An article “Doing the math on annuities“appeared today on the National Post by Jonathan Chevreau who also had called me to answer some questions on life annuities.
Jonathan is only 57 and 6 or 7 years before general retirement age. If he were to take the life annuity figures quoted, he would obviously get these payouts longer. Conversely if he waits until 65, his payments would jump. So the question for each person is whether to buy now or wait a year. And only a well considered quote from a good life annuity company can do that.
If you are considering purchasing a life annuity get a free life annuity quote from all the major insurance companies in Canada. For more information on life annuities visit or life annuities site at www.lifeannuities.com