D Return of Full Value Based on Life Expectancy
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D Return of Full Value Based on Life Expectancy

Program

Manual Section

ALTCS

FTW - ALTCS

MA902

 

Procedures

Use the steps below to determine if an annuity will return full value: 

Step

Action

1

Using the Period Life Table (from socialsecurity.gov), find the annuitant’s age in the “Exact Age” column on the left.

2

Follow the row for that age across to find the life expectancy in years for the annuitant’s gender.

3

Multiply the life expectancy number by 12 to get the life expectancy in months.

4

Multiply the number of months from Step 3 by the monthly annuity payment.

5

Subtract the result from Step 4 from the purchase price of the annuity. 

  • If the result is zero or less, it meets the requirement to return the full value within the annuitant’s life expectancy.

  • If the result is greater than zero, it does not meet the requirement to return the full value within the annuitant’s life expectancy.