Could you outlive
We don't hesitate to insure our most
important assets - our lives, our
homes, our ability to earn a living. But
what have you done to protect your
retirement lifestyle from the possibility
that you will run out of money before
you run out of living?
Consider the statistics: If you're a
60-year-old woman, you can expect to
live to almost 90. If you're a man that
same age, you should plan on
celebrating your 87th birthday.1
Safeguard your income
A longer life means more years in
retirement. If you are expecting to
fund those years with payments from a
pension plan, your Registered
Retirement Savings Plan (RRSP), and
other investments, you can take steps
now to safeguard that income. One
option to consider is an annuity.
An annuity can help protect the
lifestyle you envision: It guarantees
you will not outlive your income.
You can set up an annuity to guarantee
your income for as long as you (or you and
your spouse) are living. You can purchase it
with either registered or non-registered
money. And, for even more peace of mind,
your payments can be set to increase each
year, to counter the effects of inflation.
As you're contemplating the best way
to safeguard your retirement lifestyle,
know this: We can't help you live long,
but we can definitely help you prosper.
1 Canadian Institute of Actuaries, Canadian Pensioners
Mortality, July 2013.