Buy an Assumption Life Annuity

Assumption Life

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



Annuity Due 2012 | Tables, Rates and Calculators

What is an Annuity Due?

An annuity due is almost identical to a regular annuity. When you buy an annuity due contract, you make a deposit with an annuity company. In exchange for your investment, the annuity company agrees to give you monthly payments in the future. The main feature of an annuity due is the timing of its payments. A regular annuity makes its payments at the end of a period. If you have a regular, monthly annuity, you get your payment at the end of the month. An annuity due makes its payments at the beginning of the period. As a result, you receive your payment on the first day of each month.

Annuity Due Tables

The tables below show a premium amount of $100,000 registered funds with a purchase date June 1, 2012 & Start date June 1, 2012. Monthly income are listed below by age group.

Annuity Due | Single Male Table

Annuity Due | Single Female Table

Annuity Due | Joint Male Table

Annuity Due Calculator

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Annuity Due Quote Example

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Annuity Due Quote

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