Home| About Us | Contact Us | Site Map

Ph: (868) 674-0130 Fax: (868) 638-6663

Email: email@maritimefinancial.com

Our Service

Individual Life Insurance

Annuities

REAP

Health and Major Medical

Admed (Major Medical)

Group Insurance

Payment Method

Home » Annuities

Annuities

An annuity is a financial product that allows you to pay premiums and then receive regular or lump sum payments in the future, upon maturity of the plan or at retirement .It can also be used to reduce your tax liability, this is called a registered annuity. The Board of Inland Revenue must approve it. Contributions to this type of annuity are exempt from income tax up to specific maximum amounts per year. The benefits of an annuity are great. This can be used to supplement retirement income or the lump sum may be used to liquidate mortgage or other loan debts, fund long-term health care expenses or investment in a business. When it comes to addressing your retirement income needs, we at Maritime have the solution with our REAP Annuity which is a registered annuity.

To provide a regular, dependable guaranteed stream of income typically upon retirement.