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Home > Financial Services > Annuities > Sun Life of Canada Group
Sun Life of Canada Group
Most simply, an annuity is a contract issued by an insurance company that allows you to invest money for the long term and accumulate earnings on a tax deferred basis. This means that interest accumulates free from federal, state and local taxes until you withdraw money from your account, generally at retirement. Money withdrawn prior to age 59½ is generally subject to a 10 percent federal income tax penalty and ordinary income taxes.
Annuities are unique investments in that they are specifically designed to generate retirement income you won't survive, making certain there is a steady stream of income to assist you in achieving a comfortable retirement.
Life insurance is an important component of a solid financial plan and helps to protect your loved ones in the event of your death. The money from the policy referred to as its death benefit, passes on to your designated beneficiary or trust to provide a critical resource for your family's financial needs. Life insurance policy proceeds could mean that your family will be able to avoid selling assets in order to pay remaining bills or estate taxes.
If you own a business, you also need to consider what could happen to it when you're no longer around. Life insurance can be used to accomplish a number of planning objectives such as estate equalization. In any event, it's time to ensure that the things you've spent your life building are passed along to the right people by developing a comprehensive estate plan.
Mutual funds suggest a way for you to invest in pools of stocks or bonds depending on that type of fund managed by investment professionals according to specified investment criteria. MFS Investment Management, the oldest mutual fund company in the US, is a member of the company.
At Company Financial, you'll feel appreciated for your individual accomplishments and for the contributions you make to the common goal. Here, everyone works hard, everyone's voice is heard and at the end of the day, everyone goes home feeling proud of a job well done.
Their employees can also feel proud knowing they work for a socially responsible corporate citizen. They support a variety of nonprofit organizations and they encourage their employees to get involved in charitable causes.
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