About Annuities
What is the i2Live Annuity from Sun Life Financial of Canada?
The i2Live Annuity is a flexible annuity which has a unique guaranteed income option.
We describe a flexible annuity as a policy that combines the advantages of an income for life with the advantages of a certain amount of flexibility and control over income payments, investment options and death benefits
i2Live has the following features
- Guaranteed income option
- Flexible income
- Investment control - wide range of funds
The i2Live annuity is part of the innovative range of i2Live retirement products
from Sun Life Financial of Canada.
The Advantages |
Option for a Guaranteed income for life. This is calculated as 75% of the calculated sustainable income. Sun Life will calculate the level of sustainable income taking into account various financial factors.
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There is a joint life option so your partner can continue with all or part of your
fund if you predecease them |
By investing in real assets you will have the opportunity to benefit from any future
investment growth.
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The Risks
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The only risk with a guaranteed income option is that the insurance company will
not be able to meet the guarantee promise. However, Sun Life Financial of Canada use sophisticated
hedging techniques to ensure that any guarantees will be met. |
If both you and your partner die soon after taking the annuity there will no funds
available for other family members. However it is possible to have a guarantee period. |
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The value of investments may go up as well as down and there is no
guarantee on the value of the investments, but there is an income guarantee
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