The reverse annuity contracts and reverse mortgages are different and competitive products,
often mistakenly identified with each other. The purpose of the article is to compare the
products and an overview of their advantages and disadvantages, both for the individual
person and married couples. The matrix formulas of the calculating of the benefits value are
presented (under the assumption that the future lifetimes of married couples are
independent). The calculation of present values is based on the fixed interest rate and the …