Canada Life Annuities

Canada Life Annuities - Get up to 40% More Annuity Income

 

Canada Life annuities can provide investors with a wide range of annuity options to suit all of their pensions and income needs. A Canada Life annuity can be structured on a basis that most suits your requirements, so if you wish to have the certainty of a known income at outset, for example, a traditional annuity, then Canada Life can do this for you. Canada Life is Canada’s longest established insurance company and is part of Great West Lifeco Inc, Canada’s largest insurance company. It provides a wide range of insurance and investment options to investors and intermediaries alike on a global basis. Canada Life annuities include options such as: 


 

  • Standard annuity 
  • Enhanced annuity
  • Annuity growth account


For those willing to assume an element of investment risk with their retirement income with Canada Life, their Annuity Growth Account may be of interest. This is a flexible annuity and is most suited to those with larger investment funds or whose pension income will not be their only source of income in retirement, and who are willing to take a significant level of investment risk.

 

Choosing an annuity


Once you have bought an annuity it cannot be changed. It’s therefore important to understand the different annuity options to help you choose what’s right for you. For example:

 

  • Do you want your pension income to be passed onto your dependants after your death? 
  • Do you want a fixed income for life, or one that changes over time to reflect ongoing changes in the cost of living?
  • Do you have any existing health problems which could mean that you qualify for extra income from an enhanced annuity or an impaired life annuity?

 

You don’t need a Canada Life pension to take out an annuity with the company – you have a legal right to use your pension money to buy an annuity from any provider you choose. By shopping around for the best deal (known as the open market option) you may be able to improve your retirement income.


 

Thinking of buying an annuity from Canada Life?

 

Have you searched the annuity rate market? The Fair Investment Annuity Service provides:

 

  • Up to 40% more annuity income (depending on your pension provider)
  • Information on different types of annuity arrangements
  • Assessment of your circumstances to find the most suitable type of annuity for you - or to find out whether there are any other options more suited to you
  • Information on lifestyle annuities – such as enhanced annuities and impaired life annuities
  • Comparison of Canada Life annuity rates to ensure that you maximise your annuity income
  • Explaination of the options available to you and ensuring that you fully understand them
  • Help with the relevant paperwork to ensure that you annuity is processed smoothly

 

To compare Canada Life annuity quotes with other leading UK annuity providers, see the tables below:

Annuity Quote Services
ProviderAnnuity QuotesAnnuity ServiceSpecial FeaturesGet Quotes
YesComparison of leading UK annuity providers. Enhanced annuities available if you have a medical condition. Enhanced rates available for smokers.Up to 40% more incomeGet Quotes >
Annuity Quotes - Joint Life Aged 65 (Non smokers)
ProviderAnnual IncomePayment TermsPurchase AmountGet Quotes
£5,138Annual income for life£100,000More Info >
£5,134Annual income for life£100,000More Info >
£4,962Annual income for life£100,000More Info >
£4,705Annual income for life£100,000More Info >

Quotes based on man and a woman aged 65, £100,000.00 purchase amount, conventional, level escalation, nil guaranteed period, paid in arrears without proportion, spouse/partner annuity of 66% payable on first death without overlap. Annuity rates correct as at 07/06/2013.

Annuity Quotes - Joint Life Aged 65 (Non smokers) Retail Price Inflation Linked
ProviderAnnual IncomePayment TermsPurchase AmountGet Quotes
£2,882Annual income for life£100,000More Info >
£2,877Annual income for life£100,000More Info >
£2,865Monthly income for life£100,000More Info >
£2,591Annual income for life£100,000More Info >
£2,589Annual income for life£100,000More Info >

Quotes based on man and a woman aged 65, £100,000.00 purchase amount, retail price linflation escalation, nil guaranteed period, paid in arrears without proportion, spouse/partner annuity of 66% payable on first death without overlap. Annuity rates correct as at 07/06/2013.