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    David RacichPRO
    Fountain Hills, Arizona
    Single Immediate Annuities Payouts are determined by gender, age and the length of the payout, i.e. 10 years, 20 years, etc. But the most popular immediate payout is lifetime annuitization where the interest rate of return is combined with mortality credits based on the age of the annuitant. The additional tax benefit of a non-qualified immediate annuity annuitized payout is the exclusion ration which comprises part of the payment and represents the tax free distribution of basis.
      
    Answered on June 7, 2013
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