2020 Best Annuity Rates in Canada
Annuity Comparison Tables
February 05, 2020
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
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
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
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
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
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
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
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
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
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.
