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    Categories: Retirement

Canada Life Insurance, Annuity Products

About The Canada Life Assurance Company

Founded in 1847, The Canada Life Assurance Company was Canada’s first domestic life insurance company. Today, Canada Life provides insurance and wealth management products and services in Canada and internationally.

Canada Life offers a wide range of insurance and wealth management products and services for individuals, families and business owners from coast to coast. Canada Life’s savings and investments, retirement income, life, disability and critical illness insurance products are available from independent brokers who are licensed representatives of Canada Life.

Read more about Canada Life Insurance

Product name: Single premium payout annuity

Issue ages: non-registered  1 – 90, RRSP 25-71, RRIF 25-90

Types of annuities: single life annuity, joint life annuity, term certain annuity, impaired life annuity, structured settlements

Rate guarantee:  up to 45 days

Guarantee period: maximum 40 years, can’t exceed age 90 for prescribed taxation. age 105 if accrual

Premium: Minimum $1000

Quote: Canada Life Annuity Quote

Calculator: Canada Life Annuity Calculator

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.