The Society of Actuaries (SOA) developed the Annuity Factor Calculator to calculate an annuity factor using user-selected annuity forms, mortality tables and projection scales commonly used for defined benefit pension plans in the United States or Canada. This tool is designed to calculate relatively simple annuity factors for users who are accustomed to making actuarial calculations for defined benefit pension plans in the United States or Canada.
The Annuity Factor Calculator is not intended to replace actuarial valuation software or similar software used in the administration of defined benefit plans or pricing of insured annuities, and should not be used for such purposes.
For more information about technical terms as defined for use with this calculator, please see the Technical Terms.
Contact [email protected], with any questions or comments about the Annuity Factor Calculator.
I have read the Disclaimer and I accept the Terms & ConditionsThe Annuity Factor Calculator allows users to select any of the mortality tables listed below. For some of the tables, reports and background material are available. In addition, the tables are available in electronic form.
The Annuity Factor Calculator allows users to select any of the mortality projection scales listed below. For some of the projection scales, reports and background material are available. In addition, the projection scales are available in electronic form.
The SOA makes no warranty, guarantee or representation, either expressed or implied, regarding the Annuity Factor Calculator (“Calculator”), including its quality, accuracy, reliability , or suitability and HEREBY DISCLAIMS ANY WARRANTY REGARDING THE CALCULATOR’S MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE.
SOA makes no warranty that the Calculator is free from errors, defects, worms, viruses or other elements or codes that manifest contaminating or destructive properties.
In no event shall SOA be liable for damages (including any lost profits, lost savings, or direct, indirect, incidental, consequential or other damages) in connection with or resulting from the use, misuse, reliance on, or performance of any aspect of the Calculator.
The user assumes all responsibility for the use or misuse of the Calculator.
The definitions and descriptions below apply to the Society of Actuaries Annuity Factor Calculator (AFC). These terms may have different definitions or applications in other contexts, including other materials or products prepared by the Society of Actuaries or other actuarial organizations.