Guaranteed Income– For Life: What You Should Know About Life Annuities

The traditional old-fashioned pension plan—the one where employers rewarded decades of employee loyalty with an income for the worker and his or her family for life after retirement—is hard to come by anymore. As the economy globalized, more and more private employers, both in the United States and Canada, were forced to reduce or eliminate traditional defined benefit pension plans. They were just too expensive for employers to maintain while still remaining competitive with...