Advanced Annuity Calculator

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  • Enter only one of the following:

  • Optional: For a 2-person annuity (joint lives)

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This is an advanced annuity calculator. With it you can calculate either:

(a) how much monthly income you'll receive from an Investment amount you enter, or,

(b) how much you'll need to invest in order to receive the Monthly Income amount you enter.

To start, select your Age, Gender, State of Residence, and Income Start Date.

If you'd like a calculation covering yourself and a spouse, select your spouse's age and gender too.

Next, enter a dollar amount in only one of the two boxes labeled Investment or Monthly Income. Then click Calculate. Your quote appears instantly on the next page.

If you have any questions about your quotes or annuities in general call 800-872-6684.

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Comments (10)

  1. Michael:
    Jun 04, 2015 at 11:35 AM

    Thanks Hersh. Is there an advantage to selecting the Joint Plan with cash refund to your heirs instead of buying a single life for a married man and leave the refund to his wife?

  2. Hersh Stern:
    Jun 04, 2015 at 11:36 AM

    Hi Michael,

    Good to hear from you again.

    You asked about the advantage of selecting a joint plan with cash refund to beneficiaries versus a single life annuity for a married man with cash refund to his wife...

    The big difference is that the joint annuity would continue to make payments for as long as your wife was living. The single annuity for yourself does not make payments to your wife other than the lump sum on your death (if you died before $400k had been returned to you.)

    The advantage of the single life annuity is that for as long as you’re living you will receive a higher monthly amount than you would have been paid from a joint annuity which covered your wife, too.

    For comparison purposes I calculated the difference to be almost $300 per month:

    Single life (male) with cash refund: $2,271 (Guardian Life)

    Joint life (male + female) with cash refund: $1,977 (Nat’l Integrity)

    Take care and call me if you have more questions.


  3. Tom:
    Oct 19, 2015 at 09:33 AM

    If I purchase an immediate fixed indexed annuity and I die in a few years, what happens to the remaining principle?

  4. Hersh Stern:
    Oct 19, 2015 at 09:34 AM

    Hi Tom,

    Your question combines two different types of annuities which do not exist in combination. So I’ll separate them into their distinct categories:

    If you own a FIXED INDEXED annuity, which is a type of DEFERRED (not immediate) annuity, on your death the account value goes to your beneficiaries.

    If you own an IMMEDIATE annuity (that’s not an INDEXED annuity), then if you originally purchased a Cash or Installment Refund option, the remainder of the original premium not paid out to you would be paid to your beneficiaries.

    PS – I’m assuming your use of the word INDEXED was not a reference to a CPI Index or cost of living adjustment.


  5. Michael:
    Jul 18, 2018 at 08:22 AM

    You sent me quotes for a $400k joint annuity. What survivor benefits apply to these quotes?

  6. Hersh Stern:
    Jul 18, 2018 at 08:22 AM

    Hi Michael,

    The survivor benefits in the quotes I sent you included the following provisions:

    1. Monthly income of $1,977 will be paid to you and your wife for as long as either of you is living. This means that after the first one passes away, UNREDUCED payments will continue to the surviving spouse.

    2. The cash refund feature in your quotes add the guarantee that should both you and your wife die untimely before the insurance company had paid your full $400,000 premium, the company would then send checks to your beneficiaries in the amount of the difference between $400k and how much total income you both had received while living.

    For example, say you both died (at once or sequentially) and only $300k had been paid to you. The insurance company would pay the $100k balance to your beneficiaries.

    3. Of course, if one or both of you are living even after $400k had been paid to you, the company would continue to pay you $1,977 for as long as one of you was living. Payments only stop after the second person (“survivor”) had died and after a minimum of $400k had been paid to you and/or your beneficiaries.


  7. Michael:
    Apr 18, 2019 at 11:18 AM

    I am a 67 year old and my wife is 63. We are considering purchasing a non qualified immediate annuity with a pay in of $250,000 to $300,000. I have read pros and cons of building in a 3% annual increase (or a CPI increase) with some authors writing that the cost does not justify the benefit under either scenario.

    We have other assets. This annuity would add some certainty to our income stream.

    Any advice is appreciated.

  8. Hersh Stern:
    Apr 18, 2019 at 11:19 AM

    Because cost of living adjustments (COLAs) reduce immediate annuity payments so much on the front-end, most of our clients decide not to include them. Having a COLA on your immediate annuity makes it so you have to live beyond your life expectancy to break even. That being said, we still have a number of clients who include COLAs because they believe they will live beyond their life expectancy (based on their personal health and family history).

    As an alternative to purchasing an immediate annuity with a COLA, you can also stagger (or ladder) your purchases. In other words, you can purchase additional immediate annuities down the road, as needed, to cover increases to your living expenses. This method is especially beneficial if interest rates are also increasing during your laddering period.


  9. Keith:
    Sep 23, 2019 at 08:38 AM

    I want to know how much I need to bring home 1700.00 a month. And at what age. I’m retiring at January 12 2020. At the age of 56.

  10. Hersh Stern:
    Sep 23, 2019 at 08:39 AM

    Hi Keith,

    There are are a few extra factors needed to know what the amount would be. For instance, I would need to know what your current date of birth is, what state you reside in, and the source of funds for the annuity.

    You can use the above calculator to determine what the cost would be by inputting that information and clicking "Calculate".