Responsible annuities

There are lots of ways you can convert your RRSP or other savings into retirement income. Annuities fit in nicely with a balanced retirement income strategy.

You can use an annuity to:

Obtain income to cover your basic needs

Annuities provide guaranteed, regular income that you can use to cover your basic needs, like rent, food and transportation. You also have the option of protecting your annuity against inflation to help you keep up with cost-of-living increases.

Keep investing to boost your income

The income generated by this strategy will allow you to earn extra income so you can treat yourself to something special, leave an inheritance or do anything else you want!

We offer a number of annuities and options. Choose what’s right for your needs!

One of our representatives will be happy to help you!

Types of annuities

Features	Life annuity	Term certain annuity	Advanced life deferred annuities (ALDA)
Protection for your spouse (or a beneficiary of your choosing)	Optional	If you die before the end of the guarantee period	Optional
Payment period	Until death You can also choose to have annuity payments continue for your spouse or a beneficiary after your death	Set period Minimum: 1 year Maximum: until you turn 90	From the end of the deferral period, until death Available option: you can choose to have annuity payments continue for your spouse after your death
Payment amount (determined at purchase)​	Based on your life expectancy and amount invested Not impacted by market fluctuations	Based on the guarantee period Higher than a life annuity	Based on your life expectancy, the amount invested and the duration of the deferral period Not impacted by market fluctuations
Deferral period	Max: 5 years	Max: 5 years	Minimum term of 5 years Maximum: 30 years Payments can begin no later than the end of the year in which you turn 85 years old
Indexation (inflation adjustment): Your payments will increase to keep pace with the cost of living	Optional	Optional	—Not included
Joint and last survivor option: After you die, your spouse will continue to receive annuity payments for life	Optional	—Not included	Optional
Guarantee period: Your payments are guaranteed for a set period of time. If you die before the guarantee period ends, your beneficiary will either receive the death benefit or continue to receive annuity payments for the remainder of the period	Optional	—Not included	—Not included
Protection from Assuris: If your insurer declares bankruptcy, you’ll still receive your annuity payments up to a maximum amount protected by Assuris

This year, business was booming and you made decent money… but you don’t know what the future has in store.

With an annuity for artists, you can convert some of your recent earnings into guaranteed, regular income for down the road. This type of annuity is a great way to ensure your financial security. It’s also a simple and effective tax-saving strategy!

Features

• Available in Quebec only.
• You can stagger payments over 1 year (minimum) up to 7 years (maximum).
• You can use any income you make over and above $25,000 in a given year to purchase your annuity.
• You can purchase your annuity with a single payment.
• You can draw on all or some of the money left in your annuity whenever you’d like.

Contact your representative for more information about the annuity for artists and all the advantages it has to offer.