| Calculate The Cost Of a Life Annuity (Enter your information) |
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Guarantee Period - Will pay for that period no matter if the person is alive or not. For example, if you have a 10 year guarantee period and the person dies in 7 years, for the last 3 years the payments will go to the beneficiary. If the person died in the 12th year, all payments would stop because the 10 year guarantee period has expired. Life Expectancy - Estimating life expectancy is more of an art than a science. To obtain an accurate quote, medical records must be submitted to the insurance companies. For purposes of estimation, use the following general guidelines: Normal to 30% less then normal: Obesity, drinking, smoking, loss of limb, severe back problems, mild brain damage, depression, lack of mobility, blindness, drug dependency, asthma, cancer in remission, loss of hearing or a combination of these 20% less then normal to 50% less then normal: Down's Syndrome, medium to severe brain damage, medium to severe cerebral palsy, paraplegic, quadriplegic, certain types of cancer, wheelchair dependent, mild to severe burns, heart disease, certain poisons, partially paralyzed, severe asthma, suicidal, severe drug dependency, loss of limbs, HIV positive 40% less then normal to 70% less then normal: Coma, severe quadriplegia, respirator dependent, severe brain damage, life threatening cancer, aids, paralyzed, cancer causing poisons such as arsenic or certain heavy metals, severe radiation, leukemia |
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