| Annuities: Joint life, 10 year guarantee | |||||||
|---|---|---|---|---|---|---|---|
| Financial Institution | Age in Years | ||||||
| 55 | 60 | 65 | 69 | 70 | 75 | 80 | |
| BMO Insurance | 446.69 | 470.98 | 506.02 | 544.97 | 556.64 | 591.22 | 688.07 |
| Canada Life | 430.91 | 454.05 | 486.98 | 526.37 | 534.10 | 603.36 | 701.74 |
| Desjardins Fin. Security | 450.21 | 475.90 | 511.85 | 551.29 | 563.05 | 633.88 | 734.52 |
| Empire Life | 423.58 | 447.66 | 481.12 | 517.47 | 528.26 | 595.94 | 694.35 |
| Equitable | 449.66 | 474.76 | 510.36 | 549.04 | 560.33 | 622.99 | 702.41 |
| Manulife Investments | 428.12 | 456.31 | 485.98 | 513.28 | 527.02 | 618.46 | 747.00 |
| RBC Life Insurance | 418.37 | 456.94 | 511.81 | 551.44 | 563.22 | 615.55 | 706.53 |
| Sun Life Assurance Co | 437.69 | 460.37 | 492.80 | 532.95 | 544.65 | - | - |
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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 April 22, 2024 at 12:00:14 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. |