Annuity Rate Comparisons
Life vs Term Certain Comparison Table
The comparison table below compares the monthly income per $100,000 investment. Life annuities provide income for life (with a 10yr-guarantee in this example) while the term certain annuity provides a fixed income for 10-years.
| Company | Age | Male Life Annuity |
Male Term Certain (10-yr) |
Female Life Annuity |
Female Term Certain (10-yr) |
|---|---|---|---|---|---|
| BMO Insurance | 55 | 524.29 | 986.25 | 509.08 | 986.25 |
| 60 | 550.97 | 986.25 | 530.88 | 986.25 | |
| 65 | 601.00 | 986.25 | 569.25 | 986.25 | |
| 70 | 661.61 | 986.25 | 624.93 | 986.25 | |
| 75 | 699.95 | 986.25 | 651.05 | 986.25 | |
| Canada Life | 55 | 469.71 | 934.80 | 451.76 | 934.80 |
| 60 | 501.92 | 934.80 | 479.00 | 934.80 | |
| 65 | 546.58 | 934.80 | 515.98 | 934.80 | |
| 70 | 608.84 | 934.80 | 567.15 | 934.80 | |
| 75 | 693.67 | 934.80 | 638.05 | 934.80 | |
| Desjardins | 55 | 497.30 | 961.56 | 476.71 | 961.56 |
| 60 | 533.88 | 961.56 | 508.72 | 961.56 | |
| 65 | 583.38 | 961.56 | 551.57 | 961.56 | |
| 70 | 650.15 | 961.56 | 609.53 | 961.56 | |
| 75 | 721.57 | 961.56 | 672.72 | 961.56 | |
| Empire Life | 55 | 461.70 | 945.54 | 441.13 | 945.55 |
| 60 | 498.44 | 945.54 | 471.77 | 945.55 | |
| 65 | 546.19 | 945.54 | 513.25 | 945.55 | |
| 70 | 607.65 | 945.54 | 570.09 | 945.55 | |
| 75 | 687.73 | 945.54 | 648.00 | 945.55 | |
| Equitable | 55 | 525.04 | 986.92 | 507.79 | 986.92 |
| 60 | 553.55 | 986.92 | 532.32 | 986.92 | |
| 65 | 602.31 | 986.92 | 566.90 | 986.92 | |
| 70 | 668.15 | 986.92 | 623.13 | 986.92 | |
| 75 | 718.08 | 986.92 | 677.46 | 986.92 | |
| Manulife | 55 | 510.68 | 977.87 | 497.82 | 977.88 |
| 60 | 545.66 | 977.87 | 525.68 | 977.88 | |
| 65 | 599.25 | 977.87 | 565.92 | 977.88 | |
| 70 | 650.42 | 977.87 | 626.62 | 977.88 | |
| 75 | 724.14 | 977.87 | 672.24 | 977.88 | |
| RBC Insurance | 55 | 474.25 | 971.65 | 454.54 | 971.65 |
| 60 | 541.71 | 971.65 | 520.79 | 971.65 | |
| 65 | 599.54 | 971.65 | 567.81 | 971.65 | |
| 70 | 662.95 | 971.65 | 623.75 | 971.65 | |
| 75 | 719.41 | 971.65 | 658.99 | 971.65 | |
| Sun Life | 55 | 486.00 | 953.24 | 465.69 | 953.24 |
| 60 | 518.47 | 953.24 | 497.20 | 953.24 | |
| 65 | 562.36 | 953.24 | 536.56 | 953.24 | |
| 70 | 625.74 | 953.24 | 591.08 | 953.24 | |
| 75 | — | 953.24 | — | 953.24 |
Annuity rates are based on the following assumptions.
• $100,000 purchase amount. • Life annuity includeds 10 year guarantee • Term Certain annuity pays fixed income for 10 years.
Insight: Life annuities guarantee income for your lifetime, while term certain annuities offer fixed monthly payments for a set period, ideal for short term needs.
