2020 Best Annuity Rates in Canada

Annuity Comparison Tables

2020 annuity rates
Figure 1. Annuity Rates 2020

Annuity Rates as of December 1, 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 December 1, 2020

Single Life: Male, no guarantee option

Company 55 60 65 70 75 80
BMO Insurance 376.98 421.38 485.18 583.04 674.24 866.56
Canada Life 367.67 404.88 458.40 538.50 650.50 823.66
Desjardins Fin. Security 374.37 417.47 476.08 559.14 671.72 822.37
Empire Life 353.74 396.86 455.23 534.50 640.49 -
RBC Life Insurance 359.12 395.31 449.03 529.90 654.44 856.16
Sun Life Assurance 343.65 396.24 476.21 568.86 683.81 863.80

Single Life: Male, 10 year guarantee option

Company 55 60 65 70 75 80
BMO Insurance 372.42 412.98 467.61 543.71 593.11 685.85
Canada Life 364.50 399.41 448.31 516.47 597.95 685.20
Desjardins Fin. Security 371.66 412.69 467.08 539.40 624.62 726.97
Empire Life 351.08 391.29 442.86 508.52 592.67 698.73
Equitable Life 379.80 424.25 486.26 558.24 618.55 680.11
RBC Life Insurance 357.09 421.19 481.33 554.59 614.55 726.79
Sun Life Assurance 341.31 391.22 464.25 541.69 619.08 707.17

Single Life: Female, no guarantee option

Company 55 60 65 70 75 80
BMO Insurance 354.19 392.52 436.73 517.59 583.25 750.13
Canada Life 340.61 376.97 418.99 478.97 566.91 682.78
Desjardins Fin. Security 350.36 387.81 437.95 507.11 598.46 731.19
Empire Life 329.84 364.77 412.27 478.88 575.52 -
RBC Life Insurance 334.28 371.00 417.37 483.98 584.02 745.06
Sun Life Assurance 326.96 370.89 434.19 516.81 621.77 779.00

Single Life: Female, 10 year guarantee option

Company 55 60 65 70 75 80
BMO Insurance 352.12 388.42 428.48 499.18 541.90 643.11
Canada Life 339.46 374.68 414.36 469.24 544.68 625.06
Desjardins Fin. Security 349.08 385.26 432.64 495.64 572.34 675.51
Empire Life 328.77 362.51 407.27 467.63 549.31 654.63
Equitable Life 356.45 393.50 441.89 509.14 575.75 638.19
RBC Life Insurance 334.83 390.32 437.37 505.38 559.68 669.76
Sun Life Assurance 325.34 367.44 426.49 499.42 578.96 669.15

Joint Life: no guarantee option

Company 55 60 65 70 75 80
BMO Insurance 322.17 351.36 383.35 445.73 485.80 606.23
Canada Life 306.84 346.12 379.46 425.31 495.21 594.87
Desjardins Fin. Security 321.92 352.00 392.60 449.07 522.86 639.84
Empire Life 304.43 331.79 368.69 419.74 492.72 -
RBC Life Insurance 315.08 341.64 376.01 426.55 502.37 622.62
Sun Life Assurance 290.35 327.01 385.03 443.36 516.64 633.89

Joint Life: 10 year guarantee option

Company 55 60 65 70 75 80
BMO Insurance 322.09 351.15 382.70 443.49 478.31 578.27
Canada Life 306.81 346.03 379.21 424.47 492.00 580.06
Desjardins Fin. Security 321.89 351.92 392.36 448.24 519.62 625.43
Empire Life 304.41 331.70 368.36 418.67 489.43 591.11
Equitable Life 325.51 355.06 400.45 456.58 508.18 576.42
RBC Life Insurance 311.92 349.16 394.24 449.96 514.15 613.96
Sun Life Assurance 290.31 326.90 384.61 441.83 510.41 607.88

*Manulife has discontinued external sales of individual fixed annuities.

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