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    Categories: Retirement

Buy an Assumption Life Annuity

About Assumption Life

Established in 1903, Assumption Mutual Life Insurance Company became a mutual  company more than forty years ago. A testament to its undeniable reliability, Assumption Life has stood the test of time and is now one of the largest remaining mutual life insurance companies in Canada. More about Assumption Life.

Product name: Immediate annuity

Issue ages: Single and Joint life ages 18-85. Prescribed term certain 18-85, non-prescribed term certain maximum age 105

Types of annuities: single life annuity, joint life annuity, term certain annuity

Rate guarantee: 21 days; 45 days if transfer from other institions

Guarantee period: Single life annuity, joint life annuity, term certain annuity 5 to 30 years. Pension income 0 to 15 years (can’t exceed age 90).

Premium Minimum: $10,000 maximum $750,000

Calculate: Assumption Life Annuity Quote

 

Posted by: Phil Barker: Phil is a leading expert in life annuities in Canada. His website Life Annuities.com is a recognized authority on annuities. Recently, he's been redefining how annuities are sold in Canada.