WHERE CAN I BUY AN ANNUITY IN SURREY
Surrey Annuity Solutions for a Worry Free Retirement
Surrey residents looking to enjoy a worry free retirement often turn to life annuities to establish a reliable income stream for life. If you're 55 or older and you are considering retirement options, I can help you navigate Canadian income annuities to find a solution that fits your need.
Guaranteed retirement income in Canada can be achieved through guaranteed annuities. You could choose an immediate single life annuity or a joint life annuity. Lifetime annuities in Canada convert your savings into dependable monthly payments for the rest of your life.
In a growing community like Surrey, it's important to ensure your financial plan matches your goals. Lifetime payout annuities protect against outliving your savings. You can enjoy peace of mind during retirement. Whether you’re looking to just cover basic essentials or you may wish to create income to enjoy travel, hobbies, Canadian annuities with lifetime payments provide consistency and security.
John Beaton's Sample Annuity case illustration
|
In early 2025 I was contacted by a husband and wife in there late 60's asking how much they could expect to receive if they invested $204,200 from their RRSP for a registered joint life annuity with a ten year guarantee period. I conducted a free annuity rate comparison survey for registered joint life annuities and found that the best current payout from all of the major Canadian life insurance companies was $1,085 per month for the rest of their lives. Please note that annuity rates change weekly and sometimes more often. The ten year guarantee period that this couple chose, guarantees payments for the first ten years after payments start. If both husband and wife die before the end of the first ten years, then any unpaid guaranteed payments can be directed to a named beneficiary. If only one of the joint annuitants dies, either during or after the guarantee period ends, the surviving spouse continues to receive the same monthly payment for the rest of that person's lifetime. |
Lifetime Pay Annuities in Canada
I offer Surrey residents comparisons of the best life annuity rates available in Canada. You get to choose the most suitable product from the top life annuity providers. I'll help you find the best income available.
- Single Life Annuities - guaranteed income for life for one person
- Joint Life Annuities - guaranteed income for life for two persons/span>
- Term Certain Annuities - choose an income term that suits your circumstances
Understanding the taxation of life annuities in Canada is important. The income from registered annuities is fully taxable. The income from non-registered funds is the portion of each payment that is considered interest. A non-registered prescribed annuity produces preferred level taxation for life of the annuity.
Surrey retirees often ask how to purchase life annuities in Surrey. I simplify the process by offering free annuity quotes and cost comparisons, so you can evaluate whether or not an annuity is for you.
You will not be charged any fees from the broker or the insurance company you choose.
Get Your Free Annuity Payout Comparison
Click here to get your free annuity quote - no fees, no obligations. We’ll compare top Canadian annuity providers and help you explore your best options for life annuities in Surrey.
You can verify John Beaton’s Canadian insurance license credentials, by searching herefor John Beaton at B.C. Insurance Council, under life and accident and sickness.
- Email: john@annuitybrokers.ca
- Phone (Lower Mainland BC): 604-535-2404
- Toll-Free: 1-800-667-8818
