| Annuities: Single life male, no guarantee | |||||||
|---|---|---|---|---|---|---|---|
| Financial Institution | Age in Years | ||||||
| 55 | 60 | 65 | 69 | 70 | 75 | 80 | |
| BMO Insurance | 376.98 | 421.38 | 485.18 | 560.84 | 583.04 | 674.24 | 866.56 |
| Canada Life | 367.25 | 404.33 | 454.45 | 514.27 | 537.41 | 645.90 | 814.12 |
| Desjardins Fin. Security | 376.25 | 419.11 | 477.39 | 540.99 | 559.97 | 666.84 | 816.99 |
| Empire Life | 339.89 | 383.19 | 441.69 | 503.30 | 521.05 | 627.23 | - |
| RBC Life Insurance | 362.98 | 401.29 | 455.23 | 517.41 | 536.17 | 661.16 | 862.39 |
| Sun Life Assurance Co | 348.41 | 399.28 | 477.06 | 546.17 | 567.22 | 679.68 | 857.13 |
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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 January 23, 2021 at 00:07:45 ET. This information is current as of the date and time posted and is subject to change without notice. © Copyright 2021 CANNEX Financial Exchanges Limited. All rights reserved. |