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

$7,988

DIA benchmark

Most flexible

FIA income rider

Strongest guarantee

FIA income rider

Income tradeoff view

Put the income number next to what you keep.

Monthly income only tells one part of the story. This view places each income path next to principal access, beneficiary value, and the tradeoff created by the contract structure.

Scenario read: DIA benchmark pays $1,971 more per month than the most flexible available path, FIA income rider; compare that gap with the principal-access and beneficiary terms shown below.

DIA benchmark

Can raise deferred guaranteed income, but usually requires committing premium before payments begin.

$7,988

monthly income

Vs most flexible

+$1,971/mo

Principal access

No principal access

Beneficiary value

Not available

FIA income rider

Most flexible

Keeps more contract control and beneficiary value when the rider and contract terms support it.

$6,017

monthly income

Vs most flexible

$0/mo

Principal access

Moderate flexibility

Beneficiary value

Not available

SPIA benchmark

Can maximize immediate guaranteed income, but usually trades away principal access.

$2,741

monthly income

Vs most flexible

-$3,276/mo

Principal access

No principal access

Beneficiary value

Not available

Path	Monthly income	Vs most flexible	Principal access	Beneficiary value
DIA benchmark	$7,988	+$1,971/mo	No principal access	Not available
FIA income rider	$6,017	$0/mo	Moderate flexibility	Not available
SPIA benchmark	$2,741	-$3,276/mo	No principal access	Not available

Comparison inputs

Compare available values without a composite winner score.

Income and beneficiary bars are relative to the highest value available in this scenario. Principal access reflects the liquidity category shown for each option.

Missing beneficiary figures stay marked “Not available”; they are never estimated from liquidity or another field. These indicators are not a product recommendation.

DIA benchmark

Deferred guaranteed income

Income$7,988/mo

Principal accessNo principal access

BeneficiaryNot available

FIA income rider

Income with more contract control

Most flexible

Income$6,017/mo

Principal accessModerate flexibility

BeneficiaryNot available

SPIA benchmark

Immediate guaranteed income

Income$2,741/mo

Principal accessNo principal access

BeneficiaryNot available

Cumulative income

The first payment is not the whole story.

This view estimates cumulative income paid over 5, 10, 15, and 20 years after each path begins. It helps separate headline monthly income from long-term payment timing.

Path	Starts	Year 5	Year 10	Year 15	Year 20
FIA income rider	Age 75	$361,016	$722,033	$1,083,049	$1,444,065
DIA benchmark	Age 75	$479,280	$958,560	$1,437,840	$1,917,120
SPIA benchmark	Age 60	$164,460	$328,920	$493,380	$657,840

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

$7,988

/month

National Integrity Life Insurance Company (W&S) · National Integrity Deferred Income Annuity

Liquidity: No principal access
Guarantee: Lifetime guaranteed
Fee or cost: No ongoing fees — income is fixed at purchase
Death benefit and control: Useful when a future income start date is known and principal access is less important.
What you give up: You usually give up access to principal during the waiting period and after payments begin.

Benchmark

SPIA benchmark

Immediate guaranteed income

Monthly income

$2,741

/month

New York Life Insurance and Annuity Corporation (NYLIAC) · New York Single Premium Immediate Annuity

Liquidity: No principal access
Guarantee: Lifetime guaranteed
Fee or cost: No ongoing fees — income locked at purchase
Death benefit and control: Useful as an immediate-income benchmark even when the plan is to defer income.
What you give up: You usually give up principal access in exchange for the immediate lifetime payment.

Income ranking

1. DIA benchmark

$7,988

2. FIA income ridermost flexible

$6,017

3. SPIA benchmark

$2,741

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	$7,988	No principal access	Lifetime guaranteed	No ongoing fees — income is fixed at purchase	You usually give up access to principal during the waiting period and after payments begin.
SPIA benchmark	$2,741	No principal access	Lifetime guaranteed	No ongoing fees — income locked at purchase	You usually give up principal access in exchange for the immediate lifetime payment.

Run your own version of this scenario

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

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Data freshness: July 16, 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.