| Annuities: Joint life, 10 year guarantee | |||||||
|---|---|---|---|---|---|---|---|
| Financial Institution | Age in Years | ||||||
| 55 | 60 | 65 | 69 | 70 | 75 | 80 | |
| BMO Insurance | 322.09 | 351.15 | 382.70 | 429.82 | 443.49 | 478.31 | 578.27 |
| Canada Life | 309.81 | 342.44 | 375.58 | 411.43 | 420.79 | 488.06 | 578.78 |
| Desjardins Fin. Security | 324.04 | 353.88 | 394.09 | 437.02 | 449.67 | 516.10 | 621.71 |
| Empire Life | 290.93 | 318.64 | 355.70 | 394.90 | 406.39 | 477.51 | 579.55 |
| Equitable Life | 324.58 | 354.02 | 391.06 | 431.67 | 443.60 | 498.67 | 576.73 |
| RBC Life Insurance | 320.21 | 351.85 | 390.84 | 432.41 | 445.23 | 515.14 | 615.28 |
| Sun Life Assurance Co | 296.52 | 331.73 | 387.71 | 428.32 | 442.95 | 509.49 | 605.16 |
|
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 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. |