How Do Annuities Pay Out?

Chris-Magnussen-10-How do annuities pay out

Christopher Magnussen explains that annuity payouts are based on factors like age, gender, and funding amount, and can be distributed on a monthly, quarterly, semi-annual, or annual basis to meet income needs.
Video Transcript
Annuity payouts differ from one solution to another. Right, but ultimately, if you're looking at a solution that's based on an income need, they are looking specifically at your age, right and your gender. As we found females tend to outlive their male counterparts by four years. So those two pieces, along with the amount of funding that they have to offer, is going to determine the amount that is going to be paid. Now those can be paid out on an annual basis. Semi-annually quarterly, most people would default to monthly as what we're accustomed to. We have monthly expenses and now they have monthly income to address that.