2022 Best Annuity Rates in Canada

Annuity Comparison Tables

2022 annuity rates
Figure 1. Annuity Rates 2022

Annuity Rates as of January 5, 2022

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 5, 2022

Single Life: Male, no guarantee option

Company 55 60 65 70 75 80
BMO Insurance 407.19 445.82 506.93 592.40 686.97 878.05
Canada Life 383.55 420.14 472.99 552.29 666.61 840.46
Desjardins Fin. Security 393.81 436.15 493.88 575.82 686.75 835.51
Empire Life 369.80 412.78 471.03 550.13 655.80 -
RBC Life Insurance 372.90 409.52 461.59 539.82 661.67 857.56
Sun Life Assurance 361.19 403.63 466.40 549.37 678.95 861.16

Single Life: Male, 10 year guarantee option

Company 55 60 65 70 75 80
BMO Insurance 410.29 450.10 509.22 579.22 626.64 717.81
Canada Life 380.23 414.47 462.63 529.93 610.19 704.80
Desjardins Fin. Security 390.97 431.20 484.68 555.91 639.88 741.58
Empire Life 367.02 407.00 458.31 523.65 607.48 713.23
Equitable Life 391.44 434.80 498.27 567.23 618.32 680.91
RBC Life Insurance 373.78 441.31 507.74 578.34 622.92 735.96
Sun Life Assurance 358.77 398.66 455.20 524.43 616.89 708.57

Single Life: Female, no guarantee option

Company 55 60 65 70 75 80
BMO Insurance 384.23 422.15 465.90 541.52 598.97 766.41
Canada Life 353.01 392.22 433.50 489.45 576.46 700.47
Desjardins Fin. Security 370.16 406.93 456.31 524.60 614.75 746.14
Empire Life 346.03 380.86 428.30 494.86 591.42 -
RBC Life Insurance 354.67 386.42 432.20 495.84 594.13 751.31
Sun Life Assurance 341.74 378.97 431.32 504.12 601.89 762.96

Single Life: Female, 10 year guarantee option

Company 55 60 65 70 75 80
BMO Insurance 390.15 425.68 469.98 534.79 575.59 675.53
Canada Life 351.81 389.84 428.74 479.64 554.25 642.50
Desjardins Fin. Security 368.80 404.25 450.82 512.91 588.47 690.81
Empire Life 344.90 378.49 423.09 483.27 564.70 669.69
Equitable Life 368.01 406.94 462.70 517.19 576.81 651.32
RBC Life Insurance 354.92 423.47 468.22 533.66 569.64 677.94
Sun Life Assurance 340.02 375.43 423.76 487.56 561.52 657.39

Joint Life: no guarantee option

Company 55 60 65 70 75 80
BMO Insurance 351.53 380.00 411.13 468.19 500.12 620.72
Canada Life 325.80 358.09 393.88 435.80 507.73 611.96
Desjardins Fin. Security 341.61 370.92 410.68 466.19 538.72 654.38
Empire Life 320.36 347.49 384.18 435.02 507.79 -
RBC Life Insurance 330.62 357.14 391.16 439.64 513.11 629.99
Sun Life Assurance 311.81 341.30 382.11 437.28 512.16 623.36

Joint Life: 10 year guarantee option

Company 55 60 65 70 75 80
BMO Insurance 359.64 387.74 423.29 478.38 511.36 610.63
Canada Life 325.77 358.01 393.62 434.97 504.53 597.27
Desjardins Fin. Security 341.58 370.83 410.43 465.35 535.53 640.31
Empire Life 320.33 347.40 383.84 433.93 504.47 605.89
Equitable Life 338.15 369.80 416.50 469.49 510.23 580.50
RBC Life Insurance 332.84 378.75 428.40 482.08 532.30 622.02
Sun Life Assurance 311.78 341.18 381.71 435.86 506.28 598.69

*Manulife has discontinued external sales of individual fixed annuities.

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