Canada Life Cashable Annuities

Posted on December 11, 2010 and updated December 11, 2010 in Canada Life Insurance Company of Canada, Canadian Life Insurance Companies, Life Insurance Canada News 1 min read

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]

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