Despite the current period of low interest rates, annuities have many features that appeal to clients.
January 27, 2012
Despite the current period of low interest rates, annuities have many features that appeal to clients.
January 27, 2012With uncertainty surrounding pension plans, Peter Wouters, director of retail insurance products and marketing with Kingston, Ont.-based Empire Life Insurance Co., says many investors are still looking for a guaranteed source of income that lasts a lifetime. He explains how annuities can work in an environment of low interest rates. He spoke with reporter Olivia Glauberzon at the TMX Broadcast Centre in Toronto.
These days, many clients are seeking out annuities to provide stable income in retirement
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