2021 Best Annuity Rates in Canada

Annuity Comparison Tables

2021 annuity rates
Figure 1. Annuity Rates 2021

Annuity Rates as of January 6, 2021

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 January 6, 2021

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 360.56 401.07 451.20 527.81 639.48 814.12
Desjardins Fin. Security 365.99 409.00 467.42 550.07 661.93 812.25
Empire Life 353.74 396.86 455.23 534.51 640.49 -
RBC Life Insurance 358.09 396.79 450.27 530.64 654.43 854.24
Sun Life Assurance 334.44 385.65 463.72 554.39 667.47 845.46

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 357.51 392.49 441.40 506.51 588.01 678.39
Desjardins Fin. Security 363.40 404.43 458.76 531.00 616.23 718.97
Empire Life 351.08 391.29 442.86 508.52 592.67 698.73
Equitable Life 369.38 415.35 476.16 549.09 607.13 678.56
RBC Life Insurance 359.22 414.88 475.92 548.97 615.27 724.98
Sun Life Assurance 332.24 380.91 452.40 528.63 605.55 693.90

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 336.91 369.91 408.71 468.58 556.18 674.55
Desjardins Fin. Security 342.19 379.59 429.61 498.55 589.51 722.01
Empire Life 329.84 364.77 412.27 478.88 575.52 -
RBC Life Insurance 337.19 372.79 419.65 485.11 585.32 744.82
Sun Life Assurance 318.63 361.49 423.35 504.29 607.49 762.74

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 335.78 367.70 404.29 459.22 534.67 618.14
Desjardins Fin. Security 340.97 377.14 424.50 487.46 564.16 667.54
Empire Life 328.77 362.51 407.27 467.63 549.31 654.63
Equitable Life 348.41 386.49 433.24 500.37 569.45 636.75
RBC Life Insurance 337.67 385.73 432.76 500.10 560.58 670.60
Sun Life Assurance 317.08 358.18 415.95 487.58 566.26 656.25

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 300.10 336.17 369.66 418.58 488.28 590.37
Desjardins Fin. Security 314.03 344.16 384.76 441.12 514.67 631.22
Empire Life 304.43 331.80 368.70 419.75 492.72 -
RBC Life Insurance 312.89 341.20 377.93 428.04 503.50 623.19
Sun Life Assurance 282.82 318.53 375.14 432.09 503.98 619.71

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 300.07 336.08 369.42 417.78 485.17 575.93
Desjardins Fin. Security 314.01 344.09 384.53 440.32 511.56 617.28
Empire Life 304.41 331.71 368.37 418.68 489.45 591.13
Equitable Life 317.70 348.32 391.06 448.08 502.04 574.87
RBC Life Insurance 315.09 349.50 390.37 444.94 512.84 614.86
Sun Life Assurance 282.79 318.42 374.74 430.66 498.08 594.76

*Manulife has discontinued external sales of individual fixed annuities.

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