Manulife offers Essential Income Annuity as a simple investment solution. Annuity is a single lump sum investment that guarantees regular income payments that will contain both interest and a return of principal.
Since there is no market exposure the income is guaranteed and the rate is often higher than other guaranteed income products. Annuities also offer tax advantages for non-registered funds.
Annuity income payments can last a lifetime or a chosen period of time.
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