You can structure an annuity to provide you with a guaranteed income stream for as long as either you or your spouse is living or you have the ability to select a pre-determined number of income payments.

An annuity is a great way to ensure that your fixed expenses are covered for the rest of your life. This is a simple retirement planning option that ensures you won’t outlive your money.

Insured Annuities

An insured annuity allows you to transfer a portion of your wealth (typically in non-registered funds) while enhancing your after-tax income during retirement. This is done by using a part of the income from the annuity to purchase a permanent life insurance policy. It is best to determine the cost and ensure that you would qualify for life insurance before committing to an annuity for this purpose. One thing to remember with an annuity is that it is irrevocable once purchased.

Contact us to today if you are looking for a guaranteed income stream during retirement.