Payout Annuities / RIF

Get guaranteed income for life

You’ve worked hard and saved hard so you can live the retirement of your dreams. In today’s uncertain market environment, Payout Annuities provide you with guaranteed income for life or for a specific term so you can have the financial security you need to enjoy your retirement to the fullest.

Payout Annuities can provide you with:

• Guaranteed income for life or a specific period of time
• Market protection—payments are not subject to market volatility or fluctuating interest rates
• Income security for you, or for you and your spouse
• Preferred tax treatment

And because Royale British Columbia Financial Inc Payout Annuities are backed by the strength and stability of Royale British Columbia Financial Inc Insurance^®, you know you can rely on them.

Choose from several types of Payout Annuities

Your needs are as personal as your dreams for retirement. That’s why we offer you three types of Payout Annuities:

• Single Life Annuity: Guaranteed income for the life of one person, regardless of market conditions or interest rate fluctuations.
• Joint Life Annuity: Guaranteed income for the lives of two people (usually a married couple) regardless of market conditions or interest rate fluctuations. When the first person passes away, payments continue for the life of the surviving person.
• Term Certain Annuity: Guaranteed income for a set period of time, or until you reach a certain age.

All Royale British Columbia Financial Inc Payout Annuities can be purchased with funds from non-registered plans or registered plans—for example: a Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF), or other registered plans.

Contact us and we can work to determine which type of annuity best meets your needs.