PFIA FAQs

This section gives you quick and easy access to the answers to the questions we're asked most frequently.  If you don't find your question here, please use the ‘Have a Question’ or the email form on the Contact Us page and we will be happy to answer your question.


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1.  Is there a minimum amount that I can deposit on such an account?

2.  Do I receive statements after opening the account?

3.  What is the Premium Fixed Income Account (PFIA)?

4.  What is the investment objective of the PFIA?

5.  How long can I maintain a deposit in a PFIA?

6.  Are there any risks associated with this deposit?

7.  Can I withdraw from the account before maturity?

8.  Can I use this account as collateral for loans?

9.  Who can invest in a PFIA?

10.  Will this deposit be accepted as a “prescribed security” by the Registrar of Insurance?

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