Sun Life has recently introduced a concept known as Money for Life which attempts to answer questions about guaranteed income and is the retirement income guaranteed.
Money for life can be achieved through a pension plan or a life annuity or both. Here the plan is different and requires a whole different set of values to understand as it is linked to the stock market. The brochure for Money for Life by Sun Life is some 24 pages long and you had better understand it all including the costs before you bring this guaranteed income plan. You really need to ask yourself this question; is the retirement income guaranteed enough for you?