| Annuities: Single life female, no guarantee | |||||||
|---|---|---|---|---|---|---|---|
| Financial Institution | Age in Years | ||||||
| 55 | 60 | 65 | 69 | 70 | 75 | 80 | |
| BMO Insurance | 384.23 | 422.15 | 465.90 | 523.97 | 541.52 | 598.97 | 766.41 |
| Canada Life | 370.11 | 408.98 | 453.18 | 500.33 | 511.97 | 601.86 | 722.56 |
| Desjardins Fin. Security | 386.09 | 422.54 | 471.64 | 524.17 | 539.69 | 627.11 | 758.14 |
| Empire Life | 355.85 | 390.67 | 438.14 | 489.53 | 504.81 | 601.53 | - |
| RBC Life Insurance | 365.48 | 398.51 | 444.81 | 494.60 | 509.57 | 608.93 | 767.93 |
| Sun Life Assurance Co | 366.72 | 404.39 | 457.36 | 513.94 | 530.81 | 629.17 | 791.22 |
|
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. |
|
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. |