CANNEX – IFID Annuity Index


CANNEX Financial Exchanges Limited together with The IFID Centre have recently developed an index to monitor the evolution of life annuity payouts over time. As a sample, the following table illustrates the average monthly payout per $100,000 initial premium that a 65 year-old and 75 year-old Male/Female could obtain on any given week. Note that the numbers for the 65 year-old assume a 10-year payment certain. We also display the Implied Longevity Yield (ILY) values which is a measure of the return from this particular life annuity pairing which can be compared with the current yield from a 10-year Government of Canada bond. For more information on the precise methodology behind the ILY values, click here to read the accompanying research paper.

	Implied Longevity Yield			Average Monthly  Payout Per $100,000 Premium
Week	Males	Females	Gov. Can. 10yr Bond Yield 1	Male Age 65	Male Age 75	Female Age 65	Female Age 75
07/06/00	6.90%	6.41%	5.94%	$744.94	$1,053.97	$686.35	$922.54
14/06/00	6.87%	6.42%	5.86%	$741.68	$1,046.99	$684.41	$913.80
21/06/00	6.85%	6.40%	5.93%	$740.24	$1,045.49	$683.12	$912.36
28/06/00	6.84%	6.39%	5.93%	$739.90	$1,045.12	$682.41	$911.64
05/07/00	6.86%	6.39%	5.80%	$740.45	$1,045.15	$682.44	$911.67
12/07/00	6.80%	6.34%	5.86%	$736.61	$1,040.00	$678.46	$907.12
19/07/00	6.79%	6.33%	5.98%	$736.02	$1,040.91	$678.14	$907.57
26/07/00	6.82%	6.33%	5.86%	$737.89	$1,040.91	$678.53	$907.57
02/08/00	6.77%	6.31%	5.80%	$735.41	$1,040.91	$677.11	$907.02
09/08/00	6.77%	6.31%	5.76%	$734.96	$1,039.66	$677.11	$907.02
16/08/00	6.77%	6.33%	5.79%	$734.96	$1,039.66	$677.99	$907.02
23/08/00	6.77%	6.33%	5.74%	$734.95	$1,039.66	$677.99	$907.02
30/08/00	6.77%	6.31%	5.77%	$734.41	$1,038.00	$677.43	$907.08
06/09/00	6.76%	6.30%	5.67%	$733.24	$1,035.34	$676.34	$905.30
13/09/00	6.71%	6.25%	5.71%	$731.45	$1,036.60	$674.51	$906.51
20/09/00	6.73%	6.30%	5.79%	$732.64	$1,038.07	$677.16	$907.94
27/09/00	6.73%	6.29%	5.75%	$733.21	$1,039.32	$677.16	$909.14
04/10/00	6.72%	6.29%	5.80%	$732.65	$1,039.36	$677.18	$909.17
11/10/00	6.73%	6.31%	5.72%	$737.36	$1,057.09	$681.43	$921.24
18/10/00	6.71%	6.29%	5.66%	$736.24	$1,056.54	$680.30	$920.09
25/10/00	6.69%	6.27%	5.72%	$735.80	$1,057.90	$678.92	$918.63
01/11/00	6.71%	6.29%	5.81%	$737.17	$1,060.05	$680.30	$920.06
08/11/00	6.71%	6.31%	5.86%	$737.36	$1,060.05	$681.43	$921.21
15/11/00*	6.73%	6.31%	5.76%	$738.33	$1,061.37	$681.63	$921.36
22/11/00	6.74%	6.32%	5.65%	$739.30	$1,062.70	$681.83	$921.50
29/11/00	6.72%	6.31%	5.54%	$737.66	$1,060.67	$681.23	$920.00
06/12/00	6.71%	6.28%	5.42%	$736.66	$1,058.43	$679.03	$917.30
13/12/00	6.68%	6.26%	5.40%	$734.31	$1,054.67	$677.07	$913.69
20/12/00	6.68%	6.27%	5.31%	$733.62	$1,051.77	$677.07	$912.26
27/12/00*	6.62%	6.20%	5.35%	$729.40	$1,045.36	$672.69	$907.87
03/01/01	6.57%	6.13%	5.43%	$725.18	$1,038.94	$668.30	$903.49
10/01/01	6.54%	6.11%	5.41%	$723.71	$1,038.64	$667.04	$903.20
17/01/01	6.57%	6.15%	5.41%	$726.36	$1,042.25	$669.68	$905.24
24/01/01	6.58%	6.14%	5.51%	$726.91	$1,043.55	$669.68	$906.67
31/01/01	6.68%	6.22%	5.39%	$731.56	$1,043.60	$673.08	$906.62
07/02/01	6.58%	6.13%	5.41%	$726.81	$1,042.04	$668.26	$903.70
14/02/01	6.51%	6.11%	5.48%	$723.06	$1,040.70	$667.51	$903.83
21/02/01	6.53%	6.13%	5.48%	$724.53	$1,042.81	$668.89	$905.86
28/02/01	6.54%	6.14%	5.36%	$724.43	$1,041.62	$668.89	$904.72
07/03/01	6.51%	6.04%	5.29%	$722.83	$1,040.59	$664.20	$903.64
14/03/01	6.43%	6.00%	5.24%	$718.54	$1,037.00	$661.56	$900.19
21/03/01	6.42%	5.97%	5.21%	$717.15	$1,034.89	$659.62	$898.16
28/03/01	6.41%	5.97%	5.41%	$716.14	$1,032.33	$658.99	$896.73
04/04/01	6.47%	6.02%	5.42%	$720.45	$1,037.07	$663.31	$903.38
11/04/01	6.50%	6.04%	5.56%	$722.32	$1,038.98	$664.05	$903.38
18/04/01	6.54%	6.08%	5.60%	$724.29	$1,040.78	$666.45	$905.85
25/04/01	6.66%	6.19%	5.66%	$731.55	$1,046.56	$673.52	$912.77
02/05/01	6.67%	6.22%	5.74%	$732.80	$1,049.94	$676.74	$918.55
09/05/01	6.69%	6.25%	5.68%	$733.90	$1,050.08	$677.51	$917.45
16/05/01	6.73%	6.31%	5.95%	$736.86	$1,053.92	$681.35	$921.14
23/05/01	6.79%	6.33%	5.92%	$739.98	$1,055.82	$683.27	$923.73
30/05/01	6.79%	6.34%	5.96%	$740.13	$1,056.82	$683.59	$923.14
06/06/01	6.78%	6.36%	5.71%	$740.38	$1,059.00	$684.15	$922.76
13/06/01	6.76%	6.34%	5.69%	$737.75	$1,053.01	$682.25	$918.91
20/06/01	6.74%	6.32%	5.70%	$737.19	$1,053.62	$681.13	$918.80
27/06/01	6.73%	6.32%	5.73%	$736.64	$1,054.21	$681.11	$919.20
04/07/01	6.75%	6.34%	5.92%	$737.74	$1,054.81	$682.82	$921.99
11/07/01	6.83%	6.40%	5.89%	$742.67	$1,058.69	$686.44	$924.98
18/07/01	6.82%	6.41%	5.74%	$742.10	$1,058.68	$686.87	$924.98
25/07/01	6.81%	6.41%	5.76%	$741.21	$1,057.48	$686.30	$922.68
01/08/01	6.77%	6.37%	5.69%	$739.02	$1,056.30	$684.06	$921.24
08/08/01	6.76%	6.35%	5.61%	$738.37	$1,055.59	$683.28	$920.55
15/08/01	6.70%	6.30%	5.58%	$734.59	$1,050.45	$679.49	$915.64
22/08/01	6.69%	6.29%	5.49%	$733.59	$1,049.39	$678.50	$914.61
29/08/01	6.62%	6.21%	5.36%	$729.26	$1,044.54	$673.56	$909.19
05/09/01	6.60%	6.21%	5.48%	$727.93	$1,042.87	$672.68	$906.68
12/09/01	6.64%	6.20%	5.19%	$728.73	$1,038.95	$672.50	$907.05
19/09/01	6.46%	6.07%	5.25%	$717.09	$1,027.39	$662.37	$893.81
26/09/01*	6.52%	6.12%	5.32%	$722.08	$1,034.98	$666.56	$900.23
03/10/01	6.59%	6.17%	5.24%	$727.07	$1,042.57	$670.76	$906.64
10/10/01	6.52%	6.12%	5.32%	$723.23	$1,040.05	$667.41	$902.95
17/10/01	6.53%	6.12%	5.25%	$723.76	$1,040.87	$668.17	$905.02
24/10/01	6.52%	6.11%	5.21%	$723.42	$1,040.28	$667.63	$904.44
31/10/01	6.50%	6.05%	4.86%	$721.99	$1,038.77	$664.18	$901.53
07/11/01	6.32%	5.92%	4.81%	$709.53	$1,023.26	$654.08	$888.08
14/11/01	6.23%	5.80%	5.12%	$704.46	$1,019.40	$647.55	$882.94
21/11/01	6.36%	5.96%	5.45%	$711.56	$1,022.81	$657.19	$891.73
28/11/01	6.55%	6.11%	5.36%	$723.02	$1,032.74	$666.24	$899.60
05/12/01	6.47%	6.04%	5.38%	$719.06	$1,031.72	$661.60	$894.75
12/12/01	6.51%	6.10%	5.40%	$721.90	$1,036.23	$665.96	$900.53
19/12/01	6.51%	6.09%	5.40%	$722.44	$1,038.61	$666.73	$904.26
26/12/01	6.50%	6.10%	5.44%	$722.32	$1,039.09	$666.61	$903.29
02/01/02	6.50%	6.10%	5.44%	$720.28	$1,031.35	$665.10	$898.37
09/01/02	6.52%	6.10%	5.31%	$718.89	$1,022.56	$665.10	$898.37
16/01/02	6.42%	6.00%	5.23%	$714.68	$1,024.32	$659.01	$892.56
23/01/02	6.44%	5.99%	5.39%	$715.43	$1,024.37	$658.95	$893.14
30/01/02	6.45%	6.00%	5.42%	$716.35	$1,025.16	$659.80	$894.53
06/02/02	6.45%	6.01%	5.32%	$716.71	$1,027.34	$660.40	$896.20
13/02/02	6.45%	6.01%	5.38%	$716.87	$1,027.34	$660.41	$896.20
20/02/02	6.44%	6.00%	5.31%	$716.32	$1,026.58	$659.84	$895.46
27/02/02	6.43%	5.99%	5.31%	$715.83	$1,026.35	$659.42	$895.23
06/03/02	6.51%	6.10%	5.49%	$720.74	$1,031.10	$665.34	$898.84
13/03/02	6.57%	6.16%	5.65%	$724.65	$1,035.83	$670.08	$904.86
20/03/02	6.65%	6.22%	5.74%	$729.91	$1,042.37	$673.78	$909.67
27/03/02	6.70%	6.29%	5.79%	$732.91	$1,045.11	$678.23	$913.75
03/04/02	6.74%	6.33%	5.71%	$735.94	$1,048.38	$681.27	$916.88
10/04/02	6.70%	6.30%	5.69%	$733.06	$1,044.73	$678.69	$913.38
17/04/02	6.69%	6.28%	5.68%	$732.17	$1,044.13	$677.77	$912.80
24/04/02	6.68%	6.27%	5.64%	$731.30	$1,041.63	$676.92	$911.36
01/05/02	6.66%	6.29%	5.58%	$729.89	$1,039.70	$676.84	$908.46
08/05/02	6.64%	6.26%	5.63%	$728.13	$1,037.63	$674.89	$906.83
15/05/02	6.65%	6.28%	5.72%	$729.61	$1,040.21	$676.29	$908.44
22/05/02	6.66%	6.30%	5.61%	$730.11	$1,040.15	$677.65	$910.13
29/05/02	6.63%	6.23%	5.49%	$727.89	$1,037.35	$673.27	$906.41
05/06/02	6.60%	6.24%	5.53%	$725.48	$1,034.55	$673.13	$903.73
12/06/02	6.59%	6.18%	5.49%	$724.71	$1,033.37	$670.02	$902.20
19/06/02	6.55%	6.16%	5.31%	$722.51	$1,031.85	$668.35	$900.20
26/06/02	6.50%	6.15%	5.37%	$719.38	$1,028.48	$666.93	$897.12
03/07/02	6.51%	6.14%	5.35%	$719.53	$1,027.30	$666.40	$896.01
10/07/02	6.55%	6.18%	5.34%	$721.83	$1,028.96	$668.60	$897.72
17/07/02	6.52%	6.14%	5.33%	$720.47	$1,028.73	$666.59	$897.38
24/07/02	6.50%	6.13%	5.22%	$719.17	$1,026.56	$665.40	$894.70
31/07/02	6.46%	6.07%	5.23%	$717.01	$1,025.65	$662.70	$893.52
07/08/02	6.48%	6.11%	5.10%	$717.97	$1,026.93	$664.45	$894.53
14/08/02	6.46%	6.09%	5.14%	$717.19	$1,027.20	$663.45	$893.38
21/08/02	6.69%	6.29%	5.11%	$733.59	$1,049.39	$678.50	$914.61
28/08/02	6.53%	6.14%	5.14%	$720.64	$1,027.48	$665.55	$893.38
04/09/02	6.48%	6.08%	4.89%	$718.75	$1,029.16	$663.15	$894.66
11/09/02	6.39%	6.06%	4.96%	$712.49	$1,020.89	$659.80	$886.15
18/09/02	6.36%	6.03%	4.88%	$710.01	$1,017.48	$657.34	$882.87
25/09/02	6.35%	6.01%	4.92%	$709.34	$1,016.17	$656.10	$881.61
02/10/02	6.32%	6.01%	4.93%	$707.57	$1,014.11	$655.47	$879.66
09/10/02	6.35%	6.03%	4.95%	$709.04	$1,015.75	$656.93	$881.22
16/10/02	6.38%	5.97%	5.22%	$710.80	$1,016.31	$654.44	$881.20
23/10/02	6.42%	6.00%	5.30%	$714.81	$1,024.96	$658.03	$889.52
30/10/02	6.44%	6.02%	5.16%	$715.53	$1,024.32	$659.23	$889.42
06/11/02	6.43%	6.02%	5.14%	$715.19	$1,024.09	$658.89	$888.69
13/11/02	6.38%	5.88%	5.01%	$706.14	$998.98	$647.67	$871.88
20/11/02	6.31%	5.86%	5.05%	$707.48	$1,016.31	$650.13	$882.85
27/11/02	6.30%	5.86%	5.18%	$706.96	$1,016.20	$649.98	$882.73
04/12/02	6.31%	5.87%	5.05%	$707.75	$1,016.55	$650.32	$883.10
11/12/02	6.26%	5.82%	4.99%	$703.78	$1,011.24	$647.02	$879.49
18/12/02	6.22%	5.77%	4.94%	$701.69	$1,009.58	$644.23	$876.47
25/12/02	6.20%	5.76%	4.88%	$700.51	$1,009.23	$643.37	$876.12
01/01/03	6.18%	5.76%	4.79%	$699.20	$1,007.15	$642.99	$874.20
08/01/03	6.18%	5.77%	4.92%	$699.25	$1,007.15