Your Wealth Advisor - Canada

You need your own Life Pension  Because …

"Insurance features you'll love"

Principal Protection: If you die prematurely the principal amount is not lost provided you select an appropriate guarantee period ensuring the income continues to a beneficiary and/or another feature that guarantees the amount invested (less any payments received) is paid in a lump some to a beneficiary. You can select the "cash refund" feature to ensure you get back what you spent with interest if something happens during any deferral period before your commence taking an income.

You can "test drive" the strategy and "change your mind": Many companies include a 30 day and some even a six month clause that allows you to "change your mind" if you are unsatisfied with your annuity decision or the sales process in any way.

No more re-investment risk: With an annuity you don’t worry anymore about how long to lock in your money. Better yet you don’t have to waste time and energy monitoring GIC rates or waiting for interest rates to go up.

No more unwanted market risk: With a Life annuity, you don’t have to worry anymore about managing RRIFs, stocks and bonds to provide yourself with an income.

Simplicty: Annuity income is paid automatically to your bank account just like a guaranteed for life paycheck.

Increased After-Tax Income: The annuity will provide an increase in after-tax income compared to traditional interest bearing investments such as GICs or Government of Canada Bonds.

Avoid customary and detrimental RRIF Withdrawal Rates and Restrictions.

Inflation Protected Income: Inflation Indexed Life Annuities are the only investment product you can buy that will provide a lifetime of income protected from the ravages of inflation, guaranteed.

Guaranteed Income: Annuity income is guaranteed 100% up to $2,000 per month and indexing features are covered. This income is insured by Assuris which is the insurance industry equivalent to the bank’s CDIC coverage.

Lifetime guarantee: No matter how long the annuitant(s) live, the income will pay them for their lifetime regardless of how long that is. If desired, the annuity can be structured to have a minimum guarantee payment period in order to recoup some or all of the principal regardless of when the annuitant(s) die.

"You, your family and your beneficiaries will like these features"

Privacy protection: Traditional investments and GICs transfer through your estate and that can take months. Your Will is a matter of public record which means you lose the right to keep your financial affairs private if assets pass through your estate.

Prompt Payment to Named Beneficiary(s): With a named beneficiary on an annuity policy, payments are paid directly, promptly & privately without having to wait for the estate to be settled. This gives the beneficiary(s) the funds immediately so that they can use them as they see fit.

"Your accountant will love these features"

Pension Tax Credit: Annuities often qualify for the pension tax credit which means that you and your spouse can each earn the first $2,000 of income tax free.

Income Splitting Benefit: Qualified annuity income can be split with your spouse. This means you pay less tax overall.

Reduction in Old Age Security (OAS) Clawback: Because the majority of the payment received from a non-registered Prescribed Annuity is a tax free return of principal. This will lower your annual taxable income each year and if you are experiencing clawback on your OAS payments, this can reduce (or possibly eliminate) this clawback.

Lower Taxable Income: Taxable income is lowered significantly as most of the non-registered annuity income is a tax-free return of capital. Annuities established on a prescribed taxation basis spreads out the income portion of the annuity over the lifetime of the annuitant.

"Features your stock broker, investment counsel & mutual fund salesperson won‘t like"

No more friction from fees: You avoid paying perpetual fee based asset management fees, MERs and/or trailing commissions on traditional investments.

"Features your Lawyer should like"

Creditor protection: Products with insurance companies are typically protected from creditors in the event of insolvency or a law suit when you have a designated beneficiary named on the policy."A Feature your lawyer may dislike"

No probate, legal or other administration costs: At death, as long as there is a named beneficiary on the plan, these funds will pass directly to the named beneficiary without forming any part of the estate. This will then bypass all probate, legal, trustee, and any other administration costs associated with winding up an estate.

Annuities are not a magic bullet and not all annuities have all the features listed above.

We will shop the entire market for the highest income and help you select the most appropriate features and guarantees for your unique situation.