19
Canadian Life & Health Insurance Facts // 2021 Edition
Retirement solutions
Insurers paid out
$
46.2 billion in retirement
benefits in 2020
2020 2018 2016 2014 2012 2010
$
50B
$
40B
$
30B
$
20B
$
10B
$
32B
$
33B
$
42B
$
43B
$
49B
$
46B
Since 2010, benefits have
increased at an average
rate of
4%
per year
