This tool is for illustration purposes only, speak with an advisor to find out what is right for you.
This is an income comparison only; we have assumed that only the RRIF minimum is withdrawn each year. This example also does not reflect any residual market value of the RRIF investment portfolio.
RRIF minimum withdrawal rates - based on Jan 1 value of funds in RRIF account.
POA income values assessed May 14, 2018 - 10 year guarantee period, with a one month deferral.
Annuities are designed to provide you with guaranteed income for life and are not for estate protection. You may elect to guarantee payments for a certain length of time (e.g. 10 years), however, once this period expires, there is no residual market value to pass on to your estate or beneficiaries.