Saturday, December 21, 2024
Male Annuity Rates
Registered
( RRSP, RRIF, RPP, LIRA, LIF, LRIF)
No guarantee
10 yr guarantee
20 yr guarantee
Non-Registered
(Savings Accounts, GIC, TFSA, etc.)
No guarantee
10 yr guarantee
20 yr guarantee
Guarantee Period Option
No Guarantee
Single life male annuity with a no guarantee period provides guaranteed income payments as long as you live, but the payments stop when you die.
With a Guarantee
Single life male annuity with a guarante period provides you with guaranteed income payments for as long as you live. If you die before the guaranteed period, payments for non-registered funds can continue to the beneficiary for the balance of the guarantee period. Payments for registered funds can continue to the spouse only for the balance of the guarantee period. Otherwise any remaining funds are assessed a present day value and taxed.
