It's important to have knowledgeable, courteous help when you have questions about an annuity in Victoria, because investing can be a bit intimidating to some. Annuities are an essential part of ensuring your future wellbeing and that of your loved ones.
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. With a variable annuity, however, payments can vary depending on how the underlying portfolio performs. If you’re unsure which option will work best with your needs and lifestyle, feel free to contact our network of expert advisors in Victoria. 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 Victoria, 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. For help choosing the option that's right for you, discuss your needs with 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 Victoria. 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,
Victoria has a public annuity policy system that provides a minimum level of mandatory coverage to vehicle owners when they purchase license plates.