When Should I Buy A Life Annuity?
This is really the million dollar question. And it is really impossible to give anything but an individual answer. Most…
Should she stay in a RRIF or buy a life annuity?
I have a client,a single lady 75 years old,who draws the minimum payment of approx $ 726 monthly from her…
What Happens To My Capital If I Pass Away Prematurely?
With some life annuities, you can select a Cash Refund feature that guarantees that you will not lose any of…
How Soon Can My Life Annuity Payments Begin?
Life annuity payments generally begin one month after the money is invested. If you choose a monthly income, your payments…
What Are The Other Advantages To Life Annuities?
A life annuity can provide income as protection against stock market losses. Regardless of the financial markets, you can be…
Requesting A Rate Guarantee
Typically a rate guarantee last up to 45 days. The annuitant (owner) agrees to transfer the total amount of premium…
How Can I Benefit From A Life Annuity?
A life annuity can help protect you against outliving your savings. No matter how long you live, you will always…
How Does A Life Annuity Work?
If you are nearing retirement, you probably have some money set aside in GIC's segregated funds, mutual funds or RRSP's.…
How Is Life Annuity Income Determined?
Life annuity income is determined by the following factors: 1. Premium Amount - The amount of money you deposit. The…