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Conversations with CANNEX

In our latest conversation, we interview Tim Paris of Ruark Consulting about policyholder behavior, the choices that annuity buyers make around using living benefits
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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)

Investor Theme Makes it Easy to Build Your Site

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Research and Consulting

Retirement Income Analytics...and our Affiliation with the Fields Institute

recent news

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Generation X Turning to Annuities at Higher Rates in Search of Protection as Private Sector Pensions Disappear

Investors under 55 are considerably more interested in annuities than baby boomers; 58% embrace the

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Alexander S. Melvin 2021 Award Committee Calls for Nominations of Individuals Who Have Demonstrated Inspirational & Ethical Leadership in Financial Services

TORONTO, April 20, 2021 – The 2021 Alexander S. Melvin Leadership Award will recognize an

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Luma Selects CANNEX to Enhance Annuity Offering

CANNEX Pricing and Analytic Features Provide Luma Users with Unmatched Annuity Transparency ______________________________________ CINCINNATI, OH

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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 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
$ 536 $ 494 $ 718 $ 658
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

1.300 % 1.500 % 1.600 % 1.850 %
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
$ 532 $ 499 $ 701 $ 656
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
1.500 % 2.050 % 1.450 % 1.950 %
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 July 24, 2021 at 06:00:06 ET.