Prescribed Annuities
Income for Life
Pay Less Tax


“Rino has been an excellent and reliable resource for annuity and other insurance products.”

Gail Bebee
Toronto, ON
Canada’s Independent Voice on Personal Finance
Author of “No Hype the Straight Goods on Investing Your Money”

“Rino and I go back a long time. Years ago he helped my husband with some good financial advice, and when now in retirement I also needed help related to annuities of course I called Rino. He was most helpful and I now have an annuity which will serve me well into the future. Rino has considerable experience in his field which means that what he recommends will always fit the requirements of any client, and he is always willing to meet any time or place. It is good for me to know that Rino is there to ask advice in any future financial situation.”

Helen Landrigan
Scarborough, ON

“Rino always met with me at my home at a convenient time. He took time to understand my needs and concerns, and future financial planning and offered me sensible options. Rino reviewed my existing investments and advised on how best to optimize on them. I never felt rushed into any decision and Rino respected my lack of knowledge and spent time explaining every detail so that I always felt comfortably in control regarding my financial future.”

Pamela Nash
Toronto, ON

“I found Rino`s services prompt and professional. He answered my questions about an annuity for my son in a clear and concise way, followed by actual numbers and an explanation of choices which enabled me to make the most suitable decision.”

Dieter Claus
Port Coquitlam, B.C

“I became acquainted with Rino through his excellent annuity articles in Canadian Money Saver Magazine. I decided to purchase a prescribed annuity with a portion of my retirement savings in order to provide me and my wife with a guaranteed income for life. I contacted Rino and he listened to our needs and offered his expert advice. He then shopped the market for the best annuity rate with a top insurance company. The whole process was completed over the phone and by mail. Rino also followed up with us to ensure we were satisfied. “
“I would recommend Rino to anyone considering an annuity purchase.”

Michael Pohanka
Kelowna B.C

“Rino helped us in getting the best rate for our annuity. He is very personable and acts professionally. We highly recommend him!”

Thalia & Wayne C.
Richmond Hill, Ontario

“Rino I read your article in Canadian Money Saver Magazine on the topic of Insured Annuities. It attracted my attention enough to do some further research. If one is trying to find a better alternative to GIC’s for a portion of their investments, then Insured Annuities provide a very good option. I also approached 3 other agents and you provided the lowest quote on the life insurance portion of the package.”

Cambridge, Ontario

“I was very satisfied with Rino’s services and would give him top rating. I found him through information he provided on a number of occassions to the Globe & Mail ROB and his on-line videos and articles about annuities for Money Saver magazine. I found him to be honest, straight forward, helpful and not too pushy. Rino took the time to understand my point of view and requirements and ensure that I understood the benefits and drawbacks of annuitizing some of my registered retirement funds. He made suggestions as to how to structure the annuity and which provider made sense for me as my funds came from two registered sources. Because of his suggestions, his quotes were better than two bank sources which I also consulted who clearly had little interest in annuities. He was always prompt in answering my questions and explaining the process.”

Dawn P.
Toronto, ON

“Purchasing an annuity was for my long-term planning to secure a long-term revenue to compensate my other sources of income. Rino Racanelli has been outstanding. His services are extremely professional. I will go back to him for future plans.”

Dr. Ghislain B.
Vancouver, British Columbia

"We purchased annuities for two reasons. A superior rate of return and a fixed income flow for life which fit in with our overall financial goals. Rino is a professional in every way. His knowledge and communication is excellent. His honesty and integrity throughout the process was exemplary.”

Calgary, Alberta

“Our situation is somewhat unique, in that we are both 62 years old, and 3 years ago, I was diagnosed with a blood cancer, called Multiple Myeloma. So, with that in mind, as with anyone, I don’t know my longevity, but am certain it is less than the average 62-year-old male, and high probability it is significantly lower.

Over these past 3 years, as I am a lot less active now, I have spent a significant portion of my winter months reading, studying, watching, and taking courses on financial planning. I have always had an interest in this area and had a good averag3e overall understanding going in and feel I have advanced that to some degree over the last 3 years.

We have talked about an annuity for a long time as part of our retirement income, and the benefit of peace of mind to have a defined benefit pension income to complement CPP and OAS. Where there is no risk and no stress related to market returns. In our opinion an Annuity provides this component.

We used approximately 30% of our RRSP value to purchase the annuity. Which I felt provides us with a nice, fixed income, with CPP and OAS, should all things go really bad, this will always cover our basic needs and cost of living.

We felt the timing was good, as we felt the quotes Rino was able to provide us with were as good as we have seen in a long time and exceeded my personal calculations & expectations.

In our situation, we had quite a large sum in our combined RRSP’s, should we both see 65. Our best strategy is to melt down our RRSP as a couple while keeping us both below OAS claw-back levels. This is advantageous in our situation, opposed to if we are a single person, to minimize the over all tax burden. This complimented that strategy to some degree.

But our number one reason, is my wife is very conservative, and this provides her peace of mind, as we took it in her name, with a 15-year guarantee, starting on her 70th birthday, so a long deferral till it starts. I don’t feel we risked the principle in any way, perhaps we risked some of the potential growth, bur again the trade of peace of mind was significant for us both.

I found Rino, through internet searches on the subject of Annuities. Eventually led me to his website, liked what I read, did a bit more research, and it became obvious that he has spent a lot of years dealing with Annuities and writing on this controversial subject. So, I reached out to him, and he started to provide quotes from several different providers. I do like the benefit a broker provides in it is quick, easy, convenient, unbiased, professional comparison shopping. Our overall experience with Rino went very well, it is about 2-3 months since we purchased the annuity and still feel very good about it and the whole experience.

The reason I feel this is a controversial subject, is you will get and hear so many different opinions on Annuities. Banks don’t like them, most don’t offer them, as banks try to preserve your capital as much as possible, which is their best interested to do so. And is ok if that is your personal priority also and your income needs for the lifestyle you want in retirement are achieved.

I know when I pass, my wife will go to our bank and work with retirement investment team. And I have told her, they will tell her, the Annuity was not a good move on our part. Regardless, I feel it is and so does my wife, again peace of mind, what is that work to a person!

Going to stop rambling, as I can get going on this topic, lol. In closing if in the market to consider an Annuity, I would personally recommend Rino to help educate, provide brokerage service and put in place. Thanks again and all the best.”

Foothills, Alberta

“We do not have a company pension plan. The new annuity will provide us with a secure, steady amount of income, while our bonds, GIC’s and stocks, mostly in RIF’s will generate a decent income but with no guarantees. The piece Rino contributes to MoneySaver magazine every month shows his strong commitment to the annuity product and his role as broker ensured we had the best rates and features. He was prompt in his replies and his response to our questions was very helpful.”

St. Catherines, ON.

“I read “Retired Income for Life” by Fredrick Vettese. I read some related annuities in Canadian Money Saver magazine. It was a good way to convert my LIRA and DPSP into retirement income that would last. Rino checked multiple suppliers to find a solid provider and a good rate of return. He answered all my questions and produced great results.”

Scarborough, ON.

“Steady income (moving from semi to complete retirement), long-term security (no pension plan of my own), guaranteed income stream to supplement RRIF’s and TFSA’s. I have been a subscriber to “Canadian MoneySaver” magazine for over 25 years. During that time I have read many of Rino’s articles on insurance and annuities. We contacted him 2 years ago to assist my husband in researching and purchasing an annuity. The process took just over a month. In 2023, I again contacted Rino for assistance to purchase an annuity for myself. My RRSP was with a discount brokerage who gave us no end of challenges to do this. At first, they claimed that I could not withdraw funds from my RSP to purchase an annuity! After 3 months and many phone calls/emails the annuity was finally set up. Rino was a constant support to me and persistent in getting the brokerage to proceed with the purchase.”

Armstrong, B.C

“Interest rates attractive and guaranteed Income. Rino gave us careful explanation of annuities and products, explained on various options, very professional.”

Greg O. & Nancy C.