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Annuity Pricing

Pricing and Evaluation of Annuity Products in North America
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Bank Products

Personal Banking Rates in Canada...and Transaction Processing through the CANNEX Financial Network (CFN)

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Quantitative Analysis

Retirement Income Analytics and Decision Tools...and our Affiliation with the Fields Institute for Research in Mathematical Sciences

recent news

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CFN News – Issue 3

Welcome to Issue 3 of CFN News … the newsletter that shares both CANNEX and deposit industry information,

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Genworth’s Innovative Income Assurance Immediate Need Annuity Now Available on the CANNEX Income Annuity Exchange

CANNEX Financial Exchanges Leading Source of Comparative Pricing and Benefit Information For Advisors and Their

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Third Annual Guaranteed Lifetime Income Study Reveals Growing Consumer Concern About Maintaining Standard of Living in Retirement

Recognition of Need to Take More Investment Risk, Anxious About Investment Loss Majority of Consumers

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who we are

CANNEX supports the exchange of pricing information for annuity and bank products across North America. We provide financial institutions with the ability to evaluate and compare various guarantees associated with retirement savings and retirement income products.

The CANNEX Financial Network enables financial institutions to automate the application processing and administration of bank and annuity products in Canada.

Our quantitative research team provides methodologies that help optimize the selection and allocation of annuity and insurance guarantees in support of retirement programs and practices.

Our pricing and analytic services can deployed to support a variety of processes, including:

  • Research & Market Intelligence
  • Financial Planning & Education
  • Sales & Compliance
  • Transaction Processing
  • Product Service & Administration

Today's Rates

Income Annuities - Canada

10 Year Guarantee, 1 Month Deferral 10 Year Guarantee, 5 Year Deferral
$ 557 $ 514 $ 722 $ 670
Male, Age 70 Female, Age 70 Male, Age 70 Female, Age 70

Average of the top 5 monthly incomes based on a $100,000 CAD premium of non-registered funds.

Term Deposits/GICs - Canada

2.100 % 2.600 % 2.800 % 2.900 %
90 Days 1 Year 2 Years 3 Years

Highest rate based on deposit of $1,000 CAD. Interest not compounded.

Income Annuities - USA

10 Year Guarantee, 1 Month Deferral 10 Year Guarantee, 5 Year Deferral
$ 571 $ 544 $ 800 $ 758
Male, Age 70 Female, Age 70 Male, Age 70 Female, Age 70

Average of the top 5 monthly incomes based on a $100,000 USD premium of non-qualified funds and issued in Connecticut.

Deferred Fixed Annuities - USA

Multi Year Guarantee Multi Year Guarantee with MVA
1.200 % 1.750 % 1.550 % 2.350 %
3 Years 5 Years MVA 3 Years MVA 5 Years

Highest rate based on a single premium of $25,000 USD issued in Connecticut. No bonus.

Prepared by CANNEX on May 25, 2017 at 18:00:07 ET.