This is a prominent article that is well overdue.As Canada’s leading life annuity broker, we have been saying this for a long, long time.
You don’t know how long you will live. If the interest rates will go up. Whether you and your spouse will enjoy good health in the future or a host of other considerations.
Does anyone think of longevity? We may be living longer so insurers are dropping rates to meet the flood of paying pensions for longer periods.
If you’ve decided you want an income, take it now. You may not be here tomorrow.