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What is an annuity guarantee period?

Annuity Guarantee Period – Life annuities are guaranteed for the life of the annuitant or co annuitant; you cannot outlive the annuity payments. And the extra feature of a guarantee period means that you can ensure that someone gets a benefit if you die early.

  • For non-registered funds: a named beneficiary has the choice of continuing the guaranteed payments or receiving a lump sum payment. An estate can only receive the present value of the remaining guaranteed annuity payments.
  • For registered funds: A spouse can receive the balance of the guarantee payments or receive the present value of the remaining guarantee payments as a lump sum.  Otherwise a beneficiary  receives the commuted value.
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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

This is an example of an annuity due quote from a list of Canadian insurance companies.

Annuity Due Quote

Start here and get annuity quotes from all the annuity companies.