Annuities in Vaughan Canada

Annuities are one of the simplest ways to ensure adequate income in your retirement. When you invest in annuities in Canada, you will receive a guaranteed regular payment from your insurer for as long as you live, or for a fixed term, depending on the type of annuity that you invest in. This payment is comprised of interest and a return of principle. An annuity is a lump sum investment, which makes it perfect for those who already have some savings, which they would like to turn into security for their retirement.


Annuities Canada

In Canada, there are a few conditions that determine the guaranteed regular payments that you receive from an annuity. These include:

  • Your age
  • Your partner’s age (in the case of joint annuities)
  • The period of time over which you’d like your income payments to be spread
  • The amount of your lump sum
  • Current interest rates


Types of Annuities Canada

There are three different types of annuities in Canada. They are:

  • Life Annuities – these annuities provide income payments until the end of your life
  • Joint Annuities – these are a type of annuity that you purchase with your spouse. Both of you will receive income payments until one of you dies. After the first partner dies, the surviving partner will continue to receive income payments.
  • Term Certain annuities – these annuities provide income payments for a predetermined length of time, or a term. After that term ends, income payments will expire.


For further information about annuities, and assistance in selecting the right type of annuity for you, as well as how much to invest, you can talk to one of our insurance brokers. The insurance brokers at Lifetime Insurance are only a phone call away, and support is available 24 hours a day, 7 days a week. We are committed to putting you first.

What Our Clients Say

Great job guys! Professional team that cares! Best life insurance brokers!!!

Brad BukovskyManager

Excellent service, prompt advise about my life insurance needs... very good experience !!!

John HollandManager
Call Us Now

Feel free to contact us today

Call Us Now
Our Email

Drop us a line anytime at
and we’ll get back soon.

Write Down A Message
Our Address

Come visit us at
240 Viceroy Road Unit 15,
Vaughan ON, L4K 3N9

See the Map
  • Complete This Inquiry and Get a No Obligation Free Quote