Planning for your retirement is one of the most important steps in an individual's life. That's because investing is an essential part of protecting yourself and the ones you love for years to come.
Before deciding whether it's the right retirement strategy for you, researching annuities in Markham should be your first step. At
So, what's the difference between a fixed annuity and a variable annuity? A fixed annuity pays out a fixed rate of income after a certain date—very simple. Conversely, the payments from a variable annuity will vary, as they depend on the performance of the underlying portfolio. If you're not sure which option will suit you best, our network of expert advisors in Markham is ready to help. We’ve been helping Canadians prepare for the future for more than 70 years through investments including annuities, RRSPs, TFSAs, and more.
Whether it's a fixed annuity or a variable annuity in Markham, an annuity can become a vital income source following retirement, as they are essentially a contract made with a financial institution that provides you with a series of payments following retirement. Depending upon your needs, critical illness insurance coverage may provide lump sum benefit amounts which can range from $25, 000 to $2, 000, 000. For help selecting the right option for you, talk to a Co-operators Financial Advisor today.
Single Life Annuity, Joint and Last Survivor Life Annuity and Life Annuity with a Guarantee are the options available. The Single Life Annuity is for individual investors without dependents; Last Survivor and the Joint Life Annuity in Markham are especially for couples; and the Life Annuity with a Guarantee option is suitable for practically everybody.
As a responsible corporate citizen, we believe in balancing our economic, environmental and social priorities. In fact,
Markham has a public annuity policy system that provides a minimum level of mandatory coverage to vehicle owners when they purchase license plates.