Deferred annuities

RBC’s new multi-year guarantee deferred annuity is a true six-year walkaway product, with low surrender charges. Features include full accumulation value, paid at death, plus low surrender charges and guarantees tied to a consistently strong financial profile. The product provides a six-year guaranteed interest rate, locked at time of issue, with the surrender charge schedule ending after the sixth year. At the end of year three, the owner has an option to increase the guarantee rate by 50 basis points by adding three years to the contract duration.