Payout Annuities RIF

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.

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Let's talk! I am here to help with your Insurance and Investment needs.

Faraidoun "Frank" Akhavan

Faraidoun (Frank) Akhavan

Office 205 - 3994 Shelbourne Street
Victoria BC, V8N 3E2

Cell 250-953-2304

Office 250-953-2300

Fax 250-881-7497

Skype faraidoun9

Email Frank Simply fill in the form below and we will get back to you shortly.

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I first met Frank several years ago through an exercise client of mine, who would later become his wife. He then became a client, himself. A while later, I was advised that I had a UPS pension that was coming to term. I told Frank about it, and he suggested that I transfer it out, so that it didn't stagnate until I was eligible to draw upon it. That was over five years ago. Since then, the investment portfolio has averaged an eight-percent return every year. I receive a status report every six months, and am very happy with the return. Frank has done a great job looking out for my interests. He is very knowledgeable, and has answered my questions on multiple occasions. I highly recommend him and his company.

Regarding Lindsay Cooper, the reviewer who gave a one-star rating, I don't think their reaction/comments were fair or appropriate. Cold-calling is one form of generating business for some companies. If it didn't work, no one would be doing it. It's not like they have products on a shelf at Walmart. Believe it or not, some people actually appreciate it, because they may have been wanting to invest, but didn't know where to start. Additionally, financial planning must be a worthwhile endeavor, considering Frank's been in the industry for over two decades.

Also, it is up to the individual to confirm what their call display says, not just assume. It is not a scam to have a name that is similar to another company. You just have to actually read it.
- Marc Noel -