a guaranteed income for life.
A Gift of Certainty in an Uncertain World
Our Guardianship of Assets strategies, which is the third step to achieving total financial freedom, include longevity risk management techniques. We ensure that your income and assets are well-protected, allowing you to focus on growing your wealth for multiple generations without undue worry about your ownself.
Protecting your lifetime income is crucial to maintaining financial security. This step involves safeguarding against the risk of running out of money in retirement specially during the old age.
Meeting the needs of our clients' longevity risk often involves the use of modern insurance programs not usually available for retail investors that are tailor-made for specific protection requirements. As an independent broker, we are positioned to search the market for the best product mix to meet your specific needs.
Understanding the variety of annuities available can help you tailor a solution to your specific retirement income needs. The most fundamental distinction is between Life Annuities, which provide guaranteed income for your entire lifetime (addressing longevity risk directly), and Term Certain Annuities, which offer payments for a predetermined number of years. You can choose an Immediate Annuity if you need income to start right away, or a Deferred Annuity to begin payments later. Annuities can also be Fixed, providing unchanging payment amounts, or Variable/Indexed, where payments might fluctuate based on market performance, potentially offering growth but also carrying risk. Further customization includes Joint Life options to cover both you and a spouse, and Guarantee Periods to ensure payments continue to a beneficiary for a set time if you pass away early. Each type and feature involves different considerations regarding security, flexibility, and cost, making personalized guidance valuable.
The following is a list of some of the different types of annuity plans available to our clients through us.
For more information on life insurance in Canada, please visit the Canadian Life and Health Insurance Association (CLHIA).
Working Hours
🟢 Monday to Saturday : 9:30 AM - 6:30 PM
🔴 Sunday : Closed
Our Service Area
Ontario | Quebec
Alberta | Nova Scotia
British Columbia | Saskatchewan
New Brunswick
Join Our Blogs
Kanwaljit (Sunny) Kochar DBA Hexavision Enterprise is licensed to sell Segregated Funds investments, Life and A&S Insurance products in Ontario, Alberta, QC, NB, SK, NS and British Columbia. Not available in other provinces.
License #s: FSCO LIC#17161321 (ON), AIC LIC # M-3493167-1763384-2020 (AL), BC LIC#LIC-2020-0022136-R01 (BC). Insurance and segregated funds provided by Carte Risk Management Inc.
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© 2025 Hexavision Enterprise. All rights reserved
A life annuity is primarily designed to provide a guaranteed income stream that lasts for the entire duration of your life. Its core function is to offer financial security in retirement, especially in old age, by mitigating the risk of outliving your savings.
Longevity risk is the risk of outliving your retirement savings due to old age. Life annuities directly address this by converting a lump sum of money into a stream of income that is guaranteed to continue for as long as you live, effectively transferring this risk away from you. By purchasing a life annuity, you transfer both the investment risk and the longevity risk to the insurance company. The insurance company takes on the responsibility of managing the funds and ensuring the guaranteed income stream continues for your lifetime.
Once you purchase a life annuity, you receive regular payments for the rest of your life. This ensures a consistent and predictable income stream, offering peace of mind and stability in your retirement planning.
There are numerous advanced annuity options designed to meet specific needs and financial goals. At Hexavision, the priority is not just choosing a product—but ensuring each solution maximizes the efficiency of your money at work.
Life Annuity for longevity protection.
Joint Life Annuity for couples wanting lifelong income security.
Term Certain Annuity to ensure Guarantees income for a fixed period.
Deferred Annuity for those still working or delaying retirement income for tax planning.
Immediate Annuity starts paying almost right away. Perfect for instant income need.
Fixed Annuity for Steady, predictable income not affected by markets. Peace of mind.
Variable Annuity also called Segregated Funds - the Income fluctuates with investment returns, but can offer investment guarantees. Allows growth potential with downside protection.
Indexed Annuity where the Payments rise with inflation or index performance. Helps keep up with cost of living.
Prescribed Annuity for non-registered money that provides tax-leveling benefits (stable taxable amount). Great for tax planning.
Non-Prescribed Annuity for Standard tax treatment—higher taxes early on, lower later.
Impaired Risk (Age-Rated) Annuity provides higher payouts for those with shortened life expectancy. A fairer option for those in poor health.
Integrated Annuity for higher initial income that tapers off when CPP/OAS kicks in. Smooths retirement income needs.
Our Service Area
Ontario | Quebec
Alberta | Nova Scotia
British Columbia | Saskatchewan
New Brunswick
Working Hours
🟢 Monday to Friday : 9:30 - 6:30 EST
🔴 Saturday and Sunday : Closed
Join Our Blogs/Newsletter
Kanwaljit (Sunny) Kochar DBA Hexavision Enterprise is licensed to sell Segregated Funds investments, Life and A&S Insurance products in Ontario, Alberta, QC, NB, SK, NS and British Columbia. Not available in other provinces. License #s: FSCO LIC#17161321 (ON), AIC LIC # M-3493167-1763384-2020 (AL), BC LIC#LIC-2020-0022136-R01 (BC), AMF LIC# 2023-CI-1016414(QC), LIC # 087345 (SK), FCSC LIC# 220039066 (NB) Insurance and segregated funds provided by Carte Risk Management Inc.
@ 2025 Hexavision Enterprise| Terms And Condition| Privacy Policy | Advisor Disclosure
© 2025 Hexavision Enterprise. All rights reserved