Income Annuities

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Product details

Types of income annuities

Life annuities
Guaranteed income for the life of the annuitant, issued on a single life or joint life basis.
We offer an optional “guarantee period.” If the annuitant dies during this period, the remaining guaranteed payments go to the beneficiary.
This annuity can be funded from non-registered and registered funds, including R R S P s, L I R A s, R R I F s, L I F s, R P P s and D P S P s.
Term certain annuities
Clients will receive a guaranteed number of income payments, which will be paid to your client’s beneficiary if they die before the term ends.
This annuity can be funded from non-registered and registered funds, including R R S P s and R R I F s.

We offer a 10-day guarantee for non-registered funds and a 45-day guarantee for registered funds.

Use the Wave Illustration system to prepare quotes and access resources. We also accept CANNEX quotes.

Our staff are available to answer questions and provide premium support.

Income Annuity Application Smart Form
A simple tool with step-by-step instructions to complete an income annuity application with B M O Insurance.
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Wave Illustration System
Generate professional quotes with ease, to assist in reliable insurance planning.
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CANNEX
Illustrate and compare various income annuities and access real-time B M O Insurance quotes. We accept CANNEX generated quotes with your client’s income annuity application.
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