What Are Annuities Paying Right Now?

  1. 180 POINTS
    James E. Tome
    That is a complex question, if you defer payments even just a few years you can get an income rider that will pay out for your entire lifetime. Growth rates depend on whether it is a fixed annuity, or indexed, if it is lifetime payout, there is a table based on the age you begin distributions. Every year you defer income you get a larger % payout. Fixed annuities are paying 1-2%, deferred indexed annuities can come with income riders of 4-10%. Once distributions begin the income riders usually go away, but some products allow you to take income, while allowing the remaining funds to continue to grow. These new lifetime withdraws, are not Annuitizing, & allow any funds to be passed on to beneficiaries. Also many annuities now have a rider that doubles, or triples the account value, if you need to go into a nursing home. If your account value reaches zero, & you leave the nursing home. Your lifetime income continue at the same level as prior to going into the nursing home.
    Answered on June 18, 2013
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>