How Do Lifetime Annuities Work?

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    David RacichPRO
    Fountain Hills, Arizona
    The combination of mortality credits and the interest rate yield create a compelling reason to investigate lifetime income you can’t outlive. Generally speaking, annuities offer payout options to their policy owners. Some elect to take out withdrawals other predetermined schedules like ten years or twenty years certain. But a popular payout option in a non-qualified annuity is annuitization for the life of the annuitant based on his or her age. This is also the exclusion ratio where basis is amortized to life expectancy as part of the initial payouts.
     
    Answered on June 29, 2013
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    Ronald Hinch
    Regional Marketing Director, Capital Choice Financial Group,
    Lifetime annuities offer a payout for a lifetime. Usually, this requires annuitization for this to happen but a lifetime payout can be an option when an income rider is elected by the client. Annuities remain a great option for retirement dollars and variable annuities give the added growth potential with the possibility for an enhanced payout.
    Answered on April 12, 2016
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