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Old 02-07-2020, 05:48 PM   #2
Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta

I have had a few clients look at annuities in general for their retirement income. The general idea is using this as a piece of the retirement income, but not the entire thing. The reality is that with interest rates as low as they've been though, it's not that attractive.

There are all kinds of configurations and options when it comes to these products. Some are indexed, some are guaranteed for a certain period and some are bare bones with nothing of that nature. I find most of the pricing among the companies has been pretty competitive and I don't see huge outliers. They're all using the same information and mortality tables, so it makes sense that rates are close.
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