Canadian Annuity Rates Comparison 2011 to 2013

As we enter 2013, the Democrats and Republicans appear to have made an uneasy peace which bodes not much change is coming for 2013 Canadian annuity rates.

Is that such a great change from 2011 and 2012 where not much change was seen either.

Below are tables showing Annuity Rates Comparison from 2011 to 2013.

2013 Male Annuity Rates

annuity rates canada male single registered 2013







2013 Female Annuity Rates

annuity rates canada female single registered 2013







2012 Male Annuity Rates

annuity rates canada male single registered 2012







2012 Female Annuity Rates

annuity rates canada female single registered 2012







2011 Male Annuity Rates

annuity rates canada male single registered 2011


2011 Female Annuity Rates

annuity rates canada female single registered 2011

In examining the returns, it would appear that not much has changed. Those waiting for higher annuity rates to guarantee a higher monthly return are still waiting. Annuity rates depend on a few important factors, all or any of which should not concern the potential annuitants.

What the annuitant needs to be concerned about is their own age and lifestyle. You are not going to live forever and the longer you wait to take your income, the less you will receive. Even if the rates increase, you still need to make up for the payments you did not take and the increase in capital you did not earn.

Annuities in 2013 don’t show  any sign of major change, a little bit up and a little bit down, just like 2011 and 2012. Meanwhile you are getting older and losing valuable income if you don’t move.

You are not alone in waiting in the hope that change will come. We have one client, age 70 with a large amount earning less than 1% per year. He is losing money through lack of return and inflation and has been waiting for the rates to increase since 2010. Each year he has been offered progressively less and he has run out of time to maximize his income. Don’t be like this man.

Obtain your own annuity rate.



What are payout annuities and how do they work?

What are payout annuities?

In exchange for a single lump sum deposit, insurance companies payout annuities provide you with guaranteed income for life or for a specific term (term certain annuity) so you can have peace of mind and the security you need to enjoy your retirement to the fullest.

How many types of payout annuities are there?

In Canada insurance companies offer 3 types of payout annuities.

  1. Single Life Payout Annuity: based on the life of one person.
  2. Joint Life Payout Annuity: based on the lives of two people usually married couple.
  3. Term Certain Payout Annuity: which provides guaranteed payments for a predetermined number of years.

How do you choose the right type of payout annuity?

What companies sell payout annuities?

Here is a list of insurance companies that sell payout annuities in Canada:

  1. BMO Insurance
  2. Canada Life
  3. Empire Life
  4. Great West Life
  5. Industrial Alliance
  6. La Capitale
  7. Manulife
  8. Standard life
  9. Sun Life
  10. Transamerica Life

What are the best payout annuity rates in Canada?

Click here for the Best Payout Annuity rates in Canada.

Benefits of Payout Annuities

  1. Guaranteed income for life
  2. Income security
  3. Tax benefits
  4. Payments can continue to your spouse or beneficiaries
  5. No investment decisions

Best Annuity Rate Comparison Tables of 2012

Below are the best annuity rate comparison tables which we prepared on November 2, 2012.

The annuity rates shown below are from registered funds. All annuity rates provided are immediate life annuities. We compare annuity rates for males and females. A joint comparison is also available for your spouse. All the annuity rates are based on monthly incomes with a premium of $100,000 of registered funds. The income payments will commence in one month.

Annuity Comparison Tables



















Click here to view the full Annuity Rates Comparison Table 2012 article.


Today’s Annuity Rates as of April 24, 2012

Today’s Annuity Rates: 24-April-2012

The following annuity rates comparison tables are for registered funds, with a premium amount of $100,000 and with a “no guarantee” period.

Comparison Table: Single Male Annuity Rates

Comparison Table: Single Female Annuity Rates

Comparison Table: Joint Annuity Rates

Canadian Annuity Quotes

To obtain your own personal Canadian annuity quote please use the instant  annuity calculator on our site.

Annuity Prices

We represent the following list of life insurance companies in Canada that sell life annuities. To request an annuity price choose from one of the list of companies below.

Assumption Life

BMO Life insurance

Canada Life Insurance

Empire Life Insurance

Equitable Life

Foresters (was Unity Life)

Industrial Alliance

La Capitale Insurance

Manulife Financial

Standard Life Insurance

Sun Life Financial

Transamerica Life Insurance


Joint Life Annuity Table

 Annuity Table below is for a joint life annuity.

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

Visit our 2012 Annuity Table for further information.

Canadian Joint Life Annuity Table as of April 17, 2012.

  Single Life Annuity Table: Male

  Single Life Annuity Table: Female

Our annuity rates are from Canada Life and may have changed since the table was last updated, to get up to date annuity rates please use our annuity calculator.