Business
Can you guarantee your retirement income if you live until 75? What about 100? Sun Life can help make it possible
Can you guarantee your retirement income if you live until 75? What about 100? Sun Life can help ...
About this update from Sun Life Financial Inc.
[{"type":"text","content":"\n \n \n \n Can you guarantee your retirement income if you live until 75? What about 100? Sun Life can help make it possible\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Sun Life takes steps to empower, educate and inspire Canadians to achieve equity and plan for a prosperous retirement.\n \n \n \n \n \n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Nov. 21, 2023\n \n \n /CNW/ - As a new generation prepares for\n \n Canada's\n \n largest wealth transfer, ensuring a prosperous retirement is key to planning for lifetime financial security. But, according to a new survey conducted by Ipsos for Sun Life, nearly half (46%) of Boomers do not intend to use a guaranteed income retirement product and less than half (43%) of Millennials are interested in learning about these products.\n \n \n The number of centenarians in\n \n Canada\n \n has reached a record high, increasing by 64% in just 10 years,\n \n 1\n \n with women living approximately three years longer than men.\n \n 2\n \n As Canadians live longer and as we enter a new era of rising interest rates, market volatility and increasing geo-political risks, traditional investments that Canadians previously relied on to build wealth are not as effective as they used to be. For Canadians to preserve wealth and meet their retirement and estate needs, having a financial roadmap with a mix of guaranteed investment solutions, such as annuities and Guaranteed Income Segregated Funds, has never been more important to build wealth and pass it on to the next generation.\n \n \n \"We've all felt the effects of inflation, pressuring many Canadians to make decisions about how to retrench, reinvest and cut costs,\" said Oricia Smith, President, SLGI ...