{"id":153,"date":"2011-02-28T13:04:44","date_gmt":"2011-02-28T18:04:44","guid":{"rendered":"http:\/\/www.lifeannuities.com\/blog\/?p=153"},"modified":"2011-02-28T13:04:44","modified_gmt":"2011-02-28T18:04:44","slug":"guaranteed-retirement-income-but-at-a-price","status":"publish","type":"post","link":"https:\/\/lifeannuities.com\/blog\/retirement\/guaranteed-retirement-income-but-at-a-price","title":{"rendered":"Guaranteed retirement income, but at a price"},"content":{"rendered":"<p>A few notes on a recent article &#8220;<a href=\"http:\/\/www.theglobeandmail.com\/globe-investor\/investment-ideas\/portfolio-strategy\/guaranteed-retirement-income-but-at-a-price\/article1921371\/\">Guaranteed retirement income, but at a price<\/a>&#8221; by Rob Carrick<\/p>\n<p>1. Long term interest rates have a relatively small impact on life annuities;age is the most important.<\/p>\n<p>2. I have seen a large jump in sales,especially in non registered life annuities,since the 2008\/2009 stock market crash.Clients just don&#8217;t want to know about losing more money if the market collapses again.<\/p>\n<p>3. Macqueen is correct; you know you will receive the life annuity income for the rest of your life.You no longer have to worry about GIC rates or the market<\/p>\n<p>4. Tward is incorrect. You can buy non registered life annuities which are cashable from 2 major companies, one being Canada Life.<\/p>\n<p>5. Indexing is available from all major insurers; it has major setbacks however.<\/p>\n<p>6. It is difficult to calculate a rate of return on a life annuity as you don,t know how long you will live.In this respect you can&#8217;t compare a GIC and a life annuity.<\/p>\n<p>7. A female client, aged 89, purchased a term certain annuity in January this year,guaranteed for 25 years till 2036.She is receiving  $860 a month on $160,000 and pays virtually no income tax. Compare that to getting 3% or $400 taxable GIC income.At death, the balance of the payments pass to her beneficiaries<\/p>\n<p>8. The last comment in your table on indexed annuities perhaps should read &#8220;goes up as the years pass&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A few notes on a recent article &#8220;Guaranteed retirement income, but at a price&#8221; by Rob Carrick 1. Long term[&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[],"class_list":["post-153","post","type-post","status-publish","format-standard","hentry","category-retirement"],"_links":{"self":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/153","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=153"}],"version-history":[{"count":1,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/153\/revisions"}],"predecessor-version":[{"id":154,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/153\/revisions\/154"}],"wp:attachment":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/media?parent=153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/categories?post=153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/tags?post=153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}