Plan Your Retirement With A Lifetime Annuity

One of the most difficult aspects of retirement planning is figuring out how much money you will have on a regular basis. Some people like the idea of an immediate annuity because they will have a generally reliable income stream on a regular basis.

A lifetime annuity typically lasts for the rest of the recipient's lifetime although some lifetime annuities can have fixed time periods. The life insurance company guarantees that you will receive this income for your lifetime, even if the funds put into the annuity have been completely depleted.

Depending on the type of contract you have with your insurance company, leftover funds may be distributed to beneficiaries, or the payments may simply stop when you are deceased. To get multiple annuity quotes from life insurance providers in your area, use the online form.

Sources

What is a lifetime annuity? Retrieved May 19, 2008 from http://www.iii.org/individuals/annuities/types/lifetimeannuity/