| Visit Our Official
Website : Guaranteedinvestments.com
 Canadian Annuities
An annuity is a form of insurance or investment in which the investor is entitled to a series of regular returns/payments. The person who is investing the funds or the principal amount is called the investor and the company through which the annuity is purchased is called the issuer. Annuities are typically suitable for individuals who are nearing retirement or over the age of 60 years.
Annuities are often used by risk-averse, conservative investors who have non-registered accounts. Deferred annuities are often used by those who do not expect the need to generate income from the annuity for a number of years. Immediate annuities, on the other hand, generate a stream of payments starting immediately, and often lasting for the life of the annuitant and in some cases the life of the spouse, if part of the annuity contact.
Canadian Annuity Types
Canada offers a range of annuities for all types of investors. Because the annuity is a contract obligating the insurance company issuing the annuity to provide specific benefits, returns and withdrawal benefits are guaranteed by the issuer.
No mutual fund, bond or stockbroker can guarantee investment results, or that the annuitant will never outlive his or her income. Annuity issuers can and depending on the specific product, will provide additional features which form a part of the annuity contact.
Things you should know…
Before you put money into an annuity, there are certain things to consider:
Immediate vs. Deferred
Remember: Annuities are designed to provide a stream of income, either immediately or at some point in the future. If you want that stream of payments to begin immediately then you should consider investing in immediate annuities. If you are saving to provide for a stream of income in later years, then you should consider a deferred annuity. Some annuities never allow an individual to cash out.
Fixed vs. Variable
Fixed annuity investments offer a guaranteed rate of return over a period of one to fifteen years. The issuer takes on all market risk. The annuity owner bears no market risk. Variable annuities, on the other hand, allow you to invest in a selection of portfolios which are tied to market performance. Variable annuities allow you to direct your money into a selection of subaccounts. Each subaccount may generate a different return, and some or all subaccounts you select could lose money. When you own a variable annuity, your eventual income payments are linked in most cases to a portfolio of investment or securities which can include stocks, mutual funds, bonds, guaranteed investments funds and other types of investments.
Liquidity: In most cases annuities are not considered liquid investments. You should consider whether and how you as an investor can retain access to funds in the case you need funds for a variety of reasons. It is extremely important to fully understand the features of every annuity - including whether the annuity is fully cashable or even partially cashable. In most cases annuities are not cashable.
Guaranteedinvestments.com helps clients select the best from among these fine annuity products:
•Single Life Annuities
•Joint Life Annuities (for either or survivor of the spouses)
•Cashable Annuities (can be exchanged for cash in certain conditions)
•Term Certain Annuities (fixed monthly income till the age of 90) ( or another fixed term)
•Variable Annuities (varying rates of return with a minimum amount guaranteed as payable)
If you are looking for annuities in Canada, Guaranteedinvestments.com provides investors with a range of Canadian annuities with very competitive payments and rates. In addition to annuities, Guaranteedinvestments.com also provides potential investors access to an extensive selection of secure and dependable investment alternatives, including guaranteed investment funds, GICs, guaranteed minimum withdrawal benefit plans, guaranteed lifetime withdrawal benefit plans and much more.
|
