Joint & Survivor Options: Reduction %, Survivor Factors & Household Value
This lesson is part of the course
In this lesson
You compare Maya's single-life pension with 50 %, 75 % and 100 % joint-and-survivor options for her husband Daniel: the reduction for each, two annuity factors from survival probabilities and the expected value for the household.
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Lessons in this course
- Present Value of a Level Annuity at Different Discount Rates Locked
- The Annuity's Implied Return: RATE by Age at Death Locked
- Break-Even Age: When Cumulative Payments Overtake the Lump Sum Locked
- Mortality-Weighted Value: Survival Probabilities × Payments Locked
- Inflation: COLA vs Fixed Annuity in Real Dollars Locked
- Drawdown from the Lump Sum: Balance Path, Run-Out Age & a Chart Locked
- Probability of Running Out: Return Scenarios & a Weighted Shortfall Locked
- Joint & Survivor Options: Reduction %, Survivor Factors & Household Value Locked