Reversionary Annuity EPV Calculator
Calculate the expected present value of an annuity payable while the second life survives after the first life has died, assuming independent lives.
Description
Calculate the expected present value of an annuity payable while the second life survives after the first life has died, assuming independent lives.
Reversionary Annuity EPV Calculator provides a focused, reproducible calculation with explicit inputs and a deterministic result. Calculate the expected present value of an annuity payable while the second life survives after the first life has died, assuming independent lives.
Use for an annuity payable while the second life is alive after the first life has died.
When to use Reversionary Annuity EPV Calculator
Use for an annuity payable while the second life is alive after the first life has died.1
How the calculation works
Calculate the expected present value of an annuity payable while the second life survives after the first life has died, assuming independent lives.2
EPV = B(äsecond − äjoint) Inputs and interpretation
Keep every input on the same valuation, timing, unit, and assumption basis. Interpret the output at the precision supported by those inputs rather than treating extra decimal places as additional certainty.
Limitations and assumptions
This direction matters: no payment arises merely because the second life dies first. Independence and constant rates are assumed.
References
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Supplementary Notes for Actuarial Mathematics for Life Contingent Risks — Society of Actuaries
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Actuarial present value — Wikipedia contributors
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