Life Annuities

Life Annuities

Investors interested in lower taxation on their investment income should consider a "Prescribed" Life Annuity.

A prescribed annuity contract (PAC) receives special tax treatment under the Income Tax Act. Each annuity payment is a blend of principal and interest.

There is no tax on the return of capital, however the interest that is included in the annuitant’s income is level throughout the term of the annuity.

Annuity incomes are guaranteed not to decline unexpectedly, so you don't need to worry about prevailing stock market or fixed-income market conditions.

You don't know how long you'll live, and there's always a concern that you might outlive your money. Life annuities provide payments for life which can form the cornerstone of an effective retirement plan. (Click here for our brochure)

Key Benefits

	Life annuities provide an income for the life of the investor.
	The investor can never out live the income.
	When investing non-register funds the income receives "prescribed" taxation resulting in higher after tax income.
	The investor can insure the payments with a guarantee in the event the investor were to die before his life expectancy. (For example, payments guaranteed for life or 10 years.)
	Buying a life insurance policy insures the annuity deposit so that the capital will be returned to heirs tax-free upon the death of the annuity purchaser.

Life Annuity Information Request Form

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Protection, Wealth Creation and Management

It's better to have insurance and not need than to need it and not have it.

ProInsure is a Life Insurance Brokerage Agency located in Oakville, Ontario.

472 Caesar Avenue, Oakville, ON, L6J 3Z2 - 905-815-7186