Annuity Rate Comparisons

Single vs Joint
Published:

Single vs Joint Comparison Table

Age Single ( Male) Single ( Female) Joint Diff. vs Joint Diff. vs Joint

Annuity rates are based on the following assumptions.

• $100,000 of registered funds • No guarantee period • Payments begin in one month

All Insurer Rate Tables

Use the button to view all insurer rates. Monthly income per $100,000; no guarantee period.

Single Life — Male

Company 55 60 65 70 75 80
BMO Insurance 484.21 522.62 576.97 649.57 752.82 926.09
Canada Life 453.68 488.23 537.59 612.02 727.36 914.52
Desjardins 468.05 508.10 563.45 642.90 745.66 890.02
Empire Life 430.29 471.17 527.30 604.14 707.18 -
Manulife Investments 483.05 519.84 573.13 649.27 750.85 913.92
RBC Life Insurance 443.39 484.49 539.60 615.68 732.27 918.28
Sun Life Assurance 465.40 500.67 550.84 627.32 - -

Single Life — Female

Company 55 60 65 70 75 80
BMO Insurance 473.04 494.19 538.74 598.28 662.16 812.55
Canada Life 432.86 461.12 500.85 556.98 640.16 770.86
Desjardins 445.18 479.76 526.91 592.89 675.12 803.12
Empire Life 407.45 440.33 485.81 550.41 644.99 -
Manulife Investments 468.50 499.86 545.72 604.80 687.31 808.85
RBC Life Insurance 422.04 457.89 506.95 573.24 667.52 816.17
Sun Life Assurance 444.49 477.99 521.60 584.91 - -

Joint Life —

Company 55 60 65 70 75 80
BMO Insurance 439.10 450.18 481.06 521.79 558.08 661.95
Canada Life 408.79 429.56 458.97 502.70 568.52 672.38
Desjardins 416.23 442.88 479.89 532.55 596.87 709.63
Empire Life 381.77 406.47 440.65 488.91 559.12 -
Manulife Investments 435.73 457.82 493.68 537.40 599.64 697.13
RBC Life Insurance 397.22 423.38 460.28 511.71 583.55 695.71
Sun Life Assurance 419.44 440.19 469.39 517.73 - -

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Insight: Single life payouts are typically higher than joint life payouts at the same age because joint payments are designed to continue for two lives.

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