{"id":1324,"date":"2015-07-08T09:59:16","date_gmt":"2015-07-08T14:59:16","guid":{"rendered":"http:\/\/www.lifeannuities.com\/blog\/?p=1324"},"modified":"2015-07-08T09:59:16","modified_gmt":"2015-07-08T14:59:16","slug":"5-annuity-examples-to-help-guide-you","status":"publish","type":"post","link":"https:\/\/lifeannuities.com\/blog\/retirement\/5-annuity-examples-to-help-guide-you","title":{"rendered":"5 Annuity Examples to Help Guide You"},"content":{"rendered":"<p>An annuity is a guaranteed stream of payments that will provide you with a regular income for your lifetime. You, nor your spouse if included, can outlive the income.<\/p>\n<p>Below are 5 annuity examples and an interpretation of the annuity illustration provided by 5 annuity companies.<\/p>\n<p><strong>1. Annuity Example of a Single Life Male\u00a0<img loading=\"lazy\" decoding=\"async\" class=\"left\" src=\"https:\/\/media.licdn.com\/mpr\/mpr\/AAEAAQAAAAAAAANnAAAAJGYzODUyYTgyLTBiYzgtNDBlOC04ZTZhLTM3ZmRiZWVhZDY2OA.jpg\" alt=\"\" width=\"10\" height=\"24\" \/><\/strong><\/p>\n<p><strong>Personal Information<\/strong><br \/>\nThe annuitant is a male aged 68 years old. He is currently retired.<\/p>\n<p><strong>Source of Funds<\/strong><br \/>\nThe annuitant lives in the province of British Columbia and has a RRSP account with TD Waterhouse. He does most of his investment transactions online. He has now transferred his stock into cash to purchase a life annuity.<\/p>\n<p><strong>\u00a0General Information about the Contract<\/strong><br \/>\nThe annuitant purchased a single life annuity with $147,000 from Industrial Alliance Insurance. The life annuity will provide a monthly income of $825.44 for his lifetime, he will never be able to outlive the income. The life annuity income will help cover his fixed costs such as food, rent, electricity in his retirement.<\/p>\n<p><strong>Annuity Illustration Example from Industrial Alliance<\/strong><\/p>\n<p><a href=\"http:\/\/www.lifeannuities.com\/annuityquotes\/2015\/20150625+annuity+quote.pdf\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" class=\"left alignleft\" src=\"https:\/\/media.licdn.com\/mpr\/mpr\/AAEAAQAAAAAAAAKyAAAAJDM0NDZlNTVhLTQ2M2MtNDJmZS04NmMzLWU4MmMxZGNiYzdmMg.jpg\" alt=\"\" width=\"198\" height=\"213\" \/><\/a><strong>Company:<\/strong> Industrial Alliance<br \/>\n<strong>Type of annuity:<\/strong> Single Life Annuity<br \/>\n<strong>Guarantee Period:<\/strong> 5 years<br \/>\n<strong>Annuitant:<\/strong> Male, 68 years old<br \/>\n<strong>Jurisdiction:<\/strong> British Columbia<br \/>\n<strong>Source of funds:<\/strong> RRSP<br \/>\n<strong>Premium:<\/strong> $147,000<br \/>\n<strong>Monthly Income:<\/strong> $825.44<br \/>\n<strong>Annuity Illustration:<\/strong> <a href=\"http:\/\/www.lifeannuities.com\/annuityquotes\/2015\/20150625+annuity+quote.pdf\" rel=\"nofollow\">View and print annuity quote<\/a><\/p>\n<p>To view the the rest of the examples please continue reading &#8220;<a href=\"http:\/\/www.lifeannuities.com\/articles\/2015\/5+annuity+examples+to+help+guide+you+20150707.html\" rel=\"nofollow\">5 Annuity Examples to Help Guide You<\/a>&#8221; on our website.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An annuity is a guaranteed stream of payments that will provide you with a regular income for your lifetime. You,[&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":1325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[281,5,119,285,283,282,286,100,101,284],"class_list":["post-1324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retirement","tag-281","tag-annuity","tag-example","tag-examples","tag-guide","tag-help","tag-illustration","tag-quote","tag-quotes","tag-you"],"_links":{"self":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/1324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/comments?post=1324"}],"version-history":[{"count":1,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/1324\/revisions"}],"predecessor-version":[{"id":1326,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/1324\/revisions\/1326"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/media\/1325"}],"wp:attachment":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/media?parent=1324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/categories?post=1324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/tags?post=1324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}