Income and Distribution Options

You can choose from a number of options for receiving income from an immediate annuity.

Lifetime income for You:

You can opt for income, guaranteed by the insurance company, for the rest of your life. Payments cease upon your death.

Lifetime income with a guaranteed period:

You will receive income for life. If you die before the guarantee period is over, your beneficiaries will receive the remaining number of guaranteed payments.

Lifetime income for two:

You can opt for income guaranteed for the rest of your life and the life of another person, such as your spouse. Guaranteed income for two people is known as a joint and survivor option, which guarantees that income payments will continue for the life of the primary owner and a second person. The insurance company that issues your annuity makes the guarantee.