Annuities

Annuities are one of the options available to help fund your retirement needs. They are an ideal investment when you want to turn all or part of your savings into a safe and guaranteed income stream.

Annuities are distinguished from other Retirement Income Options as they are binding contracts between you and the issuer and provide you with a set amount of money on a payment schedule (weekly, bi-weekly, etc.) The size and the duration of the payment is determined or calculated by the original investment, the payment frequency, the type of the annuity option, and your age and gender.