A market-based annuity is a contract purchased from an insurance company which provides monthly, quarterly, semi-annual or annual income based initially upon an anticipated investment return and adjusted hereafter to reflect actual investments results.

The lump sum value of your registered plan is converted into an annuity before tax. Only the payments you actually receive are added to your taxable income.

• A market-based annuity guarantees an income you cannot outlive (single or joint life annuity)
• Conversion to a conventional annuity is available at anytime
• Flexibility to choose investment options
• The income fluctuates according to the actual investment results
• Option to change asset mix