CWCC

WEALTH

Annuities

An annuity turns capital into an income the insurer is obliged to pay: for a stated number of years, or for life. The capital is handed over, and the payment becomes a contractual obligation.

What decides an annuity

  • A life annuity and a term certain answer different questionsA life annuity pays for as long as you live, however long that turns out to be. A term certain pays for a stated number of years and then stops.
  • The trade is access for certaintyThe capital is given up. In return the amount written in the contract is guaranteed by the insurer and does not move with markets.
  • The guarantee belongs to the insurerThe payment is the promise of a Canadian insurer. Assuris, the industry protection body, covers annuity payments within stated limits if an insurer fails.

Send this to a licensed advisor

Three questions

Your answers travel with the enquiry so the first conversation starts further along.

Send this to a licensed advisor

So we can confirm the appointment.

An advisor has to be licensed where you live.

Optional.

One more question
Are you a Financial Security Advisor or a life insurance agent?

Either answer is welcome. A conversation with a fellow licensed professional is arranged separately from a conversation about your own coverage.

Privacy notice (Law 25 / PIPEDA)

Information submitted through this form is used solely to respond to your enquiry. It is not sold and is shared only as described in our Privacy Policy. Privacy Officer: Mona Haddad, info@cwcc.ca, 514-875-9444.

In plain language: what you write here is used to answer you, nothing more.

A simple check to keep automated spam out, not a tracking tool.

A licensed advisor replies within one business day. Nothing is owed, and nothing is sold on this page.

No price appears on this page, and none is sent by email. What a contract costs depends on the person and the design, and no honest figure can be produced from three answers.

Jose Salloum, Financial Security Advisor

The cornerstone guide

Start here: the whole strategy in one page

What it is, how it works in Canada, what it costs, what it risks, how long it takes and who it does not suit.

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A thirty-minute discovery meeting

A first conversation establishes whether this fits. No illustration is prepared and nothing is arranged.

Often the answer is no, and you will hear it during the call rather than in a proposal afterwards.

So we can confirm the appointment. An advisor has to be licensed where you live.
Are you a licensed insurance or financial professional?
Meetings with fellow licensed professionals are arranged separately. Either answer is welcome.

You are writing to Canadian Wealth Creation Centre Inc., Laval, Quebec. We reply to the email address you give above, usually within one business day, to arrange a time. This arranges a conversation. It is not advice and nothing is being sold here.

We do not sell or share your address. Consent is required by the Canadian Anti-Spam Legislation and is never assumed.

About the author

Jose Salloum, Financial Security Advisor

Jose Salloum is a Financial Security Advisor (Conseiller en sécurité financière) licensed by the Autorité des marchés financiers in Quebec, by the Financial Services Regulatory Authority of Ontario, and by the Insurance Council of British Columbia. Licensed since 2001, he works with Canadian families, business owners and incorporated professionals.

He is the founder of Canadian Wealth Creation Centre Inc. (CWCC), registered with the AMF, and of its educational branch IBCFinancial.com. He holds the Infinite Banking Concepts® Authorized Practitioner certification from the Nelson Nash Institute, a private certification rather than a regulatory licence.

CWCC is not registered with CIRO and does not provide securities advice. This page is general education and not advice on any individual file.

Read the full biography

Important disclosures

  1. This page is education, not advice. The content is general information prepared by Canadian Wealth Creation Centre Inc. It does not take your circumstances into account and is not a recommendation to buy, hold or cancel any contract. CWCC is not registered with CIRO and does not provide securities advice. The firm places insurance in Quebec, Ontario, Alberta, British Columbia, Manitoba and New Brunswick; clients elsewhere are served by advisors licensed in their province.

    Nothing here was written with your file in front of us. Read it to understand the subject, then judge it against your own situation, ideally with someone who is licensed where you live and who has seen your numbers.

  2. Guarantees come from the insurer, not from the government. Guaranteed values in a life insurance contract are contractual promises of the issuing insurer and depend on that insurer’s financial strength and claims paying ability. Dividends on a participating contract are not guaranteed, are declared at the insurer’s discretion and can change. Policyholder protection in Canada is provided by Assuris within its published limits; deposit insurance does not apply to insurance contracts.

    The guarantees written into a contract are real, and they are the insurer’s. The dividend is not a guarantee at all; it is what the insurer decides to declare each year. Know which numbers are which before you make a plan around them.

  3. Investment discussion is general and comparative. References to investment products, accounts or returns are for comparison and education. CWCC does not sell securities and is not registered with CIRO. Segregated funds are insurance contracts; their guarantees are the insurer’s and apply only at the dates and on the terms written in the contract. Returns are not guaranteed and capital can be lost.

    When this site compares a contract with an investment, it is describing how each works, not telling you which to buy. Questions about securities belong with someone registered to answer them.

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