Find out how the annuity formula works and how to calculate present and future value. Get a simple breakdown of key concepts.

There are different categories, which are explained in the table below ... companies give you a quote on the current value of your annuity with multiple payout options. Is it Better to Take ...

This is a table of future values and surrender charges ... income payment or take out cash withdrawals or pass down the annuity value to your spouse or other named beneficiaries.

Annuities are insurance contracts that provide regular income, immediately or in the future ... annuity, the payment amount also is determined by the buyer's life expectancy based on actuarial tables.

you may be able to borrow against the contract’s value. As a result, you can access funds without fully surrendering the annuity. Unpaid loans, however, can reduce your future annuity payments ...