Factors to Consider when purchasing an Immediate Payment Annuity
- Guaranteed lifetime income
- Tax favored payouts
- Numerous payout options
- Survivor options available
- Wealth preservation options available
- Inflation proofing options
- Income options based on current interest rates
- Income options vary with interest rate environment
- Buyers should know where they in reference to historical interest rates
- Buyers should know the status of the yield curve
- Rates vary significantly carrier to carrier
- Competitive bids are essential to find the best payouts
- Wide variations in features and find print
- Buyers with health problems should ask for age adjusted payouts
- Proper selection requires experienced professional
- Proper search involves screening thousands of policies and variations