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The payouts for immediate annuities depend on whether you choose a life annuity or a term-certain annuity. It also depends on the age and gender of the annuitant, or the person who receives the money.
In April 2024, the best fixed annuity rates from top insurers ranged from roughly 5.6 percent to 6.8 percent — not bad for a lifetime fixed rate of return. Other ways to classify immediate annuities
There are two main types of income annuities: Single-premium immediate annuity (SPIA): SPIAs are the most common type of income annuity. You pay a lump sum upfront, and the annuity company starts ...
Variable annuities are usually tied to market factors. So, if interest rates rise, your monthly payout might go up. The table below gives examples of what a $200,000 immediate, lifetime, fixed ...
When considering a $1 million annuity, you must understand the factors that influence monthly payments, such as whether the annuity is immediate or deferred, current interest rates and your life ...
Additionally, women often face higher costs for annuities due to longer life expectancies. To get a sense of potential annuity payments based on your lump sum, use an annuity calculator .
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