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.
Are you interested in understanding the difference between a fixed annuity and a variable annuity? In essence, a fixed annuity provides regular periodic payments after a set period of time. With a variable annuity, however, payments can vary depending on how the underlying portfolio performs. If you’re unsure which solution will work best for you, don’t hesitate to contact our network of expert advisors in Viking. We have more than 70 years of experience helping Canadians just like you make the right investment choices through annuities, RRSPs, TFSAs, and more.
Whether it's a fixed annuity or a variable annuity in Viking, 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. Guarantee your protection, with annuity in Viking from
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 Viking are especially for couples; and the Life Annuity with a Guarantee option is suitable for practically everybody.
Viking has a public annuity policy system that provides a minimum level of mandatory coverage to vehicle owners when they purchase license plates.