Will your clients outlive their retirement savings?

A recent study by the Society of Actuaries reported that 1 out of 3 males and 1 out of every 2 females in their mid-50s can expect to live to age 90¹. With longer life expectancies, Canadians could spend as many years in retirement as they do at work. However, will they be financially prepared for a retirement that could extend for 30 years or more? 

If you have clients who are approaching retirement and are concerned about outliving their retirement savings, income annuities can provide them with a stream of guaranteed income for as long as they live.

Here’s why you should take a look at Single Premium Income Annuities from BMO Insurance:

• Our rate guarantees: a 10-day guarantee for non-registered funds and 45 days for registered funds
• Easy and fast quotes using The Wave illustration system 
• We have a dedicated Annuity Customer Service team
• We accept CANNEX quotes with your client’s annuity application

For more information, click here.

 

¹ Society of Actuaries. “Society of Actuaries (SOA) Age Wise Longevity Infographics Series” 2019