Annuities

The basis of an annuity contract is the deposit of registered/non-registered monies with a life insurance company which in turn provides the investor with a guaranteed income for a predetermined period or for life.

There are various types of annuities available. These include:

Life Annuity SUB-TOPIC OF TOPIC 8

A life annuity provides you with a guaranteed lifetime income.

• The insurance company is responsible for managing how the money is invested
• The contract is non-reversible
• The contract does not allow for access to the invested capital
• Provides the highest guaranteed income payments for life
• Guaranteed income payments for as long as you live
• no risk of outliving your income
• additional joint and survivor option to transfer payments to your spouse/partner

To learn more about these insurance products, Contact Kelvin Chong - Life Insurance Brokerss.