| Annuities: Single life male, 10 year guarantee | |||||||
|---|---|---|---|---|---|---|---|
| Financial Institution | Age in Years | ||||||
| 55 | 60 | 65 | 69 | 70 | 75 | 80 | |
| BMO Insurance | 372.42 | 412.98 | 467.61 | 527.36 | 543.71 | 593.11 | 685.85 |
| Canada Life | 364.11 | 395.72 | 444.56 | 496.01 | 515.62 | 590.96 | 678.39 |
| Desjardins Fin. Security | 373.56 | 414.37 | 468.49 | 524.46 | 540.47 | 620.77 | 723.32 |
| Empire Life | 337.40 | 377.92 | 429.84 | 481.37 | 495.94 | 580.59 | 687.24 |
| Equitable Life | 376.90 | 418.53 | 472.50 | 526.49 | 541.43 | 604.20 | 680.41 |
| RBC Life Insurance | 363.92 | 412.67 | 467.96 | 526.75 | 543.78 | 619.17 | 722.98 |
| Sun Life Assurance Co | 346.05 | 394.28 | 465.25 | 523.75 | 540.63 | 616.38 | 703.42 |
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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. |