What happens to my LIF when I die?

Upon death, the funds in the LIF are first intended for the deceased person's spouse. If the deceased is single, the amounts are paid to the designated beneficiaries or to the estate.

If the spouse of the deceased receives the money from a provincial LIF in Quebec, they can transfer it to their own RRSP or RRIF account, tax-free. However, if the money comes from a federal LIF, it must remain locked-in and be transferred to a supplemental retirement plan (e.g., LRSP) or another LIF in their name.

Give us a call, and let's talk about your situation!

Monday to Thursday, from 9 a.m. to 8 p.m., and Fridays from 9 a.m. to 5 p.m.

1-844-595-3787

  • FlexiFonds de solidarité FTQ Inc.
    The units of the FlexiFonds funds are distributed solely in Québec by FlexiFonds de solidarité FTQ inc., a mutual fund dealer wholly owned by the Fonds de solidarité FTQ. FlexiFonds de solidarité FTQ inc. does not distribute the units of any other mutual funds. Management fees and other expenses may be associated with mutual fund investments. Please consult your advisor and read the prospectus and the fund facts documents before making an investment. The units of the FlexiFonds funds are not covered by the Canada Deposit Insurance Corporation nor any other government deposit insurer. The FlexiFonds funds are not guaranteed, their values change frequently, and past performance may not be repeated.

    Information
    All the information and data provided are for information purposes only; they are not intended to provide advice or recommendations of a financial, legal, accounting or tax nature with respect to investments. Although they are deemed reliable, no representation or warranty, express or implied, is made as to the accuracy, quality or completeness of this information and data. The opinions expressed should not be construed as a solicitation or an offer for the subscription or sale of shares of the Fonds de solidarité FTQ or the units referred to herein and should not be viewed as a recommendation. We suggest you consult your legal advisor.