2024 Best Annuity Rates in Canada

Annuity Comparison Tables

2024 annuity rates
Figure 1. Annuity Rates 2024

Annuity Rates as of Feb 1, 2024

The following monthly annuity rates are based on a premium of $100,000.00 of registered funds. Payments will commence in one month.

Single Life: Male
Single Life Female
Joint Life

Annuity Rates as of Feb 1, 2024

Single Life: Male, no guarantee option

Company 55 60 65 70 75 80
BMO Insurance 507.42 547.12 602.29 681.62 782.05 955.91
Canada Life 470.84 509.81 564.93 647.22 772.85 971.64
Desjardins Fin. Security 502.42 541.89 596.75 675.97 789.13 931.96
Empire Life 471.53 512.65 569.33 646.93 750.31 -
Manulife 480.74 524.14 579.93 664.47 792.86 954.88
RBC Life Insurance 460.47 506.90 564.59 634.88 752.51 943.80
Sun Life Assurance Co 480.40 520.25 576.50 661.67 791.30 986.38

Single Life: Male, 10 year guarantee option

Company 55 60 65 70 75 80
BMO Insurance 506.18 545.18 596.39 657.62 711.99 798.87
Canada Life 466.46 502.50 552.06 620.57 711.27 816.75
Desjardins Fin. Security 498.46 535.36 585.26 652.51 736.47 833.45
Empire Life 467.66 505.06 553.47 615.45 695.75 797.66
Equitable Life 503.94 542.84 593.59 654.31 721.28 796.91
Manulife 477.45 517.62 566.22 635.47 724.29 805.49
RBC Life Insurance 464.57 536.01 596.07 657.74 706.98 815.10
Sun Life Assurance Co 476.98 513.61 562.55 632.16 721.24 817.83

Single Life: Female, no guarantee option

Company 55 60 65 70 75 80
BMO Insurance 484.42 518.07 565.53 631.30 688.46 839.25
Canada Life 446.52 477.74 521.43 583.07 672.88 811.62
Desjardins Fin. Security 479.53 513.51 560.13 625.69 717.93 844.70
Empire Life 447.77 480.44 525.92 590.82 685.97 -
Manulife 457.66 498.86 548.00 618.40 718.55 843.01
RBC Life Insurance 439.53 477.37 523.47 588.73 685.25 840.11
Sun Life Assurance Co 457.13 494.74 544.29 615.17 715.98 882.20

Single Life: Female, 10 year guarantee option

Company 55 60 65 70 75 80
BMO Insurance 482.27 515.38 561.50 617.68 660.81 756.96
Canada Life 444.86 474.64 515.44 571.05 646.87 746.00
Desjardins Fin. Security 477.58 509.87 553.06 611.43 687.44 785.11
Empire Life 446.15 477.18 519.15 576.53 654.91 756.25
Equitable Life 476.98 513.33 558.67 615.15 675.26 761.42
Manulife 455.19 493.95 538.14 598.15 671.63 751.02
RBC Life Insurance 439.32 514.30 560.85 617.47 656.16 759.55
Sun Life Assurance Co 454.59 489.76 534.29 594.65 668.43 763.40

Joint Life: guarantee option

Company 55 60 65 70 75 80
BMO Insurance 450.38 473.60 506.96 553.17 582.37 685.94
Canada Life 419.78 443.47 477.18 525.92 598.88 711.03
Desjardins Fin. Security 450.25 476.01 512.17 564.06 637.53 749.60
Empire Life 421.57 445.68 479.38 527.33 597.42 -
Manulife 415.77 441.34 470.85 516.66 585.82 647.36
RBC Life Insurance 414.94 441.47 479.77 529.20 599.48 714.06
Sun Life Assurance Co 428.76 452.85 487.33 542.09 618.10 732.35

Joint Life: 10 year guarantee option

Company 55 60 65 70 75 80
BMO Insurance 451.45 476.74 513.81 560.39 595.79 692.47
Canada Life 419.74 443.36 476.86 524.91 595.17 694.74
Desjardins Fin. Security 450.21 475.90 511.85 563.05 633.88 734.52
Empire Life 421.53 445.55 478.94 526.01 593.61 691.99
Equitable Life 451.48 477.11 512.07 558.12 613.96 693.25
Manulife 409.99 432.88 467.86 521.00 587.61 693.37
RBC Life Insurance 416.82 457.98 517.22 568.53 616.98 705.15
Sun Life Assurance Co 428.71 452.69 486.81 540.38 611.31 704.77

© 2024 Life Annuities.com Inc. All rights reserved. Update Tables

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