What is the difference between fixed and variable annuity?

While a fixed annuity guarantees payment of a set amount for an agreed annuity term, a variable annuity can fluctuate depending on the returns realized by the mutual funds it is invested in. How to use the variable annuity payment calculator? You need to provide the below parameters to apply the variable annuity payout calculator.

How do I calculate my variable annuity?

You can use this variable annuity calculator to estimate your annuity’s future value simply by filling out the information required. You’ll provide details including your current age and tax rate, as well as the age and tax rate you’ll be at when you intend to start withdrawing from your annuity.

What is a variable annuity?

A variable annuity is an insurance product that accumulates value based on the performance of the portfolio that the annuity is invested in. When the annuity matures, the contract is converted into a lump-sum payout or stream of payments. What affects a variable annuity’s performance?