What Is An Annuity Calculator?
What Is An Annuity Calculator ? It is a tool that offers ways to meet financial goals by determining which type annuity can best meet your needs.
Have you ever wondered What Is An Annuity Calculator? The short answer is that an annuity calculator is simply a tool designed to turn calculating returns both convenient and easy. These tools allow an immediate answer to whether or not an annuity is the right choice for your financial goals. They can give you quotes on various annuities such as fixed annuities, equity indexed annuities, immediate annuities, variable annuities, and CD-type annuities.
To calculate annuities -
Estimate your life expectancy (you can get this figure at http://www.credit.com/vcapps/calc_lifeexp.jsp )
Ask for the annuitization rate.
Using the formula, calculate the annuity payment. Where P = Original principal, R = periodic interest rate, and N = total number of payments you receive. The formula is Payout = P x R x (1+R) exponent N/(1+R).
Take the easy route and use one of the calculators below.
These calculations are more satisfying and rewarding when done on your own, and annuity calculator can be found on many websites that are dedicated to finances, insurance, and investments. By doing the calculation prior to talking to an agent, you can determine what type of annuity you are interested in, what might or might not be suitable for your needs, and what exactly you Don’t understand about the process. Sometimes, knowing what you don’t know is as important as what you do know.
Annuity calculators -
Immediate Annuity Calculator
This calculator is used for estimating payouts for immediate fixed annuities.
Deferred Annuity Calculator
This calculator is used for estimating balances for variable and deferred fixed annuities.
Index Annuity Calculator
This calculator is used for back-testing equity indexed annuities against S&P 500 performance.
Annuity calculator by DollarTimes.com -
(This calculator will have a link back to DollarTimes.com)
Related posts
- What Indexing Method Does The Annuity Use?
- What Are The Different Types Of Annuities
- What Are Equity Index Annuities?
- What is an Annuity?
- Which Type Of Annuity Should I Choose?
2 Responses to “What Is An Annuity Calculator?”
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Great Post! I like this information a lot!
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