Longevity annuities can be a useful tool in retirement planning. In line with this, the 2019 federal budget allowed for the purchase of advanced life deferred annuities (ALDAs). A recently completed CIA research paper takes a closer look at longevity annuities and how they fit in with Canada’s tax rules and retirement system. In this episode, we speak to Rui Zhou, ACIA, one of the paper’s authors to learn more about their research findings.
Read the paper: https://www.cia-ica.ca/publications/publication-details/rp220135