Payout annuities

An easy way to convert your savings into guaranteed income payments.

Looking for a way to help protect yourself from the risk of outliving your money? With a payout annuity, you can turn your savings into guaranteed income for the rest of your life or a specific period of time.

How does it work? In exchange for a lump-sum premium, Sun Life guarantees to pay you an income for life or as long as the annuity contract specifies. That income is secure from both market risks and changes to interest rates.

Find out if a payout annuity is right for you by talking to your advisor. If you don’t have an advisor, we can help you find one.

There’s no cost to talk to a Sun Life advisor – in person, virtually or by phone.

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Why work with an advisor?

You get the advice that's right for you

Whether you want to build your savings or help protect your loved ones, you need advice that’s right for you. A Sun Life advisor can help you make well-informed financial decisions.

You get personalized service

A Sun Life advisor will take the time to listen and learn about your financial goals and what's important to you. They can help you build a roadmap to reach those goals.

You get support

Life can change and so can your financial situation. A Sun Life advisor is here to coach you and help you stay on track toward your goals.