Meet Sonya, a 60-year-old conservative investor with over a million dollars currently held in her bank account. She wants to:
Sonya decides to invest $1,000,000 and purchases a Knighthead Annuity Safe HarbourTM G5 at a guaranteed rate of 3.25%. With this product, Sonya will earn $173,411 over the 5-year duration of the contract. Sonya also knows her principal is protected. This guaranteed rate of return gives her peace of mind knowing she’ll have a secure source of money to leave behind as a legacy. Plus, if necessary, she has the added flexibility to convert this into an income stream at the end of the term or continue the contract for an additional term(s).