Stewart Financial Services

Annuities

In simplest terms, an Annuity is a financial contract between you and an Insurance company. You deposit an amount of money with the insurer and, in return, receive guaranteed payments of a pre-determined amount that generally last for life.

 

Examples of Annuities include the Canada Pension Plan (CPP), Old Age Security (OAS), and a Pension Plan paid from your workplace, in addition to various personally owned Annuities. Annuities are rigid but in return, you receive a fully guaranteed income vehicle.

 

Although individual terms and conditions vary significantly, Annuities share several common features:

 

Payment Amount Payment Frequency Taxes

Annuties More Information click here

 

Annuities can represent an important component in any Retirement Strategy, offering two powerful benefits:

• Security: Regular income of a pre-determined amount that is guaranteed for life .
• Convenience: The freedom of no longer having to manage your Investments.This transfers all of the Investment risk from you to the Insurance company.

Is an Annuity for you? Consider these factors in your decision:

• your age
• need for a regular flow of Retirement Income
• need for occasional access to additional capital
• your ability and interest in actively managing your Investments
• family and Estate Planning considerations
• concern over inflation

 

For many individuals, the decision to purchase an annuity can change over time as their personal situation changes. Contact Stewart Financial Services for more information about Annuities and other Investments with Guarantees opportunities to meet your current and future needs and lifestyle.