Annuity Worksheet

Type of Policy Single (worker only) Joint	Worker Female Male Nearest age	Beneficiary (if joint) Female Male Nearest age
Payments Growth rate (%/yr) Years deferred	Amount paid (if single) Worker alive	Amount paid (if joint) Both alive Only worker alive Only beneficiary alive
Annuity discount rate (% per year)	Worker mortality Life Insurance Applicants 0.75 Life, 0.25 Annuity 0.50 Life, 0.50 Annuity 0.25 Life, 0.75 Annuity Annuity Applicants	Beneficiary mortality Life Insurance Applicants 0.75 Life, 0.25 Annuity 0.50 Life, 0.50 Annuity 0.25 Life, 0.75 Annuity Annuity Applicants

=========> Present value of annuity