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Income annuities

Our income annuities offer a worry-free option as an alternative to traditional investments. They’re ideal for older clients who want low-risk, guaranteed income for life.

Product details

Types of income annuities

  • Life annuities

    Guaranteed income for the life of the annuitant, issued on a single life or joint life basis.  

    We offer an optional “guarantee period.” If the annuitant dies during this period, the remaining guaranteed payments go to the beneficiary.  

    This annuity can be funded from non-registered and registered funds, including RRSPs, LIRAs, RRIFs, LIFs, RPPs and DPSPs.

  • Term certain annuities

    Clients will receive a guaranteed number of income payments, which will be paid to your client’s beneficiary if they die before the term ends.

    This annuity can be funded from non-registered and registered funds, including RRSPs and RRIFs.

What we offer

Rate guarantees

We offer a 10-day guarantee for non-registered funds and a 45-day guarantee for registered funds.

Easy and fast quotes

Use the Wave Illustration system to prepare quotes and access resources. We also accept CANNEX quotes.

Annuity customer service

Our staff are available to answer questions and provide premium support.

Forms & materials

  • Income Annuities – Product Overview 353E
  • Quick Start Guide for Advisors (Income Annuities) 866E
  • Income Annuities – Client Brochure 352E
  • Income Annuity Application Smart Form - Advisor Guide 1004E
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Tools

  • Income Annuity Application Smart Form

    A simple tool with step-by-step instructions to complete an income annuity application with BMO Insurance.

    Get started

  • Wave Illustration System

    Generate professional quotes with ease, to assist in reliable insurance planning.

  • CANNEX

    Illustrate and compare various income annuities and access real-time BMO Insurance quotes. We accept CANNEX generated quotes with your client’s income annuity application.

View all tools

Insights

    ClientArticle

    Annuities 101

    Retirement planning can be daunting, even for experts. But what if there was a steady and proven financial solution that could provide a reliable source of income in retirement, regardless of market conditions?

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    Teach students to budget with a term certain annuity

    Learn how you can use a term certain annuity to help pay for a child’s education.

    Read more insights

    Contact us

    Have questions? Call or email us today for more information about how we can help you. 

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