| Annuities: Single life female, no guarantee | |||||||
|---|---|---|---|---|---|---|---|
| Financial Institution | Age in Years | ||||||
| 55 | 60 | 65 | 69 | 70 | 75 | 80 | |
| BMO Insurance | 354.19 | 392.52 | 436.73 | 499.01 | 517.59 | 583.25 | 750.13 |
| Canada Life | 343.57 | 373.19 | 411.87 | 459.83 | 474.85 | 562.40 | 677.68 |
| Desjardins Fin. Security | 352.43 | 389.67 | 439.56 | 492.70 | 508.38 | 594.37 | 726.75 |
| Empire Life | 316.18 | 351.39 | 399.11 | 450.60 | 465.90 | 562.61 | - |
| RBC Life Insurance | 342.39 | 377.08 | 424.07 | 474.83 | 490.08 | 590.78 | 751.37 |
| Sun Life Assurance Co | 332.53 | 375.03 | 436.54 | 498.41 | 517.01 | 619.62 | 774.32 |
|
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 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. |