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PDF version Annuities have been a popular subject this past year, with many end clients requesting more information.
To make the annuity process easier, we have launched a new Annuity SmartApp, no login required.
This new innovative tool will guide you to generate an annuity application and automatically prompt for any additional forms.
After the client signs you would submit the application and other applicable forms through your MGA.
Annuity SmartApp Link: BMO Annuity Online Application
BMO Annuity Quoting: CANNEX or BMO Wave Software Download
Annuity Pagers:
Annuity 101
Annuity Infographic
Sample Rates (Registered Assets 10 Year Guarantee)
Age | Male | Female | Joint |
60 | 6.50% | 6.16% | 5.70% |
65 | 7.15% | 6.72% | 6.15% |
69 | 7.72% | 7.25% | 6.58% |
70 | 7.88% | 7.40% | 6.71% |
75 | 8.54% | 7.92% | 7.14% |
Market Snapshot:
- Equity markets held firm this week amid a wide range of market-moving events.
- The Fed Open Market Committee (FOMC) left rates unchanged, as expected, but quashed some expectations of very near-term rate cuts; another flare-up of regional bank concerns reverberated through some pockets of the market; U.S. economic data were rock solid; and, for good measure, some large tech names like Meta posted strong earnings and announced some cash will be returned to shareholders—even tech investors love themselves some dividends.
- All in, the S&P 500 rose 1.4%, with consumer stocks leading the way, while the TSX dipped 0.2% on weakness in telecom and energy.
Market Commentary:
