Annuity Table

What Does Annuity Table Mean?

Annuity tables are used to determine the current value of annuities by considering the amount of money paid into the annuity and the duration for which payments have been made.

These tables are particularly relevant to the insurance industry, as annuities are often included as part of life insurance policies.

Insuranceopedia Explains Annuity Table

Actuaries and other insurance professionals frequently use annuity tables for calculations. Generally, the longer someone contributes to an annuity and the larger the contributions, the higher its current value.

Annuities can serve as a reliable way to generate a fixed income for retirement.