Empire Life Immediate Annuities provide the security and predictability of guaranteed income payments for life or over a specific term.
Key Information
- Annuity Options:
- Joint and Last Survivor Annuities with or without a guaranteed period
- Single Life Annuities with a guaranteed period
- Single Life Annuities
- Term Certain Annuities with terms from 10 years up to age 90
- Payment Options: Monthly, quarterly, semi-annual or annual payments made direct to the client's bank account
- Minimum Deposit: $7,500 ($2,500 for internal transfers)
- Lifetime maximum deposit per annuitant is $1,000,000.00
- Issue Ages:
- Life Annuity: Minimum age 35, Maximum age 85
- Term Certain: Minimum age 18, Maximum age 80
- Taxation: Annuities purchased with non-registered funds are prescribed to spread the taxable portion of the income evenly throughout the lifetime of the annuity
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Marketing Materials
- Investment Product Overview (INP-0295)
- Investment Product Overview - Digital Friendly (INP-0295)
- Planning for Retirement (INV-996)
- Annuity Settlement Option Advisor Guide (INV-903)
- Annuity Settlement Option Clients Flyer (INV-SF-820)
- Income Solutions (INV-1123)