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    Categories: Retirement

Insured Annuities Combines an Annuity Contract with an Insurance Policy

Insured Annuity

The problem with using your annuity to create an inheritance is it doesn’t play to the strength of an annuity. Annuities are great at generating income for your life, not your heirs. While you can modify an annuity to leave some money behind, it’s not the best idea. Instead, why not buy a life insurance policy along with your annuity? This way, you can have you annuity focused solely on generating income while your life insurance will create the inheritance for your heirs.

Read more about insured annuities  on our web page.

Case Study

Annuity Details:  Male, Aged 65, $100,000 Reg Funds, No Guarantee Period
Insurance Details:  Term 100, Male, Aged 65, $100,000 , Non-smoker

Illustrations

Insured Annuity Quote | Term 100 Insurance 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.