Seg fund 2024 - Study guides, Class notes & Summaries

S is 68,single. She has saved $250,000 in non-registered funds, and is seeking guaranteed income to last her as long as she lives. She wants to maximize her available income for the immediate future. Her children are financially comfortable. Which annuities will be most appropriate for her? - ANSWER-section 5.3 Prescribed life straight annuity - By making the annuity a prescribed annuity, she will reduce her tax bill and maximize her income. J has purchased an IVIC featuring a Guaranteed Lif...