What is an Annuity?
An annuity is a plan that makes payments to you on a regular basis. It might be a general annuity, a payment from a registered retirement income fund (RRIF), or a variable pension payment. These payments are part of your total income and are reported on your tax return.
To learn all the facts, please contact me.
Source: Canada Revenue Agency
The Manulife Principal Protected AnnuityTM is a Life Annuity option that provides you with principal protection by ensuring the money invested will always be received as income to you or as a legacy for beneficiaries.
Life Annuities will provide you with guaranteed, regular income for life. They can be purchased as a single life, based on one person’s life, or as a joint and survivor, based on the lives of two people.
Term Certain Annuities provide investors with guaranteed, regular income for a selected period of time. Once this period is over, income payments cease and the annuity contract ends.
Prescribed Annuities offer preferential tax treatment if you are investing using non-registered funds. Each payment includes the same amount of interest and capital. This evens out the amount subject to tax and provides some tax deferral. A Manulife Annuity may qualify as “prescribed.”
For more information about annuity options, please feel free to contact us.
The Manufacturers Life Insurance Company is the issuer of all Manulife Annuities. Manulife Principal Protected Annuity is a trademark of the Manufacturers Life Insurance Company and is used by it and its affiliates under license.