Why choose a Serenia Life Financial Single Premium Annuity?
Our Single Premium Annuity (SPA) gives you the freedom to live out your retirement without worry. In addition to enjoying a monthly² income to help cover your retirement, here’s what you can expect with a Serenia Life Financial SPA:
Flexible
Choose the term that works for you, based on your income objectives
Financial Security
Guaranteed payments for life (or 5, 10, 20 years, or more!)
Guaranteed Period
If you were to pass away before this period is up, the remaining money would go to your beneficiary
Flexible
Choose the term that works for you, based on your income objectives
Financial Security
Guaranteed payments for life (or 5, 10, 20 years, or more!)
Guaranteed Period
If you were to pass away before this period is up, the remaining money would go to your beneficiary
Is a Single Premium Annuity for me?
A Single Premium Annuity is most appropriate for individuals who are approaching retirement or who are recently retired. In the event you pass away early, any remaining funds may be passed along to your beneficiary. it’s a wise choice if you’re looking to:
- turn your hard-earned savings into a guaranteed monthly² pay cheque of $50 or more, immediately or once you retire³
- feel confident you won’t outlive your savings – because your income will never run out – no matter how much you invested to begin with (for lifetime annuities only!)
Looking for a short-term investment you can access at any time? Consider an Guaranteed Interest Annuity
Income Options
Ask a Serenia Life advisor about a Single Life Annuity with or without a Guaranteed Period.
Ask a Serenia Life advisor about a Joint & Last Survivor Annuity⁴ with or without a Guaranteed Period.
Speak with a Serenia Life advisor to discover which Term Certain Annuity might be best for you.
The right investment for your needs
If you’re looking to fund your retirement years, a Single Premium Annuity may be right for you. It’s a good choice for individuals who have access to a lump sum that they’d like to turn into a guaranteed income stream for a certain number of years… or for the rest of their life! With an SPA, you can enjoy your later years worry free – and may even have a little something left over for your beneficiaries.
Want guaranteed retirement income? Serenia Life can help!
Fill out the form below, and a Serenia Life advisor will call you to discuss Single Premium Annuities.
¹In 2019, Statistics Canada released data indicating that only 37% of Canadians have a pension plan through work.
²Income payments may be available on a monthly, quarterly, semi-annual, or annual basis
³Income payments must begin within 10 months of purchase
⁴Annuity payments may be reduced upon first death
Confused by these terms? Reach out to your advisor or contact Member Services