What Are Life Annuities?

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   David RacichPRO

   Fountain Hills, Arizona

   Assuming you’re addressing annuities that use the life only option, here are a few talking points. Non-qualified deferred annuities are generally purchased to produce income later on in the life of the annuitant. One option is life only, which generates a guaranteed stream of income for the life of the annuitant, no matter how long they live. You can also purchase an immediate annuity with the same life only option.
     

   Answered on July 6, 2013

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