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 |
Male |
Female |
Gov. Cda. 10 yr |
Male |
Male |
Female |
Female |
| Bond Yield |
Age 65 |
Age 75 |
Age 65 |
Age 75 |
|
|
|
|
|
|
|
|
| 01/06/10 |
5.87% |
5.45% |
3.59% |
$658.15 |
$908.96 |
$606.55 |
$801.04 |
| 01/13/10 |
5.87% |
5.46% |
3.58% |
$658.15 |
$908.54 |
$606.55 |
$800.64 |
| 01/20/10 |
5.88% |
5.48% |
3.39% |
$658.15 |
$906.81 |
$606.55 |
$798.02 |
| 01/27/10 |
5.89% |
5.48% |
3.32% |
$658.70 |
$907.59 |
$606.55 |
$797.12 |
| 02/03/10 |
5.89% |
5.48% |
3.39% |
$658.70 |
$908.04 |
$606.55 |
$797.58 |
| 02/10/10 |
5.91% |
5.50% |
3.40% |
$658.70 |
$904.59 |
$606.55 |
$794.65 |
| 02/17/10 |
5.90% |
5.49% |
3.44% |
$658.70 |
$906.50 |
$606.55 |
$796.73 |
| 02/24/10 |
5.91% |
5.50% |
3.42% |
$658.70 |
$905.40 |
$606.55 |
$795.52 |
| 03/03/10 |
5.91% |
5.51% |
3.39% |
$658.70 |
$904.35 |
$606.55 |
$793.74 |
| 03/10/10 |
5.91% |
5.51% |
3.50% |
$658.70 |
$904.22 |
$606.55 |
$794.31 |
| 03/17/10 |
5.91% |
5.51% |
3.44% |
$658.70 |
$905.23 |
$606.55 |
$793.22 |
| 03/24/10 |
5.92% |
5.52% |
3.51% |
$658.70 |
$903.97 |
$606.55 |
$792.21 |
| 03/31/10 |
5.88% |
5.45% |
3.53% |
$657.72 |
$906.41 |
$604.70 |
$795.65 |
| 04/07/10 |
5.86% |
5.42% |
3.59% |
$656.90 |
$906.15 |
$603.35 |
$795.86 |
| 04/14/10 |
5.85% |
5.42% |
3.68% |
$656.90 |
$907.43 |
$603.35 |
$795.73 |
| 04/21/10 |
5.86% |
5.41% |
3.69% |
$657.44 |
$907.99 |
$603.35 |
$796.72 |
| 04/28/10 |
5.80% |
5.38% |
3.63% |
$654.68 |
$907.90 |
$601.92 |
$796.45 |
| 05/05/10 |
5.78% |
5.36% |
3.51% |
$653.59 |
$906.53 |
$600.51 |
$794.95 |
| 05/12/10 |
5.69% |
5.29% |
3.56% |
$648.68 |
$903.36 |
$597.69 |
$794.69 |
| 05/19/10 |
5.65% |
5.31% |
3.37% |
$645.85 |
$900.42 |
$596.50 |
$789.19 |
| 05/26/10 |
5.66% |
5.32% |
3.22% |
$644.63 |
$893.82 |
$595.31 |
$783.52 |
| 06/02/10 |
5.65% |
5.31% |
3.35% |
$644.63 |
$895.76 |
$595.31 |
$785.88 |
| 06/09/10 |
5.62% |
5.28% |
3.32% |
$644.63 |
$899.75 |
$595.31 |
$788.73 |
| 06/16/10 |
5.59% |
5.24% |
3.33% |
$644.79 |
$904.67 |
$595.31 |
$793.94 |
| 06/23/10 |
5.58% |
5.23% |
3.20% |
$644.63 |
$906.56 |
$595.31 |
$795.21 |
| 06/30/10 |
5.63% |
5.26% |
3.06% |
$645.01 |
$900.34 |
$594.55 |
$789.53 |
| 07/07/10 |
5.63% |
5.26% |
3.14% |
$644.63 |
$899.47 |
$594.21 |
$788.03 |
| 07/14/10 |
5.57% |
5.20% |
3.23% |
$642.48 |
$899.65 |
$591.96 |
$788.83 |
| 07/21/10 |
5.56% |
5.20% |
3.13% |
$641.22 |
$897.42 |
$590.78 |
$785.96 |
| 07/28/10 |
5.55% |
5.17% |
3.19% |
$641.27 |
$899.05 |
$590.23 |
$786.97 |
For older data, please choose from the following years:
