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SISIP FINANCIAL SERVICES
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Since 1969, SISIP Financial Services (SISIP FS) has provided financial products and services exclusively to serving and former members of the Canadian Forces (CF). SISIP FS understands that careers in the CF have unique requirements and needs, and that is why its financial products and services are tailored to the military lifestyle.
SISIP FS remains active in the community in many ways. Along with annual contributions of $2.5 million to the Morale and Welfare grants, SISIP FS also contributes financially to the CF Sports Award Banquet, the ”I Quit” smoking cessation program, Operation SANTA CLAUS, and the Volunteers’ Recognition Program.
SISIP FS insured almost 120,000 CF serving and former members, along with their spouses, under various term life insurance plans. More than $27.3 million in life insurance benefits have been paid to beneficiaries.
Financial planning, counselling and education were provided through a network of 18 offices across Canada. Dedicated professionals have helped over 3,700 financial planning clients with more that $54.6 million in investments under management.
The Canadian Forces Group Retirement Savings Plan (CFGRSP) is now being administered through the Group Retirement Services, a division of Great West Life Assurance Company. SISIP FS financial planning clients, serving or former CF members, and spouses are all eligible for this plan.
Financial education was provided to 6,000 recruits, Officer Cadets, along with junior and senior supervisors through the Personal Financial Management Education program.
Canadian Forces Personnel Assistance Fund (CFPAF) provided $12.1 million in financial distress loans and grants, self-improvement loans, and educational assistance loans to 5,000 CF personnel.
