| Annuities: Single life male, no guarantee | |||||||
|---|---|---|---|---|---|---|---|
| Financial Institution | Age in Years | ||||||
| 55 | 60 | 65 | 69 | 70 | 75 | 80 | |
| BMO Insurance | 504.43 | 543.60 | 598.82 | 659.61 | 678.17 | 778.59 | 952.39 |
| Canada Life | 481.75 | 520.09 | 574.27 | 639.43 | 655.96 | 780.69 | 978.70 |
| Desjardins Fin. Security | 504.95 | 544.45 | 599.34 | 660.26 | 678.58 | 791.72 | 934.43 |
| Empire Life | 473.71 | 514.92 | 571.72 | 632.06 | 649.44 | 752.91 | - |
| Manulife Investments | 494.76 | 540.32 | 595.41 | 646.95 | 670.49 | 781.37 | 988.74 |
| RBC Life Insurance | 463.60 | 502.20 | 555.87 | 616.65 | 635.14 | 756.58 | 951.27 |
| Sun Life Assurance Co | 489.93 | 528.38 | 583.11 | 647.48 | 666.90 | - | - |
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Monthly incomes based on a premium of $100,000 of registered funds. Payments will commence in one month.
Annuities are investments that pay an income on a periodic (monthly, quarterly, semi-annual or annual) basis. Annuities can be purchased with registered funds from individual RRSPs, locked-in RRSPs, pension plans or deferred profit sharing plans (DPSP). Annuities can also be purchased with non-registered funds. There are generally two types of annuities. Term certain annuities pay a periodic income for a specific predetermined period of time or number of payments. Life annuities pay a periodic income for as long as the annuitant or joint annuitants live. |
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Prepared by CANNEX on April 25, 2024 at 06:00:23 ET. This information is current as of the date and time posted and is subject to change without notice. © Copyright 2024 CANNEX Financial Exchanges Limited. All rights reserved. |