About The Canada Life Assurance Company
Founded in 1847, The Canada Life Assurance Company was Canada’s first domestic life insurance company. Today, Canada Life provides insurance and wealth management products and services in Canada and internationally.
Canada Life offers a wide range of insurance and wealth management products and services for individuals, families and business owners from coast to coast. Canada Life’s savings and investments, retirement income, life, disability and critical illness insurance products are available from independent brokers who are licensed representatives of Canada Life.
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Product name: Single premium payout annuity
Issue ages: non-registered 1 – 90, RRSP 25-71, RRIF 25-90
Types of annuities: single life annuity, joint life annuity, term certain annuity, impaired life annuity, structured settlements
Rate guarantee: up to 45 days
Guarantee period: maximum 40 years, can’t exceed age 90 for prescribed taxation. age 105 if accrual
Premium: Minimum $1000
Quote: Canada Life Annuity Quote
Calculator: Canada Life Annuity Calculator