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Empire Life Immediate Annuities provide you with the security and predictability of guaranteed income payments for life or over a specific term.

Are Empire Life immediate annuities for you?

If you are looking for guaranteed, predictable income for life or over a term you choose, and don't want to make on-going investment decisions, an immediate annuity may be for you.

How immediate annuities work

In exchange for a one-time deposit, you receive guaranteed, set income payments. The amount of income you receive depends on a variety of factors including the amount you deposit, current interest rates, your age and the type of annuity you choose.

Key Features and Benefits

You can choose an immediate annuity for life or for a specific term. To give you maximum flexibility, we offer four types of immediate annuities.

Guaranteed income for you, your spouse and your loved ones
Joint and Last Survivor Annuities with a guaranteed period pay a guaranteed income for life to you and your spouse, as long as one of you survives. If you and your spouse die before the end of the guaranteed period, Empire Life will continue paying the income to your named beneficiary until the end of the guaranteed period.*

Guaranteed income for you and your loved ones
Single Life Annuities with a guaranteed period pay you a guaranteed income for life. If you die before the end of the guaranteed period, Empire Life will continue paying the income to your named beneficiary until the end of the guaranteed period.*

Guaranteed income for life
Single Life Annuities pay you guaranteed income for as long as you live. There are no payments made after your death.

Guaranteed income for a specific term
Term Certain Annuities pay you a guaranteed income for a specific term only. If you die before the end of the term, Empire Life will continue paying the income to your named beneficiary until the end of the term.* You can choose a term from 10 years up to age 90.

Accessibility and flexibility
The minimum deposit to an Empire Life immediate annuity is $7,500 ($2,500 for transfers from another Empire Life investment). You must be between 35 and 85 years of age to purchase. You can choose to receive your annuity payments monthly, quarterly, semi-annually or annually.

Get Empire Life immediate annuities working for you

If you would like to find out more about Empire Life immediate annuities, talk to your advisor.

* if permitted by law