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[…]
Read moreAnnuities & Retirement Planning
By Phil Barker
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[…]
Read moreWhat 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[…]
Read moreHow 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[…]
Read moreWhat 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[…]
Read moreRequesting A Rate Guarantee
Typically a rate guarantee last up to 45 days. The annuitant (owner) agrees to transfer the total amount of premium[…]
Read moreHow 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[…]
Read moreHow 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.[…]
Read moreHow Is Life Annuity Income Determined?
Life annuity income is determined by the following factors: 1. Premium Amount – The amount of money you deposit. The[…]
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