Double Barrel Annuity
Most people take a single-barrel approach to retirement. They accumulate, then they spend. That works until the income years are hit by inflation, a down market, generous vacations, or children tapping “rich†parents — often in a person’s 80s, when going back to work is no longer realistic.
The Double Barrel Annuity fires both barrels at once: a Canvas MYGA restores the original principal on a chosen schedule, while a Canvas SPIA (life only) turns the remainder into guaranteed lifetime income. Each time the MYGA matures, the restored principal is split again. Income stacks. Principal is designed to come back.
Mary, a single 73-year-old retiree, has $500,000 in taxable accounts averaging 4% — about $20,000 a year, fully exposed to rate cuts and inflation, with no lifetime guarantee. Her alternative is the Double Barrel Annuity: safe accumulation in a Canvas Future Fund MYGA, plus guaranteed lifetime income from a Canvas SPIA, repeated until she can no longer issue a new policy.
Annual income is the stacked SPIA payments after each policy’s 3% inflation increase on the anniversary. Each new SPIA is quoted at the client’s attained age.
| Age | Accumulation Value | Annual Income | Total Income to Date |
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