2006...A year in review
For 38 years, SISIP Financial Services (SISIP FS) has been providing financial products and services exclusively to the military community. SISIP FS understands that careers in the Canadian Forces (CF) have unique requirements and needs, and that is why its financial products and services are tailored to the military lifestyle. In recent years, SISIP FS has experienced sustained growth as it strives to provide serving and former CF members and their families with the best Financial Solutions for Today…and Tomorrow! |
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With a dedicated team of professionals, SISIP FS provides life and disability insurance, financial planning, financial counselling and education, as well as loans and grants through the CF Personnel Assistance Fund.
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Our Mission
SISIP Financial Services is committed to providing quality financial products and services tailored to the unique lifestyle of the CF community. We are dedicated to contributing to the operational readiness and effectiveness of the CF with the utmost professionalism and expertise.
Insurance Services Division
With licensed insurance representatives across Canada , SISIP FS offers life and disability insurance options that are both competitively priced and adapted to the special needs of the military community.
As of December 2006, approximately 124,000 CF members, former members, and their spouses/partners were insured under the various term life insurance plans. More than $40 million in life insurance benefits have been paid to beneficiaries.
Over 62,000 Regular Force members and close to 34,000 Reserve Force members were insured under the Long Term Disability (LTD) policies. Total benefits paid and support provided under the LTD and Vocational Rehabilitation Programs (VRP) was in excess of $47 M. LTD benefits were paid to over 2,900 members, and the VRP assisted more than 3,000 members.
Financial Planning Division
Financial Planning
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All of our financial planners hold the CFP designation. They provided comprehensive financial planning services, including advice and investment products, to over 4,700 clients with more than $100 million in investments under management.
Financial Counselling
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financial counsellors assisted almost 9,000 CF members in the resolution of their financial problems and in improving their money management skills.
Personal Financial Management Education Program
- Over 7,500 recruits and officer cadets, along with junior supervisors and senior leaders participated in the various personal finance courses offered through formal CF training programs (Basic Military Qualifications, Primary Leadership Qualifications, Intermediate Leadership Qualifications).
Canadian Forces Personnel Assistance Fund (CFPAF)
CFPAF provides financial assistance to CF members and their families. Through its various programs, $11 million was disbursed to over 3,800 CF members in the form of financial distress loans and grants, self-improvement loans, and education assistance loans.
Canadian Forces Group Retirement Savings Plan
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administered by the Group Retirement Services, a division of the Great-West Life Assurance Company, and is endorsed by SISIP FS. This group plan offered through web and telephone access is exclusive to all serving and former CF members and their families.
Contribution to the CF Community
SISIP FS has also touched the lives of many CF members by financially supporting these causes:
The SISIP FS Network
SISIP FS has a large network of representatives present on most of the major bases/wings across Canada with 18 offices located in Bagotville, Borden, Cold Lake , Comox, Edmonton , Esquimalt, Gagetown, Greenwood , Halifax , Kingston , Ottawa , Petawawa, Saint-Jean, Shilo, St. John's , Trenton , Valcartier, and Winnipeg .
2.5 million
