{"id":298,"date":"2011-09-22T14:50:33","date_gmt":"2011-09-22T19:50:33","guid":{"rendered":"http:\/\/www.lifeannuities.com\/blog\/?p=298"},"modified":"2011-09-22T14:50:33","modified_gmt":"2011-09-22T19:50:33","slug":"life-annuity-information","status":"publish","type":"post","link":"https:\/\/lifeannuities.com\/blog\/retirement\/life-annuity-information","title":{"rendered":"Life Annuity Information"},"content":{"rendered":"<div><span style=\"font-family: Verdana; font-size: medium;\"><br \/>\n<\/span><\/div>\n<div><span style=\"font-family: Verdana; font-size: medium;\">We offer the widest range of life annuities and  term certain annuities right across Canada, whether for RRSP or RRIF money or  non-registered funds.<\/span><\/div>\n<div><span style=\"font-family: Verdana; font-size: medium;\"><br \/>\n<\/span><\/div>\n<div><strong><span style=\"font-family: Verdana; font-size: medium;\">Choice of Annuity<\/span><\/strong><\/div>\n<div><strong><span style=\"font-family: Verdana; font-size: medium;\"><br \/>\n<\/span><\/strong><\/div>\n<div><span style=\"font-family: Verdana; font-size: medium;\">Clients can choose from a zero guarantee annuity  or up to\u00a0age 90 and sometimes longer, with or without a guarantee period. In addition, different companies offer variations  of refund contracts.<\/span><\/div>\n<div><span style=\"font-family: Verdana; font-size: medium;\"><br \/>\n<\/span><\/div>\n<div><span style=\"font-family: Verdana; font-size: medium;\">A joint life annuity or a single life annuity  normally provides level income but can be altered to provide greater income now  but less after the death of a spouse.<\/span><\/div>\n<div><span style=\"font-family: Verdana; font-size: medium;\"><br \/>\n<\/span><\/div>\n<div><strong><span style=\"font-family: Verdana; font-size: medium;\">Term Certain Annuity<\/span><\/strong><\/div>\n<div><strong><span style=\"font-family: Verdana; font-size: medium;\"><br \/>\n<\/span><\/strong><\/div>\n<div><span style=\"font-family: Verdana; font-size: medium;\">In addition to those choices, those with  registered funds can choose annuity\u00a0payments\u00a0up to age 90, thus increasing their  monthly annuity cheque.<\/span><strong> <\/strong><\/div>\n<div><strong><br \/>\n<\/strong><\/div>\n<div><strong><span style=\"font-family: Verdana; font-size: medium;\">Indexed Income<\/span><\/strong><\/div>\n<div><strong><span style=\"font-family: Verdana; font-size: medium;\"><br \/>\n<\/span><\/strong><\/div>\n<div><span style=\"font-family: Verdana; font-size: medium;\">It is possible to have an annuity, indexed to  the\u00a0cost of living index, or similar. However, doing so reduces the monthly  annuity payments the first\u00a010 years, so consideration must be given to your life  expectancy.<\/span><\/div>\n<div><span style=\"font-family: Verdana; font-size: medium;\"><br \/>\n<\/span><\/div>\n<div><strong><span style=\"font-family: Verdana; font-size: medium;\">Taxation and Annuities<\/span><\/strong><\/div>\n<div><strong><span style=\"font-family: Verdana; font-size: medium;\"><br \/>\n<\/span><\/strong><\/div>\n<div><span style=\"font-family: Verdana; font-size: medium;\">If the monies are from a RRSP or RRIF, the  payment is taxable.<\/span><\/div>\n<div><span style=\"font-family: Verdana; font-size: medium;\"><br \/>\n<\/span><\/div>\n<div><span style=\"font-family: Verdana; font-size: medium;\">If the annuity funds are non-registered, only the  interest portion is taxable which can be reported on a level or prescribed basis  or on a accrued or non prescribed basis.<\/span><\/div>\n<div><span style=\"font-family: Verdana; font-size: medium;\">Most people choose prescribed as the level  monthly income allows for better planning.<\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>We offer the widest range of life annuities and term certain annuities right across Canada, whether for RRSP or RRIF[&#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-298","post","type-post","status-publish","format-standard","hentry","category-retirement"],"_links":{"self":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/298","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=298"}],"version-history":[{"count":6,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/298\/revisions"}],"predecessor-version":[{"id":304,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/298\/revisions\/304"}],"wp:attachment":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/media?parent=298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/categories?post=298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/tags?post=298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}