Canada Life Payout Annuities share the typical annuity benefit of sustainable, guaranteed income. Most people may avoid annuities because they lack liquidity — until now.
Effective Dec. 14, 2010 and available on non-registered accrual annuities, the cashable feature allows access to cash*. This increases liquidity in retirement, while maintaining the conventional purpose of annuities – sustainable, guaranteed income.
* The cashable value of the policy is calculated based on the terms of the contract.
For more details on life annuities, please contact us at 1.866.899.4849 or email us at [email protected]
