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How Canada Life is supporting you during COVID-19. Learn moreOpens a new website in a new window

IMPORTANT NOTICE: As of Jan. 1, 2020, The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company became one company – The Canada Life Assurance Company. Learn moreOpens a new website in a new window

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When you're getting ready to retire

A registered retirement income fund (RRIF) turns the accumulated value of a registered savings plan – typically an RRSP – into retirement income.

Depending on your financial situation, RRIFs, LIFs and payout annuities may all play a role in your retirement income planning solutions.

How much money you’ll need for retirement is largely determined by how long you live – something that’s impossible to know with any certainty.