2020 Best Annuity Rates in Canada

Annuity Comparison Tables

2020 annuity rates
Figure 1. Annuity Rates 2020

Annuity Rates as of February 5, 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 February 5, 2020

Single Life: Male, no guarantee option

Company Age 60 Age 65 Age 70 Age 75 Age 80
BMO Insurance 440.35 509.68 605.15 693.64 886.69
Canada Life 418.10 474.66 557.80 676.60 859.51
Empire Life 407.36 466.50 546.67 653.42 n/a
Great-West Life 418.10 474.66 557.80 676.60 859.51
*Manulife n/a n/a n/a n/a n/a
RBC Insurance 408.09 460.90 539.87 661.86 860.85
Sun Life 391.19 471.91 565.45 681.44 862.72

Single Life: Male, 10 year guarantee option

Company Age 60 Age 65 Age 70 Age 75 Age 80
BMO Insurance 431.40 490.87 563.91 609.79 701.77
Canada Life 412.33 464.09 534.82 621.45 715.77
Empire Life 401.48 453.46 519.43 603.65 709.34
Great-West 412.33 464.09 534.82 621.45 715.77
La Capitale 411.37 470.33 543.41 629.67 719.39
*Manulife n/a n/a n/a n/a n/a
RBC Insurance 430.16 490.40 564.43 622.69 735.24
Sun Life 386.30 460.17 538.61 617.17 706.52

Single Life: Male, 20 year guarantee option

Company Age 60 Age 65 Age 70 Age 75 Age 80
BMO Insurance 403.64 438.43 469.06 n/a n/a
Canada Life 393.08 427.04 459.88 n/a n/a
Empire Life 381.91 417.54 453.21 n/a n/a
Great-West Life 393.08 427.04 459.88 n/a n/a
La Capitale 381.45 414.60 443.12 n/a n/a
*Manulife n/a n/a n/a n/a n/a
RBC Insurance 404.62 438.05 472.76 n/a n/a
Sun Life 370.43 425.39 466.18 n/a n/a

Single Life: Female, no guarantee option

Company Age 60 Age 65 Age 70 Age 75 Age 80
BMO Insurance 400.51 457.87 536.18 601.60 769.13
Canada Life 386.88 431.85 494.78 585.60 713.85
Empire Life 374.28 422.21 489.43 586.85 n/a
Great-West Life 386.88 431.85 494.78 585.60 713.85
*Manulife n/a n/a n/a n/a n/a
RBC Insurance 384.53 430.22 495.69 593.66 751.57
Sun Life 365.70 429.71 513.15 619.10 777.54

Single Life: Female, 10 year guarantee option

Company Age 60 Age 65 Age 70 Age 75 Age 80
BMO Insurance 396.29 449.04 516.88 558.66 659.25
Canada Life 384.50 427.04 484.65 562.56 653.59
Empire Life 371.90 416.97 477.69 559.67 664.93
Great-West Life 384.50 427.04 484.65 562.56 653.59
La Capitale 368.53 418.45 483.99 569.48 n/a
*Manulife n/a n/a n/a n/a n/a
RBC Insurance 396.55 448.19 516.79 569.39 677.37
Sun Life 362.35 422.16 496.00 576.66 668.11

Single Life: Female, 20 year guarantee option

Company Age 60 Age 65 Age 70 Age 75 Age 80
BMO Insurance 382.15 420.48 458.78 n/a n/a
Canada Life 374.26 406.96 442.99 n/a n/a
Empire Life 362.87 398.42 437.38 n/a n/a
Great-West Life 374.26 406.96 442.99 n/a n/a
La Capitale 354.05 389.86 425.63 n/a n/a
*Manulife n/a n/a n/a n/a n/a
RBC Insurance 382.66 420.33 457.95 n/a n/a
Sun Life 350.52 396.98 441.80 n/a n/a

Joint Life: no guarantee option

Company Age 60 Age 65 Age 70 Age 75 Age 80
BMO Insurance 359.07 403.47 463.16 502.52 623.14
Canada Life 352.59 388.80 440.46 515.87 626.86
Empire Life 407.36 466.50 546.67 653.42 n/a
Great-West Life 352.59 388.80 440.46 515.87 626.86
*Manulife n/a n/a n/a n/a n/a
RBC Insurance 354.44 389.59 439.05 513.38 641.59
Sun Life 321.63 380.35 439.44 513.65 632.04

Joint Life: 10 year guarantee option

Company Age 60 Age 65 Age 70 Age 75 Age 80
BMO Insurance 358.86 402.78 460.80 494.72 594.37
Canada Life 352.50 388.53 439.59 512.52 611.35
Empire Life 401.48 453.46 519.43 603.65 709.34
Great-West Life 352.50 388.53 439.59 512.52 611.35
La Capitale 332.45 374.66 431.34 508.49 608.45
*Manulife n/a n/a n/a n/a n/a
RBC Insurance 360.11 403.23 463.07 525.69 625.93
Sun Life 321.52 379.94 437.94 507.49 606.18

Joint Life: 20 year guarantee option

Company Age 60 Age 65 Age 70 Age 75 Age 80
BMO Insurance 356.41 395.27 438.46 n/a n/a
Canada Life 351.16 384.42 425.53 n/a n/a
Empire Life 381.91 417.54 453.21 n/a n/a
Great-West Life 351.16 384.42 425.53 n/a n/a
La Capitale 329.77 366.70 407.58 n/a n/a
*Manulife n/a n/a n/a n/a n/a
RBC Insurance 356.55 393.54 437.60 n/a n/a
Sun Life 320.17 374.99 420.47 n/a n/a

*Manulife has discontinued external sales of individual fixed annuities.

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