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What is an annuity (guaranteed income)?

An annuity is a retirement income product that provides retirees with a stable, regular income in exchange for a lump-sum payment. You can choose between an annuity paid during a predetermined period (annuity certain) and an annuity paid and guaranteed until your death (life annuity).

Our FORLIFE Series also provides a guaranteed income for your entire life in addition to other advantages, such as a death benefit guarantee, access to your investment at all times and the potential to increase your annual income. It also gives you the opportunity to grow your money.

Our guaranteed income options

FORLIFE Series

In addition to a guaranteed income for life, our FORLIFE Series from the IAG Savings and Retirement Plan offers:

  • A potential automatic increase to your guaranteed annual income
  • Access to your money at all times1
  • The opportunity to grow your money
  • A 100% guarantee in the event of death2

1 Withdrawals exceeding the guaranteed lifetime amount may incur a reduction in the amount guaranteed under your contract.

2 The guarantee in the event of death varies according to your transactions and is recalculated after each guaranteed income payment.

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Annuities 1

Annuities free you from the concerns you may have about managing your money, but do not allow you to withdraw the sums you used to purchase your annuity. They are ideal for those who desire simplicity:

  • You don’t have to worry about managing your investments
  • You can choose between income that lasts your lifetime (life annuity) and income with a predetermined maturity date (annuity certain)

1 Annuities are subject to approval.

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