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EXAMPLE: REGISTERED LIFE ANNUITY QUOTE
Registered
Life Annuity Quote
| Annuity Survey Details |
| Prepared By |
Ivon T. Hughes |
| Annuitant's Province |
Ontario |
| Name |
John Smith |
| Birth Date |
December 20, 1926 |
| Sex |
Male |
| Annuity Type |
Single Life |
| Fund Type |
Registered - Prescribed |
| Guarantee Period |
5 Years |
| Premium |
$175,000.00 |
| Purchase Date |
November 15, 2006 |
| Payment Frequency |
Monthly |
| Income Start Date |
December 15, 2006 |
| Death Benefit Before Payments Begin: Guaranteed payments when due |
| Rank |
Financial Institution |
Monthly
Income |
Taxable
Portion |
Guaranteed
To End Of |
Notes |
| 1 |
Equitable Life |
$1,845.11 |
$192.04 |
Not binding |
|
| 2 |
Great-West Life |
$1,795.24 |
$138.04 |
Not binding |
|
| 3 |
Canada Life |
$1,795.17 |
$137.97 |
Not binding |
|
| 4 |
Manulife Investments |
$1,791.81 |
$134.61 |
NOV-06-2006 |
|
| 5 |
Sun Life Assurance Company of Canada |
$1,757.89 |
$100.69 |
NOV-08-2006 |
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Financial Institution |
Reasons For Not Quoting |
| |
Bank of Nova Scotia |
Single life annuities are not offered. |
| Death Benefit Before Payments Begin: Return of premium |
| Rank |
Financial Institution |
Monthly
Income |
Taxable
Portion |
Guaranteed
To End Of |
Notes |
Death Benefit
Interest Rate |
| 1 |
Transamerica Life Canada |
$1,801.92 |
$141.49 |
Not binding |
|
4.00000% |
| 2 |
Great-West Life |
$1,791.39 |
$134.19 |
Not binding |
See below |
.00000% |
| 3 |
Canada Life |
$1,791.27 |
$134.07 |
Not binding |
See below |
.00000% |
| 4 |
Manulife Investments |
$1,788.20 |
$131.01 |
NOV-06-2006 |
See below |
.00000% |
| 5 |
Empire Life |
$1,782.30 |
$125.10 |
Not binding |
|
5.00000% |
| 6 |
Sun Life Assurance Company of Canada |
$1,754.56 |
$97.36 |
NOV-08-2006 |
See below |
.00000% |
| 7 |
Standard Life |
$1,707.82 |
$54.81 |
Not binding |
|
5.00000% |
| 8 |
Desjardins Financial Security |
$1,651.01 |
$0.00 |
NOV-07-2006 |
|
5.00000% |
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Financial Institution |
Notes |
| |
Canada Life |
Other death benefit interest rates are available from the quoted company. |
| |
Great-West Life |
Other death benefit interest rates are available from the quoted company. |
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Manulife Investments |
Other death benefit interest rates are available from the quoted company. |
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Sun Life Assurance Company of Canada |
Other death benefit interest rates are available from the quoted company. |
| Survey Notes |
| Not binding means that the length of time between the quote date and the Purchase Date is too long for the financial institution to commit. |
| When the option for 'Death Benefit Before Payments Begin' is 'Guaranteed payments when due', some financial institutions offer the choice of a single payment that is calculated as the present value of the remaining guaranteed payments (also known as the commuted value). |
 Start here to get your Life Annuity Quote.
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