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    Categories: Retirement

If I Don’t Take My Life Annuity Now, Won’t Those Payments Be Lost Forever?

No, not necessarily forever, but this is one of the sticky questions that each person must answer themselves. If today you can receive $500 a month from your life annuity, should you instead wait for a year if you can then get $525? If you wait you will lose $500 x 12 months. Then you will make up the loss at the rate of $25 a month and be even after 20 years of life annuity payments. You decide if you will live another 20 years.

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.