Annuities

An annuity is similar to a mortgage payment that would work in reverse. Instead of borrowing money for your mortgage, you invest money with a life insurance company. In exchange for this investment, the life insurance company will provide you with regular income payments, containing both interest and principal, for a specified period of time, usually for the rest of your life.

Furthermore, if you purchase a non-registered annuity, you may expect significant tax advantages. Since the interest income can be averaged over the lifetime of the annuity, there is an appealing factor of tax deferral.

Our team of experienced financial services representatives will be happy to answer any questions that you have and help you choose the most appropriate annuity based on your needs and priorities.

Contact us for more information.