What is the difference between a rif and an annuity

Contact Customer Service telephone-angle. Find out more about RRIFs. Annuities Guaranteed Income. Find out more about guaranteed income. Find out more about LIFs. In the advice zone What is the Internet of Things 9 signs of phishing that don't lie What is social engineering? When should you start saving for retirement?

Maintaining your standard of living in retirement Maintaining your standard of living after retirement can be a challenge. How much do I need for retirement? Wish I could do it all over again, I would have stuck with property. You mention that there are no tax advantages, that both are taxed the same. Ask a Planner. Ask MoneySense. Annuities By Jason Heath on March 22, Igor is turning 71 and has a choice to make.

Here are the pros and cons of each. Comments Cancel reply Your email address will not be published. Related Articles. It's quite possible; Canadians are living longer, and many will live into their nineties. How can I be sure the insurance company will be around decades from now to pay income to me for the rest of my life? Many life insurance companies in Canada have been operating for some time and hold significant amounts of payout annuity wealth.

If you have more questions about RRIFs, payout annuities, or retirement solutions, talk with or send an email to a member of Sun Life Financial's sales team. Statistics Canada report, July 17, Also reported in National Post, July 17, Thirty-five years ago, those averages were age 84 for women and age 80 for men.

Life Tables, Statistics Canada, Think big. Grow your large-case business with SunTerm. Applying for life insurance In-force business New business and underwriting Payments on new applications Preliminary insurability inquiry Products no longer sold Service standards: In-force Service standards: New business.

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