Annuity Payouts: Interest Only Option

Annuity contracts offer numerous options to receive your accumulated funds as retirement income.

One option rarely used is the interest only option. At any time you can withdraw the earned inertest on a monthly basis. This allows for your account value to remain the same each month as you withdraw the monthly interest.

As an example if your account value was $100,000 and the interest paid was 5%, you could withdraw a monthly interest check of $416 without invasion of principal. The value to this option is deferring any permanent decision until a later time period. The interest income option is cancellable at any time so total control is maintained.

For mroe information regarding Annuity Payout and/or Lifetime Income Options, call us at 602.795.6270.

Contributors: Askmrannuity.com, annuity.com

Listen to the Ask Mr. Annuity Radio Program

My name is Steve Lance. I am the owner of Lance Marketing and The Ask MR. Annuity Financial Network. You are invited to listen to the Ask Mr. Annuity Radio show (http://www.kcardsofcal.com/amaradio_9-22.html), and learn about ways to use it to your marketing advantage.

Advisors Are Selling More Annuities

Here's food for thought...

According to National Underwriter’s “Russell: Many Advisors Want to Pare Client Lists,” financial advisors have an average of 255 clients.

Of those surveyed, 39% said that they have been selling more annuities to their clients.

While most of the advisors already use annuities for their clients, those who don’t seem to have little interest in transitioning to this guaranteed income product. Maybe they will change their minds as clients show more interest in lifetime guaranteed income sources.

Information extracted from a post by AnnuityFYI.