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 Message Thank you! Oops! Related Content When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases. Earnings for All Seasons Earnings season can move markets. What is it and why is it important? Estate Management 101 A will may be only one of the documents you need—and one factor to consider—when it comes to managing your estate.