Annuity Comparison This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year. You are viewing this website at a small screen resolution which doesn't support calculators. Click here to view this calculator. Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Content Is Term Life Insurance for You? Term insurance is the simplest form of life insurance. Here's how it works. Critical Estate Documents Sound estate management includes creating financial and healthcare documents. Here's an inside look. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases.