Category: Annuities

How do Annuities Work 0

How Do Annuities Work In Canada?

An annuity is a contract with a life insurance company. You deposit a lump sum of money, and they agree to pay you a guaranteed income for a set period of time — or for the rest of your life. Annuities are most commonly used to generate retirement income. Annuity Basics You can buy an annuity with money from a RRSP,...

0

My Comments on “Planning can help you make sure your retirement savings will last” Article

Here are my comments to a June 11, 2018  article in the Toronto Star “Planning can help you make sure your retirement savings will last” by Ellen Roseman. Good article but there are some additional concerns that need to be included in this conversation. The 1st is health. I have clients who saved like mad but now, in their Read More

The post My Comments on “Planning can help you make sure your retirement savings will last” Article appeared first on Annuities & Retirement Planning.

How much should I pay for life insurance? 0

My Comments on “Annuities may offer security in uncertain times” Article

Here are my comments to a March 19, 2018  article in the Toronto Star “ Annuities may offer security in uncertain times” by Lee Schafer. Nice article Lee and I would like to make some comments. Non-registered life annuity contracts can be guaranteed for a lot longer than 20 years. I have a client with a Read More

The post My Comments on “Annuities may offer security in uncertain times” Article appeared first on Annuities & Retirement Planning.

0

Buy Now or Buy Later?

Good afternoon everyone, We are often asked about the best age to buy an annuity and today we are going to give you some information which should help you to decide. People want to receive the highest income and to meet that request we give you quotes from all the companies, along with various guarantee Read More

The post Buy Now or Buy Later? appeared first on Annuities & Retirement Planning.

Life Insurance Shopping Tips 0

Life Insurance Becomes An Annuity

1ST SCENARIO You both buy $250k and one partner subsequently dies. The surviving partner uses $30,000 ($25,000 after tax) to replace your income for the family The fund lasts 10-12 years and your partner receives zero help for retirement. 2nd SCENARIO You buy a joint $1M on your lives and one subsequently dies The surviving Read More

The post Life Insurance Becomes An Annuity appeared first on Annuities & Retirement Planning.

0

What are annuities paying today?

Are annuities paying today less or more income than the payments yesterday? Possibly, because the companies change the rates in line with their current investments. Annuity payments today may be different from yesterday or tomorrow. And those payments are usually a little more or a little less. And the reason payments may change is due Read More

The post What are annuities paying today? appeared first on Annuities & Retirement Planning.

Can't Find Life Insurance Companies Canada 0

What Is An Annuity For Retirement?

Purchasing a life annuity is one way to ensure a more comfortable retirement. But what is an annuity for retirement and how does it work? Click here for more.

The post What Is An Annuity For Retirement? appeared first on Annuities & Retirement Planning.

Canada Pension Plan 0

My comments on a recent article: 30,000 ‘missed out on extra cash’ by taking annuity with existing provider

This is what happens when people do not bother to shop for an annuity policy. 30,000 ‘missed out on extra cash’ by taking annuity with existing provider Research by the Pensions Policy Institute for insurer LV= found that around 30,000 people across the UK potentially missed out on additional income by not shopping around.  – Read More

The post My comments on a recent article: 30,000 ‘missed out on extra cash’ by taking annuity with existing provider appeared first on Annuities & Retirement Planning.

0

5 Key Advantages of a Life Annuity

Are you looking to retire but don’t know what type of financial plans you should pursue? A life annuity may be best for you for a number of reasons. For instance, if you have a life annuity, you are guaranteed not to outlive the income afforded through this financial plan. Below we outline the five Read More

The post 5 Key Advantages of a Life Annuity appeared first on Annuities & Retirement Planning.

%d bloggers like this: