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StateFarm Canada is now Desjardins Insurance

State Farm® Canada is now Desjardins Insurance and your local State Farm Agent will now be known as your Desjardins Agent.

Please visit desjardinsagents.com/change-from-state-farm-canada for more details.

Looking for the State Farm USA site? Visit it here: statefarm.com.

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Important notice to our policyholders

On June 14, 2019, the Laval police contacted Desjardins with information confirming that the personal information of 2.9 million members had been shared with individuals outside the organization. Only Desjardins caisse members are impacted by this situation. Learn more.

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Your Desjardins Agent can help you plan for the future

Desjardins Insurance annuities

Ready to convert your savings into regular income? If you don’t have a pension plan, buying an annuity can be a good way to get a steady income in retirement.

What is an annuity?

An annuity pays you a guaranteed regular income. You decide how often (monthly, weekly) and for how long (a fixed number of years or for life). You can buy an annuity with money from your RRSP, RRIF or other savings.1

Here’s how it works:

  • You choose the type of annuity and options you want
  • You buy the annuity for a lump sum
  • Desjardins Insurance manages the lump sum and pays you a regular income
  • How much income you receive is decided in advance, so there are never any surprises

Advantages

  • You get predictable, guaranteed income
  • Your income is sheltered from market fluctuations
  • Your annuity income is protected2 by Assuris

Getting ready to retire?

There are lots of ways you can convert your RRSP or other savings into retirement income. Annuities fit in nicely with a balanced retirement income strategy.

You can also choose an inflation adjustment option. This means your annuity income will increase over time to keep pace with the cost of living.

There are 2 types of annuities:

1. Term certain annuity

You get a guaranteed regular income for a fixed number of years (the term). If you die before the end of the term, your annuity continues to be paid to a named beneficiary or your estate.

A term certain annuity typically pays you a higher regular income than a life annuity, but the annuity income will stop at the end of the term.

2. Life annuity

You get a guaranteed regular income for your lifetime. Annuity income will stop when you die, and no money goes to your estate. However, you can choose options, so that your spouse, partner or other beneficiaries will receive money after you die:

  • Joint and last survivor: After you die, your partner or spouse will continue to receive annuity income for life.
  • Guarantee period: Your income is guaranteed for a fixed period. If you die before the guarantee period ends, your beneficiary will receive either a lump sum or a regular annuity income until the end of the guarantee period.
  • Cash refund: After you die, your beneficiary will receive the difference between the amount you paid to buy the annuity and the total annuity income paid to you.

Choose the annuity and options that fit your needs

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Income period

Mettre le tire de la colonne (exemple : Colonne 2)For a fixed number of years (the term)

Mettre le tire de la colonne (exemple : Colonne 3)For your lifetime

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Income amount

Mettre le tire de la colonne (exemple : Colonne 2)Depending on the term and amount invested
(income payments are usually higher than a life annuity)

Mettre le tire de la colonne (exemple : Colonne 3)Depending on your life expectancy and amount invested
(income payments are usually lower than a term certain annuity)

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Protection for your spouse, partner or other named beneficiary

Mettre le tire de la colonne (exemple : Colonne 2)If you die before the end of the term

Mettre le tire de la colonne (exemple : Colonne 3)Optional

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Inflation adjustment

Mettre le tire de la colonne (exemple : Colonne 2)Optional

Mettre le tire de la colonne (exemple : Colonne 3)Optional

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Joint and last survivor

Mettre le tire de la colonne (exemple : Colonne 2)-

Mettre le tire de la colonne (exemple : Colonne 3)Optional

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Guarantee period

Mettre le tire de la colonne (exemple : Colonne 2)-

Mettre le tire de la colonne (exemple : Colonne 3)Optional

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Cash refund

Mettre le tire de la colonne (exemple : Colonne 2)-

Mettre le tire de la colonne (exemple : Colonne 3)Optional

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Income period

For a fixed number of years (the term)

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Income amount

Depending on the term and amount invested
(income payments are usually higher than a life annuity)

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Protection for your spouse, partner or other named beneficiary

If you die before the end of the term

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Inflation adjustment

Optional

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Joint and last survivor

-

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Guarantee period

-

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Cash refund

-

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Income period

For your lifetime

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Income amount

Depending on your life expectancy and amount invested
(income payments are usually lower than a term certain annuity)

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Protection for your spouse, partner or other named beneficiary

Optional

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Inflation adjustment

Optional

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Joint and last survivor

Optional

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Guarantee period

Optional

Mettre le tire de la colonne (exemple : Colonne 1 - titre)Cash refund

Optional

Your annuity is protected

Desjardins Insurance is a member of Assuris, which means your annuity income is protected up to certain limits if the insurer declares bankruptcy. For more information visit the Assuris website.

Ask your Desjardins Agent about annuities

Wondering if an annuity is right for you? Your Desjardins Agent is just a phone call away. Your agent will take the time to explain the options and help you find the annuity that fits your needs.

1. When you buy an annuity using money from a registered plan, like an RRSP or a RRIF, it can affect the amount of tax you pay. Speak to a tax specialist to make sure you’re making the right decision for your situation.

2. Assuris guarantees your monthly annuity income up to $2,000 per month or 85% of the promised monthly income benefit, whichever is higher.

Neither Desjardins Insurance nor its agents provide tax or legal advice. Please consult your tax, legal or investment advisor regarding your specific circumstances.

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