Chapter 14. Annuity settlement options
“Simplify, simplify, simplify.” | ||
| --Henry David Thoreau | ||
Very little about annuities are simple, and the various ways you can receive your money from an annuity is not an exception to this rule.
Lifetime-only payout
Perhaps the most basic form of an annuity payout is the option to take your payments in regular payments, usually monthly, for the rest of your life regardless of how long you may live. This is a particularly attractive option for people who need as much income as they can squeeze from their annuities and are not concerned about leaving money from their annuities for their children or others. Although this particular payout option provides for the highest payout, it also terminates at the death of ...
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