How Are Life Annuities Sold?

how are annuities sold
Figure 1. How are annuities sold?

Insurance Agents and Brokers

Annuities can be purchased through insurance agents or independent life insurance brokers. However, only life insurance companies issue annuity policies.

Here is a closer look

Life Insurance Agents

Agents are insurance professionals who are licensed in your province. Some agents work exclusively for one insurance company, while others represent several.

If you decide to use an insurance agent, find one who is knowledgeable about annuities and has a reputation for excellent customer service. The agent should be able to advise you and answer all your questions. If you are thinking about buying a life annuity, the agent should also have a license to sell annuity products.

Independent Life Insurance Brokers

Make sure the broker who sells you the annuity is a licensed life insurance broker. In the case an annuity broker should represent several life insurance companies that will provide you with the highest income.

Ivon T Hughes

Speak to an Annuity Advisor

Ivon T. Hughes

After you receive your quotes you can review your results with Ivon who is a leading expert in life annuities in Canada. He can customize your annuity to meet your needs by adjusting the guarantee period, indexing it to inflation or including your spouse in a joint policy. He can compare quotes from all the leading life insurance companies in Canada. Our clients get sound advice and excellent service with no fees to pay.

GET AN ANNUITY QUOTE RIGHT NOW

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Call 1-877-842-3863 today to get a free annuity quote.
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Ivon T. Hughes - Annuity Broker

The Hughes Trustco Group | Website: LifeAnnuities.com | Email: info@trustco.ca | Toll Free: 877-842-3863