1. 1165 POINTS
    Chris AbramsPRO
    Founder, Abrams Insurance Solutions, Inc., San Diego, CA
    How much does an annuity pay per month will depend on the amount of money that is put into the annuity and the growth rate .  The higher the amount funding the annuity, the higher the payout.  If you are referring to an annuity with an income rider, this vehicle will pay out a percentage of the income account, depending on the annuitant's age when they turn on the income stream.  An annuity is a excellent way to protect yourself from outliving your retirement savings.
    Answered on May 14, 2013
  2. 130 POINTS
    Daniel J. Wendol
    CEO, Dolphin Financial Group, Florida
    There are many factors that go into determine what an annuity will payout per month.  The primary factor is the type of annuity you have.  Additionally, there are usually options associated with the payout of an annuity, so answering your question without more information is not possible.  If you are considering an annuity payment, be sure to compare all of your options.  

    Here are some general factors that go into determining annuity payments (not all apply to each type of annuity and payout option):
    The amount put into the annuity
    The growth of the annuity over time
    The age of the person(s) at the time annuity payments begin
    The age of the spouse if a joint payout applies
    The length of time the payments are guaranteed to last
    Answered on May 15, 2013
  3. Did you find these answers helpful?

Add Your Answer To This Question

You must be logged in to add your answer.

<< Previous Question
Questions Home
Next Question >>