{"id":9390,"date":"2023-06-10T14:00:00","date_gmt":"2023-06-10T14:00:00","guid":{"rendered":"https:\/\/www.rbcinsurance.com\/en-ca\/2022\/01\/12\/worried-youll-outlive-your-retirement-savings-here-are-3-reasons-to-consider-payout-annuities\/"},"modified":"2023-06-15T12:55:19","modified_gmt":"2023-06-15T12:55:19","slug":"reasons-to-consider-payout-annuities","status":"publish","type":"post","link":"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/retirement\/reasons-to-consider-payout-annuities","title":{"rendered":"Worried you&#8217;ll outlive your retirement savings? Here are 3 reasons to consider payout annuities."},"content":{"rendered":"\n<div class=\"wp-block-rbc-template-selector templateSelector template__article articleSingle\" data-template=\"article\">\n<div class=\"wp-block-group articleSingle__container tabListStickyWrapper is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group articleSingle__container__hero is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group articleSingle__container__hero__inner is-layout-flow wp-block-group-is-layout-flow\">\n<span class=\"rbc-yoast-breadcrum-span\"><span><a href=\"https:\/\/www.rbcinsurance.com\/en-ca\/\">Home<\/a><\/span><\/span>\n\n\n\n<div class=\"wp-block-group articleSingle__featuredImage__group is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group articleSingle__title__group is-layout-flow wp-block-group-is-layout-flow\"><h1 class=\"wp-block-post-title\">Worried you&#8217;ll outlive your retirement savings? Here are 3 reasons to consider payout annuities.<\/h1>\n\n\n<div class=\"wp-block-group articleSingle__date__group is-layout-flow wp-block-group-is-layout-flow\"><div class=\"wp-block-post-date\"><time datetime=\"2023-06-10T14:00:00-04:00\">June 10, 2023<\/time><\/div>\n\n\n<span class=\"wp-block-rbc-html-element articleSingle__readTime\">3 Min Read<\/span>\n<\/div>\n\n\n\n<div class=\"wp-block-group articleSingle__author__group is-layout-flow wp-block-group-is-layout-flow\">\n<img decoding=\"async\" src=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/Avatar.webp?quality=80&w=128&h=128&crop=1\" alt=\"Diane Amato\">\n\n\n\n<div class=\"wp-block-group articleSingle__author__details is-layout-flow wp-block-group-is-layout-flow\">\n<span class=\"wp-block-rbc-html-element articleSingle__author__name\">Diane Amato<\/span>\n\n\n\n<span class=\"wp-block-rbc-html-element articleSingle__author__designation\"><\/span>\n<\/div>\n<\/div>\n<\/div>\n\n\n<figure class=\"articleSingle__featuredImage wp-block-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"878\" src=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/Thumbnail-feature-14-2.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"A middle-aged couple in their kitchen, reviewing RBC joint life payout annuity options for retirement income on a laptop.\" style=\"object-fit:cover;\" srcset=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/Thumbnail-feature-14-2.jpg 1190w, https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/Thumbnail-feature-14-2.jpg?resize=300,257 300w, https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/Thumbnail-feature-14-2.jpg?resize=768,658 768w, https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/Thumbnail-feature-14-2.jpg?resize=1024,878 1024w, https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/Thumbnail-feature-14-2.jpg?resize=420,360 420w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group articleSingle__container__main is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group articleSingle__container__page__nav is-layout-flow wp-block-group-is-layout-flow\">\t\t<div class=\"socials-block\">\n\t\t\t\t\t\t<p class=\"socials-block-title\">\n\t\t\tShare this article\t\t<\/p>\n\t\t<div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n\t\t\t\t\t<a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Worried you&#8217;ll outlive your retirement savings? Here are 3 reasons to consider payout annuities. &#038;body=Hi, I thought you might be interested in this article from RBC Insurance: https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/retirement\/reasons-to-consider-payout-annuities\">\n\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n\t\t\t\talt=\"envelope icon\">\n\t\t\t\t<span>\n\t\t\t\tEmail\t\t\t\t<\/span>\n\t\t\t<\/a>\n\t\t<div class=\"social-button-wrapper sharing-copy-wrapper\">\n\t\t\t<button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/retirement\/reasons-to-consider-payout-annuities\">\n\t\t\t<img\n\t\t\t\tsrc=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n\t\t\t\talt=\"copy icon\">\n\t\t\t<span id=\"sharing-copyUrl-Label\">\n\t\t\t\tCopy URL\t\t\t<\/span>\n\t\t\t<\/button>\n\t\t\t<input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n\t\t<\/div>\n\t<\/div>\n  \t\t<\/div>\t\n\t\t\n\n\n<div class=\"wp-block-rbc-tabs-list tabsList\" data-switch=\"lgBp\" data-target-heading=\"h4\"><p class=\"tabsList__heading\">On this page<\/p><div class=\"tabsList__wrapper\"><button class=\"selectDropdown__button\" aria-haspopup=\"listbox\" aria-expanded=\"false\"><span class=\"selectDropdown__title\">1. You earn guaranteed income for life<\/span><span class=\"selectDropdown__chevron\"><\/span><\/button><ul class=\"tabsList__items selectDropdown__list\"><li class=\"selectDropdown__list__item tabsList__item selected\"><a href=\"#h-1-you-earn-guaranteed-income-for-life\">1. You earn guaranteed income for life<\/a><\/li><li class=\"selectDropdown__list__item tabsList__item \"><a href=\"#h-2-avoid-the-stress-of-investing\">2. Avoid the stress of investing<\/a><\/li><li class=\"selectDropdown__list__item tabsList__item \"><a href=\"#h-3-plan-with-a-spouse-or-partner\">3. Plan with a spouse or partner<\/a><\/li><\/ul><\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group articleSingle__content__main tabListHeadings is-layout-flow wp-block-group-is-layout-flow\">\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner \" style=\"border-radius:0x\">\n<p>Every retirement savings plan is different \u2014 after all, everyone has different retirement goals, investment strategies, income levels and lifestyle priorities. But fundamentally, there&#8217;s one thing you need your retirement savings to do: last throughout your retirement.<\/p>\n<h5>Here are three ways payout annuities can help you achieve your retirement objectives and help keep you from worrying about running out of savings.<\/h5>\n<h4 id=\"h-1-you-earn-guaranteed-income-for-life\">1. You earn guaranteed income for life<\/h4>\n<p><b><\/b>The past few years have shown just how unpredictable life can be. Sometimes, you can use some guarantees, especially when it comes to your money. It&#8217;s important to remember you may have a combination of fixed and unexpected expenses during retirement. You&#8217;ll need to know you have income on hand to pay your bills.<\/p>\n<p>Payout annuities are one way to guarantee income for life \u2014 or a specified period you choose \u2014 removing the worry of running out of cash flow in retirement. Payments are fixed at the onset of the contract, so they stay the same regardless of market performance or changes in interest rates.<\/p>\n<p>When interest rates are low, many people don&#8217;t consider annuities; however, there may be a cost to waiting for rates to rise. Investing \u2014 and protecting \u2014 your money today versus putting it off until tomorrow can help offer the long-term security you&#8217;re looking for.<\/p>\n<p>For instance, when you choose a life annuity, you&#8217;re guaranteed payments for as long as you live. If you choose a term annuity, you receive guaranteed income for a set period of time, or until you reach a certain age.<\/p>\n<p>Either way, you can determine how often you receive payments \u2014 monthly, quarterly, semi-annually or annually \u2014 throughout your retirement.<\/p>\n<h4 id=\"h-2-avoid-the-stress-of-investing\">2. Avoid the stress of investing<\/h4>\n<p>If you find actively investing your money stressful, a payout annuity may complement your portfolio and give you peace of mind.<\/p>\n<p>Once you purchase your annuity, you&#8217;ll receive payments for the length of time you&#8217;ve chosen as a source of retirement income. You don&#8217;t need to do anything further, making it a reliable addition to a diversified investment plan.<\/p>\n<p>Payout annuities may even be purchased with funds from non-registered plans or registered plans such as a Retirement Savings Plan or Registered Retirement Income Fund.<\/p>\n<h4 id=\"h-3-plan-with-a-spouse-or-partner\">3. Plan with a spouse or partner<\/h4>\n<p>With a payout annuity, you have the option to select products to help protect both you and a partner. A joint life payout annuity, allows you to provide for two lives with one investment. How? When you set up a joint annuity, if one spouse passes away early, the surviving spouse is ensured their own income for the remainder of the annuity period.<\/p>\n<p>It&#8217;s important to understand how an annuity can help provide value as a part of your overall retirement plan. They are beneficial if you want the assurance of a steady stream of income. They also provide value as a reliable source of income regardless of potential market volatility.<\/p>\n<p>You&#8217;re working hard to enjoy a comfortable retirement. If you&#8217;re seeking security, stability and stress-free finances a payout annuity may be the right fit for you.<\/p>\n<p><\/p>\n\n\n\n<div class=\"wp-block-rbc-section-inner-block  section-inner block-wpr bg-light-blue rounded-corners pos-rel pad-l pad-r mob-pad-r centered-block mob-pad-l pad-t mob-pad-t pad-b mob-pad-b\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading has-text-align-center mar-t mar-b-hlf mob-mar-b-hlf mob-mar-t\" id=\"h-rbc-retirement-investment-solutions\">RBC Retirement Investment Solutions<\/h2>\n\n\n\n<p class=\"has-text-align-center\">Whether you\u2019re building up your nest egg or ready to turn your hard-earned savings into retirement income, our solutions can help you make the most of your money. Have an RBC Insurance Advisor call you to learn more.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\"><div>\n<div class=\"wp-block-button has-custom-font-size aligncenter btn is-style-primary primary has-text-lg-font-size\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.rbcinsurance.com\/request-a-call\/retirement\/index.html\" rel=\"noreferrer noopener\" data-dig-id=\"LP-290-476a44f4\" data-dig-category=\"LP\" data-dig-action=\"button click\" data-dig-label=\"Request a Call-https:\/\/www.rbcinsurance.com\/request-a-call\/retirement\/index.html \">Request a Call<\/a><\/div>\n<\/div><\/div>\n<\/div>\n\n\n\t<style type=\"text\/css\">\n\t\t.wp-block-tk-spacer.id-a169e253-ba51-4d48-8770-d4e2fc91a5ba {\n\t\theight: 30px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-a169e253-ba51-4d48-8770-d4e2fc91a5ba {\n\t\t\theight: 15px;\n\t\t}\n\t}\t<\/style>\n\t<div class=\"wp-block-tk-spacer id-a169e253-ba51-4d48-8770-d4e2fc91a5ba\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse2de7ba0a\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse2de7ba0a\" data-dig-id=\"LP-Retirement-6922-2de7ba0a\" data-dig-category=\"LP-Retirement\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things Our Lawyers Want You to Know\"><div>Things Our Lawyers Want You to Know<\/div><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse2de7ba0a\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p class=\"has-text-sm-font-size\">This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.<\/p>\n\n\n\n<p class=\"has-text-sm-font-size\">Any amount that is allocated to a segregated fund is invested at the risk of the contract holder and may increase or decrease in value. RBC Guaranteed Investment Funds are individual variable annuity contracts and are referred to as segregated funds. RBC Life Insurance Company is the sole issuer and guarantor of the guarantee provisions contained in these contracts. The underlying mutual funds and portfolios available in these contracts are managed by RBC Global Asset Management Inc. When clients deposit money in an RBC Guaranteed Investment Funds contract, they are not buying units of the mutual fund or portfolio managed by RBC Global Asset Management Inc. and therefore do not possess any of the rights and privileges of the unitholders of such funds. Details of the applicable Contract are contained in the RBC GIF Information Folder and Contract at <a href=\"http:\/\/www.rbcinsurance.com\/gif\" target=\"_blank\" rel=\"noreferrer noopener\" data-dig-id=\"LP-Retirement-7119-fbaed486\" data-dig-label=\"www.rbcinsurance.com\/gif\" data-dig-action=\"link click\" data-dig-category=\"LP-Retirement\" class=\"rbc-link-format\">www.rbcinsurance.com\/gif<\/a>.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As some Canadians grow concerned if their savings will run out in retirement, payout annuities can help offer some financial stability.<\/p>\n","protected":false},"author":98,"featured_media":9403,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"templates\/new-rbci-design.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[43],"tags":[30,21,22,25],"article-type":[80],"ppma_author":[],"class_list":["post-9390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retirement","tag-financial-planning","tag-managing-money","tag-relationships","tag-wealth-management","article-type-advice-learning"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Worried you&#039;ll outlive your retirement savings? Here are 3 reasons to consider payout annuities.<\/title>\n<meta name=\"description\" content=\"3 reasons annuities can help you with your retirement income. Payout annuities can help your retirement plan, even in a low-interest rate environment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/retirement\/reasons-to-consider-payout-annuities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Worried you&#039;ll outlive your retirement savings? Here are 3 reasons to consider payout annuities.\" \/>\n<meta property=\"og:description\" content=\"3 reasons annuities can help you with your retirement income. Payout annuities can help your retirement plan, even in a low-interest rate environment.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/retirement\/reasons-to-consider-payout-annuities\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Insurance\" \/>\n<meta property=\"article:author\" content=\"Diane Amato\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-10T14:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-15T12:55:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/Thumbnail-feature-14-2.jpg?quality=80\" \/>\n\t<meta property=\"og:image:width\" content=\"1190\" \/>\n\t<meta property=\"og:image:height\" content=\"1020\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Worried you&#039;ll outlive your retirement savings? Here are 3 reasons to consider payout annuities.\" \/>\n<meta name=\"twitter:description\" content=\"3 reasons annuities can help you with your retirement income. Payout annuities can help your retirement plan, even in a low-interest rate environment.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Diane Amato\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/retirement\\\/reasons-to-consider-payout-annuities\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/retirement\\\/reasons-to-consider-payout-annuities\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Worried you&#8217;ll outlive your retirement savings? Here are 3 reasons to consider payout annuities.\",\"datePublished\":\"2023-06-10T14:00:00+00:00\",\"dateModified\":\"2023-06-15T12:55:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/retirement\\\/reasons-to-consider-payout-annuities\\\/\"},\"wordCount\":568,\"publisher\":{\"@id\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/retirement\\\/reasons-to-consider-payout-annuities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2022\\\/09\\\/Thumbnail-feature-14-2.jpg?quality=80\",\"keywords\":[\"Financial Planning\",\"Managing Money\",\"Relationships\",\"Wealth Management\"],\"articleSection\":[\"Retirement\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/retirement\\\/reasons-to-consider-payout-annuities\\\/\",\"url\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/retirement\\\/reasons-to-consider-payout-annuities\\\/\",\"name\":\"Worried you'll outlive your retirement savings? Here are 3 reasons to consider payout annuities.\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/retirement\\\/reasons-to-consider-payout-annuities\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/retirement\\\/reasons-to-consider-payout-annuities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2022\\\/09\\\/Thumbnail-feature-14-2.jpg?quality=80\",\"datePublished\":\"2023-06-10T14:00:00+00:00\",\"dateModified\":\"2023-06-15T12:55:19+00:00\",\"description\":\"3 reasons annuities can help you with your retirement income. Payout annuities can help your retirement plan, even in a low-interest rate environment.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/retirement\\\/reasons-to-consider-payout-annuities\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/retirement\\\/reasons-to-consider-payout-annuities\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/retirement\\\/reasons-to-consider-payout-annuities\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2022\\\/09\\\/Thumbnail-feature-14-2.jpg?quality=80\",\"contentUrl\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2022\\\/09\\\/Thumbnail-feature-14-2.jpg?quality=80\",\"width\":1190,\"height\":1020,\"caption\":\"A middle-aged couple in their kitchen, reviewing RBC joint life payout annuity options for retirement income on a laptop.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/advice-learning\\\/retirement\\\/reasons-to-consider-payout-annuities\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Advice &amp; Learning\",\"item\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/article-type\\\/advice-learning\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Worried you&#8217;ll outlive your retirement savings? Here are 3 reasons to consider payout annuities.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/#website\",\"url\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/\",\"name\":\"RBC Insurance\",\"description\":\"Personal Insurance\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/#organization\",\"name\":\"RBC Insurance\",\"url\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/06\\\/rbc-logo-shield.svg?quality=80&w=1024\",\"contentUrl\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/06\\\/rbc-logo-shield.svg?quality=80&w=1024\",\"width\":\"1024\",\"height\":\"1024\",\"caption\":\"RBC Insurance\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbcinsurance.com\\\/en-ca\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"description\":\"RBC Insurance offers personal insurance such as car, home, life, health, travel and creditor insurance, plus retirement investment solutions to Canadians.\",\"telephone\":\"1-800-769-2568\",\"legalName\":\"RBC Insurance Services Inc.\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"1001\",\"maxValue\":\"5000\"}},{\"@type\":\"Person\",\"@id\":\"\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Worried you'll outlive your retirement savings? Here are 3 reasons to consider payout annuities.","description":"3 reasons annuities can help you with your retirement income. Payout annuities can help your retirement plan, even in a low-interest rate environment.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/retirement\/reasons-to-consider-payout-annuities\/","og_locale":"en_US","og_type":"article","og_title":"Worried you'll outlive your retirement savings? Here are 3 reasons to consider payout annuities.","og_description":"3 reasons annuities can help you with your retirement income. Payout annuities can help your retirement plan, even in a low-interest rate environment.","og_url":"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/retirement\/reasons-to-consider-payout-annuities\/","og_site_name":"RBC Insurance","article_author":"Diane Amato","article_published_time":"2023-06-10T14:00:00+00:00","article_modified_time":"2023-06-15T12:55:19+00:00","og_image":[{"width":1190,"height":1020,"url":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/Thumbnail-feature-14-2.jpg?quality=80","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_title":"Worried you'll outlive your retirement savings? Here are 3 reasons to consider payout annuities.","twitter_description":"3 reasons annuities can help you with your retirement income. Payout annuities can help your retirement plan, even in a low-interest rate environment.","twitter_misc":{"Written by":"Diane Amato","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/retirement\/reasons-to-consider-payout-annuities\/#article","isPartOf":{"@id":"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/retirement\/reasons-to-consider-payout-annuities\/"},"author":{"name":"","@id":""},"headline":"Worried you&#8217;ll outlive your retirement savings? Here are 3 reasons to consider payout annuities.","datePublished":"2023-06-10T14:00:00+00:00","dateModified":"2023-06-15T12:55:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/retirement\/reasons-to-consider-payout-annuities\/"},"wordCount":568,"publisher":{"@id":"https:\/\/www.rbcinsurance.com\/en-ca\/#organization"},"image":{"@id":"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/retirement\/reasons-to-consider-payout-annuities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/Thumbnail-feature-14-2.jpg?quality=80","keywords":["Financial Planning","Managing Money","Relationships","Wealth Management"],"articleSection":["Retirement"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/retirement\/reasons-to-consider-payout-annuities\/","url":"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/retirement\/reasons-to-consider-payout-annuities\/","name":"Worried you'll outlive your retirement savings? Here are 3 reasons to consider payout annuities.","isPartOf":{"@id":"https:\/\/www.rbcinsurance.com\/en-ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/retirement\/reasons-to-consider-payout-annuities\/#primaryimage"},"image":{"@id":"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/retirement\/reasons-to-consider-payout-annuities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/Thumbnail-feature-14-2.jpg?quality=80","datePublished":"2023-06-10T14:00:00+00:00","dateModified":"2023-06-15T12:55:19+00:00","description":"3 reasons annuities can help you with your retirement income. Payout annuities can help your retirement plan, even in a low-interest rate environment.","breadcrumb":{"@id":"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/retirement\/reasons-to-consider-payout-annuities\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/retirement\/reasons-to-consider-payout-annuities\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/retirement\/reasons-to-consider-payout-annuities\/#primaryimage","url":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/Thumbnail-feature-14-2.jpg?quality=80","contentUrl":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/Thumbnail-feature-14-2.jpg?quality=80","width":1190,"height":1020,"caption":"A middle-aged couple in their kitchen, reviewing RBC joint life payout annuity options for retirement income on a laptop."},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/retirement\/reasons-to-consider-payout-annuities\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbcinsurance.com\/en-ca\/"},{"@type":"ListItem","position":2,"name":"Advice &amp; Learning","item":"https:\/\/www.rbcinsurance.com\/en-ca\/article-type\/advice-learning\/"},{"@type":"ListItem","position":3,"name":"Worried you&#8217;ll outlive your retirement savings? Here are 3 reasons to consider payout annuities."}]},{"@type":"WebSite","@id":"https:\/\/www.rbcinsurance.com\/en-ca\/#website","url":"https:\/\/www.rbcinsurance.com\/en-ca\/","name":"RBC Insurance","description":"Personal Insurance","publisher":{"@id":"https:\/\/www.rbcinsurance.com\/en-ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbcinsurance.com\/en-ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.rbcinsurance.com\/en-ca\/#organization","name":"RBC Insurance","url":"https:\/\/www.rbcinsurance.com\/en-ca\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbcinsurance.com\/en-ca\/#\/schema\/logo\/image\/","url":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/rbc-logo-shield.svg?quality=80&w=1024","contentUrl":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/rbc-logo-shield.svg?quality=80&w=1024","width":"1024","height":"1024","caption":"RBC Insurance"},"image":{"@id":"https:\/\/www.rbcinsurance.com\/en-ca\/#\/schema\/logo\/image\/"},"description":"RBC Insurance offers personal insurance such as car, home, life, health, travel and creditor insurance, plus retirement investment solutions to Canadians.","telephone":"1-800-769-2568","legalName":"RBC Insurance Services Inc.","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"1001","maxValue":"5000"}},{"@type":"Person","@id":""}]}},"jetpack_featured_media_url":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/Thumbnail-feature-14-2.jpg?quality=80","jetpack_sharing_enabled":true,"authors":[],"_links":{"self":[{"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/posts\/9390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/users\/98"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/comments?post=9390"}],"version-history":[{"count":22,"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/posts\/9390\/revisions"}],"predecessor-version":[{"id":13390,"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/posts\/9390\/revisions\/13390"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/media\/9403"}],"wp:attachment":[{"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/media?parent=9390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/categories?post=9390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/tags?post=9390"},{"taxonomy":"article-type","embeddable":true,"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/article-type?post=9390"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/ppma_author?post=9390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}