Mary asks…
lincoln benefit life annuity rates?
Pension Forecast answers:
Think you’re asking in the wrong section…
George asks…
Real life example of an interest rate for a compounding annuity?
I need the details of a real life annuity to calculate some problems for a math project. I need the interest rate, compounding period and the bank that offers it.
Pension Forecast answers:
Go to this site, enter your state
http://personal.fidelity.com/products/annuities/taxdeferred/guaranteedRates_frame.shtml.cvsr?refpr=annufixdef14
Sandy asks…
struggling with annuity rates?
for a payment of $80,000 at age 65, the firm will pay the retiring professor $600 a month until death. if the professor’s remaining life expentancy is 20 yrs what is the monthtly rate on this annuity? what is the effective annual rate
Pension Forecast answers:
This is why they made financial calculators. The best fee one online is here:
http://www.arachnoid.com/lutusp/finance.html
there are instructions on the site.
If you do it right, the answer will be between 0.5% and 0.6% per month, and it works out to a little shy of 9% per year, with compounding.
Lisa asks…
What company is the best for whole life annuities?
just want to know the best for rates and fees and stability.
Pension Forecast answers:
It’s an alternative term for life annuity. A couple of companies that offer this kind are: newyorklife.com and sbli.com. It’s best to consult a financial adviser for this. And also read as much information you can about annuities. Good luck!
Susan asks…
A salesperson calls you up and offers you $200 a year for life.?
A salesperson calls you up and offers you $200 a year for life. If the interest rate is 9 percent, how much should you be willing to pay for that annuity?
Pension Forecast answers:
You need to find out what amount times 9% equals $200. Set up an equation. U is the unknown amount.
9% X $U = $200
$U = $200 divided by 0.09
$U = $2,222.22
You would pay no more than $2,222.22 for this dividend.
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The difference between the top and bottom annuity rates can be as much as 40%