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When comparing annuity payout options, consider these factors. Life expectancy: Your life expectancy plays a major role in determining the most suitable payout option. For example, life-only ...
The payout option you choose will determine what happens to the remaining funds in your annuity after you pass away. You may be able to name a beneficiary to your contract, at an additional cost.
Some pension plans offer a hybrid option that combines the benefits of both a lump sum and an annuity. For example, you might choose to take 30 percent of your pension as a lump sum and convert ...
While its fixed annuity minimum premiums tend to be higher than most competitors on this list ($25,000), Pacific Life provides a wide range of options, including fixed, immediate, index and ...
But another option is an annuity, which is designed to provide a steady source of income throughout your retirement. ... Payout phase: In the payout (or annuitization) phase, you start getting ...
Managed payout fund: A managed payout fund is similar to an annuity, but there is no guaranteed rate of return on your money. Managed payout funds are a type of mutual fund that can yield anywhere ...
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