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.
Not quite sure what the difference is between a fixed annuity and a variable annuity? In essence, a fixed annuity provides regular periodic payments after a set period of time. The payments from a variable annuity, on the other hand, will vary according to the performance of the underlying portfolio. If you need expert guidance and advice to help decide which option is right for you, our network of advisors in Kenora is here 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 Kenora, 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 to investors in Kenora. The Single Life Annuity is for individual investors without dependents; Last Survivor and the Joint Life Annuity are designed for couples; Life Annuity with a Guarantee option is for anyone.
As a responsible corporate citizen, we believe in balancing our economic, environmental and social priorities. In fact,
Kenora has a public annuity policy system that provides a minimum level of mandatory coverage to vehicle owners when they purchase license plates.