What payout options are available?
Period certain–Income is guaranteed for a predetermined period of time. Life with period certain–Income is guaranteed for the rest of your life or for a predetermined period of time, whichever is longer. If you die before receiving the minimum number of guaranteed payments, the remaining balance is paid to your beneficiary. Joint and survivor–Income is guaranteed for the lifetime of two persons (typically spouses) for as long as either is alive. A period certain may be added to this option. Life only–You will receive income for the rest of your life. Payments cease at death of owner with no payments to the beneficiary. Note that all guarantees are backed by the financial strength of the issuing company.
Period certain Income is guaranteed for a predetermined period of time. Life with period certain Income is guaranteed for the rest of your life or for a predetermined period of time, whichever is longer. If you die before receiving the minimum number of guaranteed payments, the remaining balance is paid to your beneficiary. Joint and survivor Income is guaranteed for the lifetime of two persons (typically spouses) for as long as either is alive. A period certain may be added to this option. Life only You will receive income for the rest of your life. Payments cease at death of owner with no payments to the beneficiary.
