September 2013 Annuity Rates

Current annuity rates for September 2013.

By Ivon T Hughes
september 2013 male annuity rates
Figure 1. September 2013 Male Annuity Rates

Best Canadian annuity rates as of September 2013.

A life annuity provides you with income payments for as long as you live. Your income payments are guaranteed by the insurance company you choose regardless of the ongoing economic conditions.

Male Annuity Rates (registered)

Company 60 65 69 70 75 80
BMO Ins. 495.19 560.31 626.10 645.80 761.60 900.55
Canada Life 548.45 610.62 686.67 708.68 n/a n/a
Desjardins 518.63 590.71 666.15 687.92 807.15 934.12
Empire Life 513.07 593.16 673.44 696.70 831.73 n/a
London Life 548.45 610.62 686.67 708.68 n/a n/a
Manulife 507.42 578.41 645.39 669.39 799.68 1,010.71
Standard Life 512.97 580.86 653.89 675.31 746.00 900.19
Sun Life 518.82 588.14 660.03 681.06 810.92 999.74

Female Annuity Rates (registered)

Company 60 65 69 70 75 80
BMO Ins. 455.79 507.30 558.60 574.17 668.82 796.25
Canada Life 499.68 540.99 594.67 610.59 n/a n/a
Desjardins 467.13 523.95 584.67 602.71 704.47 837.22
Empire Life 468.10 528.53 590.79 609.25 721.66 n/a
London Life 499.68 540.99 594.67 610.59 n/a n/a
Manulife 474.16 531.30 585.32 604.87 711.77 880.41
Standard Life 479.33 534.70 595.17 613.44 691.00 844.19
Sun Life 481.94 539.65 598.47 615.65 722.55 881.20

Joint Annuity Rates (registered)

Company 60 65 69 70 75 80
BMO Ins. 412.97 452.90 492.58 504.75 581.40 680.68
Canada Life 450.96 492.65 528.54 540.01 n/a n/a
Desjardins 424.09 468.63 516.06 530.00 605.32 720.69
Empire Life 420.57 463.61 508.18 521.47 602.99 n/a
London Life 450.96 492.65 528.54 540.01 n/a n/a
Manulife 419.04 462.25 499.30 514.16 588.78 709.14
Standard Life 432.62 473.56 517.94 531.17 580.94 684.19
Sun Life 435.86 480.91 525.74 538.84 615.64 727.90

The monthly annuity rates are based on a premium of $100,000 of registered funds. Payments will commence in one month, with a no guarantee option.

About The Annuity Rates.

The latest tables of Canadian annuity rates shows us two important points when shopping for a life annuity, whether a registered or a non registered annuity.

  • The first point is the necessity of having an annuity broker, not a life insurance broker, who can conveys all the companies to make sure you get the highest possible income.
  • The second thing you should realize, is not to take the tables you see online , as anything more than general guidelines. Annuity rates change constantly and the company that gives you the highest payout today, can drop to the bottom of the list tomorrow. For example, Canada Life for a male aged 70 shows a $708.68 annuity payment, but is 3rd on the list for a female.
Ivon T Hughes

About the Author

Ivon T. Hughes

Ivon T Hughes is a leading expert in life annuities in Canada. His website LifeAnnuities.com is a recognized authority on annuities. He's also an established insurance and investment broker, through The Hughes Trustco Group since 1972. Recently, he's been redefining how annuities are sold in Canada.

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