Where Can I Buy An Annuity In Burnaby?
Are you looking for a stable income in retirement? For residents of Burnaby, BC, annuities provide a reliable solution for long-term financial security. At Beaton Annuity Services, we understand the importance of securing a consistent income stream once your working years with a paycheque end. With annuities, you can achieve financial stability and enjoy peace of mind throughout your retirement. I help individuals aged 55 and up explore Canadian annuity options and help secure long term financial stability.
An annuity is a financial product that provides regular payments in exchange for an initial lump sum of investment. In Burnaby, annuities are commonly used as a retirement strategy, offering predictable income to supplement other savings or pensions. They are designed to provide long term financial security, especially in retirement.
One of the main benefits of Burnaby annuities is that they provide a steady, predictable income. This is especially helpful for those who are retired or nearing retirement and want to ensure they don’t run out of money. An annuity can help cover everyday expenses like healthcare, housing costs, and bills, allowing you to live comfortably. John Beaton, at Beaton Annuity Services, creates personalized plans to fit your unique financial needs, so you can enjoy a secure and stress free retirement.
Whether you want a single life annuity or joint life annuity with spousal protection, John Beaton helps tailor solutions to your needs.
There are several types of annuities available in Burnaby, BC, each offering different features and benefits. Some common types include:
- Term Certain Annuities: Provide guaranteed payments for a specified period.
- Single Life Annuities or joint life Annuities: Ensure that you receive regular payments for the rest of your life, no matter how long you live.
- ALDA: A single life annuity or a joint life annuity for investors who have a registered savings surplus and wish to defer income beyond the required age to start taking taxable income, thereby reducing the taxation of their retirement income and spread out their payments over time.
Compare the Best Life Annuity Rates in Canada
John Beaton works with top Canadian insurance companies offering life annuities to help Burnaby residents access the best rates available. John provides annuity quotes from different insurance companies and explains the differences between providers to simplify your decision.
Understanding taxation is key. I'll help you determine if prescribed taxation applies to your annuity. This can be beneficial when purchasing with non-registered funds. If using an RRSP or RRIF, income is fully taxable.
As a British Columbia annuity broker with four decades of experience helping BC retirees, I'll help you explore annuity providers in Canada and select the one that aligns with your lifestyle, retirement goals, and income expectations.
Get Your Free Annuity Payout Comparison
Click here to get your free annuity comparison quote. No fees and no obligations to purchase. Compare top annuity providers to help you choose the right source for your retirement annuity in Burnaby.
For added peace of mind, you can verify John Beaton's British Columbia insurance license credentials by searching here for John Beaton at B.C. Insurance Council, under life and accident and sickness.
Contact John Beaton for Burnaby Annuities
I'm John Beaton, a Canadian annuity broker helping retirees across British Columbia. If you live in Burnaby, I'll help you make confident, informed decisions about your retirement.
You can reach John Beaton by email at john@annuitybrokers.ca, by phone at 604-535-2404 (Lower Mainland), or toll-free at 1-800-667-8818.
Let's explore your guaranteed retirement income options so you can enjoy life in Burnaby with confidence.
