Guide to Annuities Infographic

This Guide to Annuities infographic illustrates how annuities work, the different types of annuities, and features and considerations to understand about these investments. Designed to help start the conversation, annuities should be part of any retirement planning discussion.

“Annuities are uniquely designed to provide a steady cash flow for people during their retirement years.”

An annuity is a financial product, purchased through a lump sum payment to an insurance company, and provides a pre-set distribution of income. Typically, it is used during your retirement years.

Annuity Features

Your clients’ personal income needs and sources of income will help to determine if annuities are right for them. These financial products have several unique features:

  • Predictable income
  • Payments are insured
  • Payments are guaranteed for life (or a specified term)
  • Fully taxable
  • Limited Liquidity

How Annuities are Protected

Canadian life insurance companies have the obligation to be members of a consumer protection agency called Assuris. In the unlikely event that a Canadian financial institution fails, consumers are protected by a variety of compensation plans. Discover more.

Companion Calculators

This Annuities infographic works well with the Retirement Planner in FreshPlan. The calculator considers up to five CPP, OAS pension income and other income which can include annuities. Find this and other retirement calculators in FreshPlan.

Infographic Features

  • Communicate complex concepts with vibrant, sharable, easy-to-understand infographics
  • Personalized for individual Advisors
  • Current and timely for client communications
  • One of many infographics included in FreshPlan software

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Communicate complex concepts from all areas of financial planning with current, visual infographics.

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