WHERE CAN I BUY AN ANNUITY IN NANAIMO

Are you planning your retirement in Nanaimo? Life annuities provide retirees with guaranteed income that lasts a lifetime. Whether you’re a lifelong resident or have chosen Nanaimo for its stunning coastline and active lifestyle, one thing is certain, having a stable income in retirement is essential. At Beaton Annuity Services, we help individuals aged 55 and older explore their options and create retirement income strategies they can count on.

Nanaimo is one of Vancouver Island’s most popular retirement destinations, offering ocean views, a temperate climate, and easy access to healthcare and services. But even in such an ideal location, retirees face financial questions: How long will my money last? What happens if the markets drop? Will my spouse be financially secure?

That’s why many Nanaimo residents are turning to annuities, which provide:

• Guaranteed monthly or annual income
• Protection from investment volatility
• Options to continue income for your spouse
• Tax deferred growth on non-registered funds

A guaranteed annuity works by converting your lump sum payment into regular, fixed income payments. The amount you receive is based on several factors, such as your age, the amount you invest, and the length of the annuity term.
For instance, let’s say you purchase a single premium immediate annuity. You make a one time lump sum payment to the insurance company, and in return, they guarantee that you will receive monthly payments for the duration of the agreement. These payments will not fluctuate, regardless of what happens in the market or how long you live.
The peace of mind that comes with a guaranteed annuity is one of its strongest advantages. You will know exactly how much money to expect and when to expect it.

An annuity offers a worry free way to turn your savings into predictable retirement income.

An annuity is a contract with a life insurance company. You invest a lump sum, typically from an RRSP, RRIF, or non-registered account and in return, receive regular payments. These payments can be set to last for your lifetime or for a specific period, depending on the type of annuity you choose.

• Life Annuities - provide guaranteed income for life
• Joint Life Annuities - ensure continued income for your spouse after your passing
• Term Certain Annuities - provide income for a set number of years
• Indexed Annuities - payments increase annually to account for inflation

Annuities are ideal for retirees and those planning to retire who value simplicity and financial security. If you want to ensure you don’t outlive your savings, or simply don’t want to manage your own investments, an annuity could be a smart solution. You may benefit from an annuity if you:

• Are 55 or older and looking for reliable income
• Do not have a workplace pension
• Want to provide income protection for your spouse
• Prefer guaranteed payments over market uncertainty
• Want a hands off approach to retirement income planning

What are the best annuity rates in British Columbia? At Beaton Annuity Services, we believe in providing transparent, independent advice tailored to your personal goals. John Beaton is an experienced annuity broker who compares annuity rates from all of Canada’s top insurance providers to find the best payout for you.

We proudly serve clients across Vancouver Island, including Nanaimo, Parksville, Ladysmith, and Qualicum Beach. Whether you’re investing $50,000 or a larger amount, we’ll help you build a retirement income strategy that works, no pressure, no sales tactics, just helpful support. As an independent broker, we work for you, not the insurance companies.

GET A FREE ANNUITY MARKET SURVEY TODAY TO FIND OUT HOW MUCH YOU CAN EXPECT AN ANNUITY TO PAY YOU

you are encouraged to reach out for a free annuity quote today. Together, we can plan for a retirement that offers both peace of mind and financial security.

Click here to get your free annuity quote - no pressure, no obligation. Let us show you how annuities can turn your retirement savings into secure income for life.

For your 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.

If you have questions, contact John Beaton at Beaton Annuity Services:

• Email: john@annuitybrokers.ca
• Phone (Lower Mainland BC): 604-535-2404
• Toll-Free: 1-800-667-8818