A life income fund (LIF) is a type of Canadian retirement income fund that can be used to hold locked-in pension funds as well as other assets to eventually us as retirement income. This calculator allows you to calculate your LIF payment and track the value of your LIF.
LIF Payment
Use this LIF calculator to estimate your payments and estimate the value of your LIF.
This LIF calculator considers your LIF value, age, timing, rate of return, the type of payment and inflation to determine if you will have enough to sustain your retirement.
LIF Payment
Companion Infographic
As workplaces change, many Canadians are starting to think about pensions, timing, early retirement packages, and plan for their retirement. No matter what stage of planning your clients are at, this Retirement Readiness infographic outlines many factors to consider and plan for.
Features
Consumer-facing
These consumer-facing financial calculators can be embedded in your web site quickly and easily.
Responsive
Calculators are easy-to-use and fully responsive on any device – phone, tablet, laptop or desktop.
Full Branding
Calculators can be fully branded according to your branding style guide. You’ll be up and running with a quick turnaround.
Calculators are available in English and French.
The calculator can be viewed for free up to five (5) times.
To use the full-featured versions of these calculators in FreshPlan, please contact us.