Annuities


ANNUITIES

Play Safe with 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.

Perfect for Conservative Investors

Stable Income

Worry Free Retirement

How Annuities Work?

There are different types of annuities and they all serve different purposes.

1. Life Annuity
2. Term-Certain Annuity

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.

Facts about Annuities you should know before purchasing;

• 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 peace of mind.
• Your annuity will be fully insured by Assuris, a non-profit organization which is under Canadian Federal regulation which protects insurance policyholders.

Play It Safe: Annuities are great retirement tool for Conservative Investors | Calla Financial

If you are a conservative investor, annuities may be an excellent component to your retirement income portfolio because they allow you to play it safe.

At Calla Financial Services Ltd., we are happy to assist you with your investment and retirement goals. 

Note to our Clients | COVID-19 ANNOUNCEMENT

Dear Clients, As we continue to monitor the rapidly evolving situation of COVID-19, we have taken precautionary actions to keep our employees safe. Our team is working at full capacity from home, continuing to service your needs & queries. Our goals and philosophy to support you have not changed. We are your partner & we will continue to provide you with the answers & resources you need, and a positive experience during these difficult times. If you need assistance, please make sure to reach your servicing advisor directly or email us from our "Contact" page. Thank you for your continued support. We are thinking of you are remaining strong and resilient during these challenging days. Nick & Ida Calla and Calla Financial Services Team