The Official Annuity Calculator

Most accurate annuity calculator on the Internet.

By Ivon T Hughes

February 11, 2014

official annuity calculator — Figure 1. Official Annuity Calculator

Let me begin by saying that there are dozens of websites on the Internet such as Bankrate.com and CNN Money promoting their annuity calculator tool. I must stress that these annuity calculators are basic term certain annuity rates where you select a fixed period to receive your income, but with no life guarantee.

Their annuity calculator do not provide life annuity rates. You enter a principal amount, projected growth rate, and the number of years which then provides you with a fixed income for that period. That is a term certain annuity, not a life annuity.

Below is an example of an Immediate Annuity Calculator that many of these sites promote but obviously provide no meaningful income figures.

Remember an annuity rate is based on the sex, date of birth of the annuitant, the capital amount and a guarantee period you require, if any. These online annuity calculators do not have these fields or that capability.

Our Official Annuity Calculator

Our annuity calculator, is THE OFFICIAL ANNUITY CALCULATOR because we use actual annuity illustration tools that are provided by the numerous insurance companies we represent. By using our annuity calculator we provide you with a comparison table of the top annuity rates.

When it comes to calculating your annuity income we manually enter your personal information into each annuity calculator. Software is updated automatically with the current annuity rates. You get an accurate figure, a figure which the annuity company will guarantee for 24 hours at least.