a payout annuity is a lump sum investment that works for me. · payout annuity you will receive...

1244(2015/03/10)

© 2015 The Equitable Life Insurance Company of Canada. Reproduction of this publication without permission is prohibited.

® or ™ denotes a trademark of The Equitable Life Insurance Company of Canada.

Will your savings lastthroughout your retirement?

It has taken a lifetime to save, and you want

to ensure your savings will last throughout

your retirement. With an Equitable Life®

Payout Annuity you will receive guaranteed

income in one easy, worry-free solution. We

offer a wide range of income options that

will allow you to build a retirement income

solution that best suits your financial goals.

Life is enough of a puzzle –take the guesswork out ofretirement income planning.

A Payout Annuity is a lump sum investment that provides a guaranteed periodic income.

Key Benefits:

• Guaranteed income for life or for a specific period of time

• Flexibility with payment frequency, length of guarantee, type of payout annuity

• No need to worry about market fluctuations or changes in interest rates

• Creditor protection – naming a beneficiary may protect income payments from creditors, subject to certain conditions

• Preferred tax treatment – enjoy tax-sheltered advantages

• Avoids probate – naming a beneficiary may help avoid the probate process

• Assuris guarantee – Equitable Life is a member of Assuris, the organization that provides protection to Canadian policyholders

The certainty you’re looking for

With Equitable Life’s Payout Annuities, you have theflexibility to customize the plan that fits your needs.There is no need to worry about market fluctuations orsudden changes in interest rates, your investment willcontinue to provide you with secure and uninterruptedguaranteed payments for the term that you choose*.

*Subject to applicable legislation

One Westmount Road North,Waterloo, Ontario N2J 4C7

Visit our website: www.equitable.ca

Works for me.®

Canadians have turned to Equitable Life since1920 to protect what matters most. We workwith your independent fnancial advisor tooffer individual insurance and savings andretirement solutions that provide good valueand meet your needs – now and in the future.

But we’re not your typical fnancial servicescompany. We have the knowledge,experience and ability to find solutions thatwork for you. We’re friendly, caring andinterested in helping. And we’re owned by ourparticipating policyholders, not shareholders.So we can focus on your interests and provideyou with personalized service, security andwellbeing.

Savings and RetirementEQUITABLE LIFE PAYOUT ANNUITIES

Payout Annuities

1244(2015/03/10)

Payout Annuities

Savings and Retirement



EQUITABLE LIFE PAYOUT ANNUITIES


Key Benefits:













Works for me.®



Life is enough of a puzzle – take the guesswork out of retirement income planning.

Will your savings last throughout your retirement?









Product OptionsEquitable Life has several Payout Annuity options to choose from, including:

• Life AnnuityProvides guaranteed income for the remainder of your life.

• Term CertainProvides guaranteed income payments for a specific period of time (5 to 30 years depending on age at time of application).

• Term Certain to Age 90Provides guaranteed income until age 90.

• Joint Life AnnuityProvides guaranteed income for the remainder of your life and your spouse’s life.

Guarantee PeriodsDepending on your plan you can choose from 5 to 30 years of guaranteed payments. If you pass away before the end of the guarantee period, your payments can continue to a named beneficiary, or be distributed to your beneficiary as a lump sum.

Indexed PaymentsAt the time of issue you have the option of indexing your payments by up to 2% each year. This helps to ensure that the value of your income payments are not eroded by cost of living increases that occur over the term of your contract.

Registered AnnuityWhile saving for retirement, your registeredinvestments have enjoyed the benefits of tax-shelteredgrowth. Income payments from Payout Annuitiespurchased with registered funds are fully taxable inthe year you receive them.

Prescribed TaxationThis tax option is unique to non-registered payout annuities. Policy owners enjoy preferred tax status and level taxation – two great benefits which can result in significant after-tax savings. These benefits are discussed below:

• Preferred tax status: The Canada Revenue Agency (CRA) assigns a preferred tax status to prescribed life annuities, which allows only a portionof the interest income to be taxed. Thisprovides significant tax savings incomparison to other non-registered investment options.

• Level taxable income: Unlike other investments, a prescribed life annuity has a level taxation structure,which means the taxable amount is spreadout evenly over the future life of the owner.As a result, the after-tax income is relativelyconsistent. This can help to ensure thatessential expenses are covered, and helpyou to know the amount of discretionaryincome that is available each year.

When it comes time to receiving your payments there are various factors that will affect the income amount that you will receive, including:

Age – The longer the life expectancy, the lower your payments will be.

Sex – Life expectancies for males and females differ. Females are typically expected to live longer and therefore will receive lower payments.

Interest Rates – Your payment is based on the current long-term interest rate outlook.

Amount of Deposit – The larger your investment, the higher the income payments will be.

Guarantee Period – The shorter the guarantee period, the larger your payments will be.

Indexing – The higher your indexing rate, the lower your initial payment will be. However, over time the payment level will increase and ultimately become higher than the non-indexed payments.

Speak to your Advisor today to find out how an Equitable Life Payout Annuity can be incorporated into your personalizedfinancial plan.

Payout Annuities

Do you want: • Certainty that you won’t outlive

your savings?

• Stability of a guaranteed income?

• To turn your registered savings into retirement income?

Flexibility Equitable Life Payout Annuities offer a simple, yet effective solution that will work to meet your individual needs. Payout Annuities are as unique as you are and are ideal for:

• Individuals looking to cover a short or long term income need

• Converting registered savings to income

• Retirees looking for guaranteed income that will not be impacted by interest rates or market fluctuations

• Covering fixed regular expenses in retirement

• Eliminating worry of outliving your savings

• Providing guaranteed income for your spouse after your death

• Business owners without a company pension plan

• Tuition payments for a child or grandchild

Do you want:• Certainty that you won’t outlive

your savings?



FlexibilityEquitable Life Payout Annuities offer a simple, yet effective solution that will work to meet your individual needs. Payout Annuities are as unique as you are and are ideal for:






• Providing guaranteed income for yourspouse after your death







Payout Annuities









Product Options Equitable Life has several Payout Annuity options to choose from, including:

• Life Annuity Provides guaranteed income for the remainder of your life.

• Term Certain Provides guaranteed income payments for a specific period of time (5 to 30 years depending on age at time of application).

• Term Certain to Age 90 Provides guaranteed income until age 90.

• Joint Life Annuity Provides guaranteed income for the remainder of your life and your spouse’s life.

Guarantee Periods Depending on your plan you can choose from 5 to 30 years of guaranteed payments. If you pass away before the end of the guarantee period, your payments can continue to a named beneficiary, or be distributed to your beneficiary as a lump sum.

Indexed Payments At the time of issue you have the option of indexing your payments by up to 2% each year. This helps to ensure that the value of your income payments are not eroded by cost of living increases that occur over the term of your contract.









your savings?












Payout Annuities









Registered Annuity While saving for retirement, your registered investments have enjoyed the benefits of tax-sheltered growth. Income payments from Payout Annuities purchased with registered funds are fully taxable in the year you receive them.

Prescribed Taxation This tax option is unique to non-registered payout annuities. Policy owners enjoy preferred tax status and level taxation – two great benefits which can result in significant after-tax savings. These benefits are discussed below:

• Preferred tax status: The Canada Revenue Agency (CRA) assigns a preferred tax status to prescribed life annuities, which allows only a portion of the interest income to be taxed. This provides significant tax savings in comparison to other non-registered investment options.

• Level taxable income: Unlike other investments, a prescribed life annuity has a level taxation structure, which means the taxable amount is spread out evenly over the future life of the owner. As a result, the after-tax income is relatively consistent. This can help to ensure that essential expenses are covered, and help you to know the amount of discretionary income that is available each year.









your savings?
















Payout Annuities








Speak to your Advisor today to find out how an Equitable Life Payout Annuity can be incorporated into your personalized financial plan.

1244(2015/03/10)

Payout Annuities

Savings and Retirement



EQUITABLE LIFE PAYOUT ANNUITIES













Works for me.®




Key Benefits:



• No need to worry about market fluctuationsor changes in interest rates






With Equitable Life’s Payout Annuities, you have the flexibility to customize the plan that fits your needs. There is no need to worry about market fluctuations or sudden changes in interest rates, your investment will continue to provide you with secure and uninterrupted guaranteed payments for the term that you choose*.


Payout Annuities

Savings and RetirementEQUITABLE LIFE PAYOUT ANNUITIES












Key Benefits:











Works for me.®

Canadians have turned to Equitable Life since 1920 to protect what matters most. We work with your independent fnancial advisor to offer individual insurance and savings and retirement solutions that provide good value and meet your needs – now and in the future.

But we’re not your typical fnancial services company. We have the knowledge, experience and ability to find solutions that work for you. We’re friendly, caring and interested in helping. And we’re owned by our participating policyholders, not shareholders. So we can focus on your interests and provide you with personalized service, security and wellbeing.

One Westmount Road North, Waterloo, Ontario N2J 4C7




1244(2015/03/10)

www.equitable.ca

a payout annuity is a lump sum investment that works for me. · payout annuity you will receive...

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