Male Annuity Rates Age 60

Annuity Details

Annuity rates as of August 2024

The monthly annuity incomes below are based on a male aged 60 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 60
BMO Insurance	523.19
Canada Life	502.33
Desjardins Fin.	514.42
Empire Life	490.31
Equitable Life	n/a
Manulife	518.12
RBC Insurance	486.17
Sun Life	492.32

10 Year Guarantee

Insurance Company	Monthly Income $ Registered Funds Age 60
BMO Insurance	525.26
Canada Life	495.12
Desjardins Fin.	508.34
Empire Life	483.18
Equitable Life	522.49
Manulife	508.59
RBC Insurance	516.89
Sun Life	486.09

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)