Consumer Advisor Log in Français Main navigation Home Investments Insurance Group Benefits Forms & Tools Blog About Us Annuities Empire Life Immediate Annuities provide you with the security and predictability of guaranteed income payments for life or over a specific term. Main Content Are Empire Life immediate annuities for you? If you are looking for guaranteed, predictable income for life or over a term you choose, and don't want to make on-going investment decisions, an immediate annuity may be for you. How immediate annuities work In exchange for a one-time deposit, you receive guaranteed, set income payments. The amount of income you receive depends on a variety of factors including the amount you deposit, current interest rates, your age and the type of annuity you choose. We can put you in touch with an advisor to get you on track Find an advisor Key Features and Benefits You can choose an immediate annuity for life or for a specific term. To give you maximum flexibility, we offer four types of immediate annuities. Guaranteed income for you, your spouse and your loved ones Joint and Last Survivor Annuities with a guaranteed period pay a guaranteed income for life to you and your spouse, as long as one of you survives. If you and your spouse die before the end of the guaranteed period, Empire Life will continue paying the income to your named beneficiary until the end of the guaranteed period.* Guaranteed income for you and your loved ones Single Life Annuities with a guaranteed period pay you a guaranteed income for life. If you die before the end of the guaranteed period, Empire Life will continue paying the income to your named beneficiary until the end of the guaranteed period.* Guaranteed income for life Single Life Annuities pay you guaranteed income for as long as you live. There are no payments made after your death. Guaranteed income for a specific term Term Certain Annuities pay you a guaranteed income for a specific term only. If you die before the end of the term, Empire Life will continue paying the income to your named beneficiary until the end of the term.* You can choose a term from 10 years up to age 90. Accessibility and flexibility The minimum deposit to an Empire Life immediate annuity is $7,500 ($2,500 for transfers from another Empire Life investment). You must be between 35 and 85 years of age to purchase. You can choose to receive your annuity payments monthly, quarterly, semi-annually or annually. * if permitted by law Get Empire Life immediate annuities working for you If you would like to find out more about Empire Life immediate annuities, talk to your advisor. Find an advisor QUICK LINKS About Us Careers Investments Insurance Group Benefits Forms & Tools Blog COMPANY Contact Us Legal Privacy Policy Accessibility Consumer Information Empire Life Investments CONTACT US The Empire Life Insurance Company 259 King St. E. Kingston, Ontario 1 877 548-1881 info@empire.ca 8:30 am to 5:00 pm, EST weekdays VISIT US © 2001 - 2021 The Empire Life Insurance Company All Rights Reserved.