TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 DEF

A written agreement between an insurance company and a customer outlining each party’s obligations in an annuity coverage agreement.  3, record 1, English, - annuity%20contract

Record number: 1, Textual support number: 1 CONT

An annuity contract is a contract under which, in consideration for capital originating directly or initially from the fund of a supplemental pension plan, an insurer guarantees to the purchaser who is a former member, a member or the spouse thereof a life pension of which payment begins immediately after the transfer of the capital or is deferred to a later date.  4, record 1, English, - annuity%20contract

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 DEF

Contrat établi par une compagnie d'assurance ou une société de fiducie qui prévoit le versement de sommes périodiques pendant une période définie, par exemple un certain nombre d'années, ou pendant toute la vie du bénéficiaire.  2, record 1, French, - contrat%20de%20rente

Record number: 1, Textual support number: 1 CONT

Le contrat de rente est celui en vertu duquel, en contrepartie d'un capital provenant directement ou initialement de la caisse d'un régime complémentaire de retraite, un assureur garantit au constituant qui est un ancien participant, un participant ou son conjoint une rente viagère dont le service débute immédiatement après le transfert du capital ou est différé à une date ultérieure.  3, record 1, French, - contrat%20de%20rente

Record 1,  Textual support,  Spanish

Record number: 1, Textual support number: 1 DEF

Acuerdo celebrado entre el afiliado, o sus derechohabientes cuando corresponda, para el pago de pensiones de jubilación o de muerte con la entidad aseguradora en la modalidad de seguro vitalicio o con la aseguradora de fondos de pensiones que administra la modalidad de mensualidad vitalicia variable.  1, record 1, Spanish, - contrato%20de%20pensi%C3%B3n

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 DEF

A pension plan in which all benefits are paid by means of an annuity or insurance contract issued by a person authorized to carry on a life insurance business in Canada and under which the person is obligated to pay all the benefits set out in the plan.  2, record 2, English, - insured%20pension%20plan

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 DEF

Régime dont toutes les prestations sont versées aux termes d'un contrat de rente ou d'assurance accordé par une personne autorisée à exploiter une entreprise d'assurance-vie au Canada et selon lequel cette personne est tenue de verser toutes les prestations prévues dans le régime.  2, record 2, French, - r%C3%A9gime%20de%20retraite%20garanti

Record number: 2, Textual support number: 1 OBS

régime de retraite garanti et régime garanti sont les termes utilisés au Québec.  4, record 2, French, - r%C3%A9gime%20de%20retraite%20garanti

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 DEF

An agreement to pay a scheduled payment to the policyholder ... while the annuitant is alive.  2, record 3, English, - life%20annuity%20contract

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 CONT

Le contrat de rente viagère garantit à son titulaire, moyennant le paiement préalable de primes, le versement d'un revenu viager, autrement dit d'un revenu assuré jusqu'à son décès.  2, record 3, French, - contrat%20de%20rente%20viag%C3%A8re

Record 3,  Textual support,  Spanish

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 CONT

This Schedule does not apply in respect of(a) an insured plan or a plan in respect of which all benefits are provided through an annuity contract issued by the Government of Canada; or(b) investments held in an unallocated general fund of a person authorized to carry on a life insurance business in Canada.  1, record 4, English, - unallocated%20general%20fund

Record 4,  Textual support,  French

Record number: 4, Textual support number: 1 CONT

La présente annexe ne s'applique pas : a) aux régimes assurés et aux régimes dont toutes les prestations sont versées au moyen d'un contrat de rente émis par le gouvernement du Canada; b) aux placements détenus dans un fonds général non réparti d'une personne autorisée à effectuer des opérations d'assurance-vie au Canada.  1, record 4, French, - fonds%20g%C3%A9n%C3%A9ral%20non%20r%C3%A9parti

Record 4,  Textual support,  Spanish

Record 5,  Textual support,  English

Record number: 5, Textual support number: 1 CONT

Split Equity Contract similar to the en viager method used in France, involves the actual sale of the property by the homeowner. There is no mortgage. The homeowner retains the right to rent-free occupancy for a specified number of years or life. The purchase price would be determined by the expected future value of the property discounted by its rent-free use, interest, and the specific or expected time lapse before actual possession. This could be a life mortality consideration. The proceeds of the sale could be invested to yield income or, alternatively, used to buy a Life Annuity from an insurance company.  2, record 5, English, - split%20equity%20contract

Record 5,  Textual support,  French

Record 5,  Textual support,  Spanish