Annuities - How Is My Annuity Income Determined?
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How is annuity income determined?
The amount of income provided through a Manulife Annuity is generally determined at the time of purchase and depends on:
The amount of money you deposit,
Current interest rates,
If you want your payment amount indexed (to increase over time),
Sex and age
The amount of income you want to guarantee (if you elect this option)
Your
advisor
can explore various income scenarios with you and help investigate the type of income you could expect in your situation.
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