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Old and new in dollars

Put the old contract and the new quote side by side, in dollars, when the contract is for income. The tool is for your preparation only.

Do it in Genius

Income rider calculator Start income at age Payout Type

Practice Client, 3 Nov 2026: the calculator opens with $150,000, start age 68, Female. Match start age and Payout Type to the old contract.

Rates change every day, so yours will differ.

Open Income rider calculator in Genius (opens the app in a new tab)

In the app: Calculators → Income rider calculator

  1. 1.

    Type the old contract: account value, surrender value, the MVA on its own line, and the old yearly income.

    MVA
    Market value adjustment. It can raise or lower an early exit payout. Rising rates tend to lower it. The contract's formula decides.

    Ask the carrier for the surrender value and the MVA, dated today. The MVA can raise or lower it.

  2. 2.

    Copy Run the new quote on into the premium in Calculators, Income rider calculator.

    Use the old contract's start age and single or joint. Then type the new yearly income back in.

  3. 3.

    Read Income change. Then tick what the client would give up, and what else to check.

    No extra income: keep it, unless the client's goal is not income. Next comes the replace or keep test.

  4. 4.

    Check it against GrantAI: More, Annuity replacement. It asks for the contract year, any rider and the current income value.

    Income value on the statement
    The old contract's income base. It is not cash.

    GrantAI's pick pays $13,594 on her numbers. The calculator's top row pays more, so run both. Replace only if the gain clearly beats the cost of leaving.

The old contract against the new quote

For your preparation only. Do not show, print or send this page. In a replacement, what you give the client counts as sales material.

Study calculation, not a quote. The starting numbers are made up: type the product's own. It is not an insurer's illustration; that comes only from the insurer or software it has authorized. Show the client that one.

Old contract

From the statement.

After the charge, the MVA and other holdbacks, from the carrier.

Minus if it lowers the payout. 0 if none.

Take it from the contract's rider page, the statement, or the carrier's in-force illustration. Never from a new quote.

New quote

From Income Rider Calculator, run on the amount below.

Years, from the new contract's schedule.

What the client would give up

Ask the carrier.

The old rider pays something the new one may not.

Use the years above.

Also check

It is a security.

Ask before you quote.

Forms and comparisons vary by state.

  • Quote only with every input the app asks for, dated today.
  • Same start age, same single or joint, on both sides.
Given up by leaving
Share of the account value
Charge and other holdbacks, MVA aside
Run the new quote on
Income change a year
Income change, share of the old income

Your preparation notes

Income note
MVA note
Variable annuity note
Bonus note
Rider note
Surrender period note
Cash note
Form note

Fix the numbers above to see the result.

How it is worked out

What leaving gives up is the account value less the surrender value, in dollars. The new quote runs on the surrender value, not today's value. The income change is the new yearly income less the old one. The MVA can raise or lower what the client gets. The charge and other holdbacks are the account value plus the MVA, less what the carrier pays out. A bonus the carrier takes back is inside them. Tax and rider benefits are not counted. A bonus the carrier does not take back at surrender is not counted either. Both incomes must come from the same start age and the same single or joint choice.

The tool does the math in your browser and does not store what you type. No names or contract numbers needed.

You're done when you know, in dollars, what leaving costs and what yearly income the client gets for it.
Watch out: This page is for you, not the client. Give the client your state's replacement forms and the carriers' own figures.
Sources