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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)