Peter Wouters, director of tax and estate planning, Wealth, Empire Life Investments Inc., discusses how term certain annuities work and how they differ from life annuities. He runs through specific examples where term certain annuities would make a powerful contribution to client portfolios. Wouters spoke with Investment Executive reporter Megan Harman at the TMX Broadcast Centre in Toronto.
With uncertainty surrounding pension plans, Peter Wouters, director of retail insurance products and marketing with Kingston, Ont.-based Empire Life Insurance Co., says many investors are still looking for a guaranteed source of income that lasts a lifetime. He explains how annuities can work in an environment of low interest rates. He spoke with reporter Olivia Glauberzon at the TMX Broadcast Centre in Toronto.