| Annuities: Single life male, no guarantee | |||||||
|---|---|---|---|---|---|---|---|
| Financial Institution | Age in Years | ||||||
| 55 | 60 | 65 | 69 | 70 | 75 | 80 | |
| BMO Insurance | 407.19 | 445.82 | 506.93 | 572.65 | 592.40 | 686.97 | 878.05 |
| Canada Life | 404.25 | 440.35 | 486.17 | 548.74 | 575.20 | 692.79 | 866.97 |
| Desjardins Fin. Security | 409.72 | 451.75 | 509.20 | 572.13 | 590.94 | 699.21 | 847.48 |
| Empire Life | 379.81 | 422.85 | 481.22 | 542.77 | 560.49 | 666.23 | - |
| RBC Life Insurance | 384.92 | 422.13 | 475.00 | 536.02 | 554.44 | 677.78 | 876.94 |
| Sun Life Assurance Co | 386.75 | 429.67 | 493.19 | 557.59 | 576.84 | 707.36 | 890.56 |
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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 22, 2022 at 00:04:54 ET. This information is current as of the date and time posted and is subject to change without notice. © Copyright 2022 CANNEX Financial Exchanges Limited. All rights reserved. |