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 | 517.17 | 982.81 | 502.44 | 982.81 |
| 60 | 545.24 | 982.81 | 525.06 | 982.81 | |
| 65 | 594.90 | 982.81 | 562.51 | 982.81 | |
| 70 | 657.35 | 982.81 | 620.60 | 982.81 | |
| 75 | 697.95 | 982.81 | 649.02 | 982.81 | |
| Canada Life | 55 | 479.77 | 945.67 | 461.85 | 945.67 |
| 60 | 511.88 | 945.67 | 488.83 | 945.67 | |
| 65 | 556.29 | 945.67 | 525.92 | 945.67 | |
| 70 | 618.35 | 945.67 | 576.74 | 945.67 | |
| 75 | 702.74 | 945.67 | 647.34 | 945.67 | |
| Desjardins | 55 | 499.80 | 963.72 | 479.18 | 963.72 |
| 60 | 536.40 | 963.72 | 511.23 | 963.72 | |
| 65 | 585.91 | 963.72 | 554.09 | 963.72 | |
| 70 | 652.65 | 963.72 | 612.05 | 963.72 | |
| 75 | 726.41 | 963.72 | 677.66 | 963.72 | |
| Empire Life | 55 | 459.56 | 943.38 | 439.04 | 943.39 |
| 60 | 496.23 | 943.38 | 469.61 | 943.39 | |
| 65 | 543.91 | 943.38 | 511.02 | 943.39 | |
| 70 | 605.30 | 943.38 | 567.78 | 943.39 | |
| 75 | 685.34 | 943.38 | 645.63 | 943.39 | |
| Equitable | 55 | 517.76 | 983.81 | 503.50 | 983.81 |
| 60 | 548.26 | 983.81 | 527.56 | 983.81 | |
| 65 | 599.45 | 983.81 | 566.90 | 983.81 | |
| 70 | 662.62 | 983.81 | 620.90 | 983.81 | |
| 75 | 712.83 | 983.81 | 673.22 | 983.81 | |
| Manulife | 55 | 508.18 | 975.86 | 495.31 | 975.86 |
| 60 | 542.89 | 975.86 | 523.21 | 975.86 | |
| 65 | 596.76 | 975.86 | 563.51 | 975.86 | |
| 70 | 648.11 | 975.86 | 622.18 | 975.86 | |
| 75 | 722.59 | 975.86 | 673.97 | 975.86 | |
| RBC Insurance | 55 | 482.22 | 981.19 | 463.64 | 981.19 |
| 60 | 538.83 | 981.19 | 517.91 | 981.19 | |
| 65 | 594.64 | 981.19 | 562.41 | 981.19 | |
| 70 | 657.43 | 981.19 | 619.39 | 981.19 | |
| 75 | 724.23 | 981.19 | 667.04 | 981.19 | |
| Sun Life | 55 | 497.94 | 961.14 | 477.45 | 961.14 |
| 60 | 530.36 | 961.14 | 509.00 | 961.14 | |
| 65 | 573.98 | 961.14 | 548.16 | 961.14 | |
| 70 | 636.89 | 961.14 | 602.28 | 961.14 | |
| 75 | — | 961.14 | — | 961.14 |
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.
