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Prospera Insurance Agencies


Concerned about running out of money in retirement? Annuities can provide guaranteed income for life.


When you buy an annuity, you give an insurance company a lump sum of money and the insurance company gives you a predictable, guaranteed stream of income for a specific number of years or the rest of your life. It’s a bit like buying your own pension plan.

Annuities are provided by Prospera Insurance Agencies Ltd*.

Annuities are right for you if:

  • You want the security of knowing how much income you’ll receive and for how long.
  • You have a lump sum you won’t need to access again.

How annuities help:

  • Enjoy financial confidence with a certain level of income you know you can count on.
  • Customize your payments so they continue as long as you need them.
  • Don’t worry about market ups and downs since annuity income doesn’t depend on your investment decisions.
  • Get an easy, hands-off solution for your maturing Registered Retirement Savings Plan (RRSP).
  • Save taxes in some cases on annuity income that counts as tax-free “return of capital.”

Fixed or variable annuities

With a fixed annuity, you know exactly how much regular income you’ll receive, either for a specific term (a term-certain annuity) or for life (a life annuity). This certainty makes fixed annuities an extremely valuable tool for retirement planning.

With a variable annuity, you’ll still receive some fixed, preditable income. However, you’ll also get some variable income that rises when the investments within the annuity fund perform well and drops when they don’t. There’s less stability with a variable annuity, but also an opportunity to benefit from strong returns. 

Talk with an advisor to see which is best for you.
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Prospera Insurance Agencies Ltd. provides life, disability, critical illness and long-term care insurance, annuities, and full business solutions such as group benefit plans, succession planning, and business owner insurance.

Your insurance contract will provide details of the coverage available under the plan you choose. Restrictions may apply.