Annuities in Laval, Quebec

Canadian Life Insurance Companies in Laval, QC

The following is a list of Canadian life insurance companies licensed to sell annuities in Laval.

• BMO Insurance
• Beneva
• Canada Life
• Desjardins Insurance
• Empire Life
• Equitable
• Industrial Alliance
• ivari
• Manulife Financial
• RBC Insurance
• Sun Life Financial

Some of the cities we serve in Quebec

Montreal	Québec	Laval	Gatineau	Longueuil	Sherbrooke
Saguenay	Lévis	Trois-Rivières	Terrebonne	Saint-Jean-sur-Richelieu	Repentigny
Brossard	Drummondville	Saint-Jérôme	Granby	Blainville	Saint-Hyacinthe
Shawinigan	Dollard-des-Ormeaux	Rimouski	Châteauguay	Saint-Eustache	Victoriaville
Mascouche	Mirabel	Rouyn-Noranda	Boucherville	Salaberry-de-Valleyfield	Sorel-Tracy
Vaudreuil-Dorion	Côte Saint-Luc	Val-d'Or	Saint-Georges	Alma	Pointe-Claire
Sainte-Julie	Boisbriand	Saint-Bruno-de-Montarville	Sainte-Thérèse	Thetford Mines	Sept-Îles
Chambly	Magog	Saint-Constant	La Prairie	Baie-Comeau	Saint-Lambert
Kirkland	Varennes	Beloeil	L'Assomption	Westmount	Candiac
Joliette	Beaconsfield	Mount Royal	Rivière-du-Loup	Saint-Lazare	Dorval
Mont-Saint-Hilaire	Saint-Augustin-de-Desmaures	Deux-Montagnes	Saint-Lin-Laurentides	Sainte-Catherine	L'Ancienne-Lorette
Saint-Basile-le-Grand	Sainte-Marthe-sur-le-Lac	Gaspé	Sainte-Anne-des-Plaines	Matane	Dolbeau-Mistassini
Pincourt	Rosemère	Mont-Laurier	Lavaltrie	Saint-Colomban	Sainte-Marie
Amos	Lachute	Cowansville	Bécancour	Prévost	Sainte-Adèle
Beauharnois	Mercier	Montmagny	La Tuque	Notre-Dame-de-l'Île-Perrot	L'Île-Perrot
Saint-Félicien	Roberval	Sainte-Agathe-des-Monts	Marieville	Saint-Sauveur	Saint-Raymond
Mont-Tremblant	Bois-des-Filion	Lorraine	Coaticook	Notre-Dame-des-Prairies	La Malbaie
Pont-Rouge	Otterburn Park	Farnham	Carignan	Nicolet	La Sarre
Chandler	Acton Vale	Bromont	Chibougamau	Louiseville	Delson
Baie-Saint-Paul	Saint-Rémi	Brownsburg-Chatham	Hampstead	Asbestos	Sainte-Anne-des-Monts
Coteau-du-Lac	Plessisville	Mont-Joli	Port-Cartier	Beauceville	Amqui
Sainte-Catherine-de-la-Jacques-Cartier	Donnacona	Contrecoeur	Lac-Mégantic	Charlemagne	Princeville
Saint-Césaire	Brome Lake	Saint-Pie	Windsor	L'Épiphanie	Cookshire-Eaton
Hudson	Témiscouata-sur-le-Lac	Montreal West	Sainte-Anne-de-Bellevue	Warwick	Saint-Joseph-de-Beauce
Rivière-Rouge	Waterloo	La Pocatière	Métabetchouan–Lac-à-la-Croix	Berthierville	Danville
Carleton-sur-Mer	Maniwaki	Sutton	Neuville	Saint-Tite	Baie-D'Urfé
Château-Richer	New Richmond	East Angus	Montréal-Est	Saint-Pascal	Dunham
Grande-Rivière	Trois-Pistoles	Malartic	Beaupré	Percé	Richmond
Forestville	Paspébiac	Normandin	Clermont	Portneuf	Dégelis
Cap-Santé	Senneterre	Fermont	Saint-Marc-des-Carrières	Stanstead	Sainte-Anne-de-Beaupré
Saint-Gabriel	Bonaventure	Pohénégamook	Sainte-Marguerite-du-Lac-Masson	Macamic	Saint-Pamphile
Bedford	Cap-Chat	Ville-Marie	Disraeli	Saint-Basile	Causapscal
Huntingdon	Thurso	Témiscaming	Gracefield	Valcourt	Léry
Lebel-sur-Quévillon	Waterville	>Kingsey Falls	Saint-Ours	Saint-Joseph-de-Sorel	Fossambault-sur-le-Lac
Chapais	Matagami	Desbiens	Daveluyville	Murdochville	Duparquet
Métis-sur-Mer	Lac-Delage	Scotstown	Lac-Sergent	Belleterre	Lac-Saint-Joseph
Schefferville	Estérel	L'Île-Cadieux	Barkmere	L'Île-Dorval

Canadian Provinces We Serve

List of Canadian provinces and territories

1. Ontario
2. British Columbia
3. Alberta
4. Quebec
5. Manitoba
6. Saskatchewan
7. Nova Scotia
8. New Brunswick
9. Newfoundland and Labrador
10. Prince Edward Island
11. Northwest Territories
12. Yukon Territory
13. Nunavut

Annuity Terminology

Who Sells Annuities in Laval?

Life insurance companies do not sell annuities direct to the consumer. A life insurance agent or a independent life insurance broker are used to buy annuities.

Ideally it's in the annuitant's best interest to use an independent life insurance agent who specializes in annuities. An independent annuity broker will provide quotes from all the life insurance companies which you can then compare and choose the company with the best income.

Frequently Asked Questions (FAQ)

What is a life annuity?

A life annuity turns your retirement savings into a competitive and secure retirement income, without putting your money at risk. You can receive guaranteed payments that will never decrease and will last a lifetime.

Annuities are ideal for seniors who:

1. Need their income to last a lifetime, for themselves, their spouse or both lives
2. Don’t want to take risks with market volatility
3. Want the guaranteed monthly income to cover basic living expenses through retirement
4. Are looking for tax-efficient income.

Will you benefit from an Insured Annuity?

Yes, if:

1. You are insurable.
2. You want to avoid high-risk investments.
3. You wish to generate additional cash flow
4. from non-registered liquid assets.
5. You want to pass on an estate to your heirs.
6. You wish to maintain your cash flow but
7. increase the estate you pass on to your heirs.
8. You are not already claiming the $1,000 pension income

How many types of annuities are in Canada?

There are 3 types of annuities in Canada:

1. Single Life annuity – provides a series of income payments for your life. You cannot outlive your payments.
2. Joint life annuity – provides a series of income payments for as long as you or your spouse live.
3. Term certain annuity – provides a series of guaranteed income payments for a chosen period.

You can purchase an annuity with registered or non-registered investments:

1. Registered funds
• Registered Retirement Savings Plan (RRSP)
• Registered Pension Plan (RPP)
• Registered Retirement Income Fund (RRIF)
• Life Income Fund (LIF)
• Locked-in Retirement Income Fund (LRIF)
• Deferred Profit Share Plan (DPSP)
• Locked-in RRSP/ Locked-in Retirement Account (LIRA)
• Restricted locked-in savings plan (RLSP)
2. Non-registered funds
• Savings
• Investments

How Are Annuities Taxed?

Tax treatment of life and term annuities depends on source of premium (registered/non-registered), and (for non-registered annuities), on whether the contract meets requirements for prescribed taxation.

1. Registered Annuities

Annuities purchased with funds from a registered retirement savings plan (RRSP), spousal RRSP, registered retirement income fund (RRIF), spousal RRIF, deferred profit sharing plan (DPSP), locked-in plan or pension plan are considered registered annuities. Every dollar paid to the client is taxable as income in the year it is received.

2. Non Registered Annuities

The taxation of non-registered annuities depends on whether the requirements for qualification as a prescribed annuity contract are met. It’s important to note the income payment doesn’t change between prescribed and accrual taxation; just the amount of income that’s taxable each year.