Immediate Annuity Calculator
An immediate annuity is a product sold by insurance companies that is designed to provide you with an income stream for life. The income, by definition, is designed to start immediately - although some immediate annuities allow you to defer payments for up to one year. It is very important to remember that once you setup an immediate annuity, you no longer control the money you put in it. Likewise, while the income stream is guaranteed for your lifetime, an untimely death will not result in any money being returned to your estate. This calculator is designed to help you estimate your monthly payments from an immediate annuity.
- Amount to invest
The amount you wish to invest in your immediate annuity.
- Your life expectancy
The number of years you expect to live and receive payments.
- Annual rate of return
The annual rate of return for the immediate annuity.
- Frequency of payments
How often payments are made to you from the immediate annuity. Options include monthly, quarterly and annually. This calculator assumes that your distribution occurs at the beginning of each period.
This calculator is strictly intended to be an educational tool and should not be relied upon to determine your final liability for IRS compliance purposes. It is neither intended as investment advice nor should it be used to make investment decisions
Presidential Life Insurance Company, Inc. and its affiliates do not provide tax and/or legal advice and the availability of this calculator should not be construed as providing tax and/or legal advice. Please consult your tax and/or legal counsel for professional guidance regarding all Federal and State laws before making any financial decision.