Financial Services: Annuities in Canada with LMBF
Annuities are financial “vessels” that can accumulate interest with time in order to help an individual fund their various life expenses after retirement. Annuities are most often used to fund retirement, but there are riders you may purchase that can allow you to transfer any leftover money to your beneficiaries in the event of your death. LMBF’s advisors are here to help inform you on the various types of annuities in Canada, all of which can be used to help you with your financial goals and risk profile. We can help find you great annuity rates and a plan that works for your circumstances.
The Benefits of LMBF’s Annuity Products in Canada
Depending on your needs, LMBF’s advisors can offer you tailored advice on what type of annuity products may be best for your circumstances. We understand that the world of financial planning can be complex, which is why we are here to help you.
Outliving your retirement savings is a worrisome thought, which is why LMBF’s advisors are here to help preserve your peace of mind with annuity planning that works for your circumstances. We offer solutions that will help you achieve your financial goals.
- You want a stream of income after retirement
- You want peace-of-mind that you won’t outlive your savings
- You want the flexibility to transfer money to beneficiaries after your death
- Tax-deferred growth over time
- No contribution limits
- Tax advantages
- Safest option for long-term planning
- Less volatility
What is an annuity?
An annuity’s main purpose is to be used for retirement in order to address the potential risk of individuals and spouses outliving their future savings. Essentially, an annuity is a financial product that helps guarantee a fixed stream of income - typically for retires. There are two main stages to annuities, broken down into the funding or accumulation stage and the annuitization phase, which is the stage when payments begin to kick in.
Our Annuity Product Advisors
Traversing the world of savings and post-retirement funds can be complex, but you don’t have to do it alone. LMBF’s annuity product advisors and partners are top-rated in Canada and can help fit you with a strategy that helps you meet your financial goals - now, or well into the future. Because there are multiple different types of annuities in Canada, LMBF’s advisors can help you narrow down your options and choose a plan that is best suited to your circumstances.