Estimate your guaranteed monthly income from a lump sum, then call 1-800-MEDIGAP for live quotes from A-rated insurers.
What inputs does an immediate annuity calculator need?
An immediate annuity calculator needs four basics: your premium (the lump sum you deposit), your age, your gender, and the payout option you want. From these, it estimates a monthly income figure based on current interest rates and life expectancy tables. Older buyers and those choosing life-only payouts see the highest monthly amounts. The calculator output is an estimate; your binding quote depends on the specific insurer, the rate on the day you buy, and your state of residence. For exact figures, call 1-800-MEDIGAP and a licensed specialist will run live quotes from multiple carriers in one call.
How accurate are online annuity calculators?
Online calculators are good for planning but not for committing. They typically use average rates and may not reflect the strongest carrier on a given day or your state's specific pricing. Two calculators can show different results because each uses different assumptions. Treat the number as a ballpark within roughly 5-10 percent of your actual quote. The only way to get a guaranteed figure is a live quote from a licensed agent who shops current rates. Call 1-800-MEDIGAP (1-800-633-4427) and we will compare real, binding offers tailored to you.