For more than 30 years, SISIP has been providing financial products and services exclusively to the Canadian Forces community. Particularly during the last 10 years, SISIP has experienced sustained growth as it strives to meet the needs and the satisfaction of the serving and former members of the CF and their families. In 2000 , SISIP enjoyed another rewarding year in assisting the military community with Financial Solutions for Today… and Tomorrow!

Insurance Services

SISIP continues to offer life and disability insurance options that are both competitively priced and include features tailor-made for the special needs of the military community. As of December 2000, more than 106,000 CF members, former members, and spouses were insured under the various term life insurance options. Approximately 57,000 Regular Force members and 30,000 Reserve Force members are insured under the Long-Term Disability (LTD) policies. In 2000, more than $18 million in life insurance benefits were paid to beneficiaries, and the total benefits paid and the support provided under the Long Term Disability and Rehabilitation programs was in excess of $20 million. Long-Term Disability benefits were paid out to 1,400 members, of which 1,200 were also assisted by the SISIP Rehabilitation program.

Financial Planning and Counselling

SISIP Financial Services also provides financial planning, counselling and education through a network of offices that is currently being set up across Canada. Dedicated professionals provide specialized services and, although the roll-out of offices across Canada is not complete, SISIP currently has more than 1,000 financial planning clients, with more than $10 million in client investments under management. SISIP is also assisting hundreds of families through its financial counselling program.

Canadian Forces Personnel Assistance Fund (CFPAF)

CFPAF provides CF personnel with financial distress loans and grants, self-improvement loans and education assistance loans. During the last fiscal year, approximately 6,000 members received financial assistance from the various loan programs.

Contribution to the CF Quality of Life

SISIP's financial contributions enhance the quality of life of the military community and the operational effectiveness of the CF in a number of ways. SISIP has been a substantial contributor to the Personnel Support Programs (PSP) infrastructure programs for new CF gymnasiums, pools, community centers and arenas, and to events such as the CF Sports Awards Banquet and Operation Santa Claus. In 2001, SISIP will be contributing $20 million to the PSP infrastructure recapitalization program. SISIP is also opening offices across Canada to improve its services to customers.

SISIP also began delivery of a financial education program to the CF recruits and officer-cadets in July 2001.

Future

SISIP will continue to improve its financial products and services and, by 2002, will complete its network of 17 offices at bases/wings located across Canada. Currently, SISIP has offices in St-John's Halifax, Greenwood, Gagetown, Bagotville, Valcartier, Ottawa, Petawawa, Kingston and Comox, and will soon open offices in Montreal (St-Jean), Borden, Trenton, Esquimalt, Edmonton, Winnipeg and Cold Lake.

Looking ahead to the future, SISIP remains committed to provide the Canadian Forces community with the best Financial Solutions for Today…and Tomorrow.