How do joint annuities work?

Joint-and-last-survivor benefit is an annuity that pays income to you and your spouse for life. Even if you die, your spouse will continue to receive income. The terms of an annuity are affected by a number of factors including, your age.

The annuities hub on GetSmarterAboutMoney.ca may be helpful to build your knowledge and understanding on the topic. Speak with a registered financial representative for personalized advice.