Key Takeaways A $1 million annuity could pay $6,073 a month for a 65-year-old woman purchasing an immediate single life annuity.
Annuity providers calculate the monthly payout of a $1 million annuity based on factors such as the type of annuity and the annuitant’s age and gender.
The older you are when you start to receive payments, the larger those payments will be, and men’s payments will be larger than women’s since women live longer. Annuity.org used data from Cannex , an independent company that provides access to a database of updated annuity products, to calculate the expected monthly […]
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