. A coin represents income and morphs to a bill.
Narrator: Depending on your tax bracket, you may have to pay more in taxes than what was originally withheld.
Description: The bill transforms into three brackets. The first is filled in and labelled 15%, the second 20.5% and the third 26%. Legal line appears: Source: Canada Revenue Agency, Federal tax rates, provincial and territorial tax rates may also apply. For further information visit canada.ca.
Narrator: So, when you take money out of your RRSP early, you could lose more than you might think.
Description: Frame zooms out to view Gabriel’s phone and hands.
Narrator: Instead, leave your money invested and watch your savings grow.
Description: His hand swipes to reveal GRS Access “Plans” screen with RRSP fund.
Narrator: And if an expense pops up, or you want to pay down some debt, you can often find other ways to do it.
Description: He swipes again to reveal phone call interface. A call is made.
Narrator: Try to get in touch with your financial advisor, accountant or tax advisor,
Description: Return to Gabriel, talking on his phone and leaning on station wagon.
Narrator: or a credit counsellor for advice.
Description: Fade to “Visit canlife.co/impactofwithdrawals to see how early withdrawals could impact you.” with the Canada Life logo and legal line: “Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402.”
Narrator: Sometimes emergency expenses pop up. Or you have debt you want to pay down.
Description: Gabriel is parked on the side of the road. He opens the roof of his station wagon. Smoke comes out.
Narrator: You might look at the money in your registered retirement savings plan (RRSP) as a way to take care of it.
Description: Text “Registered retirement savings plan” appears onscreen and shortens to “RRSP.” The RRSP is contained to a box.
Narrator: But, there are lots of reasons why you shouldn’t.
Description: The box fades and falls out of frame.
Narrator: Taking money out of your RRSP now means you'll have less money when you retire.
Description: A pie chart appears with a dollar sign. The dollar sign gets smaller as money is taken out.
Narrator: You'll miss out on the compound interest –
Description: Cut to a bar graph, a small amount of money is invested. Compound interest is added on top.
Narrator: That’s the snowball effect of earning interest on your initial investment, and then interest on your interest. It really adds up.
Description: The same amount of money is invested, and more interest is accumulated on top of the compounded interest. This pattern continues.
Narrator: Taking out $10,000 at age 37 could mean $51,000 less for your retirement.
Description: Cut to two stacks of money, one represents “Present day,” the other “Retirement.” Money is removed from the present stack, resulting in less money in the future stack. Legal line appears: Assumes retirement at age 65 and 6% interest rate.
Narrator: And then there’s taxes.
Description: Cut to a piece of paper with percentage sign.
Narrator: When you take money out of your RRSP, your financial institution withholds some of your money to pay the income tax on the withdrawal.
Description: Return to pie chart with dollar sign. The dollar sign gets smaller. Money withdrawn is morphs into dollar bill with a down arrow. A bank illustration appears.
Narrator: In some provinces, this can be up to 30%.
Description: Cut to map of Canada with text that reads 30% above.
Narrator: Then when you file your income taxes, you'll also have to claim the money you took out as income that year.
Description: Return to piece of paper with percentage sign. A coin represents income and morphs to a bill.
Narrator: Depending on your tax bracket, you may have to pay more in taxes than what was originally withheld.
Description: The bill transforms into three brackets. The first is filled in and labelled 15%, the second 20.5% and the third 26%. Legal line appears: Source: Canada Revenue Agency, Federal tax rates, provincial and territorial tax rates may also apply. For further information visit canada.ca.
Narrator: So, when you take money out of your RRSP early, you could lose more than you might think.
Description: Frame zooms out to view Gabriel’s phone and hands.
Narrator: Instead, leave your money invested and watch your savings grow.
Description: His hand swipes to reveal GRS Access “Plans” screen with RRSP fund.
Narrator: And if an expense pops up, or you want to pay down some debt, you can often find other ways to do it.
Description: He swipes again to reveal phone call interface. A call is made.
Narrator: Try to get in touch with your financial advisor, accountant or tax advisor,
Description: Return to Gabriel, talking on his phone and leaning on station wagon.
Narrator: or a credit counsellor for advice.
Description: Fade to “Visit canlife.co/impactofwithdrawals to see how early withdrawals could impact you.” with the Canada Life logo and legal line: “Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402.”
Learn how rising prices affect your buying power when choosing your investments.
Description: This video uses animated graphics to show how inflation can affect the future performance of your investments.Narrator: Let’s talk about inflation
Description: Words “Let’s talk about inflation” appear onscreen.
Narrator: and why it impacts how you invest.
Description: “Inflation” remains onscreen and the words “impacts how you invest.” are added.
Narrator: Inflation is a term economists use to describe rising prices for goods and services.
Description: A line drawing of an open hand with a coin floating above appears.
Narrator: You know, things you buy every day,
Description: The coin starts to fall and the hand closes. The coin lands on the hand and the thumb pops up to flip the coin into the air.
Narrator: like groceries, gasoline, restaurant meals and clothing.
Description: The camera pans up to follow the coin. It lands in the middle of the frame. Illustrated graphics appear: a paper bag of food representing groceries, gas pump for gasoline, plate with fork and knife for restaurant meals and t-shirt on a hanger for clothing.
Narrator: As prices rise,
Description: The coin moves upward again, and the camera follows with an upward arrow.
Narrator: if your income doesn’t keep up,
Description: The coin slows in the air and the arrow curves and exits to the right of the frame, representing a declining investment.
Narrator: eventually, your buying power may go down.
Description: The coin lands on a line and continues to bounce to a stack of coins.
Narrator: When it comes to investing,
Description: It lands and spins on the top of the stack.
Narrator: and especially to the money you’re putting away for retirement, inflation is important.
Description: The coin rolls off the stack and bounces out of frame.
Narrator: Even with modest inflation, in 10,
Description: Words “in 10 years” appear onscreen. The illustrated graphics of groceries, gasoline, restaurant meals and clothing return.
Narrator: 20 or 30 years, the things you need to buy in retirement may be a lot more expensive than they are today.
Description: The number “10” counts up to “20” then “30.” As the number increases, dollar signs appear beside each graphic.
Narrator: So plan ahead.
Description: Words “Plan ahead” appear onscreen.
Narrator: Choose diversified investments to help counter inflation.
Description: The frame divides, an illustrated pie graph appears on the left and a bulleted list enters the frame on the right. The first bullet reads “Choose diversified investments.”
Narrator: Monitor your investments,
Description: On the left, an illustrated magnifying glass with an exclamation point appears. A second bullet that reads “Monitor your investments” is added to the list.
Narrator: and increase your contributions when you can.
Description: An illustrated stock graphic appears on the left. A third bullet that reads “Increase contributions” is added to the list.
Narrator: Planning for inflation today will help preserve your spending power for tomorrow.
Description: The line drawing of the open hand and coin returns. The coin falls and the hand catches it on the index finger.
Fade to Canada Life logo and legal line: “Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. canadalife.com 1-800-724-3402.”
Description: This video uses animated graphics to show how inflation can affect the future performance of your investments.Narrator: Let’s talk about inflation
Description: Words “Let’s talk about inflation” appear onscreen.
Narrator: and why it impacts how you invest.
Description: “Inflation” remains onscreen and the words “impacts how you invest.” are added.
Narrator: Inflation is a term economists use to describe rising prices for goods and services.
Description: A line drawing of an open hand with a coin floating above appears.
Narrator: You know, things you buy every day,
Description: The coin starts to fall and the hand closes. The coin lands on the hand and the thumb pops up to flip the coin into the air.
Narrator: like groceries, gasoline, restaurant meals and clothing.
Description: The camera pans up to follow the coin. It lands in the middle of the frame. Illustrated graphics appear: a paper bag of food representing groceries, gas pump for gasoline, plate with fork and knife for restaurant meals and t-shirt on a hanger for clothing.
Narrator: As prices rise,
Description: The coin moves upward again, and the camera follows with an upward arrow.
Narrator: if your income doesn’t keep up,
Description: The coin slows in the air and the arrow curves and exits to the right of the frame, representing a declining investment.
Narrator: eventually, your buying power may go down.
Description: The coin lands on a line and continues to bounce to a stack of coins.
Narrator: When it comes to investing,
Description: It lands and spins on the top of the stack.
Narrator: and especially to the money you’re putting away for retirement, inflation is important.
Description: The coin rolls off the stack and bounces out of frame.
Narrator: Even with modest inflation, in 10,
Description: Words “in 10 years” appear onscreen. The illustrated graphics of groceries, gasoline, restaurant meals and clothing return.
Narrator: 20 or 30 years, the things you need to buy in retirement may be a lot more expensive than they are today.
Description: The number “10” counts up to “20” then “30.” As the number increases, dollar signs appear beside each graphic.
Narrator: So plan ahead.
Description: Words “Plan ahead” appear onscreen.
Narrator: Choose diversified investments to help counter inflation.
Description: The frame divides, an illustrated pie graph appears on the left and a bulleted list enters the frame on the right. The first bullet reads “Choose diversified investments.”
Narrator: Monitor your investments,
Description: On the left, an illustrated magnifying glass with an exclamation point appears. A second bullet that reads “Monitor your investments” is added to the list.
Narrator: and increase your contributions when you can.
Description: An illustrated stock graphic appears on the left. A third bullet that reads “Increase contributions” is added to the list.
Narrator: Planning for inflation today will help preserve your spending power for tomorrow.
Description: The line drawing of the open hand and coin returns. The coin falls and the hand catches it on the index finger.
Fade to Canada Life logo and legal line: “Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. canadalife.com 1-800-724-3402.”
A registered education savings plan can help you save for a child’s future. Get started at www.mycanadalifeatwork.com.
Description: This animated video uses illustrated characters to show the lifelong journey of a family preparing their child for post-secondary education.
Narrator: One of a family’s proudest moments is seeing a child graduate.
Description: A married couple sits in the audience of an event. The husband takes a photo with his phone. Cut to a stage where their daughter is in a graduation gown, holding her diploma.
Narrator: But whether it’s university, college, trade school or apprenticeship, it’s likely to cost thousands of dollars.
Description: The camera zooms out to show the graduate in a circle. Another circle appears, revealing the daughter as college graduate. Another circle follows, where she is a skilled tradesperson. Three portraits are displayed.
Narrator: A registered education savings plan or RESP
Description: The words “Registered education savings plan” appear on screen.
Narrator: offers tax advantages and government incentives that help maximize your savings.
Description: Cut to a line graph of an RESP investment begins to grow over time.
Narrator: Plus, the money in a RESP grows tax-free until it’s withdrawn.
Description: As the savings increase over time, graphics of items needed for post-secondary appear: “Transportation,” “Textbooks,” “School supplies” and “Tuition fees.”
Narrator: By starting to invest in a Canada Life RESP today, you’ll pay generally lower investment fees
Description: The graph grows slightly higher to show savings from lower fees.
Narrator: than similar bank RESPs.
Description: The line on the graph continues. The camera follows as the line is revealed to be drawn by a toddler’s hand holding a crayon. A scribbled drawing is shown.
Narrator: That could help you save even more money, faster.
Description: Cut to the graduate shown as a toddler, sitting at the table with crayons in both hands. Her young parents look at her lovingly.
Narrator: Which will help your student stay focused on their future, and not on whether they can afford it.
Description: Time moves forward. The daughter is now a preteen. She sits at the kitchen table with a workbook in front of her. Her mother helps her with her homework. They smile at each other.
Narrator: You can quickly and easily set up a Canada Life RESP online.
Description: Time moves forward again. Now a young adult, the daughter waves goodbye from the driver’s seat of her car, packed for school. She slowly drives away, and her parents wave back from the front door of their home.
Narrator: Go to mycanadalifeatwork.com today to get started.
Description: Text “Go to mycanadalifeatwork.com today to get started.” appears with Canada Life logo and legal line: Canada Life, My Canada Life at Work and design are trademarks of The Canada Life Assurance Company. canadalife.com 1-800-724-3402
Description: This animated video uses illustrated characters to show the lifelong journey of a family preparing their child for post-secondary education.
Narrator: One of a family’s proudest moments is seeing a child graduate.
Description: A married couple sits in the audience of an event. The husband takes a photo with his phone. Cut to a stage where their daughter is in a graduation gown, holding her diploma.
Narrator: But whether it’s university, college, trade school or apprenticeship, it’s likely to cost thousands of dollars.
Description: The camera zooms out to show the graduate in a circle. Another circle appears, revealing the daughter as college graduate. Another circle follows, where she is a skilled tradesperson. Three portraits are displayed.
Narrator: A registered education savings plan or RESP
Description: The words “Registered education savings plan” appear on screen.
Narrator: offers tax advantages and government incentives that help maximize your savings.
Description: Cut to a line graph of an RESP investment begins to grow over time.
Narrator: Plus, the money in a RESP grows tax-free until it’s withdrawn.
Description: As the savings increase over time, graphics of items needed for post-secondary appear: “Transportation,” “Textbooks,” “School supplies” and “Tuition fees.”
Narrator: By starting to invest in a Canada Life RESP today, you’ll pay generally lower investment fees
Description: The graph grows slightly higher to show savings from lower fees.
Narrator: than similar bank RESPs.
Description: The line on the graph continues. The camera follows as the line is revealed to be drawn by a toddler’s hand holding a crayon. A scribbled drawing is shown.
Narrator: That could help you save even more money, faster.
Description: Cut to the graduate shown as a toddler, sitting at the table with crayons in both hands. Her young parents look at her lovingly.
Narrator: Which will help your student stay focused on their future, and not on whether they can afford it.
Description: Time moves forward. The daughter is now a preteen. She sits at the kitchen table with a workbook in front of her. Her mother helps her with her homework. They smile at each other.
Narrator: You can quickly and easily set up a Canada Life RESP online.
Description: Time moves forward again. Now a young adult, the daughter waves goodbye from the driver’s seat of her car, packed for school. She slowly drives away, and her parents wave back from the front door of their home.
Narrator: Go to mycanadalifeatwork.com today to get started.
Description: Text “Go to mycanadalifeatwork.com today to get started.” appears with Canada Life logo and legal line: Canada Life, My Canada Life at Work and design are trademarks of The Canada Life Assurance Company. canadalife.com 1-800-724-3402
Setting up automatic contributions can make saving simple and potentially help you reach your long-term investment goals sooner.
Narrator: Saving for something?
Description: Camera zooms out to reveal a single-storey house with a “For sale” sign.
Narrator: Well, to reach your goal sooner,
Description: A calendar enters the frame.
Narrator: Simply set up an automatic contribution,
Description: Money is invested on the 3rd and 17th day of each month.
Narrator: Choose your amount and how often you want to save it.
Description: The same amount is the next month.
Narrator: Your money flows easily into your savings,
Description: The pattern repeats every month.
Narrator: Is invested right away
Description: Return to the house.
Narrator: And with compounding, could grow more and more.
Description: A “Sold” sticker covers the “For sale” sign.
Narrator: So don’t put it off.
Description: A second storey, garage and landscaping are added.
Narrator: Because who wants to play catch up?
Description: A car drives into the garage.
Narrator: Save early, save often.
Description: The frame splits in half – with the house on the left side and “Save early, save often” appears on the right.
Narrator: Learn more at canadalife.com
Description: Frame fades to reveal “Learn more at canadalife.com” with Canada Life logo and legal line: Canada Life and design are trademarks of The Canada Life Assurance Company.
Narrator: Saving for something?
Description: Camera zooms out to reveal a single-storey house with a “For sale” sign.
Narrator: Well, to reach your goal sooner,
Description: A calendar enters the frame.
Narrator: Simply set up an automatic contribution,
Description: Money is invested on the 3rd and 17th day of each month.
Narrator: Choose your amount and how often you want to save it.
Description: The same amount is the next month.
Narrator: Your money flows easily into your savings,
Description: The pattern repeats every month.
Narrator: Is invested right away
Description: Return to the house.
Narrator: And with compounding, could grow more and more.
Description: A “Sold” sticker covers the “For sale” sign.
Narrator: So don’t put it off.
Description: A second storey, garage and landscaping are added.
Narrator: Because who wants to play catch up?
Description: A car drives into the garage.
Narrator: Save early, save often.
Description: The frame splits in half – with the house on the left side and “Save early, save often” appears on the right.
Narrator: Learn more at canadalife.com
Description: Frame fades to reveal “Learn more at canadalife.com” with Canada Life logo and legal line: Canada Life and design are trademarks of The Canada Life Assurance Company.
From borrowing money for a down payment to furthering your education, you can do more with an RRSP than just save for retirement.
Narrator: You may have heard that RRSPs were just for retirement.
Description: The question “Are RRSPs just for retirement?” appears.
Narrator: But did you know an RRSP can help you fund full-time continued education
Description: A graduation cap flies into frame. A legal line appears below: “Money can be borrowed up to a maximum amount.”
Narrator: through the Lifelong Learning Plan.
Description: Cap moves out of frame. Words appear: “Lifelong Learning Plan.”
Narrator: And, if you’re looking to buy your first home,
Description: A line is drawn across the frame, a single story house rises from the line.
Narrator: you can use the Home Buyers’ Plan to borrow money from your RRSP to put towards your down-payment.
Description: The words “First-time homebuyer” moves into frame above house. A “For sale” sign is built in front.
Narrator: Whatever you use the money for, you won’t be taxed on it
Description: A paper with a percentage sign (taxes) moves into frame. A portion of the paper is cut with a scissors.
Narrator: As long as you pay the money back within the time limit outlined by the plan.
Description: Two boxes move into frame. The left displays a house graphic with labels: “15 years” and “Home Buyers’ Plan.” The right displays a stack of books with labels: “10 years” and “Lifelong Learning Plan.” A legal line appears below: You must fill out the proper forms and pay the money back within a given period of time.
Narrator: An advisor can also help figure out if you qualify.
Description: Boxes move out of frame. Two hands move in and clasp to handshake.
Narrator: Learn more at canadalife.com
Description: Hands move out of frame to reveal “Learn more at canadalife.com” with Canada Life logo and legal line: Canada Life and design are trademarks of The Canada Life Assurance Company.
Narrator: You may have heard that RRSPs were just for retirement.
Description: The question “Are RRSPs just for retirement?” appears.
Narrator: But did you know an RRSP can help you fund full-time continued education
Description: A graduation cap flies into frame. A legal line appears below: “Money can be borrowed up to a maximum amount.”
Narrator: through the Lifelong Learning Plan.
Description: Cap moves out of frame. Words appear: “Lifelong Learning Plan.”
Narrator: And, if you’re looking to buy your first home,
Description: A line is drawn across the frame, a single story house rises from the line.
Narrator: you can use the Home Buyers’ Plan to borrow money from your RRSP to put towards your down-payment.
Description: The words “First-time homebuyer” moves into frame above house. A “For sale” sign is built in front.
Narrator: Whatever you use the money for, you won’t be taxed on it
Description: A paper with a percentage sign (taxes) moves into frame. A portion of the paper is cut with a scissors.
Narrator: As long as you pay the money back within the time limit outlined by the plan.
Description: Two boxes move into frame. The left displays a house graphic with labels: “15 years” and “Home Buyers’ Plan.” The right displays a stack of books with labels: “10 years” and “Lifelong Learning Plan.” A legal line appears below: You must fill out the proper forms and pay the money back within a given period of time.
Narrator: An advisor can also help figure out if you qualify.
Description: Boxes move out of frame. Two hands move in and clasp to handshake.
Narrator: Learn more at canadalife.com
Description: Hands move out of frame to reveal “Learn more at canadalife.com” with Canada Life logo and legal line: Canada Life and design are trademarks of The Canada Life Assurance Company.
Starting early is a great way to reach your long-term investment goals with the help of compound interest.
Narrator: Want to achieve your financial goals faster?
Description: A trowel scoops a seed into a pile of dirt. The frame splits in half. The left side shows saving $500/month at age 25. The right side is later, $1000/month at age 45.
Narrator: Then why not start saving money today.
Description: A watering can is lifted and waters the seed. The trowel covers the seed.
Narrator: Because, the sooner you start putting it away
Description: A calendar enters the frame, with the same amount invested on the first day of each month.
Narrator: The sooner your money can grow*
Description: The split frame with the two seeds returns. On the left side a tree starts to grow as the age increases from 25 to 45. A legal line appears: “$500 invested on the first day of every month over 40 years. 6% annual rate of return, compounded monthly. Segregated fund and/or mutual fund fees will lower your rate of return.”
Narrator: thanks to earnings that can compound over time.
Description: A tree also starts to grow on the right side at age 45. Both sides finish growing at age 65. A legal line appears: “$1000 invested on the first day of every month over 20 years. 6% annual rate of return, compounded monthly. Segregated fund and/or mutual fund fees will lower your rate of return.”
Narrator: Before you know it, you’ll be closer to achieving your goals, than if you’d waited.
Description: The tree on the left side is bountiful, saving $1,000,724. The tree on the right is much smaller, saving $464,351.
Narrator: Save early, save often.
Description: The tree on the right moves out of frame. Text “Save early, save often.” appears.
Narrator: Learn more at canadalife.com
Description: Frame fades to reveal “Learn more at canadalife.com” with Canada Life logo and legal line: Canada Life and design are trademarks of The Canada Life Assurance Company.
Narrator: Want to achieve your financial goals faster?
Description: A trowel scoops a seed into a pile of dirt. The frame splits in half. The left side shows saving $500/month at age 25. The right side is later, $1000/month at age 45.
Narrator: Then why not start saving money today.
Description: A watering can is lifted and waters the seed. The trowel covers the seed.
Narrator: Because, the sooner you start putting it away
Description: A calendar enters the frame, with the same amount invested on the first day of each month.
Narrator: The sooner your money can grow*
Description: The split frame with the two seeds returns. On the left side a tree starts to grow as the age increases from 25 to 45. A legal line appears: “$500 invested on the first day of every month over 40 years. 6% annual rate of return, compounded monthly. Segregated fund and/or mutual fund fees will lower your rate of return.”
Narrator: thanks to earnings that can compound over time.
Description: A tree also starts to grow on the right side at age 45. Both sides finish growing at age 65. A legal line appears: “$1000 invested on the first day of every month over 20 years. 6% annual rate of return, compounded monthly. Segregated fund and/or mutual fund fees will lower your rate of return.”
Narrator: Before you know it, you’ll be closer to achieving your goals, than if you’d waited.
Description: The tree on the left side is bountiful, saving $1,000,724. The tree on the right is much smaller, saving $464,351.
Narrator: Save early, save often.
Description: The tree on the right moves out of frame. Text “Save early, save often.” appears.
Narrator: Learn more at canadalife.com
Description: Frame fades to reveal “Learn more at canadalife.com” with Canada Life logo and legal line: Canada Life and design are trademarks of The Canada Life Assurance Company.
Learn how these funds help you easily invest for retirement and adjust automatically as you age.
Narrator: We’ve made it simple to start investing for your retirement.
Description: Monique is sitting on the couch in her living room with family, using her tablet.
Narrator: With our target date funds, all you need to do is decide when you want to retire, then select the fund closest to that year.
Description: Cut to view of the tablet. She swipes up to reveal a calendar. The calendar cycles through each year and lands on 2048.
Narrator: Let’s say you want to retire in 2048. You’d choose our 2050 target date fund.
Description: Cut to a pie chart of 2050 target date fund.
Narrator: Over the next few decades, the fund will gradually change from higher-risk to lower-risk investments.
Description: The pie chart moves to accommodate changes in risk type.
Narrator: For example, while you're still in your 30s, the fund uses higher-risk investments to help maximize growth.
Description: Cut to two line graphs, one for risk, the other for return. Age is shown from 30 to 65.
Narrator: As you get closer to your retirement, the fund uses more lower-risk investments to help protect your savings if the market falls.
Description: Both graphs start high then lower as age increases.
Narrator: A target date fund is a simple, hands-free approach to retirement savings.
Description: The frame zooms out to view Monique’s tablet and hands. Her hand swipes to reveal the My Canada Life at Work “Plans” screen with an RPP fund.
Narrator: You’ll get a mix of different investments and professional management, in one fund.
Description: She scrolls down to reveal asset mixes.
Narrator: It's practically effortless. Just choose one and relax.
Description: Return to Monique in her living room with family. She looks up from her tablet and smiles. Text “Go to mycanadalifeatwork.com to sign in today.” appears with Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402.
Narrator: We’ve made it simple to start investing for your retirement.
Description: Monique is sitting on the couch in her living room with family, using her tablet.
Narrator: With our target date funds, all you need to do is decide when you want to retire, then select the fund closest to that year.
Description: Cut to view of the tablet. She swipes up to reveal a calendar. The calendar cycles through each year and lands on 2048.
Narrator: Let’s say you want to retire in 2048. You’d choose our 2050 target date fund.
Description: Cut to a pie chart of 2050 target date fund.
Narrator: Over the next few decades, the fund will gradually change from higher-risk to lower-risk investments.
Description: The pie chart moves to accommodate changes in risk type.
Narrator: For example, while you're still in your 30s, the fund uses higher-risk investments to help maximize growth.
Description: Cut to two line graphs, one for risk, the other for return. Age is shown from 30 to 65.
Narrator: As you get closer to your retirement, the fund uses more lower-risk investments to help protect your savings if the market falls.
Description: Both graphs start high then lower as age increases.
Narrator: A target date fund is a simple, hands-free approach to retirement savings.
Description: The frame zooms out to view Monique’s tablet and hands. Her hand swipes to reveal the My Canada Life at Work “Plans” screen with an RPP fund.
Narrator: You’ll get a mix of different investments and professional management, in one fund.
Description: She scrolls down to reveal asset mixes.
Narrator: It's practically effortless. Just choose one and relax.
Description: Return to Monique in her living room with family. She looks up from her tablet and smiles. Text “Go to mycanadalifeatwork.com to sign in today.” appears with Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402.
Learn how to invest for retirement based on your comfort with risk.
Description: The back of a house is shown with a door and steps to the yard. Two open hands move in, framing the house.
Narrator: If you want your savings to grow, you usually need to take on some kind of risk.
Description: Daniel stands in his yard sketching on a clipboard.
Narrator: The trick is to find investments that match your comfort with risk.
Description: Cut to view of clipboard. He finishes his sketch of a new deck at the back of the house.
Narrator: Target risk funds can help you do that.
Description: Words “Target risk funds” appear onscreen.
Narrator: Each fund includes a unique mix of different types of investments.
Description: Five pie graphs appear. The graphs are arranged from low to high risk: “Conservative,” “Moderate,” “Balanced,” “Advanced” and “Aggressive.” A meter appears below to indicate a “Lower” or “Higher” amount of risk.
Narrator: For example, a conservative risk fund might focus on bonds and real estate.
Description: Camera zooms in on the “Conservative” risk fund. Investment graphics appear beside to represent bonds and real estate.
Narrator: That’s because these types of investments tend to provide a return that’s more consistent and less volatile.
Description: Camera pans to a graph of stock market fluctuations over time. The gradual growth of the “Conservative” risk fund is shown. A pile of money below the graph becomes larger as time progresses.
Narrator: On the other end of the scale is an aggressive risk fund, that would focus more on equities (or stocks).
Description: Camera pans back to the “Conservative” risk fund, moves past the “Moderate,” “Balanced” and “Advanced” graphs to the “Aggressive” risk fund. Investment graphics appear beside to represent stocks.
Narrator: Returns on these types of funds go up and down with the markets. You can make a lot or lose a lot in a short time frame.
Description: Camera pans back to the graph of stock market fluctuations. The pile of money below the graph gains or loses money as time progresses.
Narrator: To help manage risk, our investment managers spread each fund’s investments across different industries, countries, and groupings of investments with similar characteristics, laws and regulations.
Description: Investment graphics fill the frame. The investment manager’s hand moves in and five investments are chosen to build a fund.
Narrator: When returns for one type of investment are down, others tend to be up.
Description: Two of the investments become smaller and the others get larger. The hand replaces the smaller investments.
Narrator: The managers rebalance each fund to keep it within its specific target risk level.
Description: The five investments line up and two meters are displayed below, indicating a “Lower” or “Higher” amount of risk and a “Lower” or “Higher” return. The fund’s risk and return are set.
Narrator: Complete our investment personality questionnaire to find out how much risk you’re comfortable with.
Description: Cut to Daniel on his laptop at home.
Narrator: Once you know, it's easy to pick your matching target risk fund.
Description: The investment personality questionnaire is displayed on the laptop. He calculates his points from each section.
Narrator: And remember, as your life changes, your investment personality may change with it.
Description: Cut to Daniel outside in the summer, building the foundation for his deck. A “Conservative” risk fund is displayed.
Narrator: When that happens, you can just switch to a different target risk fund.
Description: Cut back to him in the winter, building the deck railing. A “Balanced” risk fund is displayed.
Narrator: What an easy, hands-off approach to investing.
Description: Daniel and his family are shown, enjoying the finished deck in the summer.
Narrator: Want to learn more about target risk funds?
Description: Camera pans. Text “Go to mycanadalifeatwork.com to sign in today.” appears with Canada Life logo and legal line: Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402.
Description: The back of a house is shown with a door and steps to the yard. Two open hands move in, framing the house.
Narrator: If you want your savings to grow, you usually need to take on some kind of risk.
Description: Daniel stands in his yard sketching on a clipboard.
Narrator: The trick is to find investments that match your comfort with risk.
Description: Cut to view of clipboard. He finishes his sketch of a new deck at the back of the house.
Narrator: Target risk funds can help you do that.
Description: Words “Target risk funds” appear onscreen.
Narrator: Each fund includes a unique mix of different types of investments.
Description: Five pie graphs appear. The graphs are arranged from low to high risk: “Conservative,” “Moderate,” “Balanced,” “Advanced” and “Aggressive.” A meter appears below to indicate a “Lower” or “Higher” amount of risk.
Narrator: For example, a conservative risk fund might focus on bonds and real estate.
Description: Camera zooms in on the “Conservative” risk fund. Investment graphics appear beside to represent bonds and real estate.
Narrator: That’s because these types of investments tend to provide a return that’s more consistent and less volatile.
Description: Camera pans to a graph of stock market fluctuations over time. The gradual growth of the “Conservative” risk fund is shown. A pile of money below the graph becomes larger as time progresses.
Narrator: On the other end of the scale is an aggressive risk fund, that would focus more on equities (or stocks).
Description: Camera pans back to the “Conservative” risk fund, moves past the “Moderate,” “Balanced” and “Advanced” graphs to the “Aggressive” risk fund. Investment graphics appear beside to represent stocks.
Narrator: Returns on these types of funds go up and down with the markets. You can make a lot or lose a lot in a short time frame.
Description: Camera pans back to the graph of stock market fluctuations. The pile of money below the graph gains or loses money as time progresses.
Narrator: To help manage risk, our investment managers spread each fund’s investments across different industries, countries, and groupings of investments with similar characteristics, laws and regulations.
Description: Investment graphics fill the frame. The investment manager’s hand moves in and five investments are chosen to build a fund.
Narrator: When returns for one type of investment are down, others tend to be up.
Description: Two of the investments become smaller and the others get larger. The hand replaces the smaller investments.
Narrator: The managers rebalance each fund to keep it within its specific target risk level.
Description: The five investments line up and two meters are displayed below, indicating a “Lower” or “Higher” amount of risk and a “Lower” or “Higher” return. The fund’s risk and return are set.
Narrator: Complete our investment personality questionnaire to find out how much risk you’re comfortable with.
Description: Cut to Daniel on his laptop at home.
Narrator: Once you know, it's easy to pick your matching target risk fund.
Description: The investment personality questionnaire is displayed on the laptop. He calculates his points from each section.
Narrator: And remember, as your life changes, your investment personality may change with it.
Description: Cut to Daniel outside in the summer, building the foundation for his deck. A “Conservative” risk fund is displayed.
Narrator: When that happens, you can just switch to a different target risk fund.
Description: Cut back to him in the winter, building the deck railing. A “Balanced” risk fund is displayed.
Narrator: What an easy, hands-off approach to investing.
Description: Daniel and his family are shown, enjoying the finished deck in the summer.
Narrator: Want to learn more about target risk funds?
Description: Camera pans. Text “Go to mycanadalifeatwork.com to sign in today.” appears with Canada Life logo and legal line: Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402.
Did you know that contributing to an RRSP can lower your annual income tax? The tax benefits of an RRSP are better than you might think.
Narrator: You may have heard that RRSPs are taxable in retirement.
Description: The question “ Are RRSPs taxable in retirement? ” appears.
Narrator: That’s true!
Description: A thumbs up moves into frame.
Narrator: But think about this.
Description: Thumb moves out of frame. An egg in a nest appears.
Narrator: When you contribute to an RRSP,
Description: Coins fall into nest.
Narrator: you may pay less tax at the end of the year,
Description: A hand types on a calculator. A paper is printed from the calculator.
Narrator: Which helps you save money today.
Description: The paper becomes a calendar.
Narrator: Now let’s fast forward to the future.
Description: The calendar flips.
Narrator: Once you retire and withdrawal savings from your RRSP, your income will likely be less than it is today.
Description: A lake scene is revealed. A dock with muskoka chair and small table with lemonade moves into frame.
Narrator: That means your tax rates will be lower on those withdrawals –
Description: Camera pans to the left, coins bounce into frame and land on a piece of paper with a percentage.
Narrator: so you won’t pay as much tax as you might think.
Description: An arrow appears from below the paper and moves out of frame. The camera follows and the arrow lands. More coins fall beside.
Narrator: Learn more at canadalife.com
Description: Frame fades to reveal “Learn more at canadalife.com” with Canada Life logo and legal line: Canada Life and design are trademarks of The Canada Life Assurance Company.
Narrator: You may have heard that RRSPs are taxable in retirement.
Description: The question “ Are RRSPs taxable in retirement? ” appears.
Narrator: That’s true!
Description: A thumbs up moves into frame.
Narrator: But think about this.
Description: Thumb moves out of frame. An egg in a nest appears.
Narrator: When you contribute to an RRSP,
Description: Coins fall into nest.
Narrator: you may pay less tax at the end of the year,
Description: A hand types on a calculator. A paper is printed from the calculator.
Narrator: Which helps you save money today.
Description: The paper becomes a calendar.
Narrator: Now let’s fast forward to the future.
Description: The calendar flips.
Narrator: Once you retire and withdrawal savings from your RRSP, your income will likely be less than it is today.
Description: A lake scene is revealed. A dock with muskoka chair and small table with lemonade moves into frame.
Narrator: That means your tax rates will be lower on those withdrawals –
Description: Camera pans to the left, coins bounce into frame and land on a piece of paper with a percentage.
Narrator: so you won’t pay as much tax as you might think.
Description: An arrow appears from below the paper and moves out of frame. The camera follows and the arrow lands. More coins fall beside.
Narrator: Learn more at canadalife.com
Description: Frame fades to reveal “Learn more at canadalife.com” with Canada Life logo and legal line: Canada Life and design are trademarks of The Canada Life Assurance Company.
Find out how to plan for your future with a group savings plan (RSP). Go to www.mycanadalifeatwork.com to get started or learn more from our tools and resources at www.canlife.co/wellbeing.
Description: This animated video uses a character, illustrations and graphs to show how to save with a group savings plan.
Narrator: Joining your group savings plan is an easy way to save for your future
Description: Brittany relaxes in an armchair, looking at a coin. She flips the coin in the air.
Narrator: and it can help you pay less income tax today.
Description: The coin lands beside a paper with a percentage sign.
Narrator: That’s because you won’t pay tax on your contributions until you take them out later in life
Description: A portion of the paper is cut with scissors.
Narrator: when your income and tax rate will likely be lower.
Description: Cut to line graph showing age from 20 to 90. Income rises until retirement at 65, then decreases.
Narrator: By contributing through automatic payroll deduction, you can also benefit from dollar-cost averaging.
Description: A monthly calendar draws into the frame with a day to contribute marked with a dollar sign.
Narrator: That’s when you invest the same amount of money on a regular basis, helping to reduce the impact of market ups and downs.
Description: Cut to a line graph showing savings growing steadily with a monthly contribution of $100. A wavy line appears behind, illustrating the changes in the stock market.
Narrator: You can also make lump-sum contributions through online banking or regular pre-authorized contributions if your plan allows.
Description: Cut to a view of Brittany’s laptop, displaying the “Contributions” page of the My Canada Life at Work website.
Narrator: With a group savings plan, you’ll typically pay lower fees for services needed to manage the fund
Description: Cut to illustrations of a down arrow beside a price tag with a percentage sign.
Narrator: than you would through a bank or other financial institution.
Description: They separate to show an illustration of a bank and commercial building with a line dividing them.
Narrator: The reason is those fees are shared among a large group, instead of paying them on your own.
Description: The line rotates to create a bar graph. An illustration of one person is compared to a group. The individual has higher fees.
Narrator: To learn how you make the most of your plan and save for the future that’s right for you,
Description: Return to Brittany in her armchair, tossing the coin in the air as she smiles.
Narrator: visit mycanadalifeatwork.com
Description: Text “Visit mycanadalifeatwork.com today.” appears with the Canada Life logo and legal line: “Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402.”
Description: This animated video uses a character, illustrations and graphs to show how to save with a group savings plan.
Narrator: Joining your group savings plan is an easy way to save for your future
Description: Brittany relaxes in an armchair, looking at a coin. She flips the coin in the air.
Narrator: and it can help you pay less income tax today.
Description: The coin lands beside a paper with a percentage sign.
Narrator: That’s because you won’t pay tax on your contributions until you take them out later in life
Description: A portion of the paper is cut with scissors.
Narrator: when your income and tax rate will likely be lower.
Description: Cut to line graph showing age from 20 to 90. Income rises until retirement at 65, then decreases.
Narrator: By contributing through automatic payroll deduction, you can also benefit from dollar-cost averaging.
Description: A monthly calendar draws into the frame with a day to contribute marked with a dollar sign.
Narrator: That’s when you invest the same amount of money on a regular basis, helping to reduce the impact of market ups and downs.
Description: Cut to a line graph showing savings growing steadily with a monthly contribution of $100. A wavy line appears behind, illustrating the changes in the stock market.
Narrator: You can also make lump-sum contributions through online banking or regular pre-authorized contributions if your plan allows.
Description: Cut to a view of Brittany’s laptop, displaying the “Contributions” page of the My Canada Life at Work website.
Narrator: With a group savings plan, you’ll typically pay lower fees for services needed to manage the fund
Description: Cut to illustrations of a down arrow beside a price tag with a percentage sign.
Narrator: than you would through a bank or other financial institution.
Description: They separate to show an illustration of a bank and commercial building with a line dividing them.
Narrator: The reason is those fees are shared among a large group, instead of paying them on your own.
Description: The line rotates to create a bar graph. An illustration of one person is compared to a group. The individual has higher fees.
Narrator: To learn how you make the most of your plan and save for the future that’s right for you,
Description: Return to Brittany in her armchair, tossing the coin in the air as she smiles.
Narrator: visit mycanadalifeatwork.com
Description: Text “Visit mycanadalifeatwork.com today.” appears with the Canada Life logo and legal line: “Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402.”
Learn how to choose between an annuity, RRIF or LIF when turning your retirement savings into retirement income. For more information or if you need help, talk to your advisor or visit www.canlife.co/connect to book an appointment with a Canada Life member guide.
Description: This video combines footage of a Canadian couple close to retirement with graphics and text to explain the differences between annuities, RRIFs and LIFs.
Narrator: If you’re retiring soon,
Description: A pre-retired woman sits on the back porch of her home reading a book. A lush garden appears in the distance.
Narrator: it’s time to think about turning your RRSP and pension savings into income.
Description: Cut to her smiling as she turns the page.
Narrator: There are three ways to do this - an annuity, a RRIF or a LIF.
Description: The frame divides in half and a bulleted list appears: “Annuity,” “Registered retirement income fund (RRIF)” and “Life income fund (LIF).”
Narrator: An annuity is a type of insurance policy you purchase with your retirement savings.
Description: Cut to an illustrated shield graphic with a checkmark inside to represent insurance. The camera zooms out and two stacks of money fade in.
Narrator: Based on the features you choose, your age and the interest rate when you buy your annuity,
Description: Three illustrated graphics animate into frame: A checklist to represent features, a birthday cake for age and a paper with percentage sign for interest rate.
Narrator: it provides guaranteed retirement income for the rest of your life and your spouse’s life.
Description: Cut to a horizontal bar graph showing income from “Retirement” to the remainder of a retiree’s “Lifetime.” As the bar fills in, dollar signs appear along each interval to show a consistent income.
Narrator: A RRIF or LIF gives you more control over your retirement income with potential for growth.
Description: The bar graph changes to show investment growth over time. Different dollar sign amounts appear to show a changing income.
Narrator: RRIFs are for savings currently in RRSPs.
Description: Cut to a chart labelled “RRIF” and “LIF.” “Savings currently in RRSPs” appears under “RRIF.”
Narrator: LIFs are for savings in locked-in RRSPs or a pension plan and have a minimum and maximum withdrawal limit per year.
Description: “Savings in locked-in RRSPs or a pension plan” and “Minimum and maximum withdrawal limit per year” appear under “LIF.”
Narrator: In both cases, you choose the investments and decide how much to withdraw, within limits.
Description: Cut to four pie graphs with investment graphics.
Narrator: How long your money lasts with a RRIF or LIF
Description: Return to the horizontal bar graph showing income from “Retirement” to the remainder of a retiree’s “Lifetime.”
Narrator: depends on how your investments perform and how much you withdraw.
Description: Two pie graphs shrink in size and the income recedes from “Lifetime.”
Narrator: Each year, annuity payments and RRIF or LIF withdrawals will be taxed as income.
Description: An illustrated graphic paper with percentage sign and dollar sign appears.
Narrator: Depending on your needs, a combination of an annuity and RRIF
Description: Two buttons with the words “Annuity” and “RRIF” appear with a plus sign in-between.
Narrator: or LIF can work.
Description: “RRIF” is swapped with “LIF.”
Narrator: But you have to turn your RRSPs and pension into income by the end of the year you turn 71.
Description: An outline of a circle with age 68 displayed in the middle. The circle fills in as age reaches 71.
Narrator: Ease into retirement and enjoy your hard-earned savings.
Description: Cut back to the pre-retired woman and her husband sitting on the back porch sipping coffee. Words “Visit canlife.co/retirementincome to learn more.” appear onscreen with Canada Life logo and legal lines: Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402.
Description: This video combines footage of a Canadian couple close to retirement with graphics and text to explain the differences between annuities, RRIFs and LIFs.
Narrator: If you’re retiring soon,
Description: A pre-retired woman sits on the back porch of her home reading a book. A lush garden appears in the distance.
Narrator: it’s time to think about turning your RRSP and pension savings into income.
Description: Cut to her smiling as she turns the page.
Narrator: There are three ways to do this - an annuity, a RRIF or a LIF.
Description: The frame divides in half and a bulleted list appears: “Annuity,” “Registered retirement income fund (RRIF)” and “Life income fund (LIF).”
Narrator: An annuity is a type of insurance policy you purchase with your retirement savings.
Description: Cut to an illustrated shield graphic with a checkmark inside to represent insurance. The camera zooms out and two stacks of money fade in.
Narrator: Based on the features you choose, your age and the interest rate when you buy your annuity,
Description: Three illustrated graphics animate into frame: A checklist to represent features, a birthday cake for age and a paper with percentage sign for interest rate.
Narrator: it provides guaranteed retirement income for the rest of your life and your spouse’s life.
Description: Cut to a horizontal bar graph showing income from “Retirement” to the remainder of a retiree’s “Lifetime.” As the bar fills in, dollar signs appear along each interval to show a consistent income.
Narrator: A RRIF or LIF gives you more control over your retirement income with potential for growth.
Description: The bar graph changes to show investment growth over time. Different dollar sign amounts appear to show a changing income.
Narrator: RRIFs are for savings currently in RRSPs.
Description: Cut to a chart labelled “RRIF” and “LIF.” “Savings currently in RRSPs” appears under “RRIF.”
Narrator: LIFs are for savings in locked-in RRSPs or a pension plan and have a minimum and maximum withdrawal limit per year.
Description: “Savings in locked-in RRSPs or a pension plan” and “Minimum and maximum withdrawal limit per year” appear under “LIF.”
Narrator: In both cases, you choose the investments and decide how much to withdraw, within limits.
Description: Cut to four pie graphs with investment graphics.
Narrator: How long your money lasts with a RRIF or LIF
Description: Return to the horizontal bar graph showing income from “Retirement” to the remainder of a retiree’s “Lifetime.”
Narrator: depends on how your investments perform and how much you withdraw.
Description: Two pie graphs shrink in size and the income recedes from “Lifetime.”
Narrator: Each year, annuity payments and RRIF or LIF withdrawals will be taxed as income.
Description: An illustrated graphic paper with percentage sign and dollar sign appears.
Narrator: Depending on your needs, a combination of an annuity and RRIF
Description: Two buttons with the words “Annuity” and “RRIF” appear with a plus sign in-between.
Narrator: or LIF can work.
Description: “RRIF” is swapped with “LIF.”
Narrator: But you have to turn your RRSPs and pension into income by the end of the year you turn 71.
Description: An outline of a circle with age 68 displayed in the middle. The circle fills in as age reaches 71.
Narrator: Ease into retirement and enjoy your hard-earned savings.
Description: Cut back to the pre-retired woman and her husband sitting on the back porch sipping coffee. Words “Visit canlife.co/retirementincome to learn more.” appear onscreen with Canada Life logo and legal lines: Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402.
A will and estate plan can make sure your wishes are taken care of after you die. Learn more: www.canadalife.com/investing-saving/estate-planning.html
Description: This video combines footage, text and illustrations to explain the importance of wills and estate planning.
Narrator: We’ve all heard about someone who’s “getting their affairs in order.” What they really mean is having an estate plan.
Description: A middle-aged woman puts on her glasses. She types on her laptop at the kitchen table.
Narrator: As part of a complete financial plan, an estate plan gives you a say about what happens to your assets after you pass.
Description: Text “An estate plan” fades into the frame.
Narrator: An estate plan does four important things.
Description: “An estate plan” moves to the left and shrinks. More text is added to read “An estate plan does 4 important things.”
Narrator: Help protect your assets.
Description: An illustration of a shield animates onto the frame with the text “Protect your assets” below it.
Narrator: Avoid family conflict.
Description: An illustration of two people talking animates onto the frame with the text “Avoid family conflict” below it. The previous illustration and text move to the left.
Narrator: Transfer your wealth without paying more in taxes and estate fees. This could include leaving assets to loved ones or a charity, cause or organization dear to you.
Description: An illustration of a hand passing money animates onto the frame with the text “Transfer your wealth” below it. Previous illustrations and text move left to accommodate.
Narrator: And pay off any unpaid debt when you die.
Description: A symbol of a person carrying a large credit card animates onto the frame with the text “Pay off unpaid debt” below it. The previous illustrations and text move left to accommodate.
Narrator: Your estate plan should include three things.
Description: The illustrations and text fade out of frame. Cut back to the woman in her kitchen making pancakes.
Narrator: A will that lets everyone know what you want to happen to your money, property and other assets after you pass. It can also define who cares for your children, or even your pet.
Description: On the left, text “A will” animates onto frame while the right shows a young boy cheerfully running behind his mother while she cooks. He grabs some fruit from a bowl then sits at the kitchen table with his older brother. The woman pours them a glass of orange juice.
Narrator: A power of attorney that gives one or more people the authority to make financial or medical decisions for you if you’re not capable due to an injury or illness.
Description: Text “A power of attorney” is added underneath “A will” to create a list on the left. A group of adults and children sit at a large table to share a meal. A bearded man tells a joke and everyone laughs.
Narrator: Named beneficiaries on your financial accounts and insurance policies so your assets will be distributed quickly after your death.
Description: Text “Named beneficiaries” is added to the list. The woman looks down and cuts a piece of apple pie. She carefully lifts it and places it onto the plate of one of the guests at the table.
Narrator: Lots of people think you only need an estate plan when you get older.
Description: A dice rolls into focus over a game board.
Narrator: However, because the unexpected could happen anytime, every adult should have one.
Description: The woman sits on the floor with her two sons and dog. The board and snacks rest on an ottoman between them. She laughs as her older son passes her a card.
Narrator: Your advisor, lawyer, notary or tax professional can help you build a complete estate plan.
Description: Each word fades into the frame as they are spoken until the full phrase is completed.
Description: The Canada Life logo animates onto the frame. A legal line appears: “Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402.”
Description: This video combines footage, text and illustrations to explain the importance of wills and estate planning.
Narrator: We’ve all heard about someone who’s “getting their affairs in order.” What they really mean is having an estate plan.
Description: A middle-aged woman puts on her glasses. She types on her laptop at the kitchen table.
Narrator: As part of a complete financial plan, an estate plan gives you a say about what happens to your assets after you pass.
Description: Text “An estate plan” fades into the frame.
Narrator: An estate plan does four important things.
Description: “An estate plan” moves to the left and shrinks. More text is added to read “An estate plan does 4 important things.”
Narrator: Help protect your assets.
Description: An illustration of a shield animates onto the frame with the text “Protect your assets” below it.
Narrator: Avoid family conflict.
Description: An illustration of two people talking animates onto the frame with the text “Avoid family conflict” below it. The previous illustration and text move to the left.
Narrator: Transfer your wealth without paying more in taxes and estate fees. This could include leaving assets to loved ones or a charity, cause or organization dear to you.
Description: An illustration of a hand passing money animates onto the frame with the text “Transfer your wealth” below it. Previous illustrations and text move left to accommodate.
Narrator: And pay off any unpaid debt when you die.
Description: A symbol of a person carrying a large credit card animates onto the frame with the text “Pay off unpaid debt” below it. The previous illustrations and text move left to accommodate.
Narrator: Your estate plan should include three things.
Description: The illustrations and text fade out of frame. Cut back to the woman in her kitchen making pancakes.
Narrator: A will that lets everyone know what you want to happen to your money, property and other assets after you pass. It can also define who cares for your children, or even your pet.
Description: On the left, text “A will” animates onto frame while the right shows a young boy cheerfully running behind his mother while she cooks. He grabs some fruit from a bowl then sits at the kitchen table with his older brother. The woman pours them a glass of orange juice.
Narrator: A power of attorney that gives one or more people the authority to make financial or medical decisions for you if you’re not capable due to an injury or illness.
Description: Text “A power of attorney” is added underneath “A will” to create a list on the left. A group of adults and children sit at a large table to share a meal. A bearded man tells a joke and everyone laughs.
Narrator: Named beneficiaries on your financial accounts and insurance policies so your assets will be distributed quickly after your death.
Description: Text “Named beneficiaries” is added to the list. The woman looks down and cuts a piece of apple pie. She carefully lifts it and places it onto the plate of one of the guests at the table.
Narrator: Lots of people think you only need an estate plan when you get older.
Description: A dice rolls into focus over a game board.
Narrator: However, because the unexpected could happen anytime, every adult should have one.
Description: The woman sits on the floor with her two sons and dog. The board and snacks rest on an ottoman between them. She laughs as her older son passes her a card.
Narrator: Your advisor, lawyer, notary or tax professional can help you build a complete estate plan.
Description: Each word fades into the frame as they are spoken until the full phrase is completed.
Description: The Canada Life logo animates onto the frame. A legal line appears: “Canada Life and design and My Canada Life at Work are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402.”
Canada Life has the services, solutions, educational tools and resources to help support you through all of life’s stages. Visit www.canlife.co/wellbeing for more information.
Description: This video uses footage of Canadians in different lifestyles to show how Canada Life can support your well-being.
Narrator: Canada Life is committed to improving your financial well-being.
Description: A young man smiles as he sits outside on a porch swing, petting a puppy.
Narrator: From learning about your group savings plan options
Description: The man browses the “Contributions” page of the My Canada Life at Work website on his laptop.
Narrator: To creating short
Description: Cut to a young couple moving into their first home.
Narrator: and long-term financial goals.
Description: A retired couple sits on a beach.
Narrator: From saving for a child’s education
Description: Cut to a mother and child making dinner.
Narrator: To paying down student or other debt.
Description: A middle-aged woman hugs her daughter in a graduation gown.
Narrator: From dealing with a difficult situation
Description: A couple sits on opposite sides of their living room, looking away from one another.
Narrator: To going back to school
Description: Cut to a young woman studying her notes in an empty lecture hall.
Narrator: or retiring.
Description: A retired couple hikes while holding hands.
Narrator: We’re also committed to improving your physical and mental well-being
Description: Cut to a woman opening the curtains in her home. She goes for a run in a park.
Narrator: with quick and easy access to health care services,
Description: A man makes a smoothie in his kitchen. His phone displays the Health Connected website.
Narrator: well-being resources to help you and your loved ones
Description: Cut to a middle-aged woman working from home. Her computer screen shows the Workplace Strategies for Mental Health website.
Narrator: and services, solutions, and educational tools to support you
Description: A man sits in his home office on the phone.
Narrator: including Health and Wealth consultants and investment and retirement consultants to show you the way.
Description: Cut to a Health and Wealth consultant wearing a headset while typing on her computer. She smiles and nods her head.
Narrator: Through uneventful times,
Description: A young couple relaxes in a park.
Narrator: changing times,
Description: A mother comforts her newborn baby.
Narrator: good times
Description: A couple in wedding attire cuddle under a blanket
Narrator: and tough times,
Description: A middle-aged woman sits alone in her kitchen.
Narrator: Canada Life is here for you.
Description: Cut between Canadians in different life stages, smiling at the camera: a young family, a construction worker, pair of sisters and a middle-aged man.
Narrator: For life as you know it.
Description: Text “For life as you know it” appears and fades out of frame. “For a list of financial, physical and mental well-being resources, visit canlife.co/wellbeing” fades in with the Canada Life logo and legal line: “Canada Life and design, My Canada Life at Work and For life as you know it and design are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402”
Description: This video uses footage of Canadians in different lifestyles to show how Canada Life can support your well-being.
Narrator: Canada Life is committed to improving your financial well-being.
Description: A young man smiles as he sits outside on a porch swing, petting a puppy.
Narrator: From learning about your group savings plan options
Description: The man browses the “Contributions” page of the My Canada Life at Work website on his laptop.
Narrator: To creating short
Description: Cut to a young couple moving into their first home.
Narrator: and long-term financial goals.
Description: A retired couple sits on a beach.
Narrator: From saving for a child’s education
Description: Cut to a mother and child making dinner.
Narrator: To paying down student or other debt.
Description: A middle-aged woman hugs her daughter in a graduation gown.
Narrator: From dealing with a difficult situation
Description: A couple sits on opposite sides of their living room, looking away from one another.
Narrator: To going back to school
Description: Cut to a young woman studying her notes in an empty lecture hall.
Narrator: or retiring.
Description: A retired couple hikes while holding hands.
Narrator: We’re also committed to improving your physical and mental well-being
Description: Cut to a woman opening the curtains in her home. She goes for a run in a park.
Narrator: with quick and easy access to health care services,
Description: A man makes a smoothie in his kitchen. His phone displays the Health Connected website.
Narrator: well-being resources to help you and your loved ones
Description: Cut to a middle-aged woman working from home. Her computer screen shows the Workplace Strategies for Mental Health website.
Narrator: and services, solutions, and educational tools to support you
Description: A man sits in his home office on the phone.
Narrator: including Health and Wealth consultants and investment and retirement consultants to show you the way.
Description: Cut to a Health and Wealth consultant wearing a headset while typing on her computer. She smiles and nods her head.
Narrator: Through uneventful times,
Description: A young couple relaxes in a park.
Narrator: changing times,
Description: A mother comforts her newborn baby.
Narrator: good times
Description: A couple in wedding attire cuddle under a blanket
Narrator: and tough times,
Description: A middle-aged woman sits alone in her kitchen.
Narrator: Canada Life is here for you.
Description: Cut between Canadians in different life stages, smiling at the camera: a young family, a construction worker, pair of sisters and a middle-aged man.
Narrator: For life as you know it.
Description: Text “For life as you know it” appears and fades out of frame. “For a list of financial, physical and mental well-being resources, visit canlife.co/wellbeing” fades in with the Canada Life logo and legal line: “Canada Life and design, My Canada Life at Work and For life as you know it and design are trademarks of The Canada Life Assurance Company. mycanadalifeatwork.com 1-800-724-3402”