• Provides you with a regular guaranteed income;
   
• Offers certain options to meet all of your needs. For example, such annuities can include a guaranteed period of 5, 10, or 15 years, or the payment of the annuity until the annuitant turns 90, thereby ensuring that any heirs will be paid the annuity if the annuitant dies earlier;
   
• Assures you a worry-free retirement when it comes to financial and money management;
   
• Offers you the option of taking advantage of a secure income stream and a certain flexibility when combining them with a RRIF or RRSP;
   
• Is insured under Assuris when established by Desjardins Financial Security.
   

To learn more on life annuities, you may visit the annuities section of the RRSP and Retirement Centre.

Main Features
 

• Only insurance companies offer life annuities. They allow annuitants to receive fixed annuities for life because the return on their capital is guaranteed and determined at the time of annuity purchase.
   
• Because life annuities stop upon the death of annuitants, the birth date and sex of each planholder are important criteria in establishing the amount to be paid.
   
• Life annuity payments end upon the death of the annuitant or the expiration of the guaranteed period, whichever comes last.
   
• Desjardins Financial Security life annuities may be paid monthly, quarterly, semi-annually, or annually.
   
• An impaired risk life annuity offers higher payments and is suitable for those with serious health problems and a lower life expectancy than those who are the same age and in good health.