Joint Term Certain Annuity Rates
Joint Term Certain Comparison Tables
The following Canadian term certain annuity rates are as of January 15, 2019.
The monthly income is based on a premium of $100,000.00 of non-registered funds and payments will commence in one month.
5 Year Term Certain
| Company | Age 55 | Age 60 | Age 65 | Age 70 | Age 75 | Age 80 |
|---|---|---|---|---|---|---|
| BMO Insurance | 1,712.18 | 1,712.18< | 1,712.18< | 1,712.18< | 1,712.18< | 1,712.18< |
| Canada Life | 1,722.95 | 1,722.95 | 1,722.94 | 1,722.93 | 1,722.90 | 1,722.85 |
| Desjardins Fin. | n/a | n/a | n/a | n/a | n/a | n/a |
| Equitable Life | 1,703.09 | 1,703.09 | 1,703.09 | 1,703.09 | 1,703.09 | 1,703.09 |
| Great-West Life | 1,722.95 | 1,722.95 | 1,722.94 | 1,722.93 | 1,722.90 | 1,722.85 |
| *Manulife | n/a | n/a | n/a | n/a | n/a | n/a |
| RBC Insurance | 1,695.32 | 1,695.32 | 1,695.32 | 1,695.32 | 1,695.32 | 1,695.32 |
| Sun Life | 1,694.35 | 1,694.35 | 1,694.35 | 1,694.35 | 1,694.35 | 1,694.35 |
10 Year Term Certain
| Company | Age 55 | Age 60 | Age 65 | Age 70 | Age 75 | Age 80 |
|---|---|---|---|---|---|---|
| BMO Insurance | 912.10 | 912.10 | 912.10 | 912.10 | 912.10 | 912.10 |
| Canada Life | 890.42 | 890.41 | 890.40 | 890.39 | 890.37 | 890.32 |
| Desjardins Fin. | n/a | n/a | n/a | n/a | n/a | n/a |
| Empire Life | 913.41 | 913.41 | 913.41 | 913.38 | 913.36 | 913.39 |
| Equitable Life | 904.85 | 904.85 | 904.85 | 904.85 | 904.85 | 904.85 |
| Great-West Life | 890.42 | 890.41 | 890.40 | 890.39 | 890.37 | 890.32 |
| *Manulife | n/a | n/a | n/a | n/a | n/a | n/a |
| RBC Insurance | 900.35 | 900.35 | 900.35 | 900.35 | 900.35 | 900.35 |
| Sun Life | 904.03 | 904.03 | 904.03 | 904.03 | 904.03 | 904.03 |
15 Year Term Certain
| Company | Age 55 | Age 60 | Age 65 | Age 70 | Age 75 | Age 80 |
|---|---|---|---|---|---|---|
| BMO Insurance | 646.61 | 646.61 | 646.61 | 646.61 | 646.61 | 646.61 |
| Canada Life | 645.73 | 645.74 | 645.74 | 645.73 | 645.71 | 645.68 |
| Desjardins Fin. | n/a | n/a | n/a | n/a | n/a | n/a |
| Empire Life | 664.50 | 664.49 | 664.48 | 664.45 | 664.44 | n/a |
| Equitable Life | 650.60 | 650.60 | 650.60 | 650.60 | 650.60 | n/a |
| Great-West Life | 645.73 | 645.74 | 645.74 | 645.73 | 645.71 | 645.68 |
| *Manulife | n/a | n/a | n/a | n/a | n/a | n/a |
| RBC Insurance | 636.88 | 636.88 | 636.88 | 636.88 | 636.88 | n/a |
| Sun Life | 649.70 | 649.70 | 649.70 | 649.70 | 649.70 | 649.70 |
20 Year Term Certain
| Company | Age 55 | Age 60 | Age 65 | Age 70 | Age 75 | Age 80 |
|---|---|---|---|---|---|---|
| BMO Insurance | 515.18 | 515.18 | 515.18 | 515.18 | 515.18 | 515.18 |
| Canada Life | 528.36 | 528.35 | 528.35 | 528.34 | 528.33 | 528.30 |
| Desjardins Fin. | n/a | n/a | n/a | n/a | n/a | n/a |
| Empire Life | 538.85 | 538.85 | 538.83 | 538.81 | n/a | n/a |
| Equitable Life | 523.37 | 523.37 | 523.37 | 523.37 | n/a | n/a |
| Great-West Life | 528.36 | 528.35 | 528.35 | 528.34 | 528.33 | 528.30 |
| *Manulife | n/a | n/a | n/a | n/a | n/a | n/a |
| RBC Insurance | 509.97 | 509.97 | 509.97 | 509.97 | n/a | n/a |
| Sun Life | 511.27 | 511.27 | 511.27 | 511.27 | 511.27 | 511.27 |
*Please note that Manulife has discontinued external annuity sales as of June 29, 2018.
