An annuity is an investment that will convert a lump sum of funds from your RRSP or non-registered income for the rest of your life.

When it is time to consider purchasing an annuity, you have a number of choices.

Retirement Income Planning Act

Most companies have a long history and offers a range of alternatives to secure your retirement income. You can choose the most competitive ways to make the most of your pension fund registered or unregistered.

Factors affecting annuities

Interest rates
- Life annuities are influenced by interest rates and other market factors.

Mortality
- Your life and your spouse has an impact on the annuity income. The older you are, the more income you receive.

annuity options
- The options up front will affect your annuity income. The choice of a longer warranty period is to reduce the amount of income.

Type
- Income kick-off is higher than for a man a woman, on average, women live longer.

annuity options

Single life annuity
- You pay an income for the rest of your life.

Annuity reversible
- You pay a lifetime income. After death, your surviving spouse will still receive an income for an agreed level.
The level is a percentage of your income, usually 100%, often a different number.
The partners will continue for a retirement pension for the work of his life.

income level
- You pay a fixed income, which agreed to the question.

The increase in revenues
- You pay a pension that increases each year a fixed percentage.

Guarantee
- Your annuity income will continue to the beneficiary of your estate upon your death if you die during the warranty period.

N
warranty
- Your annuity income will cease at the death, when we intend to live together, where the income stops the second death.

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