Your Wealth Advisor - Canada

 

Do you have a trusted Wealth Advisor who can show you, guide you and negotiate the process with you?  

 

-  We are a rare breed indeed.

 

It's a À la Carte Menu, do you not know about all of the features you could be choosing from? 

 

- More than likely you are working on you own and struggling. Or with someone who does this once in a blue moon.

 

Are you looking on behalf of a family member and its starting to take way more time than you expected?

 

- Your heart is in the right place but this is not the time to try and do-it-yourself. Cutting corners on advice in this process could be very costly. Why would you take that risk for such minimal "potential" gain?

 

Have you considered: Principal Protection, Inflation Indexing, Escalating, Guarantee Periods, Refund Options, Prescribed Tax Treatment, Joint or Single Life, Probability of Survival at any given age, Life, Term Certain, Beneficiaries and Estate Planning features as it relates to the annuity purchase you are considering?    

- Probably one or two, but not definitely not as many as you should. You need professional assistance, this is not your "father's" annuity, or your "father's" annuity market.

Before you "do-it to yourself", do the smart thing and get the help from someone knowledgeable who specializes in risk-free solutions. If not me, get help from someone else who knows what to look for and where to find it. If you make an error out of lack of due diligence or inexperience you are truly going to feel awful.

Do the smart thing:

 Get proper advice, appropriate due diligence is absolutely essential.

Single Life - Non-registered
No Guarantee | 5-Year Guarantee | 10-Year Guarantee | 15-Year Guarantee | 20-Year Guarantee | 25-Year Guarantee

Single Life Male - Registered
No Guarantee | 5-Year Guarantee | 10-Year Guarantee | 15-Year Guarantee | 20-Year Guarantee | 25-Year Guarantee

Single Life Female - Non-registered
No Guarantee | 5-Year Guarantee | 10-Year Guarantee | 15-Year Guarantee | 20-Year Guarantee | 25-Year Guarantee

Single Life Female - Registered
No Guarantee | 5-Year Guarantee | 10-Year Guarantee | 15-Year Guarantee | 20-Year Guarantee | 25-Year Guarantee

Joint Life - Non-registered
No Guarantee | 5-Year Guarantee | 10-Year Guarantee | 15-Year Guarantee | 20-Year Guarantee | 25-Year Guarantee

Joint Life - Registered
No Guarantee |5-Year Guarantee | 10-Year Guarantee | 15-Year Guarantee | 20-Year Guarantee | 25-Year Guarantee

Term Certain - Non-registered
3-Year Guarantee | 5-Year Guarantee | 10-Year Guarantee | 15-Year Guarantee | 20-Year Guarantee | 25-Year Guarantee

Key rates

Bank prime | Credit Cards | Currency cross rates | Open mortgage, variable to 2 years | Closed mortgage, variable to 5 years | Closed Mortgage, 6 to 20 years30-270 days | 1-6 Years

Annuities have been employed successfully for over 500 years. They are one of the simplest vehicles to use for providing guaranteed income for life.  Certain types of Annuities can even be indexed to CPI so the incomes rise each year with inflation. Inflation Indexed Life Annuities are the only investment vehicle you can buy that will provide a lifetime of income protected from the ravages of inflation, guaranteed.

If you don’t have a strong bequest motive for this capital and simply want to maximize your guaranteed income you should consider an annuity. This strategy increases your crucial after tax income and eliminates unwanted investment risk for life. If you do have a strong bequest motive for this capital you should consider an Insured Life Annuity strategy. This will guarantee that the original investment or principle amount is paid to your heir’s tax free without probate when you die.

Simply put, when you purchase a life annuity, you get a guaranteed lifetime of income.  Some well known examples of annuities are Federal, Provincial and Teacher Pension Plans, the Canada Pension Plan, Old Age Security, a Defined Benefit Pension from previous employment. An Annuity is simply a “privately purchased” Defined Benefit Pension.

Non-registered Annuities can help in reducing tax and increasing your retirement income. You will transfer a specified amount of money to an insurance company and in exchange they will pay you a specific amount of money (typically either monthly, quarterly, semi-annually, or annually) every year for the rest of your life. Non-registered annuity payments includes a return of your capital portion that is totally tax free and a much smaller interest portion (the amount you declare as taxable income) which is taxable. A Prescribed Annuity has a level taxable portion that remains the same each and every year. Because the bulk of the payment is return of capital your taxable income is reduced. 

The amount of additional income that you could be missing is significant if you are an investor who is rolling over 1-year GICs, year after year, waiting for the rates to increase. Annuity rates are based on long term investment returns not short term GIC rates.

Click here for the Advantages of Annuities over Traditional Investments