What Kind Of Funds Can I Use To Purchase A Life Annuity?

To fund your life annuity, you may want to use portion of your savings, GICs and mutual funds or segregated funds. You may also transfer certain retirement accounts, such as your RRSP or lump-sum pension plan payout. In some cases you can even combine multiple assets to fund a single life annuity; however registered and non registered funds may not be combined.