life annuity

You've worked hard for you money and you want make sure it benefits you for as long as you live. This is why many people choose to go with life annuities.

Investing in a life annuity means that you will receive payment until you die. Period. Many choose to go with a joint annuity, which makes sure that your spouse continues to receive payments after you die.

However, if you choose a single-life annuity, your money dies with you - even if you die prematurely. Which is why many people choose life certain policies, which are basically life annuities with a certain-year guarantee. This means that if you die within a certain period of time, usually 10 or 15 years, your spouse or beneficiaries are guaranteed to receive your remaining payments within that time frame. If you die after this period, you continue to receive your payments, but once you die, your beneficiaries receive nothing.

 

Compare a Life Annuity to an ( IMMEDIATE ANNUITY )