Payout Annuities for Residency Visas
For Canadians planning to retire abroad, many countries require proof of lifetime income. A payout annuity helps you meet those requirements with confidence, flexibility, and guaranteed income recognized by foreign governments. Turn your savings into a guaranteed monthly “pension” that qualifies you for retirement or residency visas - without waiting until 65.
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A Pension Without the Wait
Many Canadians dream of retiring abroad - Panama, Portugal, Costa Rica, and other destinations now offer retirement visas with income requirements.
But if you’re planning to retire early, you might not yet qualify through CPP or OAS.That’s where a payout annuity comes in.
It converts a lump sum of your savings into guaranteed monthly income that’s recognized as a pension by most foreign consulates.
For example, Panama’s Pensionado Visa requires a minimum US $1,000/month in lifetime pension or annuity income.With the right strategy, you can start your new chapter sooner - with income stability and visa eligibility built in.
Freedom to Retire Where You Belong
Whether you’re retiring early, planning with a partner, or optimizing CPP/OAS timing, payout annuities give you the flexibility to design your life abroad without financial stress.
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Qualify Before 65
Turn your RRSP, LIRA, or savings into a recognized monthly pension. Helping you meet income requirements for retirement visas years before CPP or OAS eligibility.
Guaranteed Income Governments Accept
Your annuity contract provides the formal documentation needed by most visa authorities, showing stable, lifetime income backed by a Canadian insurer.
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Bridge CPP & OAS for a Stronger Future
Avoid taking reduced benefits early. Bridge the gap with an annuity now, then activate CPP and OAS later for a stronger long-term income position.
Tailored for Couples & Destinations
We structure your plan around both partners, preferred currencies, and visa requirements, so your retirement income plan fits wherever you choose to call home.
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Income Protection
When you buy a payout annuity, Assuris protection ensures your income is secure - even if your insurance company ever fails. You’re automatically covered for at least 90% of your promised payments (or up to $5,000 per month, whichever is higher). It’s an extra layer of peace of mind, protecting your guaranteed income for life.
Why Canadians Choose Custom Group Services
We compare top insurers to find your best lifetime income.
8+ years helping Canadians simplify retirement income.
We align your annuity with CPP, OAS, and taxes.
Your contract includes all proof for residency approval.
Our Partners
Areas & Programs List
When considering moving abroad, it’s important to know that every country has its own financial or income requirements for newcomers. Including specific rules for those receiving income through payout annuities.
Some countries may require proof of steady income or minimum annual earnings to qualify for residency or visas, while others may have tax or reporting programs tied to annuity payouts. Understanding these regulations ensures your annuity income supports both your move and your eligibility to live comfortably in your new country.
Argentina
Argentina Pensionado Visa
Income Required: $500 USD/month
Barbados
SEP
Income Required: Varied
Belize
Qualified Retirement Program (QRP)
Income Required: $2,000 USD/month
Bulgaria
Retirement D visa
Income Required: $2,000 USD/month
Chile
Temporary Resident Visa
Income Required: $1,000 USD/month
Colombia
Special Temporary Pensioners Visa
Income Required: $900 USD/month
Costa Rica
Costa Rica Pensionado Visa
Income Required: $1,000 USD/month
Cyprus
Cyprus Permanent Residence Program
Income Required: $4,200 USD/month
Dubai
Dubai Retirement Visa
Income Required: $5,500 USD/month
Ecuador
Temporary Residence Visa – Retired (Jubilando)
Income Required: $1,500 USD/month
Fiji
Assured Income Residence Permit
Income Required: $2,000 USD/month
France
Type-D visa (Carte de Sejour) or VLS-TS
Income Required: $1,800 USD/month
Greece
Greece Financially Independent Person Visa
Income Required: $3,500 USD/month
Indonesia
Retirement KITAS
Income Required: $3,000 USD/month
Ireland
Ireland Stamp 0 & D Reside
Income Required: $4,200 USD/month
Italy
Italy Elective Residence Visa
Income Required: $2,700 USD/month
Latvia
Sufficient Means Visa
Income Required: $800 USD/month
Malaysia
Malaysia My 2nd Home (MM2H)
Income Required: Varied
Malta
MPR or MPRP
Income Required: Varied
Mauritius
Mauritius Retired Non-Citizen Residency
Income Required: $1,500 USD/month
Mexico
Mexico Retirement Visa
Income Required: $4,350 USD/month
New Zealand
New Zealand Temporary Retirement Visitor Visa
Income Required: $5,000 USD/month
Nicaragua
Nicaragua Pensionado Visa
Income Required: $600 USD/month
Panama
Panama Pensionado Visa
Income Required: $1,000 USD/month
Philippines
Special Resident Retiree’s Visa (SRRV)
Income Required: $1,000 USD/month
Portugal
Portugal D7 Passive Income Visa
Income Required: $850 USD/month
South Africa
ZAR Retirement Visa
Income Required: $2,000 USD/month
Spain
Spain Non-Lucrative Visa
Income Required: $2,400 USD/month
Thailand
Non-Immigrant O-A or O-X Visa
Income Required: $2,000 USD/month
Uruguay
Uruguay Retirement Visa
Income Required: $1,500 USD/month
Vanuatu
Self-funded Resident Visa
Income Required: $2,000 USD/month
It’s Time to Live the Life You’ve Worked For
Don’t wait for CPP or OAS to make your move.
Transform part of your savings into lifetime income that qualifies you for your dream residency - while protecting your future stability.
Book a consultation and we'll give you a clear understanding of how Payout Annuities work and the best options for you.
No pressure - we're here to help.
What Our Clients Say
I looked into getting a life annuity so that if I choose, I could apply for a tourist visa that would enable me to spend extended winter vacations in foreign countries. I also realized that buying a life annuity using a portion of my RRSP, would give me an additional source of revenue during retirement with added investment diversification. I knew Michael Bryce through a couple of volunteer organizations we both belong to. Michael was great outlining the various options I have including a 15 year payment guarantee in addition to the life time payment of a monthly life annuity. After having now gone through the process, working with Michael and the staff was seamless, including the monthly deposits on the date each month that I selected. I would seriously consider you contact Michael, to get some more information and discuss the specifics of a life annuity that best suits your personal needs. Michael is zero pressure and great to work with.
Dave Brown
Frequently Asked Questions
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It’s a financial product that turns a lump sum into guaranteed monthly income for life. Similar to a personal pension.
Many countries require proof of guaranteed income from a pension or annuity. A payout annuity meets that requirement with verifiable, stable income.
Programs in Panama, Costa Rica, Portugal, Belize, and several others accept private annuity income as proof of funds.
No. That’s the key advantage. Annuity income can start at any age, allowing early retirees to meet visa requirements years in advance.
Payments are made monthly in Canadian dollars. We’ll help you plan for conversion or direct-deposit options depending on your destination.
We can structure joint-life or guaranteed-term options so your spouse or estate continues to receive payments.
Get In Touch With Us
Ready to see what your options are? Book a consultation and we'll give you a clear understanding of how Payout Annuities work and the best options for you.
NOTE: Custom Group Services provides financial planning and annuity placement services. We do not provide legal or immigration advice. Visa and residency requirements vary by country and may change without notice - always confirm details with your immigration professional or the appropriate consulate.
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