There is an additional factor that sometimes causes the itemized quotes to be lower than the estimated quotes. That's due to a state premium tax. You live in the state of California. Your state's Treasury deducts 2.35% from the premium when you purchase this type of annuity. If you go...
Ordinary Annuity:The payment or deposit of cash occurs at the year. Annuity Due:The inflow or outflow of cash occurs at the beginning. Perpetuity:The annuity which is everlasting. Others:Some other annuity types are fixed annuity and variable annuity. Formula: Where, n = number of years R ...