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Immediate Annuity
A single premium immediate annuity
is secure, periodic income that you receive for a specific period
or for your lifetime. Highly volatile stock markets and low short-term interest rates make it a sound choice.
Since it is important to guarantee the payment of your fixed expenditures
throughout your lifetime, a single premium immediate annuity is the ideal
type of investment to help you reach this goal without risk.
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Who Should Consider a Single Premium Immediate Annuity? |
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Persons wishing to convert a portion
of their savings to a guaranteed fixed income. |
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Features and Advantages |
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At a time when life
expectancy continues to grow, it is essential to ensure that
your retirement funds are not exhausted during your lifetime. An
immediate annuity is the ideal way to prevent this from happening. |
In addition:
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Single premium immediate annuities
are available from life insurance companies only. |
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There are several types of immediate annuities, adapted to your
needs.
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Your periodic income is guaranteed.
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You receive an income for a specific period or for your lifetime.
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You avoid passing on certain legal fees to your heirs by designating
a beneficiary of your annuity contract (probate,
fees, for example).
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Products Available |
Two types of immediate annuities are available:
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the life
annuity, which provides you with an income for as long as you
live. The life annuity includes several options:
- an annuity established on your
person only or a joint and last survivor annuity;
- an annuity with guaranteed
repayment of the capital, with guaranteed payment of the capital and a floor cash refund or a guaranteed minimum number of payments;
- a level
income annuity (the amounts paid remain identical for the
term of the contract) or an indexed income annuity (the amounts
paid increase periodically according to a fixed percentage);
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the annuity
certain, which provides you with an income up to the end of
the guaranteed period. |
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For More Information |
For more details, you can read:
The Simplified Annuities guide (PDF – 505 KB)
The Retirement planning guide (PDF – 1 631 KB)
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