LANGLEY ANNUITY

Langley annuity

Annuities in Langley BC

A Langley annuity is a contract between an individual and an insurance company where the individual provides a lump sum of money to the insurance company and the insurance company guarantees a lifetime income to the individual. This arrangement essentially creates a guaranteed income stream for the rest of the individual’s lifetime.

how to buy annuities in Langley

Whether you are learning about annuities for the first time or you are seeking further information about whether or not they are right for you, I believe we have provided enough information on this website in order for you to decide if an annuity would be meaningful to you. As an annuity broker, I have over thirty years of experience with annuities and the insurance companies that sell them. If you would like to speak with me directly and reside in the lower BC area, you can call me anytime at 604-535-2404. If you reside outside of the lower mainland, call toll free at 1-800-667-8818.

It’s likely that you are curious about the amount of income you can obtain monthly from the amount of capital you have to put towards an annuity purchase, so we have provided a quick and easy way to provide you with this information. Below is a list of the Canadian life insurance companies that sell annuities in your area. If you have questions, you can call John Beaton at 604-535-2404 in the lower B.C. mainland or 1-800-667-8818 if you reside outside the lower mainland.

The following Canadian life insurance companies sell annuities in British Columbia.

Assumption Life

Beneva

BMO Life

Canada Life

Desjardins Financial Security

 

Empire Life

Equitable Life

Industrial Alliance Financial Group

RBC Life

Sun Life Assurance Company of Canada

Wawanesa Life Insurance Company

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Please note that the term guarantee period refers to the period of time that the insurance company must make payments to you, whether you are alive or dead. For a life pay annuity the most common guarantee periods are 5 years for registered funds and 7 years for non-registered funds. For a term certain annuity, guarantee period outlines the total length of time that payments are to be made to you.

Get Personalized Annuity Advice in Langley, BC with annuity broker, John Beaton

Planning for a secure and comfortable retirement is a top priority for many Canadians. Here in Langley, BC, many residents are looking for ways to ensure their retirement savings last throughout their golden years. Annuities in Langley, BC can be a valuable choice for providing guaranteed income throughout your retirement.

What is an Annuity?

An annuity is a financial product offered by insurance companies. With an annuity, you make a one-time deposit (called a premium) in exchange for a guaranteed stream of income payments in the future. Annuity in Langley, BC is becoming an increasingly popular option for retirees seeking financial security. These payments can begin immediately or at a later date, depending on the type of annuity you choose.

John Beaton: Your Langley Annuity Specialist

As a Langley-based insurance  advisor specializing in annuities, John Beaton, can help you understand your options and choose the right annuity product for your needs. John  works with all major Canadian insurance companies to offer you a wide range of annuity products. John focuses on single premium annuities, which provide a guaranteed income stream for the rest of your life.

Benefits of Working with a Langley Annuity Advisor

There are many benefits to working with a local annuity advisor:

  • Personalized Advice: I take the time to understand your individual financial goals and risk tolerance. This allows me to recommend annuity products that are a good fit for your specific situation.
  • Expertise: John has extensive knowledge of the annuity market and can explain the different features and benefits of various annuities.
  • Ongoing Support: John is here for you beyond the initial consultation, providing continued support.
  • Transparency: John ensures you fully understand all the terms and conditions, and potential benefits of the annuity options he recommends, so you can make well-informed decisions.
  • Streamlined Process: John can help you navigate the application process and ensure that your annuity is set up correctly.

What to Consider When Choosing an Annuity?

There are several factors to consider when choosing an annuity, including:

  • Your retirement income needs: How much income will you need to cover your living expenses in retirement?
  • Your desired payout options: Do you want to receive income immediately, or do you want to defer your payments?

Understanding Single Premium Immediate Annuities

As mentioned, John specializes in single premium immediate annuities. This type of annuity is ideal for those who are nearing retirement or are already retired and need a reliable source of income. Here’s how it works:

  • You make a single, one-time payment to purchase the annuity.
  • Income payments begin shortly after the purchase, typically within a month.
  • The amount of your income payments is guaranteed for the rest of your life, or for a specific period you choose.

This guarantee offers peace of mind, knowing you’ll have a consistent income stream regardless of market fluctuations.

John Beaton Can Help You Make Informed Decisions

John understands that choosing an annuity can be a complex decision. John is here to guide you through the process and answer any questions you may have. During your consultation, you can discuss your retirement goals and a personalized annuity strategy that meets your needs. John will explain the features of single premium immediate annuities in detail, ensuring you fully understand the commitment and the benefits.

Get a Free Annuity Quote Today!

Ready to learn more about how annuities can help you achieve your retirement goals? Contact John Beaton, today for a free, no-obligation consultation. He can be reached by phone at (604) 535-2404 or by email at john@annuitybrokers.ca. You can also visit the official website at www.annuitybrokers.ca for more information. Let’s work together to create a secure and comfortable retirement for you!

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    Annuity Details

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    Joint Annuitant