About Assumption Life
Established in 1903, Assumption Mutual Life Insurance Company became a mutual company more than forty years ago. A testament to its undeniable reliability, Assumption Life has stood the test of time and is now one of the largest remaining mutual life insurance companies in Canada. More about Assumption Life.
Product name: Immediate annuity
Issue ages: Single and Joint life ages 18-85. Prescribed term certain 18-85, non-prescribed term certain maximum age 105
Types of annuities: single life annuity, joint life annuity, term certain annuity
Rate guarantee: 21 days; 45 days if transfer from other institions
Guarantee period: Single life annuity, joint life annuity, term certain annuity 5 to 30 years. Pension income 0 to 15 years (can’t exceed age 90).
Premium Minimum: $10,000 maximum $750,000
Calculate: Assumption Life Annuity Quote