Life Annuity Calculator

Life Annuity Calculator, calculates immediate annuities. Annuities are investment options, where in, if a lumpsum amount is invested, monthly payments are paid to you immediately. Annuities are a type of insurance, and payments are available for life, which are guaranteed by the insurance company from which you buy them.

Note: Change any value and click anywhere to recalculate.


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Single Life Annuity - This annuity provides guaranteed income for the life of one person(i.e annuitant) only. With Single Life Annuity, all income payments cease when the annuitant dies.

Single Life Annuity with Cash Refund - This Annuity, like Single Life Annuity provides guaranteed income for the annuitant’s lifetime. However, if the annuitant dies before receiving an amount equal to the original premium then the difference between the premium and the total payments received will be paid in one lump sum to the designated beneficiary. This annuity provides less income than Single Life Annuity.

Single Life Annuity with 10 Year Certain - This Annuity, like Single Life Annuity provides guaranteed income for the annuitant’s lifetime. However, if the annuitant dies before the end of 10 years, payments will be paid to the designated beneficiary until the end of the 10 year period.

50% Joint and Survivor - This Annuity provides reduced monthly income that is payable to you for the rest of your life, and upon your death, your named survivor will receive 50% of the amount you were receiving. This survivor benefit will be payable for the lifetime of your named survivor.

This option provides some survivor coverage, and the amount payable to you is greater than if you choose 100% Joint and Survivor option, but less than if you choose the Single Life Annuity.

50% Joint and Survivor with Cash Refund - This Annuity provides reduced monthly income that is payable to you for the rest of your life, and upon your death, your named survivor will receive 50% of the amount you were receiving. However, if both the annuitant and survivor dies before receiving an amount equal to the original premium then the difference between the premium and the total payments received will be paid in one lump sum to the designated beneficiary.

100% Joint and Survivor - This Annuity provides reduced monthly income that is payable to you for the rest of your life, and upon your death, your named survivor will receive the same(100%) amount you were receiving. This survivor benefit will be payable for the lifetime of your named survivor.

This option provides maximum survivor coverage, but results in lower monthly payments during your lifetime.

100% Joint and Survivor with Cash Refund - This Annuity provides reduced monthly income that is payable to you for the rest of your life, and upon your death, your named survivor will receive the same(100%) amount you were receiving. However, if both the annuitant and survivor dies before receiving an amount equal to the original premium then the difference between the premium and the total payments received will be paid in one lump sum to the designated beneficiary.

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Your Age: Your current age.

Your Spouse's Age: Your Spouse's Age. This is used to calculate joint Annuities.

Lumpsum Amount you like to invest: This is the money you like to invest to buy an annuity.

Interest rate: This is the interest rate at which your retirement money grows even as you make withdrawals out of it.

Level Annuities: A Level Annuity is the one which pays the same income each year for the rest of your life.

Increasing Annuities: An Increasing Annuity is designed to pay income which rises by a set percentage each year for the rest of your life.






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Disclaimer: Information on this web site should be used as a guide only. We encourage you to obtain your Retirement information from financial professionals.