The term “Life Annuity” is rather generic and can have multiple meanings but it is almost always used when describing lifetime income from an annuity product. This post provides detail on the most common uses of the term and provide detail on how a lifetime income annuity works.
First meaning of the term “Life Annuity” [...]
There are more people than ever looking to use a lump sum of money to create a guaranteed future income stream. Fixed Indexed annuites are usually the most predictible way to do this and they also offer the highest future guaranteed life payouts.
As a result, there are a number of companies offering these types of [...]
Numerous companies are using income riders to provide future guaranteed income payouts to investors. They use income roll up guarantees and bonuses to entice potential customers. With all of the bells and whistles now available, it is easy to lose sight of the most important feature of all which is simply finding which company [...]