CANNEX

When Should I Buy an Income Annuity? (ILY™)
 
The Implied Longevity Yield™ (ILY) measures the yield (or return) you would need to receive from an alternative investment in order to keep up with the income generating capability of an income annuity. This analysis provides a perspective on when it might be the right time to buy an income annuity.
 
Income Annuity Information
 
Annuity Type
Select the type of annuity that you are interested in
Single Life
Joint Life

Age
Select the age that is closest to your own
60 years old
75 years old

Premium
Select the amount of money that you would like to invest in an income annuity
$60,000
$250,000