Annuities
 You may want to use:

                            
                            The Annuity Calculator , to estimate annuity payments.
                                                     or
                            The Pension Estimator , for more comprehensive retirement planning.
                           
                           Amortization Schedule Calculator
    
                           Retirement Withdrawal

                           Income Calculator

                           Income Growth

                            Debt Ratio

                           Savings Calculator

 Level payments:

The level payment options pay you constant amount and will not increase over time.As a result the payments may end up as being inadequate during the later years of your life due to cost of living increase.( you may have to continue to save).

Increasing payments:

In the increasing payments option, the payments are increased upto 3%,(depending on insurance company, you choose) with change in consumer price index.

            Annuities are insurance products, where-in you can invest a lumpsum amount, and in turn the insurance company pays you monthly payments for the rest of your life. The payments are gaurenteed by the insurance company and will never runout, as long as the insurance company is solvent. Annuities are available as level payments and increasing payments.

  Single life annuity with 10-year certain:

This annuity is paid to you until your life, additionally,if you die within 10 years of the start of your annuity, your beneficiary will receive the payments for the remaining portion of the 10-year period.

  100% joint and survivor with cash refund:

This annuity is paid to you or your spouse until both of your die. When either of you die, 100% of monthly payments will be paid to you or your joint annuitant. Additionally, if you (and your joint annuitant) die before receiving enough payments to equal to the amount of the account balance used to purchase the annuity, your designated beneficiary will receive a cash refund equal to the difference between the sum of the payments made and the annuity purchase price.

  100% joint and Survivor:

This annuity is paid to you or your spouse until both of your die. When either of you die, 100% of monthly payments will be paid to you or your joint annuitant.

  50% joint and Survivor with cash refund:

This annuity is paid to you or your spouse until both of your die. The monthly payments will be reduced by 50% to you or your joint annuitant when either one of you die. Additionally, if you (and your joint annuitant) die before receiving enough payments equal to the amount of the account balance used to purchase the annuity, your designated beneficiary will receive a cash refund equal to the difference between the sum of the payments made and the annuity purchase price.

  50% joint and Survivor:

This annuity is paid to you or your spouse until both of your die. The monthly payments will be reduced by 50% to you or your joint annuitant when either one of you die.

  Single life annuity with cash refund:

This annuity is paid to you until your life, additionally,if you die before receiving enough payments equal to the amount of the account balance used to purchase the annuity, your designated beneficiary will receive a cash refund equal to the difference between the sum of the payments made and the annuity purchase price.

  Single life annuity:

This annuity is paid to you until your life, and the payments stop afterwards.

    
Annuities come in several optional forms of payment:
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