| Annuities: Joint life, no guarantee | |||||||
|---|---|---|---|---|---|---|---|
| Financial Institution | Age in Years | ||||||
| 55 | 60 | 65 | 69 | 70 | 75 | 80 | |
| BMO Insurance | 322.17 | 351.36 | 383.35 | 431.56 | 445.73 | 485.80 | 606.23 |
| Canada Life | 309.84 | 342.52 | 375.83 | 412.06 | 421.61 | 491.20 | 593.29 |
| Desjardins Fin. Security | 324.07 | 353.96 | 394.33 | 437.65 | 450.49 | 519.24 | 635.73 |
| Empire Life | 290.95 | 318.72 | 356.01 | 395.72 | 407.42 | 480.70 | - |
| RBC Life Insurance | 318.42 | 346.25 | 382.34 | 420.97 | 432.61 | 508.60 | 629.29 |
| Sun Life Assurance Co | 296.55 | 331.84 | 388.13 | 429.46 | 444.44 | 515.56 | 630.56 |
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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. |