Annuity Payout Calculator
Payout Options
Payout Analysis
Periodic Payout
$0
Per monthly
Annual Payout
$0
Payout Rate
0.00%
Break-even Age
0
Understanding Annuity Payout Options
Annuity payout options determine how and when you receive your annuity payments. Different options can significantly affect your payment amount and the total value you or your beneficiaries receive.
Types of Payout Options
Life Only
Provides the highest periodic payment but payments stop at death with no continuation to beneficiaries. Best for maximizing income if you don't need to provide for others.
Period Certain
Guarantees payments for a specific period. If you die before the period ends, your beneficiary receives the remaining payments. Provides certainty but may offer lower payments than life-only.
Factors to Consider
- Your life expectancy and health condition
- Need for guaranteed income vs. flexibility
- Importance of leaving benefits to beneficiaries
- Impact of inflation on future purchasing power
The best payout option depends on your personal circumstances and financial goals. Consider consulting with a financial advisor to determine which option best suits your needs.