NANAIMO ANNUITY
Nanaimo Annuities – Secure, Guaranteed Retirement Income on Vancouver Island
Are you planning your retirement in Nanaimo? Life annuities in Nanaimo 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+ explore their options and create retirement income strategies they can count on.
Why Nanaimo Residents Are Choosing Annuities
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
An annuity offers a worry-free way to turn your savings into predictable retirement income.
What Is an Annuity?
An annuity is a contract with a life insurance company. You invest a lump sum—typically from an RRSP, RRIF, TFSA, 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 – income for a set number of years
- Indexed Annuities – payments increase annually to account for inflation
Who Should Consider an Annuity in Nanaimo?
Annuities are ideal for retirees and pre-retirees 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 anymore—an annuity could be a smart solution. You may benefit from an annuity if you:
- Are 55+ 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
Independent Annuity Guidance from a Trusted Canadian Broker
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 fit for your needs.
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.
Request a Free Nanaimo Annuity Quote
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.
You can also verify Canadian insurance license credentials here.
Contact John Beaton at Beaton Annuity Services:
- Email: john@annuitybrokers.ca
- Phone (Lower Mainland BC): 604-535-2404
- Toll-Free: 1-800-667-8818
