Other Important Changes:

• Maximum quote limits reduced for life annuities:
  • Registered: from $2 million to $1 million
  • Non-registered: from $1 million to $500,000         
• CashReady Option is no longer available
• New SPIA Application Form 348E (2015/11/02) is now available for order.  Old Application 348E (2013/01/01) will be accepted until November 30, 2015, after which time the new application must be used.

 
Further details are available in the Transition Rules and the updated SPIA Product Overview.

Prescribed annuity taxation will increase January 1, 2017. 
Recommend today and save your clients tax dollars!
  

* Quotes as of December 18, 2014

MB 387 (2015/10/29)