| Annuities: Single life female, 10 year guarantee | |||||||
|---|---|---|---|---|---|---|---|
| Financial Institution | Age in Years | ||||||
| 55 | 60 | 65 | 69 | 70 | 75 | 80 | |
| BMO Insurance | 390.15 | 425.68 | 469.98 | 520.28 | 534.79 | 575.59 | 675.53 |
| Canada Life | 368.82 | 406.45 | 448.13 | 488.16 | 501.57 | 578.50 | 662.77 |
| Desjardins Fin. Security | 384.64 | 419.72 | 465.90 | 513.74 | 527.57 | 600.23 | 702.09 |
| Empire Life | 354.68 | 388.21 | 432.77 | 479.36 | 492.90 | 574.26 | 679.02 |
| Equitable Life | 390.31 | 426.10 | 470.76 | 519.09 | 532.92 | 584.34 | 658.49 |
| RBC Life Insurance | 366.49 | 424.10 | 469.04 | 520.03 | 534.72 | 583.54 | 692.28 |
| Sun Life Assurance Co | 364.81 | 400.50 | 449.16 | 498.92 | 513.10 | 586.63 | 681.62 |
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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. |