Tagged: 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...

Canadian 2017 Life Insurance Tax Changes 0

2017 life insurance tax changes - time is almost up!

Life insurance is an important planning tool for many Canadians. For some the protection required is temporary in nature– simply replacing income or protecting a mortgage. For others, life insurance proves invaluable in the long-term, allowing people to meet their estate planning and business succession needs. Permanent life insurance in Canada has the added benefit of...

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