Life Annuities

A life annuity is a retirement income investment purchased through a life insurance company that is guaranteed to last for your lifetime. Along with a lifetime annuity you can also set a guaranteed period, stating a minimum period that the income must be paid. If you were to pass away before the guaranteed period expired, the payments would continue to a beneficiary.

Life annuities are beneficial because you can select how often you want to receive payments — monthly, quarterly, semi-annually, or annually. They also allow you the option of regular increases for income, as this income stream is designed to last for a long time. Additionally, you can select to continue paying the income stream to another person, such as your spouse, after your death. Click and see what amount an immediate annuity will pay you each month.