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 Charitable Giving: Smart from the Heart Do you have causes that you want to support with donations? When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases. The Investment Risk No One’s Ever Heard Of You face a risk for which the market does not compensate you, that can not be easily reduced through diversification.