Commonwealth Pension Builder

Commonwealth PensionBuilder is a straight-forward, low-risk investment that allows you to convert some of your retirement savings into a source of dependable income that you canít outlive. Whether youíre building for your retirement or are in the retirement stage of your life, you can look to Commonwealth PensionBuilder to supplement existing guaranteed income sources or to create a new income source on which you can rely.

Retirement today

The face of retirement is changing and itís important to ensure that youíre financially prepared for a long retirement. With Canadians living longer it means you might spend as much time in retirement as you did working. Thatís why your retirement income strategy should ensure that you donít outlive your retirement savings.

There are some people who donít need to worry about outliving their retirement savings Ė those fortunate enough to have access to company-sponsored guaranteed pension plans, also known as Defined Benefit Pension Plans. But today, the majority of Canadians no longer belong to these types of plans and therefore, need a retirement solution that offers security and peace of mind for their future.

To learn more about what retirement looks like today and why guaranteed income plays such an important role, watch the video about the Canadian retirement langscape Introducing Commonwealth PensionBuilder. This new, groundbreaking solution supplements other retirement income sources to provide you with a guaranteed income stream for life.

Features and Benefits

Commonwealth PensionBuilder is an innovative income solution designed to provide you with:
  • A secure income stream that is guaranteed for life to help form the foundation of a retirement income plan
  • A higher level of retirement income the earlier you invest and/or the later you wait to start drawing income
  • Flexibility to choose when to begin taking income, as early as age 50
  • The option of uninterrupted income for life for your surviving spouse1
  • A conservative investment in a fixed-income portfolio with full access to your market value, should the need arise2

1Spouse or common-law partner (as defined by the Income Tax Act (Canada))
2Fees may apply

Exceeding the withdrawal thresholds of the Commonwealth PensionBuilder insurance contract and/or withdrawals taken prior to the Election of the Income Benefit may have a negative impact on future income payments. Age restrictions and other conditions may apply.

For more details check out the attached PDF and watch video below for an overview of how this retirement income solution works. 


We have created tools to help you better understand what your expenses might be in retirement and how much retirement income you can rely on from Commonwealth PensionBuilder.

  • Use the Retirement Expense Worksheet to find out what your total expenses may be in retirement.
  • Try the Income Calculator to help calculate what your guaranteed income from Commonwealth PensionBuilder will be in retirement.

Commonwealth PensionBuilder is an attractive income solution, whether you are in the pre-retirement or retirement stage of your life. A complement to other retirement income sources, Commonwealth PensionBuilder supports retirement plans and helps ensure that you will be prepared.

Youíve worked hard throughout your life and retirement is your time to reward yourself. Commonwealth PensionBuilder can help you spend time living your retirement, not worrying about it.


More in this category: Annuities »