Definition - What does Annuity Table mean?
Annuity tables are used to find out the current value of annuities. These tables take into account the money that has been paid into the annuity and for what period of time.
These tables are relevant to the insurance industry, since annuities are often offered as part of life insurance policies.
Insuranceopedia explains Annuity Table
Actuaries and other insurance professionals often use annuity tables to make calculations. In general, the longer someone has paid into an annuity, and the more they have paid into it, the higher its current value.
Annuities can be a way of creating a fixed income for retirement.
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