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Income annuities – Canada Life

An income annuity can help you step into retirement with the certainty of a steady income stream.

Video transcript:

Description: This animated video combines illustrations, narration and music to explain how an income annuity can help you start retirement.
Narrator: Throughout your life, your advisor has been there for your financial milestones.
Description: An illustration of a handshake appears on screen.
Narrator: They’ve worked alongside you to help you accomplish all of your financial goals.
Description: Screen slides left to reveal an illustration of a house with the text “First house”, then slides left again to reveal an illustration of wedding rings with the text “Marriage/honeymoon”, then slides left again to reveal an illustration of a couple holding an infant with the text “Kids”.
Narrator: Now, as you move into the next phase of your life, are you taken care of?
Description: Screen slides left to reveal a pie chart with a dollar sign and the text, “RESPs”, then slides left again to reveal an illustration of an egg with a dollar sign on it and the text “Retirement nest egg”, then slides left again to reveal an illustration of a circle with a question mark in it.
Narrator: Not everyone has a company pension plan, which can ensure a paycheque throughout their retirement.
Description: Screen slides left to show text on screen “Company pension plan” which is then crossed out.
Narrator: We want to keep your money working for you.
Description: Screen transitions to show an illustration of a cheque with text “Your income” on it.
Narrator: There is a way for you to get a predictable paycheque for as long as you live, even if you don’t have a company pension.
Description: The cheque illustration moves to the left half of the screen. On the right half of the screen, a page-a-day calendar appears and pages begin to flip off the calendar.
Narrator: An income annuity can offer you certainty and financial security throughout your retirement…
Description: The screen transitions to show a padlock with a dollar sign on it, and the text “Income annuity”.
Narrator: Regardless of markets ups or downs, the income from your annuity would remain the same for the rest of your life.
Description: The screen transitions to show a line graph with increasing dollar amounts on the vertical axis and decades from 2020 to 2080 on the horizontal axis. Various jagged lines on the graph represent market volatility. One horizontal line on the graph represents your income. Text on screen says “Your income remains the same”.
Narrator: So you can plan your retirement knowing exactly how much you’re going to have.
Description: Screen transitions to show an illustration of a comfortable chair.
Narrator: Talk to us today to learn more about how an income annuity can give you a predictable paycheque throughout your retirement.
Description: Screen transitions to show text on screen “Talk to us today”, and Canada Life logo, and legal text, “Canada Life and design are trademarks of the Canada Life Assurance Company”.