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Understanding Annuities

UNDERSTANDING ANNUITIESWhat is an annuity?

Are you looking for an investment that could pay more than a guaranteed investment certificate (GIC)? Do you worry about the volatility of your portfolio and whether the income is sustainable and will last your lifetime? With an annuity, in exchange for a one-time deposit, you receive guaranteed, regular income for life with no stock market exposure.

Where To Start

If you do an internet search for annuities, you’ll find that most major life insurance companies will be listed first and have basic information about the types of annuities offered. However, consumers cannot buy directly from them.  Therefore I recommend that you find a broker which is a “life licensed” agent offering annuities from all the major insurance companies. Here is an alphabetical list of companies that I work with.

  • Assumption Life
  • BMO Insurance
  • Canada Life
  • Desjardins Financial Security
  • Empire Life
  • Equitable Life
  • Manulife Investments
  • RBC Life Insurance Company
  • SSQ
  • Standard Life
  • Sun Life Assurance Company of Canada
  • Wawanesa

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What’s New with Variable Annuities (GMWB): 2014

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What’s New with Variable Annuities (GMWB):Q3-2013 Update

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