Annuities: Joint life, no guarantee | |||||||
---|---|---|---|---|---|---|---|
Financial Institution | Age in Years | ||||||
55 | 60 | 65 | 69 | 70 | 75 | 80 | |
BMO Insurance | 426.74 | 452.45 | 486.53 | 523.10 | 534.47 | 564.62 | 668.41 |
Canada Life | 420.67 | 444.27 | 478.19 | 518.60 | 527.36 | 600.20 | 712.92 |
Desjardins Fin. Security | 442.08 | 468.00 | 504.33 | 544.39 | 556.41 | 630.07 | 742.38 |
Empire Life | 417.76 | 442.11 | 476.07 | 513.21 | 524.28 | 594.61 | - |
Manulife Investments | 412.20 | 437.54 | 466.45 | 497.76 | 512.09 | 581.78 | 645.11 |
RBC Life Insurance | 409.60 | 434.64 | 469.12 | 507.08 | 518.43 | 591.73 | 707.81 |
Sun Life Assurance Co | 423.79 | 446.90 | 480.23 | 521.65 | 533.86 | 609.08 | 722.77 |
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 March 28, 2024 at 00:06:24 ET. This information is current as of the date and time posted and is subject to change without notice. © Copyright 2024 CANNEX Financial Exchanges Limited. All rights reserved. |