Lifetime Retirement Income No Matter How Long You Live
An appealing feature of fixed annuity income may be that it’s easy to under-stand how the amount you’re receiving is calculated. It is based on: The dollar value of the contract when income payments start Interest earnings guaranteed in the contract Annuity tables that project your life expectancy based on your age As a rule of thumb, the larger your contract value and the older you are when you begin to receive income, the larger each payment will be. On the other hand, with a fixed annuity payout, the amount […]
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