Like almost everyone you know, you'll have to start to plan for your retirement. It's about making a difference for the future not only for yourself, but also for the people you love.
So, what's the difference between a fixed annuity and a variable annuity? A fixed annuity allows you to receive regular payments after a certain period of time. With a variable annuity, on the other hand, payments will fluctuate based on how the underlying investments perform. If you’re unsure which option will work best with your needs and lifestyle, feel free to contact our network of expert advisors in Hanover. 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 Hanover, 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, the lump sum benefit amount of this critical illness insurance coverage can range from $25, 000 to $2, 000, 000. You can count on annuity in Hanover 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 Hanover are especially for couples; and the Life Annuity with a Guarantee option is suitable for practically everybody.
Hanover has a public annuity policy system that provides a minimum level of mandatory coverage to vehicle owners when they purchase license plates.