Example scenario result

Annuity Payout Calculator Result: $500,000 joint-life deferred income comparison for New York

New York joint-life scenario: age 60, income starting at age 75, premium $500,000. This example shows the income, liquidity, guarantee, cost, and principal-control tradeoffs without requiring a form submission.

Educational estimate—confirm before acting.

These figures are estimates for comparison only. A licensed financial advisor or insurance professional must confirm actual carrier quotes, state availability, rider terms, and whether a contract fits your situation before you act.

For comparisons that require a flat account-crediting path, AdvisorWorld currently uses a 5% assumed annual credited rate. Contractual rider roll-up rates are income-base mechanics, not guaranteed market returns.

Highest monthly income

$6,017

FIA income rider

Most flexible

FIA income rider

Strongest guarantee

FIA income rider

Most flexible

FIA income rider

Lifetime income with contract flexibility

Monthly income

$6,017

/month

Fidelity and Guaranty · FGNY Index-Choice 10

Liquidity: medium flexibility
Guarantee: Lifetime guaranteed
Fee or cost: No rider fee
Death benefit and control: Often preserves contract value access, beneficiary value, and room to change course.
What you give up: Monthly income can be lower than a pure income-only contract, and rider fees can apply.

Benchmark

Annuitization

Contract conversion benchmark

Monthly income

Not available

Liquidity: No principal access
Guarantee: Annuitized lifetime income
Fee or cost: No separate rider fee; premium is annuitized
Death benefit and control: Converts contract value into a lifetime payment stream from the insurer.
What you give up: Current annuitization income is temporarily unavailable for these inputs.

Benchmark

DIA benchmark

Deferred guaranteed income

Monthly income

Not available

Liquidity: No principal access
Guarantee: Lifetime guaranteed
Fee or cost: No ongoing fees
Death benefit and control: Useful when a future income start date is known and principal access is less important.
What you give up: Current deferred-income estimates are temporarily unavailable for these inputs.

Benchmark

SPIA benchmark

Immediate guaranteed income

Monthly income

Not available

Liquidity: No principal access
Guarantee: Lifetime guaranteed
Fee or cost: No ongoing fees
Death benefit and control: Useful as an immediate-income benchmark even when the plan is to defer income.
What you give up: Current immediate-income estimates are temporarily unavailable for these inputs.

Income ranking

1. FIA income ridermost flexible

$6,017

The highest-income and most-flexible paths are labeled separately. The tool does not combine them into a subjective winner score.

Whole-income decision table

Path	Monthly	Liquidity	Guarantee	Cost	What you give up
FIA income rider	$6,017	medium flexibility	Lifetime guaranteed	No rider fee	Monthly income can be lower than a pure income-only contract, and rider fees can apply.
Annuitization	Not available	No principal access	Annuitized lifetime income	No separate rider fee; premium is annuitized	Current annuitization income is temporarily unavailable for these inputs.
DIA benchmark	Not available	No principal access	Lifetime guaranteed	No ongoing fees	Current deferred-income estimates are temporarily unavailable for these inputs.
SPIA benchmark	Not available	No principal access	Lifetime guaranteed	No ongoing fees	Current immediate-income estimates are temporarily unavailable for these inputs.

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This example is a starting point. The calculator lets you change age, state, premium, and life type.

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Data freshness: August 11, 2026. Estimates are based on available product and quote data and are for education only. They are not financial advice, a recommendation, or a carrier-approved illustration. A licensed financial advisor or insurance professional must confirm the actual quote, contract terms, state availability, and fit before you make a decision. Guarantees are backed by the issuing insurance company, not AnnuityRatesHQ or AdvisorWorld.