| Annuities: Single life male, 10 year guarantee | |||||||
|---|---|---|---|---|---|---|---|
| Financial Institution | Age in Years | ||||||
| 55 | 60 | 65 | 69 | 70 | 75 | 80 | |
| BMO Insurance | 410.29 | 450.10 | 509.22 | 564.05 | 579.22 | 626.64 | 717.81 |
| Canada Life | 400.66 | 434.29 | 475.43 | 529.09 | 551.69 | 634.04 | 724.53 |
| Desjardins Fin. Security | 406.70 | 446.55 | 499.62 | 554.66 | 570.41 | 651.45 | 752.62 |
| Empire Life | 376.91 | 416.87 | 468.13 | 518.98 | 533.36 | 617.01 | 722.45 |
| Equitable Life | 410.95 | 451.24 | 506.36 | 560.26 | 575.12 | 628.33 | 687.98 |
| RBC Life Insurance | 385.68 | 444.34 | 508.80 | 563.83 | 579.70 | 637.39 | 750.32 |
| Sun Life Assurance Co | 384.06 | 424.24 | 481.11 | 535.11 | 550.32 | 642.35 | 732.87 |
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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. |