2016 Best Annuity Rates in Canada

Annuity rates as of January 04, 2016.

By Ivon T Hughes
2016 annuity rates
Figure 1. Annuity Rates 2016

2016 Best Annuity Rates in Canada

male Single Life: Male

female Single Life Female

malefemale Joint Life

Annuity rates as of January 04, 2016.

The following monthly annuity rates are based on a premium of $100,000.00 of registered funds. Payments will commence in one month.

male Single Life: Male with no guarantee option

Company Age 55 Age 60 Age 65 Age 69 Age 70 Age 75 Age 80
BMO Insurance 404.90 454.94 526.91 604.45 627.49 773.38 1,003.88
Canada Life 399.77 440.92 511.04 573.43 601.99 - -
Desjardins Fin. 395.70 448.44 519.87 594.32 615.78 725.34 855.97
Empire Life 403.32 448.10 508.98 573.11 591.49 700.08 -
Great-West Life 399.77 440.92 511.04 573.43 601.99 - -
Manulife 404.20 442.05 499.52 561.74 585.09 711.82 934.55
RBC Insurance 398.06 446.43 520.48 600.09 622.56 771.05 987.93
Standard Life 393.96 440.72 505.68 574.87 595.06 725.31 895.17
Sun Life Assurance 376.58 432.87 517.21 591.58 613.99 731.87 912.98

male Single Life: Male with a 10 year guarantee option

Company Age 55 Age 60 Age 65 Age 69 Age 70 Age 75 Age 80
BMO Insurance 399.72 445.15 506.51 568.06 585.38 676.22 761.60
Canada Life 395.95 433.66 495.53 545.43 568.56 - -
Desjardins Fin. 391.33 440.17 502.25 561.39 577.33 644.85 728.16
Empire Life 399.69 440.60 492.74 543.95 558.35 641.40 744.37
Equitable Life 407.05 448.33 512.95 570.10 585.77 649.01 707.33
Great-West Life 395.95 433.66 495.53 545.43 568.56 - -
Manulife 402.42 433.41 482.86 534.10 552.16 638.35 726.31
RBC Insurance 395.88 439.30 503.37 564.19 580.57 672.51 759.59
Standard Life 389.77 432.94 489.21 543.97 558.89 643.06 722.25
Sun Life Assurance 373.52 426.47 502.19 563.11 580.34 655.20 737.50

male Single Life: Male with 20 year guarantee option

Company Age 55 Age 60 Age 65 Age 69 Age 70 Age 75 Age 80
BMO Insurance 383.62 415.82 450.80 474.67 479.62 - -
Canada Life 383.31 409.97 448.68 471.91 483.65 - -
Desjardins Fin. 373.31 406.26 438.85 460.99 465.66 - -
Empire Life 387.45 417.34 451.24 478.29 484.54 - -
Equitable Life 391.89 420.69 461.07 487.09 493.03 - -
Great-West Life 383.31 409.97 448.68 471.91 483.65 - -
Manulife 391.14 418.14 452.45 477.97 482.91 - -
RBC Insurance 374.75 411.43 445.02 470.52 475.94 - -
Standard Life 375.87 406.41 437.96 460.33 465.20 - -
Sun Life Assurance 364.41 407.86 462.87 494.53 502.07 - -

female Single Life: Female with no guarantee option

Company Age 55 Age 60 Age 65 Age 69 Age 70 Age 75 Age 80
BMO Insurance 374.12 413.92 470.32 530.69 548.80 657.79 828.32
Canada Life 380.19 414.99 464.18 518.05 541.96 - -
Desjardins Fin. 356.31 398.63 455.59 516.04 533.93 626.96 761.10
Empire Life 375.78 410.83 458.97 511.42 527.06 626.24 -
Great-West Life 380.19 414.99 464.18 518.05 541.96 - -
Manulife 383.31 413.92 459.91 505.39 523.68 622.84 775.95
RBC Insurance 356.00 401.51 457.40 520.79 539.33 653.49 827.00
Standard Life 375.23 412.65 463.52 518.13 534.44 637.64 789.27
Sun Life Assurance 350.73 395.78 459.73 523.03 541.89 644.09 794.05

female Single Life: Female with a 10 year guarantee option

Company Age 55 Age 60 Age 65 Age 69 Age 70 Age 75 Age 80
BMO Insurance 371.55 408.93 459.94 512.06 527.14 609.69 703.05
Canada Life 378.22 411.24 456.62 504.33 525.52 - -
Desjardins Fin. 354.48 394.95 447.89 501.62 516.85 586.47 683.56
Empire Life 374.35 407.88 452.64 499.53 513.17 594.79 698.57
Equitable Life 381.73 418.05 463.64 515.88 530.80 599.56 675.40
Great-West Life 378.22 411.24 456.62 504.33 525.52 - -
Manulife 383.52 409.49 450.52 490.99 506.33 578.96 672.01
RBC Insurance 353.16 396.15 450.05 503.31 518.25 604.72 699.87
Standard Life 372.85 408.11 454.37 501.47 514.86 591.33 677.63
Sun Life Assurance 348.99 392.14 451.69 507.85 523.88 600.52 685.84

female Single Life: Female with a 20 year guarantee option

Company Age 55 Age 60 Age 65 Age 69 Age 70 Age 75 Age 80
BMO Insurance 362.61 392.16 427.62 455.98 462.56 - -
Canada Life 371.49 398.55 434.29 458.10 474.42 - -
Desjardins Fin. 346.09 378.58 414.71 443.11 449.65 - -
Empire Life 369.06 397.37 431.56 461.35 468.69 - -
Equitable Life 373.70 402.85 433.72 463.58 470.75 - -
Great-West Life 371.49 398.55 434.29 458.10 474.42 - -
Manulife 374.76 399.62 428.45 457.11 463.64 - -
RBC Insurance 345.70 381.39 417.22 448.19 455.22 - -
Standard Life 364.44 392.25 423.28 447.82 453.53 - -
Sun Life Assurance 343.14 380.37 426.96 462.81 471.58 - -

malefemale Joint Life: with no guarantee option

Company Age 55 Age 60 Age 65 Age 69 Age 70 Age 75 Age 80
BMO Insurance 340.60 371.45 415.60 463.11 477.32 562.63 691.11
Canada Life 336.76 363.66 414.49 449.58 472.32 - -
Desjardins Fin. 324.07 357.93 403.34 451.15 465.13 533.56 648.58
Empire Life 349.17 376.06 412.86 452.56 464.31 538.37 -
Great-West Life 336.76 363.66 414.49 449.58 472.32 - -
Manulife 341.37 362.58 394.80 428.75 443.17 512.85 630.00
RBC Insurance 327.08 360.02 405.15 451.02 463.11 544.05 664.47
Standard Life 339.07 367.87 407.00 448.72 461.02 539.21 648.05
Sun Life Assurance 315.05 353.86 414.04 457.64 473.26 546.11 660.74

malefemale Joint Life: with 10 year guarantee option

Company Age 55 Age 60 Age 65 Age 69 Age 70 Age 75 Age 80
BMO Insurance 340.51 371.19 414.78 461.10 474.80 553.50 652.71
Canada Life 336.71 363.51 413.99 448.30 470.62 - -
Desjardins Fin. 324.01 357.75 402.75 449.55 463.07 526.19 624.40
Empire Life 349.13 375.93 412.39 451.37 462.85 534.05 635.79
Equitable Life 349.90 378.55 424.31 468.55 481.41 536.88 606.32
Great-West Life 336.71 363.51 413.99 448.30 470.62 - -
Manulife 332.95 356.56 387.06 420.23 434.21 505.95 607.47
RBC Insurance 324.24 355.82 402.48 450.31 462.61 535.48 632.23
Standard Life 339.00 367.67 406.36 447.02 458.82 530.97 619.14
Sun Life Assurance 315.01 353.73 413.53 456.28 471.47 539.10 633.18

malefemale Joint Life: with 20 year guarantee option

Company Age 55 Age 60 Age 65 Age 69 Age 70 Age 75 Age 80
BMO Insurance 339.47 368.31 406.14 439.59 447.84 - -
Canada Life 336.08 361.66 407.85 432.36 450.19 - -
Desjardins Fin. 322.90 354.44 392.62 425.58 433.63 - -
Empire Life 348.62 374.36 407.82 440.00 448.47 - -
Equitable Life 349.02 376.02 416.64 450.30 458.92 - -
Great-West Life 336.08 361.66 407.85 432.36 450.19 - -
Manulife 317.61 333.60 350.43 363.78 372.33 - -
RBC Insurance 325.72 356.42 394.61 428.09 435.37 - -
Standard Life 338.12 365.04 398.19 427.37 434.61 - -
Sun Life Assurance 314.54 352.21 408.12 441.90 453.16 - -
Phil Barker
About the Author

Phil Barker

Phil Barker is a leading expert on life annuities in Canada. LifeAnnuities.com has different financial products and has been a recognized authority since 1972.

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