Life Annuities in British Columbia
Guaranteed income for life for British Columbia retirees — so you can never outlive your savings.
An annuity provides guaranteed income for the rest of your life, or for a set period of time. We actively serve clients across British Columbia, helping you build a retirement plan focused on dependable monthly cash flow.
For those approaching retirement, a life annuity could be a key asset to provide a secure and predictable financial future for your golden years.
Select Your Province
We provide annuity planning across Western Canada and Ontario. Choose your province for localized guidance: British Columbia · Alberta · Saskatchewan · Manitoba · Ontario
Annuity Types
Lifetime Annuity
Provides guaranteed income for the rest of your life, no matter how long you live. You can never outlive the payments.
- Income guaranteed for life
- Can include joint-life option for spouse
- Guarantee period options available
- Eliminates longevity risk
Term-Certain Annuity
Pays a guaranteed income for a specific period (e.g., 10 or 20 years). If you pass away during the term, payments continue to your beneficiary.
- Guaranteed payments for set period
- Beneficiary receives remaining payments
- Higher payments than lifetime annuity
- Ideal for bridging to other income
Annuity Settlement
A strategic tool for generational wealth transfer. Structure annuity payments to efficiently pass wealth to future generations with tax advantages.
- Efficient wealth transfer
- Tax-advantaged structuring
- Estate planning integration
- Customizable payment schedules
About Life Annuities
You make a lump-sum payment to an insurance company, and in return they guarantee regular income payments for life or a specified period. The amount you receive depends on factors like your age, the amount invested, current interest rates, and the type of annuity chosen.
Prescribed annuities spread the taxable portion of income evenly over the payment period, providing consistent tax treatment. Non-prescribed annuities have higher taxable amounts in early years and lower amounts later. The right choice depends on your tax situation and financial goals.
Life annuities can be an excellent complement to other retirement income sources like CPP, OAS, and registered accounts. They provide the certainty of a pension-like income stream, reducing the risk of outliving your retirement savings. We can help you determine the right allocation.
Yes. You can use registered funds (RRSP, RRIF) to purchase a registered annuity. The payments will be fully taxable as income, similar to RRIF withdrawals. Non-registered funds can also be used, with more favourable tax treatment on the income portion.
Request an Annuity Quote
Complete the form below and a licensed advisor will prepare a personalized annuity quote for you.