Bernard Footitt takes a look at Canada Life's Annuity Growth Account using a case study to investigate its pros and cons
Bill and Molly have been married 30 years and up until recently have enjoyed good health. Bill owns his own building maintenance firm which he had originally planned to sell to one of his younger friends when he reached 60 in 2010. However, last summer Molly's health suddenly deteriorated and Bill thought it would be a good time to wind down his business to spend more time with her. Bill thought how lucky he was to be in good health, now that Molly was struggling with a bit of heart trouble which had noticeably slowed her down. Bill was assessing what they were worth; their house was st...
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