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Canada Life Insurance: Annuity
Annuities from Canada Life
A Canada Life Insurance annuity provides regular, fixed income payments for the rest of your life. If you are looking for a guaranteed monthly income stream that will continue until your death, then a life annuity is the perfect retirement option.
Talk to a Canada Life Insurance Agent/Broker
The best way to learn more about annuities from Canada Life Insurance is to contact a Canada Life insurance agent or broker who speciallizes in annuity sales. An annuity broker deals with more than one company and can help you compare monthly incomes from all the different life insurance companies that sell annuities in Canada.
How to buy an annuity from Canada Life Insurance
- Start by completing a Canada Life annuity quote.
- Receive your Canada Life Annuity Illustration by email.
- Complete the Canada Life Annuity Application.
- Complete the transfer form(s).
- The following items are sent to Canada Life Insurance:
- Canada Life Annuity Application
- Canada Life Annuity Illustration
- Transfer Form (for registered funds) or
- Cheque payable to Canada Life Insurance (for non-registered funds)
- Void cheque for the payment of the monthly income
- Copy of a government issued photo ID
- Your Canada Life Annuity Policy is issued and mailed.
Completing a Canada Life annuity quote below is the first step in calculating your monthly income based on your personal needs.
Click here to get a Canada Life Annuity Quote
Once you submit your information, we'll calculate your annuity payout and send you the Canada Life Annuity Illustration the same day. Here is an example of a Canada Life Annuity Illustration.
After reviewing the annuity illustration, the annuity broker will take down your information and complete the annuity application for you. Here is an example of a Canada Life Annuity Application.
The annuity broker will complete the transfer forms that are necessary. Registered funds like your RRSP, RRIF or RPP are transfered from one institution to another using a transfer form. If the funds are coming from a non-registered source the annuity broker will ask you for a cheque that is payable to Canada Life Insurance.
Your annuity policy will be issued when the registered funds are transferred. Or when the non-registered funds have been cashed.
To Begin, Request A Canada Life Annuity Quote
About Canada Life Assurance Company
Founded in 1847, The Canada Life Assurance Company was Canada’s first domestic life insurance company. Today, Canada Life provides insurance and wealth management products and services in Canada and internationally.
Canada Life offers a wide range of insurance and wealth management products and services for individuals, families and business owners from coast to coast. Canada Life’s savings and investments, retirement income, life, disability and critical illness insurance products are available from independent brokers who are licensed representatives of Canada Life.
(Reference: www.canadalife.com)
Canada Life Assurance Company
