Payout Annuities

A payout annuity can be used as a guaranteed income. It can be used for short or long-term income needs. It can also cover fixed expenses in retirement or give guaranteed income that is not affected by interest rates or market fluctuations. Payout annuities can also be used for converting registered savings to income.

Notable Features

Registered, non-registered, pension and locked-in monies
Indexed payments
Prescribed and non-prescribed tax treatment (non-registered annuities)
Guarantee periods
Potential for creditor protection
Flexibility

Payout Annuity Options

There are lots of payout annuity options available. Each gives the opportunity to build a retirement income solution based on personalized financial goals.

Life Annuity
Annuity Certain (non-registered only)
Annuity Certain to age 90
Joint and Survivor
Joint and Survivor (with reducing payments)

Equitable Savings & Retirement Webcast featuring Payout Annuities

Nov 14, 2024

New Payout Annuity Application

Sep 25, 2024

Equitable Savings & Retirement Webinar Series presents Payout Annuities: A Retirement Strategy

Nov 2, 2023

November is Financial Literacy Month

Nov 1, 2023

Expanding Online Annuity Quotation Eligibility

Nov 24, 2022

Equitable Life Savings & Retirement Webinar Series featuring Payout Annuities.

Nov 9, 2022

Give clients guaranteed retirement income with Payout Annuities

Jul 5, 2022

Equitable Life Savings & Retirement Webinar Series featuring Dynamic Funds

Apr 27, 2022

Getting a tax refund is exciting, but should it be?

Apr 19, 2022

Equitable Life Savings & Retirement Webinar Series featuring Equitable Asset Management Group

Mar 21, 2022

EAMG market commentary

Mar 14, 2022

Equitable Life awarded FundGrade A+ awards for 2021

Jan 31, 2022

CapIntel Partners with Canadian Financial Services Leader Equitable Life to Enhance Experience for Financial Advisors and Customers

Jan 24, 2022

Equitable Life offers more than 60 years of RSP innovation

Jan 24, 2022

Anytime. Anywhere! Equitable Client Access

Dec 8, 2021

Equitable Life Savings & Retirement Webinar Series featuring Invesco Europlus

Nov 17, 2021

Short and long-term income solutions from Equitable Life

Oct 7, 2021

Equitable Life Savings & Retirement Webinar Series features Payout Annuities

Oct 6, 2021

Make It Easy EZtransact Contest

Sep 13, 2021

Deposits to the Fidelity Special Situations mutual fund are being limited but the segregated fund is available to your clients.

Jun 28, 2021

Equitable Life Savings & Retirement Webinar Series welcomes Mackenzie Global Strategic Income.

Jun 16, 2021

Equitable Life Savings & Retirement Webinar Series welcomes Fidelity Investments Canada.

May 26, 2021

Did you know that you can generate a report detailing all or some of your client’s investment policy information?

Mar 17, 2021

Equitable Life Savings & Retirement Webinar Series welcomes Equitable Asset Management Group

Mar 10, 2021

Equitable Life awarded seven Fundata FundGrade A+ awards

Feb 19, 2021

If you would like to order paper copies, click here for the Savings and Retirement Supply Order Form.

This table includes downloadable marketing materials saved in PDF format. Each row is a different product and may contain versions of the brochure in alternate languages.
Form Number	Marketing Material Name	Available Languages
0455	Annuity Settlement Option File	FR
0355	Payout Annuity Application File (fillable/savable)	FR
0687	Payout Annuity Quote Template File Available in PDF only (fillable/savable)	FR

If you would like to order paper copies, click here for the Savings and Retirement Supply Order Form.

This table includes downloadable marketing materials saved in PDF format. Each row is a different product and may contain versions of the brochure in alternate languages.
Form Number	Marketing Material Name	Available Languages
1244	Payout Annuities Client Brochure File Equitable payout annuities offer a simple, yet effective solution that will work to meet your individual needs.	FR
1369	Payout Annuities Product at a Glance File A Payout Annuity is a lump sum investment that provides guaranteed income.	FR
1947	Payout Annuity Interest Rate Guarantees (Advisor) File When you request a rate guarantee, you are guaranteeing the interest rate, not the dollar amount of the annuity payment. (Available in PDF only)	FR
1507	Payout Annuity Rate Guarantees File A rate guarantee locks in the interest rate that will be used to calculate the income payment. (Available in PDF only)	FR
1511	Prescribed Annuities: Tax-Efficient Retirement Income File Prescribed Annuities: Tax-Efficient Retirement Income	FR
1514	Gradual Inheritance Strategy File When electing this option, you are requesting that the death benefit proceeds payable at your death are used to purchase an annuity for your beneficiary(ies).	FR

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Article
Does a payout annuity fit your retirement plan? When you reach retirement, your focus shifts from saving money to spending money. Now before you get too excited, what I mean by spending money is that you are pulling the money out of your account for living expenses. Let me see if I can be clearer.

If you would like to order paper copies, click here for the Savings and Retirement Supply Order Form.

This table includes downloadable marketing materials saved in PDF format. Each row is a different product and may contain versions of the brochure in alternate languages.
Form Number	Marketing Material Name	Available Languages	Product
1638	Equitable's Competitive Advantage File When it comes to simple and straightforward investment products and resources for clients, advisors look to Equitable® to help build and support their business.	FR
1947	Payout Annuity Interest Rate Guarantees (Advisor) File When you request a rate guarantee, you are guaranteeing the interest rate, not the dollar amount of the annuity payment. (Available in PDF only)	FR
SS2	Equimax & Term Certain Annuity Package File This sales track shows you how to use a Term Certain Annuity to prearrange funding for an Equimax policy.	FR	Participating Whole Life Term
2046	WL & Annuity - Child's 10 Pay File	FR	Participating Whole Life
0610	WL Annuity & Checklist File	FR	Participating Whole Life
0613	WL Annuity 20 Pay File	FR	Participating Whole Life
0612	WL Annuity Child's 20 Pay File	FR	Participating Whole Life
0614	WL Annuity Create a Legacy File	FR	Participating Whole Life

Deposit Amounts:
Life Annuities:

Registered: $10,000 - $2,000,000 (up to a maximum of $8,333.33 monthly income)
Non-Registered: $10,000 - $1,000,000 (up to a maximum of $5,000.00 monthly income)

Term Certain:

All registrations: $10,000 - $2,000,000 (up to a maximum of $8,333.33 monthly income)

Required Guarantees:

Registered: 5 – 30 years
Non-Registered: 7 – 30 years

Special quotes:
A special quote can be requested for payout annuities that fall outside of the minimum/maximum thresholds. To request a special quote, complete the “Special Annuity Quote Template”, and sending it to annuityquotes@equitable.ca.

Rate Guarantees:
To lock in a rate guarantee complete the following steps:

Run the quote and complete the application with the client.
Obtain the rate guarantee by sending the signed application and quote to Equitable Life through EZupload or by fax at 519.883.7428. The documents must be submitted on the same day the quote was run.
Equitable Life will honour the rate guarantee provided that the deposit is received in the required timeframe:

Deposits made by personal cheque: The deposit must be received within 3 days of the rate guarantee.
Transfers from another financial institution: The deposit must be received no later than 45 days of the rate guarantee.

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