Annuities-----------an annuity is you gambling that you will outlive your money with the insurance company gambling you will not. If you buy an annuity with your cash you get a monthly cheque as long as you live and if you die prematurely it stops. Obviously if you think your not going to live up to or beyond normal life expectancy then don't buy an annuity just put your money into a RRIF. Do folks know that life insurance on the other hand is your gamble that your going to die too soon while the insurer is gambling your going to live?
Manulife
- Thread starter Rockslinger
- Start date
Annuities will have varying terms. Some are guaranteed for a minimum period, whether you die or not, (say 10 or 20 years). Some carry over to your spouse and their life-time. I'm sure they would sell you one that could carry over to certain of your heirs. The more the carry-over the lower the monthly payment.It's all based on actuarial calculations for the life of the beneficiaries. Next generation beneficiaries add much more uncertainty to the calculation, thus reducing the monthly payout.brocko said:Annuities-----------an annuity is you gambling that you will outlive your money with the insurance company gambling you will not. If you buy an annuity with your cash you get a monthly cheque as long as you live and if you die prematurely it stops. Obviously if you think your not going to live up to or beyond normal life expectancy then don't buy an annuity just put your money into a RRIF. Do folks know that life insurance on the other hand is your gamble that your going to die too soon while the insurer is gambling your going to live?
E
enduser1
Steely said:.....right now I'm a buyer of this and other good companies
It looks like Manulife is a buyer of AFG's Canadian assets, or a bidder anyway. I think we can safely trash the Manulife rumor.
EU
In this insane environment, my concern is the soundness of the guarantee. I think anything short of a Government of Canada guarantee carries at least some risk.euripides said:Annuities will have varying terms. Some are guaranteed for a minimum period,
I'm a bit confused by the split. Does this mean the post-split IPO price is actually $9? If yes, we are getting pretty close to the $9.Steely said:It was $18.00 went up to close to $80.00 and they split 2 to 1. After IPO they went down to 15 and change as a lot of policy holder who got free shares cash in.
