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
02/01/08	5.33%	4.82%	3.91%	$633.76	$906.44	$576.75	$790.20
09/01/08	5.30%	4.78%	3.87%	$631.61	$903.47	$574.22	$787.54
16/01/08	5.26%	4.73%	3.82%	$629.45	$901.16	$571.53	$785.52
23/01/08	5.26%	4.74%	3.88%	$628.90	$899.85	$571.53	$784.52
30/01/08	5.27%	4.77%	3.88%	$630.07	$901.91	$573.29	$786.27
06/02/08	5.31%	4.78%	3.78%	$631.32	$900.15	$573.06	$784.22
13/02/08	5.28%	4.76%	3.87%	$629.73	$899.53	$572.34	$783.66
20/02/08	5.29%	4.77%	3.92%	$630.65	$901.59	$573.61	$786.11
27/02/08	5.28%	4.77%	3.81%	$630.65	$902.59	$573.61	$787.11
05/03/08	5.26%	4.74%	3.64%	$627.12	$894.07	$569.73	$779.07
12/03/08	5.31%	4.82%	3.52%	$629.22	$893.30	$572.84	$778.31
19/03/08	5.27%	4.87%	3.44%	$626.51	$890.63	$574.01	$775.95
26/03/08	5.27%	4.83%	3.46%	$626.51	$890.53	$572.23	$775.59
02/04/08	5.26%	4.83%	3.62%	$626.51	$890.83	$572.34	$775.93
09/04/08	5.31%	4.86%	3.55%	$629.47	$894.58	$574.82	$779.50
16/04/08	5.30%	4.91%	3.66%	$630.01	$897.95	$578.25	$782.95
23/04/08	5.49%	5.07%	3.66%	$639.17	$900.27	$585.13	$784.64
30/04/08	5.52%	5.10%	3.58%	$640.91	$902.06	$587.05	$786.82
07/05/08	5.47%	5.10%	3.67%	$638.06	$899.82	$586.43	$784.16
14/05/08	5.48%	5.11%	3.60%	$638.06	$898.76	$856.43	$783.34
21/05/08	5.51%	5.13%	3.58%	$639.13	$989.26	$586.88	$782.79
25/05/08	5.51%	5.11%	3.68%	$639.67	$900.09	$586.74	$784.49
04/06/08	5.62%	5.27%	3.63%	$645.55	$903.95	$594.86	$789.20
11/06/08	5.60%	5.28%	3.80%	$646.09	$907.53	$596.22	$791.68
18/06/08	5.87%	5.41%	3.82%	$659.01	$911.13	$602.57	$794.97
25/06/08	5.86%	5.38%	3.71%	$658.47	$911.23	$601.79	$795.59
02/07/08	5.85%	5.36%	3.75%	$656.85	$907.49	$599.70	$792.16
09/07/08	5.79%	5.29%	3.68%	$654.09	$907.07	$596.62	$791.82
16/07/08	5.78%	5.30%	3.73%	$653.55	$906.11	$596.62	$790.78
23/07/08	5.77%	5.28%	3.85%	$653.52	$908.26	$596.18	$792.18
30/07/08	5.78%	5.27%	3.81%	$653.94	$908.72	$596.34	$793.19
06/08/08	5.77%	5.28%	3.70%	$652.98	$906.45	$596.02	$791.54
13/08/08	5.71%	5.24%	3.61%	$649.73	$903.77	$593.40	$788.82
20/08/08	5.75%	5.25%	3.58%	$650.27	$900.70	$593.28	$786.47
27/08/08	5.65%	5.17%	3.52%	$646.67	$902.51	$590.46	$787.58
03/09/08	5.64%	5.17%	3.47%	$646.13	$902.91	$590.46	$797.90
10/09/08	5.61%	5.16%	3.45%	$645.60	$904.40	$590.46	$789.38
17/09/08	5.68%	5.18%	3.43%	$648.83	$904.96	$591.63	$790.05
24/09/08	5.81%	5.32%	3.66%	$655.90	$910.29	$599.12	$795.68
01/10/08	6.04%	5.59%	3.58%	$666.90	$912.71	$611.37	$797.98
08/10/08	5.85%	5.36%	3.75%	$656.85	$907.49	$599.70	$792.16
15/10/08	6.05%	5.60%	3.74%	$668.71	$918.40	$614.37	$805.50
22/10/08	6.10%	5.69%	3.60%	$671.91	$921.10	$618.63	$807.08
29/10/08	6.09%	5.67%	3.74%	$671.88	$921.76	$617.72	$807.54
05/11/08	6.24%	5.79%	3.74%	$679.79	$925.79	$624.37	$810.89
12/11/08	6.20%	5.74%	3.65%	$679.27	$930.90	$623.84	$815.80
19/11/08	6.06%	5.62%	3.50%	$672.71	$930.36	$618.44	$815.29
26/11/08	5.96%	5.56%	3.36%	$667.30	$927.39	$614.93	$812.15
03/12/08	5.93%	5.53%	3.15%	$665.63	$926.27	$613.27	$811.08
10/12/08	5.85%	5.46%	3.09%	$661.85	$924.05	$609.29	$808.86
17/12/08	5.86%	5.46%	2.87%	$661.85	$923.48	$609.29	$808.31
24/12/08	5.88%	5.47%	2.80%	$661.85	$920.45	$608.69	$805.89
31/12/08	5.89%	5.49%	2.69%	$661.94	$918.21	$608.86	$803.88

For older data, please choose from the following years:

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010