Joint Annuity Rates Age 70

Annuity Details

Annuity rates as of August 2024

The monthly annuity incomes below are based on a male and female aged 70 with a deposit of $100,000.00. Annuity payments will commence in one month.

For personal annuity rates please use our Annuity Quote Form.

No Guarantee Period

Insurance Company	Monthly Income $ Registered Funds Age 70
BMO Insurance	530.76
Canada Life	511.18
Desjardins Fin.	541.04
Empire Life	506.67
Equitable Life	n/a
Manulife	531.52
RBC Insurance	506.64
Sun Life	510.55

10 Year Guarantee

Insurance Company	Monthly Income $ Registered Funds Age 70
BMO Insurance	543.29
Canada Life	510.19
Desjardins Fin.	540.08
Empire Life	505.42
Equitable Life	531.32
Manulife	504.94
RBC Insurance	551.87
Sun Life	508.93

About the guarantee period:

• A life annuity with a no guarantee period is payable for the annuitants lifetime and stops upon death.
• A life annuity with a guarantee period option is payable for the annuitant's lifetime or for the guarantee period, whichever is longer. If the annuitant dies before the completion of the guaranteed annuity payments, payment may continue to the beneficiaries or the current value of the remaining guaranteed payments will be paid to the appointed beneficiary.

TIP: Annuities can be purchased with either:

• Registered Funds (RRSP, RRIF, RPP, LIRA, LIF/LRIF, etc.)
• Non-Registered Funds (Savings Accounts, GIC, TFSA, etc)