| If you’re.... | Consider a.... | The benefit |
|---|---|---|
| Concerned about market fluctuations | Single Life Annuity | Guaranteed income payment for life, irrespective of market and interest rate volatility. |
| Worried about not receiving all the due payments before passing away. | Single Life Annuity with a Guaranteed Minimum Payout Value. | All the payments will be made through the guarantee period to your beneficiaries. |
| Want to bridge the gap between early retirement and start of pension. | Term Certain Annuity | You will receive your income until the start of your pension. |
| Concerned that you will outlive your means of income. | Single Life Annuity | You receive guaranteed payments for the remainder of your life. |
| Would like to provide financial security for yourself and your spouse. | Joint Life Annuity | Your income is guaranteed for your and your spouse's lifetime. |
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An annuity is a simple retirement income option that provides guaranteed income with no market exposure.
How does it work?
In exchange for a single lump sum investment an insurance company will pay you income for the rest of your life or a chosen period of time. This income payment will include the return of principal investment as well as interest.
There are three types of annuities:
Single Life Annuity
This type of annuity provides guaranteed income for a lifetime of one individual regardless of market conditions or interest rate fluctuations.
Joint Life Annuity
This type of annuity, also referred to as Last Survivor Annuity, provides guaranteed income for the lives of two people regardless of market conditions or interest rate fluctuations. When the first person dies the income is paid to the surviving individual.
Annuity Certain
This annuity provides guaranteed income for a predetermined period of time or until you reach a certain age.
To get more information on annuities or to get a no obligation quote please complete a short enquiry form and we will be happy to assist you.
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