Sun Life is considering allowing annuities to be purchased in installments
To offset inflation within an annuity, some insurers offer an indexing option, in which the payments that a client receives increase over time. But this option comes with the cost of considerably lower payments in the first few years of the contract
Eight of 10 people could get a more generous retirement income by shopping around: study
A new generation of products caters to clients who want guaranteed income, with some upside potential
Although low interest rates have punished annuity payouts, there are advantages in buying annuities now
They may not be exciting, but annuities can play an important role in retirement – especially for clients who are worried about outliving their money
Peter Wouters, director of tax and estate planning, Wealth, Empire Life Investments Inc., discusses how term certain annuities work and how they differ from life annuities. He runs through specific examples where term certain annuities would make a powerful contribution to client portfolios. Wouters spoke with Investment Executive reporter Megan Harman at the TMX Broadcast Centre in Toronto.
How to determine whether a client is a candidate for an annuity
All regulatory approvals received
New education tools help advisors make annuities more understandable to consumers