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 60 65 69 70 75 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. Security 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 Investments 404.20 442.05 499.52 561.74 585.09 711.82 934.55
RBC Life 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 Co 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 60 65 69 70 75 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. Security 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 Investments 402.42 433.41 482.86 534.10 552.16 638.35 726.31
RBC Life 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 Co 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 60 65 69 70 75 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. Security 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 Investments 391.14 418.14 452.45 477.97 482.91 - -
RBC Life 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 Co 364.41 407.86 462.87 494.53 502.07 - -

female Single Life: Female with no guarantee option

Company Age
55 60 65 69 70 75 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. Security 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 Investments 383.31 413.92 459.91 505.39 523.68 622.84 775.95
RBC Life 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 Co 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 60 65 69 70 75 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. Security 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 Investments 383.52 409.49 450.52 490.99 506.33 578.96 672.01
RBC Life 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 Co 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 60 65 69 70 75 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. Security 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 Investments 374.76 399.62 428.45 457.11 463.64 - -
RBC Life 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 Co 343.14 380.37 426.96 462.81 471.58 - -

malefemale Joint Life: with no guarantee option

Company Age
55 60 65 69 70 75 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. Security 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 Investments 341.37 362.58 394.80 428.75 443.17 512.85 630.00
RBC Life 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 Co 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 60 65 69 70 75 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. Security 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 Investments 332.95 356.56 387.06 420.23 434.21 505.95 607.47
RBC Life 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 Co 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 60 65 69 70 75 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. Security 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 Investments 317.61 333.60 350.43 363.78 372.33 - -
RBC Life 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 Co 314.54 352.21 408.12 441.90 453.16 - -
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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