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The annuity being offered is from my former employer. It is a single life annuity, i.e., when I die, payments stop. There are no fees that I have found. They are simply taking the lump sum cash balance of my retirement account ($87,000) and paying it to me as an annuity for a female beginning at 52 ($469/month). They are using the 1994 Group Annuity Reserving mortality table; I can't figure out what my life expectancy is under this; does anyone know? Then I would have the "number of years" value for calculating the net present value.
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