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Acronymfinder

What does GIFL stand for?

GIFL stands for Guaranteed Income for Life (retirement plan)


This definition appears very rarely and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other meanings of GIFL

Samples in periodicals archive:

SunFlex Retirement Income helps address these concerns by providing Canadians with: guaranteed income for life that remains consistent and is not impacted by market ups and downs, to cover the basics such as housing, food, and clothing; potential bonus income that is based on market performance of selected funds, to cover additional lifestyle expenses; and flexibility to meet changes in future income needs.
A TRADITIONALLY, pension funds are converted into an annuity on retirement, to provide a guaranteed income for life.
But in an era of disappearing pensions and erratic stock-market returns, the idea of guaranteed income for life that keeps pace with inflation holds fresh appeal.
The advantage of the annuity is that it gives you a guaranteed income for life and therefore is extremely safe.
It allows you to build your own personal defined benefit plan inside a defined contribution plan," adds Ed Eng, senior vice president for product development at John Hancock Retirement Plan Services, explaining how Hancock's product, Guaranteed Income for Life Select, combines a lifetime income guarantee with upside potential and downside asset protection.
Including a single-premium immediate annuity in a retirement portfolio not only provides guaranteed income for life, but can increase bequests to heirs as compared with a mutual fund-only portfolio using systematic withdrawals.