The insured annuity strategy allows you use your capital to secure an income stream for life, as well as preserving the value of your capital for your beneficiaries. The arrangement involves the purchase of two contracts: a permanent life insurance policy and a prescribed life annuity. This combination results in a guaranteed, lifetime rate of return. If you are between 60 and 85 years of age, this could be anywhere from 7 to 10%. This is an attractive solution if you are a risk averse but are looking to maximize income, which may not be achievable from other low-risk investments.

All insurance products are sold through ScotiaMcLeod Financial Services Inc., the insurance subsidiary of Scotia Capital Inc., a member of the Scotiabank Group. When discussing life insurance products, ScotiaMcLeod advisors are acting as Life Underwriters (Financial Security Advisors in Quebec) representing ScotiaMcLeod Financial Services Inc.

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