How can you calculate a life annuity payment if you invest $500,000 and expect to live 20 years?
Annuity payments are calculated at the time you purchase the annuity. There are various factors that affect annuity payments – one of the main factors is the current interest rate. Learn more about factors that can affect annuity income.
Speak to an annuity provider to learn how the payment is calculated, and what you can expect to receive. Annuities are insurance products. Insurance providers are regulated by province or territory. In Ontario this is the Financial Services Commission of Ontario (FSCO).