| Annuities: Joint life, no guarantee | |||||||
|---|---|---|---|---|---|---|---|
| Financial Institution | Age in Years | ||||||
| 55 | 60 | 65 | 69 | 70 | 75 | 80 | |
| BMO Insurance | 351.53 | 380.00 | 411.13 | 455.06 | 468.19 | 500.12 | 620.72 |
| Canada Life | 339.24 | 371.22 | 409.84 | 448.17 | 451.19 | 528.83 | 632.71 |
| Desjardins Fin. Security | 357.30 | 386.17 | 425.51 | 468.01 | 480.64 | 550.41 | 665.87 |
| Empire Life | 329.99 | 357.01 | 393.62 | 432.85 | 444.43 | 517.20 | - |
| RBC Life Insurance | 342.79 | 368.89 | 402.80 | 440.60 | 451.96 | 526.43 | 644.92 |
| Sun Life Assurance Co | 336.07 | 365.80 | 407.00 | 450.20 | 462.55 | 537.67 | 649.12 |
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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. |