• Guaranteed, steady source of income for a specified period

• More protection than a term certain annuity
• Guarantees you an income you cannot outlive

• Even more protection than a life annuity
• Provides full protection for you and your spouse

• A combination of a term certain and life annuity
• Ensures a source of income for a specified number of years and continues to provide income should you survive beyond that period

• A combination of term certain and life annuity
• Guarantees you or your spouse a source of income for a specified period and thereafter to the surviving spouse
• Income continues in full or at a reduced amount to the surviving spouse

• Guarantees you a source of income for a specified period as long as your are living
• Available on single and joint life annuities; with or without a guaranteed period

• Purchase of a deferred annuity contract (term certain to age 90) with the option of converting to a RRIF at the earlier of age 69 or within 7 years of the annuity purchase date. If you choose not to convert to a RRIF, the annuity payments automatically start at your contract's annuity commencement date.

Income Payment Option

Income Payments

• Basic, most common choice
• Income payments are the same for the duration of the annuity

• Income payments increase each year by a fixed percentage or amount (maximum increase per year is 4% for registered annuities and 6% for non-registered annuities)

• Income payments increase each year according to the level of the Consumer Price Index (CPI)
• Payments can be indexed during the deferral period (from the purchase date to the annuity commencement date)