Insured Annuities

Insured annuities are very attractive and complementary portfolio option to bonds and GICs. An insured annuity is comprised of a life annuity contract and a life insurance policy, purchased simultaneously with the annuitant as the life insured. The annuity generates the cash flow to pay both the life insurance premium and taxes. Insured annuities are fully guaranteed contracts that provide an excellent stream of tax-preferred guaranteed income for life. Depending on your age, an insured annuity can generate between 50-100% more after-tax income and some very attractive estate benefits as well. Upon your death, your capital is paid out to your beneficiaries tax free.