Annuities provide a steady source of income for the rest of your life

With Annuities You Can Never Outlive Your Income

When you retire, will you and your spouse have a steady source of income for the rest of your life?
This concern has once again made annuities a popular retirement income choice among retirees.

Here’s a quick look at them:

What’s an annuity?

A series of regular, periodic payments for a steady, reliable source of retirement income.

Why an annuity?

To provide a steady stream of income, while allowing you to defer taxes on your registered plan assets.

What types of annuities are available?

Registered

When converting your assets from a Registered Retirement Savings Plan (RRSP), a Locked-in RSP (LRSP), a Locked-in Retirement Account (LIRA), a Registered Pension Plan (RPP), a Deferred Profit Sharing Plan (DPSP) or a Locked-in Retirement Income Fund (LRIF).

Non-registered

When purchasing an annuity with non-registered funds. A non-registered annuity can be on a “prescribed” or “non-prescribed” taxation basis. Because a prescribed annuity allows for the deferral of tax, taxation legislation has placed more restrictions on the terms and provisions of the contract.

What to do now?

• We supply you with the best annuity rates in Canada as our brokers represent all the best financial institutions in Canada. For personal assistance on your Annuity please use our Annuity Quote Form.