2020 Best Annuity Rates in Canada
Annuity Comparison Tables
October 15, 2020
Figure 1. Annuity Rates 2020
Annuity Rates as of October 15, 2020
Single Life: Male
Single Life Female
Joint Life
The following monthly annuity rates are based on a premium of $100,000.00 of registered funds. Payments will commence in one month.
Annuity Rates as of October 15, 2020
Company
55
60
65
70
75
80
BMO Insurance
376.98
421.38
485.18
583.04
674.24
866.56
Canada Life
364.38
401.66
455.23
532.11
647.67
820.38
Desjardins Fin. Security
374.37
417.47
476.08
559.14
671.72
822.37
Empire Life
355.47
398.79
457.45
537.11
643.45
-
RBC Life Insurance
360.12
392.93
446.67
527.45
651.93
853.88
Sun Life Assurance Co
342.08
394.40
474.00
566.24
680.73
860.10
Company
55
60
65
70
75
80
BMO Insurance
372.42
412.98
467.61
543.71
593.11
685.85
Canada Life
361.25
396.25
445.23
510.40
595.03
682.44
Desjardins Fin. Security
371.66
412.69
467.08
539.40
624.62
726.97
Empire Life
352.74
393.07
444.75
510.46
594.54
700.32
Equitable Life
377.10
419.99
476.30
547.98
611.21
680.11
RBC Life Insurance
359.93
415.65
473.25
545.17
612.22
726.66
Sun Life Assurance Co
339.75
389.41
462.08
539.17
616.22
703.95
Company
55
60
65
70
75
80
BMO Insurance
354.19
392.52
436.73
517.59
583.25
750.13
Canada Life
340.65
370.48
415.85
475.88
560.70
676.60
Desjardins Fin. Security
350.36
387.81
437.95
507.11
598.46
731.19
Empire Life
331.13
366.07
413.63
480.39
577.31
-
RBC Life Insurance
341.70
368.30
414.95
481.47
581.48
742.34
Sun Life Assurance Co
325.47
369.17
432.17
514.40
618.92
775.58
Company
55
60
65
70
75
80
BMO Insurance
352.12
388.42
428.48
499.18
541.90
643.11
Canada Life
339.49
368.25
411.27
466.23
538.76
619.40
Desjardins Fin. Security
349.08
385.26
432.64
495.64
572.34
675.51
Empire Life
330.04
363.77
408.53
468.93
550.65
655.86
Equitable Life
355.91
392.44
437.22
502.52
566.91
638.19
RBC Life Insurance
339.83
389.04
433.00
499.57
557.40
667.48
Sun Life Assurance Co
323.86
365.74
424.49
497.07
576.25
666.07
Company
55
60
65
70
75
80
BMO Insurance
322.17
351.36
383.35
445.73
485.80
606.23
Canada Life
303.67
342.93
373.31
422.36
492.28
591.98
Desjardins Fin. Security
321.92
352.00
392.60
449.07
522.86
639.84
Empire Life
305.66
333.00
369.91
421.03
494.16
-
RBC Life Insurance
306.26
335.36
373.39
424.15
499.93
620.08
Sun Life Assurance Co
289.04
325.50
383.23
441.27
514.21
630.97
Company
55
60
65
70
75
80
BMO Insurance
322.09
351.15
382.70
443.49
478.31
578.27
Canada Life
303.64
342.85
373.06
421.53
489.08
577.24
Desjardins Fin. Security
321.89
351.92
392.36
448.24
519.62
625.43
Empire Life
305.63
332.90
369.57
419.92
490.77
592.51
Equitable Life
324.98
354.03
390.77
446.57
500.94
576.42
RBC Life Insurance
308.52
347.69
392.30
445.64
510.79
611.46
Sun Life Assurance Co
289.01
325.39
382.81
439.75
508.00
605.05
*Manulife has discontinued external sales of individual fixed annuities.
