Annuities may be convenient for people wishing to receive a periodic, regular amount at some point in their life. You must first deposit or save money that will then be used to generate these regular payments.
For example, you are no doubt familiar with the Régie des rentes du Québec (RRQ). The principle here is to make contributions over a certain period of time (active life) and, then, to make regular (monthly) withdrawals upon reaching a certain age.
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* Mutual funds are distributed through Group Cloutier investments. Please note that mutual funds are not guaranteed. Their values change frequently and past value is not an indication of future performance. Please read the prospectus before investing.