North American Product Classification System (NAPCS) Canada 2017 Version 1.0

• 762 - Pension and life insurance products

76211 - Pension and annuity products

This class comprises underwriting services of plans which provide income payments at regular intervals to individuals or members of groups. Plans may require a single contribution or a series of contributions; may be compulsory or optional; may have nominal benefits determined in advance or dependent on the market value of aspects supporting the plan; and, if related to employment, may or may not be portable with a change in employment. The duration of the period during which benefits are paid may be fixed in terms of a minimum or maximum; there may or may not be survivors' benefits.