Guaranteed Income Options with Annuity Products

Guaranteed Income Options with Annuity Products

Manager, Insurance and Estates, Odlum Brown Financial Services Limited

Estate and Insurance Planner, Odlum Brown Financial Services Limited

For many clients, annuities may provide a solid foundation for guaranteed retirement income. Annuities can range from the simple life annuity to a more complex variable annuity (commonly referred to as a guaranteed minimum withdrawal benefit plan, or GMWB). In this article, we will exclusively discuss life annuities.One of the most common questions we are asked is, “How much income would I receive from purchasing a life annuity?” Several factors influence the income received from a life annuity, including the: Demographics […]

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