A secure source of retirement income
Medical advances and healthier lifestyle choices mean people are living longer but you may worry about outliving your money.
When you use a lump sum investment to purchase an income annuity, you receive regular payments for a specific time period or for life.
Those payments are guaranteed so you have a worry-free, dependable source of retirement income.
- Payments are guaranteed
- No need to manage an investment portfolio
- Income annuities help make retirement years simple, not more complicated
- Inflation protection option available
Choose your plan
Choose the amount of income or the period of time you want to receive payments
Single Life Annuity
- Provides income for as long as you live
- If you choose a guaranteed period on your annuity, your income payments will be guaranteed for the selected number of years
- If you die during the guaranteed period, your beneficiary will receive a death benefit
- Buy an income annuity between $10,000 and $500,000 (non-registered) / $1,000,000 (registered).
Full details, terms and conditions are available on request.
Insurance benefits are tax-free payments under current legislation.