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LIF
(redirected from Life Income Fund)

   Also found in: Financial, Wikipedia 0.01 sec.
AcronymDefinition
LIFLifetime (Cable Network)
LIFLeukemia-Inhibitory Factor
LIFLaser Induced Fluorescence
LIFLife Income Fund (Canadian retirement plan)
LIFLeukemia Inhibitory Factor
LIFLäkemedelsindustriföreningen (Sweden)
LIFLow Insertion Force
LIFLatino Issues Forum
LIFLogical Interchange Format (floppy disk file system format)
LIFLocation Interoperability Forum
LIFLeft Iliac Fossa
LIFLight Interference Filter
LIFLipizzan International Federation
LIFLogistics Intelligence File
LIFLighting Industry Federation Ltd.
LIFLearning Innovations Forum
LIFLaegemiddel Industri Foreningen (Denmark)
LIFLocked-in Income Fund (Canada)
LIFLinear Information Flow
LIFLayaway of Industrial Facilities
LIFLeksands Idrottsförening (Swedish Ice Hockey Club)
LIFLOGMOD Information File
LIFLoss Indication Filter (multicasting)
LIFLorentz Inertial Frame
LIFLink Independent Format (General Dynamics UK)
LIFLow Income Family (Medicaid program)
LIFLow Impact Forestry


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At retirement, pension assets provide an income through one of three options: the purchase of a guaranteed life annuity from a life insurance company; the transfer of assets to a Life Income Fund (LIF), Locked-in Retirement Income Fund (LRIF) or in some provinces a Registered Retirement Income Fund (RRIF); or, using plan assets to pay the pension directly, with any assets remaining at death passing to the spouse (or estate).
Life Income Fund (LIF) A LIF is an income vehicle which was created as an alternative to buying a life annuity.
The limits for this class are: * $200,000 of life insurance protection * $60,000 in cash withdrawal for policies registered under the Income Tax Act such as RRSPs, RRIFs, Life Income Funds and pension policies.
 
 
 
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