What is an Annuity Due?
An annuity due is almost identical to a regular annuity. When you buy an annuity due contract, you make a deposit with an annuity company. In exchange for your investment, the annuity company agrees to give you monthly payments in the future. The main feature of an annuity due is the timing of its payments. A regular annuity makes its payments at the end of a period. If you have a regular, monthly annuity, you get your payment at the end of the month. An annuity due makes its payments at the beginning of the period. As a result, you receive your payment on the first day of each month.
Annuity Due Tables
The tables below show a premium amount of $100,000 registered funds with a purchase date June 1, 2012 & Start date June 1, 2012. Monthly income are listed below by age group.
Annuity Due | Single Male Table
Annuity Due | Single Female Table
Annuity Due | Joint Male Table
Annuity Due Calculator
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Annuity Due Quote Example
This is an example of an annuity due quote from a list of Canadian insurance companies.