PensionCovera FAQ

Consider pension insurance if you seek a stable payment plan to cover ongoing expenses once you retire. It may be especially useful if you lack other steady income sources or wish to supplement existing retirement arrangements.

PensionCovera offers plans with various start dates, benefit amounts, and supplementary riders. Options include fixed or indexed payments, lifetime schedules, or defined-term plans to match personal preferences.

To receive a personalized estimate, fill out our online contact form or call +14165358055. Provide details about your retirement goals and eligibility, and our team will prepare a tailored pension insurance proposal.

PensionCovera provides a range of coverage options including fixed annuity plans, inflation-adjusted arrangements and joint life support for partners, all designed to bring dependable retirement support.

You can tailor your pension plan by selecting the preferred payout frequency, adding optional inflation protection and choosing spousal support features. Our online portal guides you through each choice step by step.

Canadian residents aged 45 and above can apply. We review each applicant’s profile to ensure plans align with retirement objectives, health considerations and desired support levels.

After submitting your details online, a PensionCovera advisor will reach out within two business days. Finalizing plan details and documentation typically takes one to two weeks.

PensionCovera maintains a transparent fee structure, with a one-time administration fee and a modest annual servicing charge. All costs are outlined before you commit.

Yes. You may request plan adjustments such as altering payout frequency or adding spousal support. Changes are effective at the start of the next quarter.

We offer joint-life coverage that continues payments to a surviving partner. This helps ensure both individuals receive ongoing retirement support.

Payouts are generally subject to standard income tax rules in Canada. We provide a detailed tax summary so you can understand any potential withholding before enrollment.

You may transfer eligible external retirement arrangements. Our team coordinates with your current provider to streamline the transfer process and maintain continuity.

Log in to your PensionCovera account, navigate to the beneficiary section and submit your changes. Updates are processed within five business days.

You can contact our support team at +1 416 535 8055 or via the live chat on PensionCovera.com. We’re here to assist you with any inquiries.