Where To Buy Annuities In Canada? 
In Canada , there are two basic types of immediate -LRB- payout -RRB- annuities , term certain and life annuities . Term certain annuities payout over a specified term and then stop . Life annuities payout over the lifetime of the annuitant -LRB- can be joint life -RRB- . Life annuities can also include a guaranteed payout option . Life annuities are only available from life insurance companies . Term certain annuities are available from available from life insurance companies and other financial institutions including banks and trust companies.There are a number of different options to consider when purchasing an annuity too numerous to cover here . You would be best served by working with an independent insurance broker who can help you find the right plan . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . 