Current Lifetime Annuity Rates

Lifetime Annuities as of January 2014

By Ivon T Hughes
lifetime annuity
Figure 1. Lifetime Annuity

Monthly income based on a premium of $100,000.00 of funds. Payments will commence in one month.

Lifetime Annuities as of January 21, 2014.

male Male Lifetime Annuity Rates

Lifetime Annuities: Single life male with no guarantee option
Company Age
55 60 65 70 75
BMO Insurance 448.78 495.19 560.31 645.80 761.60
Canada Life 489.61 536.56 595.88 694.18 -
Desjardins Fin. 456.59 509.08 580.78 677.40 795.84
Empire Life 462.12 516.71 596.76 700.24 835.20
Great-West 489.61 536.56 595.88 694.18 -
Manulife 439.60 486.75 551.92 642.80 773.88
Standard Life 449.95 497.89 565.18 658.87 729.30
Sun Life 468.71 524.62 599.29 695.52 825.75

female Female Lifetime Annuity Rates

Lifetime Annuities: Single life female with no guarantee option
Company Age
55 60 65 70 75
BMO Insurance 418.92 455.79 507.30 574.17 668.82
Canada Life 448.33 496.10 537.02 607.50 -
Desjardins Fin. 416.36 458.08 514.72 593.15 694.35
Empire Life 430.91 471.84 532.30 613.04 725.45
Great-West 448.33 496.10 537.02 607.50 -
Manulife 414.95 453.38 507.13 578.54 678.01
Standard Life 425.29 465.19 520.20 598.44 675.54
Sun Life 435.10 485.78 549.55 630.22 739.13

malefemale Joint Lifetime Annuity Rates

Lifetime Annuities: Joint life with no guarantee option
Company Age
55 60 65 70 75
BMO Insurance 384.91 412.97 452.90 504.75 581.40
Canada Life 395.79 466.68 501.83 561.15 -
Desjardins Fin. 382.69 415.41 459.91 521.10 596.12
Empire Life 395.61 424.22 467.27 525.11 606.59
Great-West Life 395.79 466.68 501.83 561.15 -
Manulife 375.85 405.24 444.17 496.45 568.59
Standard Life 389.54 419.13 459.89 517.29 566.97
Sun Life 397.94 436.29 488.19 552.09 632.36

About The Lifetime Annuity Rates

The lifetime annuity rates table applies generally across the board to give you an idea of what the income may be.

But on the other hand, we need to use an annuity calculator to zoom in on your particular situation to see which company has the best annuity rates to give you the highest lifetime annuity income.

The lifetime annuity payout you receive is based on what you want for your situation. Perhaps you need a lifetime annuity income for yourself and your partner. But you also want higher income until one of you dies. And those results are obtained by splitting your capital between a joint and a single lifetime annuity. The joint lifetime annuity expires on the 2nd death and could have no guarantee option while the single annuity income could be a limited lifetime annuity such as a term certain annuity.

And the variation of these lifetime incomes is brought home to us everytime we receive the annuity payouts for any particular client.

Let's talk about getting ready for retirement. Call toll free 1.877.842.3863

Ivon T Hughes
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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Ivon T. Hughes - Annuity Broker

The Hughes Trustco Group | Website: LifeAnnuities.com | Email: info@trustco.ca | Toll Free: 877-842-3863