Where Can I Buy An Annuity in Abbotsford
If you're nearing retirement in Abbotsford, BC, you may be wondering how to best turn your savings into dependable income. A life annuity can offer exactly that, regular, guaranteed payments for life. At Beaton Annuity Services, I help Canadians aged 55 and older evaluate annuity options to create financial security in retirement.
Annuities are increasingly becoming a popular choice for individuals in Abbotsford, BC, especially for those looking to secure a steady income during retirement. An annuity is a financial product that provides regular, guaranteed payments, either for a set period or for the rest of your life. For many Canadians, annuities offer a smart way to ensure a stable and predictable income after retirement, offering peace of mind in an uncertain financial landscape.
A life annuity is a financial product that provides a consistent income stream in exchange for a one time lump sum payment. Offered by most Canadian life insurance companies, life annuities guarantee you a fixed income for life, no matter how long you live. This makes them ideal for retirees concerned about outliving their savings. In Abbotsford, annuities are particularly appealing as they help protect individuals from the risk of outliving their savings. Whether you choose a life annuity, term certain annuity, or joint life annuity, you can be confident that you’ll receive consistent income for the duration of the contract. This is especially valuable for retirees who want to avoid the uncertainty of fluctuating markets or the stress of managing their savings long-term.
Retirees in Abbotsford enjoy green spaces, community living, and a slower pace of life. But rising costs and volatile markets can still make retirement income planning stressful. Canadian annuities with lifetime payments provide peace of mind by ensuring fixed, predictable income for life. Whether you want payments to start right away (immediate annuities) or at a later date (deferred annuities), John Beaton can help you find the right annuity for your circumstances.
At Beaton Annuity Services, I compare annuity rates and features offered by Canada's top insurers. Some Abbotsford clients prefer single premium life annuities for simplicity, while others choose joint life annuities to ensure their spouse is included in receiving lifetime income. The following are some reasons why you might buy an annuity.
- Immediate Life Annuities: Begin paying within the first year
- Deferred Life Annuities: Start at a future date, ideal for long term planning
- Single Life Annuities: Lifetime income for one life
- Joint Life Annuities: Lifetime income for two lives
Your annuity rate depends on your age, gender, and the amount you invest. John Beaton helps Abbotsford seniors compare lifetime annuity payouts in Canada in order to find the best life annuity payout. The goal is to help maximize monthly retirement income.
Tax treatment depends on whether you use registered or non-registered funds. Annuities from registered sources like RRSPs are fully taxable, while non-registered annuities may qualify for prescribed taxation, thereby, reducing your annual tax burden. John Beaton will walk you through the pros and cons to help you make informed choices.
As an independent Canadian annuity broker, John Beaton is not tied to any particular insurance company. John compares products from all leading insurers, including Canada Life, Sun Life, Empire Life, and more, to recommend what's best for you. You'll receive unbiased, transparent advice. You will only receive the information you request, nothing more, nothing less.
Get a Free Annuity Payout Cost Comparison
If you live in Abbotsford, we will be happy to provide a free annuity quote and market survey to you. It includes guaranteed payouts and options tailored to your needs. No obligation, just helpful guidance.
Get a Free, no obligation Annuity Comparison Quote by clicking Here
If we meet face to face, I gather any documents you provide and keep them at my office under lock and key. If we transact business at a distance, I provide a secure, encrypted e-mail service to allow safe encrypted transfer of documents.
You've worked hard to build your savings. Now let's protect it, and turn it into lifetime income you can rely on.
For added peace of mind, you can verify John Beaton's Canadian insurance license credentials, by searching here for John Beaton at B.C. Insurance Council, under life and accident and sickness.
You can also reach John Beaton directly by email at john@annuitybrokers.ca, by phone at 604-535-2404 (Lower Mainland), or toll free at 1-800-667-8818.
