Guaranteed Income Amount Depends On Client, Timing

Guaranteed Income Amount Depends On Client, Timing

These factors are impacting guaranteed income. If one of the main reasons to buy annuities is to receive guaranteed income in retirement, then which type of annuities provides the greatest guaranteed income?

CANNEX researchers put a number of different annuities to the test in an attempt to solve that puzzle. The answer is — it depends.

A CANNEX report compared different annuities that have equivalent benefits. Researchers found that the highest guaranteed income product varies significantly depending on the client — whether a man or a woman, a single person or a couple — as well as when income begins.The report […]

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