Mutual Funds are provided through Desjardins Financial Security Investments Inc.  Except for segregated funds in self-directed accounts which are offered through DFS Investments, Life and Health Insurance products are provided through Desjardins Independent Network Insurance Agency.  Desjardins Independent Network Insurance Agency is a business name of Desjardins Independent Network Insurance Inc. which also operates in BC under the assumed name Desjardins Independent Network Insurance Agency Inc.
Desjardins Insurance refers to Desjardins Financial Security Life Assurance Company.  Desjardins Insurance products are sold by the authorized independent insurance advisors.

Annuities

WHAT ARE THEY?
An annuity is a fixed amount of income received for a definite period of time.  Once an annuity contract is issued, the payments will not change in amount or frequency.  No matter the economic or market conditions, your payment is guaranteed to remain the same.  Annuities are most often used as a source of income during retirement.  There are two general types of annuities; term certain and life annuities.

TERM CERTAIN ANNUITY
With a term certain annuity, you will receive a specific number of payments (usually monthly) for a specific amount of time.  Once the contract is up, the payment will cease, the annuity will end, and your balance will be zero.  Term certain annuities make higher payments than GICs because they pay your principal plus your interest over the term in level amounts.

LIFE ANNUITY
There are two general types of life annuity; single and joint.  If you have a single life annuity, you will receive a monthly payment for as long as you are alive.  If you have a joint life annuity, a payment will be made as long as one of the two participants is alive.

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