Key Features To Consider:

 

Simplicity – Place your initial premium into this type of annuity and once you hit the predetermined payout age, you begin receiving income from the plan.  No market fluctuations to worry about!

Pricing Discount – Initial premium required can be significantly cheaper than other deferred annuity options that you later convert to an income stream.  See the following example:

Name

Current Age

Payment Start Age

Monthly Income Payment

Initial Deposit (Longevity Annuity including a  Return of Premium feature*)

Initial Deposit (Standard Deferred Annuity)

Miguel

60

80

$3,742

$100,000

$147,000

Miguel

60

85

$7,324

$100,000

$195,000

Maria

60

80

$3,253

$100,000

$135,000

Maria

60

85

$6,152

$100,000

$172,500

*Return of Premium feature allows your beneficiary to receive a refund of premium up to the amount you initially deposited should you pass away prior to receiving at least the amount you deposited.  See specific contract rules for further detail.