Annuities

Annuities are a safe and useful retirement income tool to help mitigate the uncertainty in the investment marketplace regardless of how long you live. They operate as a contract between you and a life insurance company and offer you worry free retirement.

After 2008, with the unpredictable financial environment, annuities have risen dramatically in popularity, especially among conservative investors. With annuities, even though market conditions and investment performances fluctuate, you can stabilize your retirement income. In addition to this, you never outlive money because they can offer guaranteed income for life no matter how long you live.

There are different types of annuities and they all serve different purposes.
One of the most popular annuities is the Life Annuity, which can be issued jointly between spouses. They work by taking annuitants estimated life expectancy, income, current age, amount of investment, and the current interest rate environment into account (based on actuarial data). With a Life Annuity, in the event of your death, your spouse may continue receiving the regular, guaranteed payments. Another thing that works in favor of life annuities is that they can also have a flexible frequency of payments.

If you are considering purchasing an annuity, you should know that;

• Like life insurance, they are irreversible upon purchase.
• They can be purchased by using funds from your RRSP, RRIF, LIF, LIRA or Non-Registered Savings Plans.
• The payment rate may be a lower return than other tools, but at the end of the day, they provide you piece of mind.
• Your annuity will be fully insured by Assuris, a non-profit organization which is under Canadian Federal regulation which protects insurance policyholders.

ANNUITIES

Perfect for Conservative Investors

Stable Income

Worry Free Retirement