Hybrid Annuity
Candlefocus EditorWhen exploring hybrid annuities, there are a few key factors to consider. Pricing structures for hybrid annuities may vary, so the investor should research different providers to compare options. To protect their investments, many Canadians turn to hybrid annuities that are protected by a government-backed insurance. This provides an additional level of protection, often at a minimal extra cost. Hybrid annuities also offer flexibility when it comes to premium payments. The investor can select between fixed or flexible payments, allowing them to better plan their finances while taking into account the needs of their family.
Overall, hybrid annuities provide a great solution to those looking to balance their retirement savings portfolio with some growth and income. Although the specifics of this particular investment may be intimidating to some, understanding the basics and researching options should provide a level of comfort and assurance when selecting a hybrid annuity.