How Do Immediate Annuities Pay Out?

Chris-Magnussen-28-How do immediate annuities pay out

In this video, Chris Magnussen explains that immediate annuities offer several payout options—such as single life, joint life, and period-certain variations—and emphasizes the importance of working with a professional to choose the option that best fits your financial goals and situation.
Video Transcript
With immediate annuities, there are different payout options that are available to you as a client, and it really depends on your situation and what's most important to you. You can get a single life where you get max income, or you can look at single life with period certain, or joint life, or joint life with period certain, but there are different options in working with a professional to help you understand the benefits of each and how it addresses your situation is vital.