Retirement Plan with
Monthly Income
Retire with Confidence—Enjoy Guaranteed Monthly Income for Life
Planning for retirement shouldn’t be stressful. You’ve worked hard your whole life—now it’s time to ensure your money works just as hard for you. A Retirement Plan with Monthly Income helps Canadians like you turn savings into steady, tax-efficient income that lasts through retirement.
Let’s Make Your Retirement Stress-Free
At Canadian LIC, retirement planning isn’t just about numbers—it’s about giving you the freedom to live life on your terms. Our mission is to help you retire comfortably with a steady monthly income and a plan that protects your wealth, your health, and your loved ones. We build customized retirement income plans designed around your financial goals, lifestyle needs, and unique tax situation.
With access to Canada’s most trusted insurance and investment providers, our experienced advisors work with you one-on-one to help you:
Why Choose a Retirement Income Plan?
Retirement isn’t just about stopping work—it’s about living life on your terms, with the financial security to do so. A well-designed Retirement Income Plan gives you certainty, flexibility, and peace of mind in your post-working years. Here’s why thousands of Canadians are choosing these plans to shape their retirement future:
Guaranteed Monthly Payouts
Imagine never having to guess how much money you'll have each month. With a Retirement Income Plan, you receive stable and predictable monthly payments for a set period—or even for life. Whether it’s paying bills, traveling, or spoiling your grandkids, you’ll always know what’s coming in. Your income isn’t affected by the ups and downs of the market, giving you true financial stability.
No Market Uncertainty
In retirement, market volatility can be your biggest enemy. A stock market drop could shrink your savings at the exact moment you need to withdraw. But with income guarantees built into your plan—like through annuities or insurance-backed funds—you get reliable income no matter what happens on Bay Street or Wall Street. You can sleep easy knowing your lifestyle won’t be compromised by economic swings.
Tax-Efficient Withdrawals
Retirement isn’t just about how much you make—it’s about how much you keep. Our Retirement Income Plans are carefully structured to help minimize your tax burden, especially when combining income from CPP, OAS, RRIFs, or non-registered investments. We help you reduce clawbacks, avoid bracket creep, and defer unnecessary tax—so your money stretches further, for longer.
Flexibility and Control
No two retirements are the same. Whether you want to retire at 60 or work part-time until 70, your Retirement Income Plan can be customized to fit your timeline and your lifestyle. Choose when your income starts, how much you receive each month, and how long the payouts continue. Want to leave room for travel in your early retirement years? We can front-load your income. Want to ensure long-term care coverage in your later years? We’ll plan for that too.
Survivor Benefit Options
Your plan doesn’t end with you. If you have a spouse, partner, or family member who depends on your income, we offer options that provide continued financial support after you’re gone. Choose joint-life income plans, guaranteed payout periods, or refund-of-premium features to ensure your loved ones remain financially secure. It’s not just about income—it’s about legacy and responsibility.
At Canadian LIC, we believe your retirement income plan should work just as hard as you did. We help you align your income streams with your goals—tax-smart, inflation-aware, and 100% focused on long-term security.
Who Should Consider This?
Our Retirement Plan with Monthly Income is built for Canadians who want more than just savings—they want security, consistency, and confidence in their retirement years. Here’s who can benefit the most:
Canadians worried about Retirement
If you're in your 30s, 40s or early 50s, now is the time to shift from wealth accumulation to income planning. You’ve likely spent decades building your savings—and now you need a plan to convert it into dependable, lifelong income. We’ll help you structure your assets to avoid costly tax errors, maximize government benefits, and secure predictable monthly payouts to cover your lifestyle needs.
Self-Employed Professionals or Business Owners Without a Company Pension
As a self-employed Canadian or business owner, you don’t have access to a traditional employer pension plan. That means the responsibility of creating retirement income stability falls entirely on you. Whether you’ve built wealth inside a corporation or through RRSPs, we help you turn that capital into guaranteed income—while also protecting your estate and reducing tax exposure.
50+ Looking to Supplement CPP, OAS, and RRSPs
Even with Canada Pension Plan (CPP), Old Age Security (OAS), and Registered Retirement Savings Plans (RRSPs), many retirees discover they still face income gaps. Rising living costs, unexpected healthcare expenses, and longer life expectancy all create challenges. We fill that gap with solutions like annuities, RRIF income plans, or segregated funds that provide secure, tax-efficient monthly payments—for life.
Anyone Concerned About Outliving Their Savings
One of the biggest fears for Canadian retirees is running out of money too soon. If you’re worried that your savings might not last through a long retirement, you’re not alone. We offer solutions that guarantee income for as long as you live—even if you live to 100—so you never have to fear financial uncertainty.
Who Benefits Most from a Retirement Income Plan?
While retirement income plans offer value to all Canadians, certain groups stand to gain significant financial and emotional stability by choosing a structured, guaranteed income strategy. Here’s why this plan could be your smartest financial move:
Women Preparing for Longer Retirement Horizons
Women statistically live longer than men and are more likely to spend additional years in retirement alone. This extended lifespan increases the risk of outliving savings, especially without a spouse's pension or income. A retirement income plan ensures a steady monthly payout for life—no matter how long you live—helping women retire with confidence, security, and independence. It also offers spousal continuation benefits, ensuring that if you're the surviving partner, your income won't disappear.
Individuals with Low Risk Tolerance Seeking Financial Predictability
If you’re someone who worries about market fluctuations, global economic shifts, or unpredictable investment returns, a retirement income plan offers a risk-free foundation for your financial future. It takes the guesswork out of retirement by providing fixed income, unaffected by stock market crashes or economic downturns. This is ideal for conservative investors who prioritize stability over high-risk growth.
Families Planning for Income Continuity for a Surviving Spouse
Many families rely on a single source of income in retirement. If something were to happen to you, could your spouse continue to live comfortably? With options like joint-life payouts, guaranteed income periods, or refund-of-premium clauses, your plan can be structured to ensure your loved one continues to receive income—even after you’re gone. This offers true peace of mind and allows for dignified, uninterrupted living for the surviving spouse.
Canadians with Large RRSPs Seeking Tax-Minimization Strategies
If you’ve built a substantial RRSP, congratulations—but now comes the harder part: drawing that money efficiently. Without planning, your RRSP withdrawals could push you into a higher tax bracket, trigger OAS clawbacks, or leave your estate exposed to significant taxation. A structured income plan helps you strategically convert RRSP savings into tax-smart monthly income, preserving your wealth and minimizing your tax bill both now and for your heirs.
Anyone Transitioning from Full-Time Work to Semi-Retirement or Phased Retirement
If you’re not ready to stop working completely—or want to reduce hours gradually—a retirement income plan bridges the gap. It supplements reduced employment income with predictable payouts, allowing you to enjoy a flexible lifestyle while maintaining financial control. Whether you're working part-time, consulting, or downsizing your hours, this plan ensures you won’t experience income gaps or cash-flow stress.
At Canadian LIC, we help tailor every Retirement Income Plan to match your life’s vision—whether you’re planning ahead, already retired, or supporting someone through this transition. We combine reliable payouts, smart tax strategies, and flexible benefit options to help you live freely without financial fear.
Other Retirement Income Solutions We Offer
- Life Annuities:- Lock in a guaranteed income for life—no matter how long you live.
- Guaranteed Income Funds:- A mix of investment and insurance protection that ensures you never lose your base income.
- RRIF to Income Plan Transfers:- Turn your RRSP or RRIF into structured income with lower volatility and predictable payouts.
- Segregated Fund Payout Options:-Protect your capital while receiving steady income from insurance-wrapped investments.
Let’s Make Your Retirement Stress-Free
At Canadian LIC, retirement planning isn’t just about numbers—it’s about giving you the freedom to live life on your terms. Our mission is to help you retire comfortably with a steady monthly income and a plan that protects your wealth, your health, and your loved ones. We build customized retirement income plans designed around your financial goals, lifestyle needs, and unique tax situation.
With access to Canada’s most trusted insurance and investment providers, our experienced advisors work with you one-on-one to help you:
Protect Against Market Downturns
Market volatility can be stressful, especially in retirement. That’s why we incorporate guaranteed income solutions, such as annuities and segregated funds, that protect your income—even if markets dip. You get the stability you need without sacrificing growth potential.
Maximize Your Pension and RRSP Income
We ensure you're drawing the right amount from your RRSPs, RRIFs, CPP, and OAS in the most efficient way possible. Our strategies help you avoid early withdrawal penalties, reduce clawbacks on government benefits, and extend the life of your retirement assets.
Reduce the Impact of Inflation
Your retirement income should grow as your cost of living rises. We build plans that include inflation-protected income options and regular payout increases, so your purchasing power stays strong—today, tomorrow, and years from now.
Checkin ✔ Ensure Income for Your Spouse or Partner
We offer joint-life income plans that continue payments to your surviving spouse, so they’re never left financially vulnerable. You can also add guaranteed payout periods or refund-of-premium options to make sure your loved ones are cared for.
With Canadian LIC’s personalized guidance, you’re not just investing in a plan—you’re investing in peace of mind, predictability, and security for the decades ahead. We’ll walk you through every step—from income calculation and product selection to tax optimization and legacy planning.
At Canadian LIC, we help tailor every Retirement Income Plan to match your life’s vision—whether you’re planning ahead, already retired, or supporting someone through this transition. We combine reliable payouts, smart tax strategies, and flexible benefit options to help you live freely without financial fear.
Ready to Retire Worry-Free?
Get your free retirement income quote today.
Let us show you how much you can receive every month—guaranteed.
Frequently Asked Questions
Retirement Income a Plan Brochure
Live Fully. Retire Fearlessly.
WHY CHOOSE A RETIREMENT INCOME PLAN?
- Guaranteed Monthly Payouts:- Steady, predictable income for life—so you always know what’s coming in.
- No Market Uncertainty:- Your income isn’t tied to volatile investments. No surprises. No losses.
- Tax-Efficient Withdrawals:- We help structure your plan to reduce the tax you pay and keep more in your pocket.
- Flexible Payout Options:- Customize your income to start when you want and last as long as you need.
- Spousal and Survivor Benefits:- Ensure your loved ones are protected with joint or guaranteed income options.
WHO SHOULD CONSIDER THIS?
- Canadians 50+ planning ahead
- Self-employed professionals without company pensions
- Retirees looking to supplement CPP, OAS, and RRSPs
- Anyone concerned about running out of money too soon
WHO BENEFITS MOST?
- Women Planning for Longevity :-Protect against outliving your savings with lifetime income and spousal benefits.
- Low-Risk Investors :-Enjoy predictable cash flow—no matter how markets perform.
- Couples Planning Ahead :-Ensure income continues for your spouse or partner even after you're gone.
- High RRSP Holders :-Convert large RRSPs into monthly income while reducing your tax bill.
- Phased Retirees :-Bridge the gap between full-time work and retirement with a flexible income stream.
WHAT WE OFFER
- Annuities – Guaranteed lifetime income
- RRSP to RRIF Transfers – Structured, tax-smart withdrawals
- Guaranteed Income Funds – Protected payouts plus growth
- Segregated Fund Income Options – Capital protection + income
- Legacy Planning – Include estate and survivor benefits
WHY CANADIAN LIC?
- 1-on-1 Financial Consultations
- Custom Income Strategies
- Insurance + Investment Integration
- Proudly Canadian & Serving Nationwide