2022 Best Annuity Rates in Canada

Annuity Comparison Tables

2022 annuity rates
Figure 1. Annuity Rates 2022

Annuity Rates as of March 26, 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 March 26, 2022

Single Life: Male, no guarantee option

Company 55 60 65 70 75 80
BMO Insurance 440.64 478.75 539.80 625.41 720.25 892.95
Canada Life 432.41 464.31 519.68 598.45 715.91 886.98
Desjardins Fin. Security 444.99 486.25 542.99 624.19 737.05 883.68
Empire Life 415.86 458.56 516.78 595.99 701.42 -
RBC Life Insurance 401.47 439.17 492.69 573.05 697.41 898.49
Sun Life Assurance 422.80 465.90 530.01 614.36 746.27 931.35

Single Life: Male, 10 year guarantee option

Company 55 60 65 70 75 80
BMO Insurance 443.23 482.24 540.67 609.70 655.36 745.13
Canada Life 435.51 471.42 514.53 586.53 670.38 758.81
Desjardins Fin. Security 441.59 480.48 532.56 602.27 686.61 786.11
Empire Life 412.46 451.73 502.19 566.43 648.92 752.90
Equitable Life
RBC Life Insurance 402.07 473.50 540.61 610.52 655.68 768.42
Sun Life Assurance 415.16 455.57 512.86 582.27 674.39 764.43

Single Life: Female, no guarantee option

Company 55 60 65 70 75 80
BMO Insurance 417.49 454.86 497.99 573.48 630.29 780.06
Canada Life 405.11 446.83 490.08 548.01 637.42 760.98
Desjardins Fin. Security 421.46 457.14 505.53 572.94 664.71 794.50
Empire Life 391.44 424.64 472.62 538.97 635.56 -
RBC Life Insurance 382.55 415.17 461.89 527.61 627.79 788.16
Sun Life Assurance 397.48 435.53 489.19 563.67 663.05 827.16

Single Life: Female, 10 year guarantee option

Company 55 60 65 70 75 80
BMO Insurance 423.34 458.07 501.49 565.48 604.55 703.27
Canada Life 403.64 443.95 484.45 536.67 612.47 698.05
Desjardins Fin. Security 419.81 453.98 499.22 559.86 636.02 736.33
Empire Life 390.07 422.84 466.63 523.97 606.42 709.95
Equitable Life
RBC Life Insurance 382.61 456.88 500.92 565.75 601.57 710.67
Sun Life Assurance 395.34 431.23 480.23 544.51 617.93 712.65

Joint Life: no guarantee option

Company 55 60 65 70 75 80
BMO Insurance 384.20 411.77 441.84 498.31 528.78 632.88
Canada Life 370.28 411.70 445.75 492.12 562.58 671.83
Desjardins Fin. Security 392.27 420.09 458.41 512.58 586.11 700.77
Empire Life 365.22 391.29 427.02 477.02 549.13 -
RBC Life Insurance 358.76 384.68 418.90 468.61 543.83 663.44
Sun Life Assurance 366.06 395.89 437.31 493.42 569.11 681.50

Joint Life: 10 year guarantee option

Company 55 60 65 70 75 80
BMO Insurance 392.59 419.74 454.31 508.62 539.92 638.44
Canada Life 370.24 411.60 445.45 491.15 558.99 655.80
Desjardins Fin. Security 392.23 419.99 458.13 511.65 582.61 685.87
Empire Life 365.18 391.18 424.62 475.80 545.49 645.95
Equitable Life
RBC Life Insurance 357.05 408.02 460.71 513.72 563.45 654.74
Sun Life Assurance 366.02 395.74 436.93 491.78 562.50 654.56

*Manulife has discontinued external sales of individual fixed annuities.

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