Sun Life launches retirement income product

Sun Life Financial has launched SunFlex Retirement Income, which offers:

• Guaranteed income for life that remains consistent and is not impacted by market ups and downs, to cover the basics such as housing, food, and clothing;

• Potential bonus income that is based on market performance of selected funds, to cover additional lifestyle expenses; and

• Flexibility to meet changes in future income needs.

Also read:

Retirement planning: A case study

Lifelong retirement income: The zone strategy

5 risks to retirement income

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.