TORONTO, January 31, 2023: The Alexander S. Melvin Leadership Award committee is seeking the nomination
Annuity Pricing
Pricing and Evaluation of Annuity Products in North America
Bank Products
Personal Banking Rates in Canada...and Transaction Processing through the CANNEX Financial Network (CFN)Investor Theme Makes it Easy to Build Your Site
Research and Consulting
Retirement Income Analytics...and our Affiliation with the Fields Instituterecent news
July 2022
May 2022
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 be 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 | ||
|---|---|---|---|
| $ 617 | $ 585 | $ 829 | $ 768 |
| 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
| 4.250 % | 5.250 % | 5.150 % | 4.900 % |
| 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 | ||
|---|---|---|---|
| $ 657 | $ 627 | $ 927 | $ 879 |
| 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 | ||
|---|---|---|---|
| 4.500 % | 4.500 % | 5.000 % | 5.400 % |
| 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.