Like most people, you know that you need to plan for your retirement. It's a matter of insuring for the future, not just for yourself, but for your spouse, children and the people who mean the most to you.
Not quite sure what the difference is 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 need expert guidance and advice to help decide which option is right for you, our network of advisors in Sherwood Park 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 Sherwood Park, 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. Get the advice you need, talk to your local Co-operators Financial Advisor.
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 Sherwood Park 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,
Sherwood Park has a public annuity policy system that provides a minimum level of mandatory coverage to vehicle owners when they purchase license plates.