| Annuities: Joint life, 10 year guarantee | |||||||
|---|---|---|---|---|---|---|---|
| Financial Institution | Age in Years | ||||||
| 55 | 60 | 65 | 69 | 70 | 75 | 80 | |
| BMO Insurance | 359.64 | 387.74 | 423.29 | 465.84 | 478.38 | 511.36 | 610.63 |
| Canada Life | 339.21 | 371.13 | 409.57 | 447.47 | 450.32 | 525.48 | 617.54 |
| Desjardins Fin. Security | 357.26 | 386.08 | 425.25 | 467.33 | 479.77 | 547.14 | 651.59 |
| Empire Life | 329.96 | 356.91 | 393.27 | 431.94 | 443.31 | 513.81 | 615.14 |
| Equitable Life | 360.29 | 388.73 | 424.45 | 465.39 | 477.27 | 520.14 | 587.64 |
| RBC Life Insurance | 344.34 | 383.63 | 429.07 | 470.60 | 483.00 | 540.93 | 636.36 |
| Sun Life Assurance Co | 336.03 | 365.67 | 406.56 | 449.03 | 461.02 | 531.46 | 623.43 |
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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. |