Annuity Rate Comparison Before And After The Covid-19 Stock Market Plunge

See the difference in monthly incomes

By Ivon T Hughes

April 13, 2020

annuities are the answer to a stock market crash due to the coronavirus

Add Annuities To Your Retirement Portfolio

Many retirees have suffered a downturn in their mutual funds due to the big fall in the stock market recently.

But those retirees with government and also company pensions have an established income. The question for them now is whether they should annuitize their RRSP funds now or wait for the market to come back, if in fact it does. Either way, annuity payouts depend on a lot of factors and not solely on stock market performace.

An annuity provides a good income along with peace of mind. When you are retired you don't want to worry about stock market fluctuations; what you want is guaranteed income.

Key benefits of your annuity

Guaranteed income for life
No worries with stock market fluctuations
No ongoing investment decisions
Assuris guarantee - which provides 100% income protection to Canadian policyholders

Annuity Rates Before And After Stock Market Plunge

Before Stock Market Plunge	After Stock Market Plunge	After Stock Market Plunge
BMO Insurance Date: January 8, 2020 Annuitant: Male Age: 65 RRSP: $105,000 `Income: $516.83 /mo` BMO Annuity Illustration	BMO Insurance Date: March 4, 2020 Annuitant: Male Age: 65 RRSP: $105,000 `Income: $519.16 /mo` BMO Annuity Illustration	BMO Insurance Date: April 13, 2020 Annuitant: Male Age: 65 RRSP: $105,000 `Income: $493.19 /mo` BMO Annuity Illustration

Before Stock Market Plunge

After Stock Market Plunge