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A straight life annuity is a form of annuity that makes payments for a single person's life. It does not pay a death benefit, nor does it pay spousal benefits. The annuity payments end when the ...
In some circumstances, spouses can get survivor benefits before they turn 60 Disabled spouses 50 or older can be eligible, as can spouses of any age who are caring for a deceased person’s child ...
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 making payments to you shortly after that ...
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A survivors benefit can be paid to a surviving spouse as early as age 60, but the benefit paid at age 60 is only 71.5% of the benefit that would be paid when the survivor reaches full retirement ...
In some circumstances, spouses can get survivor benefits before they turn 60 Disabled spouses 50 or older can be eligible, as can spouses of any age who are caring for a deceased person’s child ...