Male Annuity Rates Age 55

Annuity Details

Annuity rates as of August 2024

The monthly annuity incomes below are based on a male aged 55 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 55
BMO Insurance	483.03
Canada Life	464.57
Desjardins Fin.	474.32
Empire Life	448.95
Equitable Life	n/a
Manulife	474.48
RBC Insurance	446.13
Sun Life	454.16

10 Year Guarantee

Insurance Company	Monthly Income $ Registered Funds Age 55
BMO Insurance	481.63
Canada Life	460.23
Desjardins Fin.	470.67
Empire Life	445.35
Equitable Life	481.87
Manulife	469.53
RBC Insurance	446.53
Sun Life	450.96

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)